The Economic Crisis Lessons of Transportation Companies by Labour Productivity in Baltic and Central and Eastern Europe Countries

Abstract

This study main aims to study the lessons of the economic crisis of Europe. This in turn allows the development of measures. The purpose of this article is to analyse the economic crisis lessons of the transportation and storage enterprises of new EU Member States from Baltic and Central and Eastern Europe (CEE-8) or former Soviet-bloc countries, and to compare them on the Europe level. The Eastern European countries were part of the Soviet Bloc. There are topical in connection with political events in 2014 in Eastern Europe. The goal is to analyse the labour productivity before and after the economic crisis by labour productivity, more specifically by gross value added per person employed and employee and turnover per person employed. We will look at how the economic crisis has affected the labour productivity of transportation companies and analyze the changes in the companies. In the background, we look at former Soviet-bloc countries and the countries' economic (GDP) development. What are the lessons learned from the economic crisis? The literature review shows the crisis theory. Based on this and previous publications, we will offer a number of generalized suggestions.