International Internet Magazine. Baltic States news & analytics
Thursday, 12.12.2019, 14:25
Wages continue to grow in Latvia, and the average monthly gross wage of employees reached 1083 euro in the second quarter of 2019. The pace of remuneration growth is decelerating, reflecting the general trend observed in economic development. Despite the decreasing share of low-wage earners, the considerable differences in wages between industries and regions, however, remain.
Keyword tags: Analytics, Banks, Direct Speech, Financial Services, Latvia, Wages
According to Statistics Estonia, in July 2019, the production by industrial enterprises decreased 5% compared to July 2018. Production increased in manufacturing, but decreased in both energy and mining.
Vilnius Airport plans to expand its taxiing runways, which will allow planes to avoid complex maneuvers and cut taxiing time, the Ministry of Transport of Communications says LETA/BNS.
Data of the Central Statistical Bureau show that, compared to the 1st half of 2018, during the 1st half of 2019 the volume of freights carried by rail and road has decreased. 57.2 mln tons of the freight was carried by land and pipeline transport, which is a drop of 3.5 mln tons (5.8%) compared to the year before. 21.9 mln tons of freights were carried in transport by rail, a decrease of 7.9% on the 1st half of 2018. National freights by rail accounted for 0.6 mln tonnes – 0.8% less. In international traffic the volume of freight carried by rail reduced by 8.1%.
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to July 2018, in July 2019 total retail trade turnover rose by 1.4%. Turnover of retail trade in food products grew by 1.4 %. Turnover of retail trade in non-food products (except for retail sale of automotive fuel) increased by 2.5%, but turnover of retail sale of automotive fuel – reduced by 1.7%.
Rokiskio Suris, one of the biggest dairy groups in Lithuania, posted 89.168 million euros in first-half revenue, down, 12.8% from the same period last year, informed LETA/BNS.
Latvia submits technical report on implementation of Moneyval recommendations, demonstrating significant changes in financial sector
Latvia has submitted a technical report on implementation of recommendations from the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval), demonstrating significant changes in the financial sector, reported LETA/BNS.