International Internet Magazine. Baltic States news & analytics
Tuesday, 28.01.2020, 13:30
Lithuania's unemployment level fell by 0.7 percentage points in the third quarter of 2018 from a year earlier to 5.9%, according to the results of a population employment survey released by Statistics Lithuania on Friday.
Keyword tags: Analytics, Labour-market, Lithuania, Statistics
Consumer prices were 0.5% higher in October than in the previous month, and 4.4% higher than a year earlier. Accelerating inflation for services, which is related to rising wages, has started to push prices up strongly, and so inflation will average above 3% this year.
Eesti Pank has announced a competition to design a two-euro commemorative coin dedicated to the centenary of the University of Tartu being established as the first Estonian language university. The competition will be open to individual designers and to groups.
The Bank of Lithuania and Astana Financial Services Authority (Kazakhstan) have agreed to strengthen cooperation in the field of FinTech and work together in promoting FinTechs in both countries by offering them consultations on financial regulatory issues, informed Bank of Lithuania.
While the third quarter saw our trade partner growth rates declining, the flash estimate of Latvia's economic development suggests an even faster growth than before. The construction sector is a traditional contributor; however, its performance in the third quarter clearly does not explain growth of the gross domestic product (GDP): it means that positive surprises were observed in services sectors.
President Raimonds Vejonis has sent the amended Labor Law, allowing to slash overtime pay 50% under general collective agreements, back to Saeima for a revision, LETA was told at the president’s office.
With oil prices high and production booming, 2018 was supposed to be a year of profits for US shale oil and gas companies. A report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute shows that hasn’t happened. As 3Q 2018 results start coming in, investors around the world should be considering if there is a fundamental problem with the fracking business model, says Nick Cunningham of Oilprice.com.