International Internet Magazine. Baltic States news & analytics
Thursday, 12.12.2019, 14:23
According to Statistics Estonia, in May 2019, the production of industrial enterprises increased by 1% compared to May 2018. Production increased in manufacturing, but decreased in energy and mining.
Keyword tags: Analytics, Estonia, Industry, Statistics
The state-owned Estonian energy group Eesti Energia did not produce during eight hours last Sunday a single megawatt-hour of electricity from oil shale for the first time in the company's history, reported LETA/BNS.
Olegs Burovs, the candidate for Riga mayor nominated by Honor to Serve Riga (GKR) party, has failed to win the support of the city council’s opposition, even though he offered some opposition politicians leading positions on the city council’s committees, LETA learned.
Today the Bank of Lithuania and Statistics Lithuania published data on exports and imports of services for Q1 2019, broken down by country and type of service. It shows that in Q1 2019 exports of services amounted to €2.5 bn, a y-o-y increase of 19.2%, while imports of services stood at €1.4 bn, a y-o-y increase of 14.6%.
In May, Latvia's domestic loan portfolio expanded for the third consecutive month: the monthly growth rate of loans reached 1.1%, a high since autumn 2017, while loans to non-financial corporations increased even faster (by 1.9%). Like in April, deposits only grew in the household sector, whereas corporate deposits and the total amount of deposits declined.
SEB, one of the largest commercial banks in Lithuania, plans to introduce a new IT platform, which is used by the banking group for the majority of services and business processes, in the first quarter of 2020.
A study carried out into the income of young people by SEB in the spring of 2019 indicates that the earnings of people aged 18 to 25 have been steadily increasing over the past three years, informed LETA/BNS.