Friday, April 13, 2007

Latvia Additional Public Holidays on April 30 and December 24, 2007

Sources: Latvijas Banka and Latvia public holidays. Latvia has declared Monday April 30, and Monday December 24, 2007, as additional public holidays. As compensation, Saturday April 14, and Saturday December 29, 2007, will both be regular working days.

Analysis: This creation of "bridge" holidays to be compensated by working Saturdays is part of a recent trend that has already been implemented, for 2007, in Bulgaria, Hungary, the Ukraine, and to a lesser extent, in the Philippines.