International Internet Magazine. Baltic States news & analytics
Friday, 13.12.2019, 16:34
Iceland’s President Gudni Johannesson is to give a guest lecture at the Small Hall of the University Latvia this Friday, November 16, LETA was told at the university.
Keyword tags: EU – Baltic States, Forum, Latvia
Statistics Lithuania informs that in III quarter 2018, the volume of construction work carried out in the country amounted to EUR 904 mln at current prices, and against the previous period, seasonally and calendar adjusted, increased by 2.2% (unadjusted – 16.9 %).
In 3Q 2018, a decrease in the number of building permits issued for the construction of new buildings was observed in Lithuania14.11.2018
Statistics Lithuania informs that, based on the data from the building permits and state construction supervision information system the Republic of Lithuania (IS) Infostatyba, in III quarter 2018, against III quarter 2017, the number of building permits issued for the construction of new buildings (hereinafter referred to as the building permits) decreased by 12%, of which for the construction of new residential buildings – by 11.8%.
According to Statistics Estonia, in the 3rd quarter of 2018, the unemployment rate was 5.2%, the employment rate was 68.2% and the labour force participation rate was 72%. The unemployment rate remained low and is similar to that of economic boom years. The employment rate and the labour force participation are even higher than during the boom years. Employment of older persons is at a record high.
Labour market data published on Wednesday show that unemployment remains low and shortages of labour are biting. The share of people in work varies widely across regions however, and there is most space for creating new jobs in Ida-Virumaa.
Shortage of labor is not expected to end soon as Estonia has most likely run out of unemployed workforce, and businesses will need to get by with a smaller number of people in the future, the Ministry of Finance said.
Latvian natural gas transmission and storage operator Conexus Baltic Grid (Conexus) has lodged an appeal against the Public Utilities Commission’s (regulator) decision to certify the operator on conditions the company’s shareholders – Russian gas giant Gazprom and Luxembourgian investor Marguerite Fund - are expected to meet by 2020, Conexus spokeswoman Dace Baltabola told LETA.