Date: 02.06.2017.

International Internet Magazine. Baltic States news & analytics Friday, 20.10.2017, 17:21

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Economic Growth Gathers Momentum

Economic Growth Gathers Momentum

02.06.2017

Economic growth in Latvia is gathering momentum, and in the first quarter gross domestic product (GDP) grew by 4% year-on-year (at constant prices; according to both seasonally adjusted and unadjusted data). Consequently, Latvia is presently recording the fastest pace of growth over last five years.

Keyword tags: Banks, Direct Speech, Economics, Financial Services, GDP, Latvia



Latvia issues EUR 350 million worth of eurobonds

Latvia issues EUR 350 million worth of eurobonds

02.06.2017

Latvia yesterday successfully priced a dual-tranche Eurobond transaction in an aggregate amount of EUR 350 million, thus completing Latvia's financing requirement for 2017 in the international capital markets, LETA learned from the Treasury.

Tallinn apartment prices up 5.7% on year

Tallinn apartment prices up 5.7% on year

02.06.2017

The price per square meter of apartments in Tallinn rose 5.7 % year on year in May to an average of 1,664.38 euros, figures available from the Estonian Land Board show LETA/BNS.


Lithuanian households spend less income for loan repayment

Lithuanian households spend less income for loan repayment

02.06.2017

In 2016, banks and other lending institutions granted almost 400 thousand new loans. Even though borrowing is picking up steam, resident loan burden is constantly reducing – they allocate an increasingly smaller share of income for loan repayment.

Lithuania's avg gross wages up 8.4 % in 2016

Lithuania's avg gross wages up 8.4 % in 2016

02.06.2017

Average gross monthly wages in Lithuania last year rose by 60 euros, or 8.4 %, y-o-y, to 774 euros, data from Statistics Lithuania showed on Friday.


02.06.2017

Thermo Fisher Scientific Baltics raises 2016 profit 2.5 times y-o-y

Thermo Fisher Scientific Baltics, a US-owned Lithuanian producer of medical and scientific equipment, last year netted 81.635 mln euros in audited profit, up by a factor of 2.5, from 32.28 mln euros, in 2015, reports LETA/BNS.

02.06.2017

FY earnings of Fazer Eesti drop 27.6 % to EUR 493,000

The net profit of the bakery products maker Fazer Eesti AS declined 27.6% to 493,000 euros year over year in 2016 while revenue remained stable at 16.2 mln euros, reports LETA/BNS.

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