Date: 09.02.2018.

International Internet Magazine. Baltic States news & analytics Friday, 23.02.2018, 00:35

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In 2017, foreign trade turnover in Latvia rose by 12.4%

In 2017, foreign trade turnover in Latvia rose by 12.4%

09.02.2018

Provisional data of the Central Statistical Bureau (CSB) show that in 2017, the foreign trade turnover of Latvia at current prices reached EUR 25.42 bln – EUR 2.81 bln or 12.4% more than in 2016. The exports value constituted EUR 11.39 bln (an increase of EUR 1.03 bln or 10.0%), whereas the imports value – EUR 14.03 bln (an upturn of EUR 1.78 bln or 14.5%).

Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Foreign trade , Good for Business, Latvia, Markets and Companies



Trade in Estonian reached record level in 2017

Trade in Estonian reached record level in 2017

09.02.2018

According to Statistics Estonia, in 2017 compared to 2016, the exports of goods increased by 8% and imports by 9%. In 2017, the exports of goods from Estonia amounted to 12.8 billion euros and imports to Estonia to 14.7 billion euros at current prices.

Swedbank: Estonia's market share in EU down regardless of export growth

Swedbank: Estonia's market share in EU down regardless of export growth

09.02.2018

Swedbank chief economist Tonu Mertsina said that regardless of the growth in export, Estonia has not been able to increase its market share in the European Union and the competitiveness of exporting companies on the European market has worsened in 2017, informs LETA/BNS.


Kauno Tiltai, ABB to revamp Ignalina NPP, Utena substations for EUR 29 mln

Kauno Tiltai, ABB to revamp Ignalina NPP, Utena substations for EUR 29 mln

09.02.2018

Substations of Lithuania's Ignalina Nuclear Power Plant (NPP) and the Utena transformers, which are crucial for electricity network synchronization with continental Europe, will be reconstructed by road and bridge construction company Kauno Tiltai and Sweden's energy and automation technologies concern ABB for nearly 29 million euros, informs LETA/BNS.

Elimination of vacant jobs not to count during public administration reform in Latvia

Elimination of vacant jobs not to count during public administration reform in Latvia

09.02.2018

Elimination of the vacant jobs will not count as part of the layoffs planned under the public administration reform in Latvia, said Janis Citskovskis, the head of the State Chancellery, cites LETA.


09.02.2018

Eesti Energia introduces industry digitalization to EU Commission

The roof organization of European electricity industry EURELECTRIC handed over to Vice President of European Commission Maros Sefcovic a shared vision for the future, according to which clean and smart energetics has a significant role in the future society in order to ensure a sustainable and competitive European economy, while the state owned Estonian energy group Eesti Energia introduced Estonia's experience with the digitalization of the energy industry, informs LETA/BNS.

09.02.2018

Illegal employment grows in construction, transport in Latvia

In 2017, illegal employment increased in two sectors of the Latvian economy - in construction and in transport and warehousing, according to Renars Lusis, the head of the State Labor Inspectorate, cites LETA.

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