International Internet Magazine. Baltic States news & analytics
Saturday, 27.04.2024, 08:28
In April, the number of visitors in Latvian hotels fell by 93.6%
05.06.2020Accordingly data of the Central Statistical Bureau, in April 2020 the number of foreign and resident visitors comprised 13.2 thousand, which is 93.6% less than in April 2019. As compared to April of the previous year, the number of nights spent by visitors has reduced by 86.6% and comprised 53.7 thousand nights.
Keyword tags: Analytics, Baltic States – CIS, Covid-19, EU – Baltic States, Latvia, Tourism
Interactive map of Jewish cultural heritage in Lithuania created
05.06.2020An interactive map of the Jewish cultural heritage in Lithuania has been created, Jewish Heritage Lithuania said on June 5th, cites LETA/BNS.
Ventspils oil terminal to cut its share capital by EUR 65.275 mln
05.06.2020Ventspils Nafta Terminals (VNT), a stevedore of Ventspils Nafta holding, will cut its share capital by EUR 65.275 million in order to cover the loss of the previous years, writes LETA, according to Firmas.lv business database.
Central bank: Lithuania's economy will shrink 9.7% in 2020
05.06.2020Lithuania became one of the economies in May 2020 with the fastest rate of return back to normal as growing residential mobility allows to believe that a major part of internal demand will get back to normal, and the situation in the labor market is also showing signs of stabilization, Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, says, cites LETA/BNS.
Bank of Latvia projects GDP to fall 7.5% in 2020
05.06.2020The Bank of Latvia has revised its gross domestic product forecast for Latvia in 2020 downward from -6.5% in its March forecasts to -7.5%, informs LETA.
Free movement between Poland, Baltics to be restored next week
Free movement between Poland and the Baltic states will be resumed next week, Lithuanian Prime Minister Saulius Skvernelis has announced on June 5th, cites LETA/BNS.
Bank of Estonia: The effect of the crisis is that labour shortages will be replaced by shortages of jobs
At the end of the first quarter of this year the coronavirus crisis hit the global economy, including Estonia, and had a major impact on the labour market. Demand for labour fell at companies that were hit most by the crisis, as economic activity was hindered by restrictions introduced in Estonia and in other countries. Fear of infection by the virus also affected people’s behaviour. This meant the ability of companies to produce goods and services suffered a blow, while demand for those goods and services fell at the same time.
«The Baltic Course» Is Sold and Stays in Business!
