International Internet Magazine. Baltic States news & analytics
Monday, 20.05.2013, 12:20
In 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
The 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.
According 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.
Insurance 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.
Insurance 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.
The Baltic States first IMAX cinema hall will be built in the historical Kosmos cinema building in central Tallinn, LETA/Public Broadcasting reports.
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.