International Internet Magazine. Baltic States news & analytics
Friday, 21.11.2014, 04:00
Five years after the beginning of the financial crisis, the majority of the Baltic media are still behind their 2008 turnover indicators in 2014. Newspapers, especially in Latvia, have suffered the most, reports LETA.
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Estonians are the most frugal people in the Baltic States: 83% of residents in Estonia have made personal savings, 66% – in Lithuania, 53% – in Latvia, according to a study conducted by Swedbank.
Estonia-registered insurance company If P&C Insurance and its subsidiaries in Latvia and Lithuania, earned EUR 17.4 million in January-September 2014, informs LETA.
Estonian domestic electricity consumption grew by 6% to 606 GWh in September, LETA/Public Broadcasting cite Elering.
On 23rd of October, 2014 in Riga, Corporate Social Responsibility Platform of Latvia (CSR Latvia), Responsible Business Forum in Estonia (CSR Estonia) and Responsible Business Association in Lithuania – LAVA (CSR Lithuania – LAVA) signed the Memorandum of Understanding (MOU) that intends to strengthen Baltic level cooperation between parties for CSR recognition as business and societies value, informed CSR Latvia.
The profit of joint-stock Swedbank in Latvia for the nine month period 2014 amounted to EUR 88 million compared to a profit of EUR 81 million for the nine month period of 2013. Swedbank Lithuania's profit for the first nine months 2014 was 3% up year-on-year and amounted to LTL 291 million (EUR 84.347 million) and Swedbank’s Estonian subsidiary earned a total of 119.4 million euros in nine-month profits this year, informs LETA.
Cargo turnover at the Baltic countries' ports increased by 1.1% in the first nine months of 2014, amounting to 106.78 million tons, as compared to the respective period of 2013, according to information provided by portal "RZD Partner", cites LETA/Nozare.lv.