International Internet Magazine. Baltic States news & analytics
Friday, 13.12.2019, 06:07
Nord Stream 2 has completed pipelay activities in the Russian offshore and onshore sections.
Provisional data of the Central Statistical Bureau show that in September 2019 the foreign trade turnover of Latvia amounted to EUR 2.44 bn, which at current prices was 1.6% less than a year ago, of which the exports value of goods was 2.5 % higher, but imports value of goods was 4.6% lower.
he latest data compiled by the Central Statistical Bureau (CSB) show that, compared to the 3rd quarter of 2018, in the 3rd quarter of 2019 construction output1 increased by 5.9 % (according to calendar adjusted data at constant prices). Construction output rise was observed in construction of buildings (of 11.7%), civil engineering (2.1%) and specialised construction activities (2.4%).
In September 2019, exports amounted to EUR 2.54 bn, imports – EUR 2.59 bn. Exports of goods of Lithuanian origin amounted to EUR 1.51 bn. The foreign trade deficit of Lithuania amounted to EUR 0.05 bn.
The flash estimate for Latvia's economic growth in the third quarter shows that after the unfavourable developments at the beginning of the year growth has recovered and stabilised; however, it was primarily driven by short-term factors such as a renewed rise in energy production from a low level and a good grain harvest.
The weakening of Norway's krone against the euro has not yet hit Lithuanian exports to the market, but exporters say they have already begun to feel pressure to cut product and service prices in talks with their Norwegian partners, according to the Verslo Zinios reported LETA/BNS.
Estonian transmission system operator Elering is planning to invest 111 million euros in Phase 2 the project to synchronize the power systems of the Baltic countries with those of Continental Europe