Date: 14.02.2018.

International Internet Magazine. Baltic States news & analytics Tuesday, 16.10.2018, 22:15

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Number of visitors hosted at Latvian hotels rose by 11.9% in 2017

Number of visitors hosted at Latvian hotels rose by 11.9% in 2017

14.02.2018

Latest data compiled by the Central Statistical Bureau (CSB) show that 2.58 mln visitors stayed at Latvian tourist accommodation establishments in 2017, which is 11.9% more than during 2016. Compared to the previous year, the number of nights spent by visitors increased by 12.1%, reaching 4.95 mln. The average length of stay comprised 1.9 nights.

Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Good for Business, Latvia, Tourism



In 2017, the labour force participation rate was 71.6% in Estonia

In 2017, the labour force participation rate was 71.6% in Estonia

14.02.2018

According to Statistics Estonia, in 2017, the unemployment rate was 5.8%, the employment rate 67.5% and the labour force participation rate 71.6%. In the 2nd quarter, unemployment increased temporarily, primarily due to an increased number of previously inactive persons entering the labour market. Employment and labour force participation remained high throughout 2017, reaching the highest levels in 20 years. In the 4th quarter, the youth (15–24-year-olds) unemployment rate was very low – 6.2%.

FinCEN: management of ABLV Bank used bribery to influence Latvian officials

FinCEN: management of ABLV Bank used bribery to influence Latvian officials

14.02.2018

The management of ABLV Bank used bribery to influence Latvian officials when challenging enforcement actions and perceived threats to their high-risk business, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury says in a report, cites LETA.


Daugavpils train engine repairs group increased production by 75% in 2017

Daugavpils train engine repairs group increased production by 75% in 2017

14.02.2018

Daugavpils Lokomotivju Remonta Rupnica (Daugavpils LRR) train engine repairs group increased production by 75% last year, the company’s board member Gatis Kamaruts told LETA.

President urges businessmen to use potential of Latvian-South Korean relations

President urges businessmen to use potential of Latvian-South Korean relations

14.02.2018

Latvian businessmen have to use the sound relations between Latvia and South Korea to continue to jointly develop the two countries' economic partnership, especially in research and innovations, President Raimonds Vejonis said while opening a Latvian-South Korean business forum in Seoul, the President's Chancery informed LETA.


14.02.2018

Novaturas raises 2017 revenue by 40%

Novaturas, Lithuania's tour organizer operated by Enterprise Investors, one of the largest private equity firms in Central and Eastern Europe, posted 141.1 million euros in consolidated revenue in 2017, up by 40%, from 101.5 million euros, year-on-year, reports LETA/BNS.

14.02.2018

Latvian MFA in South Korea agrees on the establishment of the Baltic-South Korea economic cooperation committee

Today, Latvian Foreign Minister Edgars Rinkevics met with the Minister of Foreign Affairs of the Republic of Korea, Kang Kyung-wha in Seoul, LETA was informed by the Foreign Ministry.

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