Date: 18.09.2019.

International Internet Magazine. Baltic States news & analytics Thursday, 12.12.2019, 14:25

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Wage increases result in higher prices: Empirical investigation

Wage increases result in higher prices: Empirical investigation

18.09.2019

Labour costs are one of the main factors affecting consumer prices of goods and services, according to our recent research*. When the average wage increases by 10%, the consumer price level in Latvia rises by 3% in the medium term; moreover, three fourths of the pass-through take place during the first year after the wage rise.

Keyword tags: Analytics, Economics, Financial Services, Latvia, Wages



FCMC fines PrivatBank EUR 1 million for violations of Money Laundering and Terrorism and Proliferation Financing Prevention Law

FCMC fines PrivatBank EUR 1 million for violations of Money Laundering and Terrorism and Proliferation Financing Prevention Law

18.09.2019

The board of the Financial and Capital Market Commission (FCMC) has imposed a fine of EUR 1.019 million on PrivatBank for violations of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, the FCMC Communications Department informed LETA.

Estonian academic trade unions to hold demonstrations to support greater research funding

Estonian academic trade unions to hold demonstrations to support greater research funding

18.09.2019

Academic trade unions in Estonia are to hold demonstrations in support of increased funding of higher education and research to be held in Tallinn and Tartu at noon on Thursday, reported LETA/BNS.


Estonia: Coop Pank sticks to autumn 2019 timeline for IPO

Estonia: Coop Pank sticks to autumn 2019 timeline for IPO

18.09.2019

Coop Pank is on schedule with its plan for going public and the initial public offering (IPO) of shares might take place already later this fall, reported LETA/BNS.

Estonia: Tallinn to strengthen cultural cooperation with Moscow

Estonia: Tallinn to strengthen cultural cooperation with Moscow

18.09.2019

Tallinn Deputy Mayor Vadim Belobrovtsev on Wednesday hosted a delegation of the city government of Moscow, which is visiting Estonia and Latvia this week to strengthen cultural and professional ties.


18.09.2019

First Hilton hotel in Latvia opens in Riga's Old Town

Apex Alliance Hotel Management is planning to open another international brand hotel in Riga in one-and-a-half - two years, as Apex Alliance Hotel Management head Gerhard Erasmus told reporters today at the opening of Hilton Garden Inn Riga Old Town, the first Hilton hotel in Riga, infor,ed LETA/BNS.

18.09.2019

Riga City Council hopes to obtain additional EUR 3 mln in revenue from tourism tax

The Riga City Council's Finance and Administration Committee today endorsed the idea of introducing a tourism tax in Riga, with plans to bring an additional EUR 3 million a year into the municipal budget, LETA found out.

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