International Internet Magazine. Baltic States news & analytics
Sunday, 21.12.2014, 11:14
Swedbank housing affordability index (HAI) has slightly increased in Riga in the third quarter due to monthly salaries growing faster than house prices. However, due to the recently-amended insolvency law, the down payment for a mortgage loan has significantly grown, thus, affecting the housing affordability index, reports LETA.
Keyword tags: Analytics, Baltic, Financial Services, Loan, Real Estate
In December 2014, retail sales in Estonia increase by an average of a fifth at constant prices as compared to the previous month due to Christmas sales, LETA/Delfi writes.
The prime ministers of the Baltic States met at the Baltic Council of Ministers in Maardu and agreed to facilitate cooperation by creating cross-border electronic signature and electronic document formats for residents and businesses, informs LETA/ELTA.
Latest data compiled by the Central Statistical Bureau of Latvia show that compared to the 3rd quarter of 2013 the average gross wages and salaries in the 3rd quarter of 2014 increased by 7.4% (from EUR 722 to EUR 775). Annual growth rate of average wages and salaries in the 3rd quarter of 2014 witnessed the same increase as in the 1st quarter of 2014.
The number of employers who are planning to hire new workers has reduced in all Baltic States – employers in Lithuania are more optimistic, while those in Latvia and Estonia are more conservative, according to a study conducted by CV-Online, cites LETA.
DNB raised the economic growth forecasts for Estonia and Lithuania in 2014, but lowered its expectations for the performance of the Baltic countries in 2015, LETA/Public Broadcasting reports.
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.