International Internet Magazine. Baltic States news & analytics
Sunday, 23.10.2016, 23:16
Demographic trends are going to have the most significant impact on the Baltic real estate market in following years, Morten Hansen, the head of the Economics Department at the Riga Faculty of the Stockholm School of Economics, said at the Baltic Real Estate Leaders Forum today.
Keyword tags: Analytics, Demography, Direct Speech, Forum, Latvia, Market Review, Markets and Companies, Real Estate
Tax hikes are inevitable as Latvia's population dwindles, according to a study carried out in cooperation with Oxford Research company and published in the Latvian Business Annual Report 2016 compiled by Firmas.lv and LETA.
The member countries on the both sides of Mediterranean Sea (Union for the Mediterranean, UfM) have defined key structural measures to address persisting challenges of unemployment in the region, particularly for young people and women. These measures are expected to reduce immigration flow to Europe.
Central Statistical Bureau (CSB) informs that in 2015 number of births grew in all three Baltic states. Compared to 2014, in 2015 the greatest increase in the number of newborn was registered in Lithuania – of 1 106 newborn or 3.6 %, whereas in Estonia the increase accounted for 356 newborn or 2.6 % and in Latvia – for 233 newborn or 1.1 %, BC informs CSB.
The number of residents in the Riga Planning Region by 2030 will grow to 1.1 mln, and the gross domestic product (GDP) might grow by 30%, according to the region's development vision, writes LETA.
The number of births in Latvia has been increasing since 2011. According to the provisional data of the Central Statistical Bureau (CSB), the number of newborns registered during the first six months of 2016 – 10 943 children – is 224 babies or 2% more than during the corresponding period of 2015.
More than a half or 57% respondents believe that population ageing will become a serious problem in Latvia during the next five years, according to the Baltic International Bank Latvia Barometer survey, cites LETA.