International Internet Magazine. Baltic States news & analytics
Monday, 20.05.2013, 12:20
In Q1, share of employed persons in Latvia grew to 54.5%
15.05.2013In comparison with the 1st quarter 2012, the number of active population aged 15-74 in the 1st quarter 2013 has increased by 0.6%. Labour Force Survey results compiled by the Central statistical Bureau of Latvia show that active population in this age group comprises 1 030.2 thousand or 65.4%, of which 70.1% are men and 61.4% – women.
Keyword tags: Analytics, Baltic, Employment, EU – Baltic States, Financial Services, Labour-market, Latvia, Wages
Shadow economy in Latvia in 2012 reduces, but still ahead of Estonia and Lithuania
15.05.2013The shadow economy reduced to 21.1% of gross domestic product in Latvia in 2012, according a study on the shadow economy in the Baltic States presented at the Stockholm School of Economics in Riga today. The shadow economy grew to 18.2% of GDP in Lithuania and 19.2% in Estonia in 2012, writes LETA/Nozare.lv.
ERGO earns EUR 228,000 in profit in Baltics in Q1
14.05.2013According to an IFRS-based assessment, ERGO Insurance Group earned EUR 228,000 (LVL 160,200) in profit in the Baltic States in the first quarter of 2013, a 37.5% increase on the corresponding period in 2012, writes LETA.
Gjensidige Baltic earns LVL 686,000 in profit in Q1
10.05.2013Insurance company Gjensidige Baltic, a subsidiary of Norway's Gjensidige Forsikring, achieved LVL 686,000 in profit in the first quarter of 2013, a threefold increase on the first quarter of 2012, when the company earned LVL 227,000 in profit, LETA/Nozare.lv was informed by the company.
Insurer If achieves EUR 1.4 mln in profit in Baltics in Q1
08.05.2013Insurance company If P&C Insurance (If) branches in Estonia, Latvia and Lithuania earned EUR 1.4 million (LVL 0.98 million) in consolidated profit in the first quarter of 2013, LETA/Nozare.lv was informed by the company.
First IMAX cinema hall to be build in Tallinn
The Baltic States first IMAX cinema hall will be built in the historical Kosmos cinema building in central Tallinn, LETA/Public Broadcasting reports.
SEB: entrepreneurial activity in Estonia is higher than in other Baltic States
Starting with entrepreneurship in Estonia is thought to be easier than in Latvia and Lithuania, and there are more company founders in Estonia; although Lithuania has the most entrepreneurship enthusiasts, as a survey conducted in the three Baltic States by SEB shows, informs LETA.
EU’s assessment of Latvian economic activity 
