Economy, finances, management: Topical issues of science and practical activity


Issue №: 4 (58)

Published: 2021.12.24
DOI: 10.37128/2411-4413-2021-4

The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

Read about journal


DOI: 10.37128/2411-4413-2021-4-2
PDF Повернутись

Jekabsone Sandra – Doctor of Economics, Professor, Faculty of Business, Management and Economics, University of Latvia (Rіga, LV-1050,
5, Aspazijas bulvaris, room 330, e-mail: sandra.jekabsone@lu.lv).

Skribane Irina – Analyst of the Ministry of Economics of Latvia, Master of Economics, Lecturer, Faculty of Business, Management and Economics, University of Latvia (Rіga, LV-1050, 5, Aspazijas bulvaris, room 331, e-mail: irina.skribane@lu.lv).

Sproge Ilze – Doctor of Public Management, Associate Professor of the Department of Corporate Finance and Economics, Faculty of Engineering Economics and Management, Riga Technical University (Riga, LV-1048, 6, Kalnciema Str., room 312, e-mail:ilze.sproge@rtu.lv).


The transformation of the labour market towards more flexible work conditions took place long before the Covid-19 pandemic. In 2019, in the EU Member States, on average, 14.4% of the total number of employees fully or partially (sometimes) worked remotely. One of the main factors explaining the different prevalence of teleworking in EU countries is the differences in the structure of economic sectors. In countries, where the share of employees in high-tech and science-intensive sectors is higher, teleworking is also more prevalent. Teleworking can increase workers’ productivity, reduce costs (such as transport), but it can also increase income uncertainty and can lead to an uneven workload, as well as leading to changes in labor demand and supply across sectors, occupational groups, and regions. Too much teleworking can reduce employee
efficiency and long-term productivity gains, therfore t
he challenge for the future is to find the optimal balance between teleworking and «traditional» work.

The article deals with the assessments of the trends in the development of remote work in the EU and Latvia, the factors contributing and limiting its spread, as well as the impact of teleworking on the economy. It was investigated the nature of teleworking, its varieties and dynamics during the last decade, the impact of teleworking on productivity (worker efficiency) etc. As a result of the analysis, the advantages and disadvantages of teleworking for employers, employees and the state were identified, as well as the most important problems of teleworking and policies to improve the situation were described. It has been concluded that one of the main policies should be to enhance digital knowledgeability and skills in society as a whole, with particular emphasis on certain target groups (e.g., the seniors, people with disabilities, etc.). The lack of social support infrastructure for employees, such as childcare facilities, is another challenge for increasing teleworking, especially among women.

Keywords: telework, Covid-19 pandemic, Baltic States, labor market, productivity, structural transformation

List of references

1.     Barānovs, O., Salmiņš, J., & Skribāne, I. (2021). Impact of teleworking on productivity and structural changes. Retrieved from: https://doi.org/10.22364/ltpepii.09 [in Latvian].

2.     Bloom, N. (2020). How working from home works out. Stanford Institute for Economic Policy Research (SIEPR). siepr.stanford.edu. Retrieved from: https://siepr.stanford.edu/research/publications/how-working-ho­me-works-out [in English].

  3.     Brie, W.R. (2020). What Is a Remote Job? FlexJobs. flexjobs.com. Retrieved from: https://www.flexjobs.com/blog/post/what-is-a-remote-job [in English].

  4.     Buceniece, A. (2020). Working from home during a pandemic, productivity declines. swedbank-research.com. Retrieved from: https://www.swedbank-research.com/latvian/swedbankpetijumi/2020/20-12-18/_attlintais_darbs/index.csp [in Latvian].

  5. CSB (2020). Number of Teleworkers. www.csp.gov.lv. Retrieved from: https://www.csb.gov.lv/en/statistics/covid19/Employees-working-remotely [in English].

 6.     Employers Confederation of Latvia (2021). On teleworking and social dialogue – conclusions from the international conference of social partners. lddk.lv. Retrieved from: https://lddk.lv/en/aktualitate/news-en/telework/ [in English].

 7. Eurofound (2020). Living, working and COVID-19 dataset, Dublin.  eurofound.europa.eu. Retrieved from: http://eurofound.link/covid19data [in English].

  8.     Eurostat (2021). ec.europa.eu. Retrieved from: https://ec.europa.eu/eurostat/data/database [in English].

  9.     Guatieri, S. (2020). Will RemoteWork Change the Economy Remotely? economics.bmo.com. Retrieved from: https://economics.bmo.com/en/publications/detail/ e5e9ccfa-a20d-4a58-b703-9a3f5bde6d00/ [in English].

10.     ILO (2020). An employers’ guide on working from home in response to the outbreak of COVID-19. ilo.org/global/lang--en. Retrieved from: https://www.ilo.org/actemp/publications/WCMS_745024/lang--en/index.htm [in English].

11.     Meunier, J. (2020). Remote Work: the Future of Work. allwork.space. Retrieved from: https://allwork.space/2020/09/what-does-working-remotely-mean/ [in English].

12.     Neiman, B. (2020). What a way to make a living. Covid-19 has forded a radical shift in working habits. economist.com. Retrieved from: https://www.economist.com/briefing/2020/09/12/covid-19-has-forced-a-radical-shift-in-working-habits [in English].

  13.     OECD (2020). Productivity gains from teleworking in the post COVID-19 era: How can public policies make it happen? oecd.org. Retrieved from: https://read.oecd-ilibrary.org/view/?ref=135_135250-u15liwp4jd&title=Productivity-gains-from-teleworking-in-the-post-COVID-19-era [in English].

  14. The Labor Protection Law (2001). likumi.lv. Retreved from: https://likumi.lv/ta/id/26020-darba-aizsardzibas-likums [in Latvian].

All journal issues

About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)


The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.


Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 250 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "