International Internet Magazine. Baltic States news & analytics
Sunday, 01.03.2015, 14:29
Data compiled by the Central Statistical Bureau (CSB) show that in 2014, compared to 2013, GDP at constant prices grew by 2.4%. Gross domestic product at current prices comprised 24.1 bln euro, in the 4th quarter of 2014 – 6.5 bln euro.
Latvia could join the Organization for Economic Co-operation and Development in the spring of 2016, the Foreign Ministry's State Secretary Andrejs Pildegovics said during a conference organized by the Financial and Capital Market Commission, writes LETA.
Improving Latvia's competitiveness requires higher productivity, more efficient public sector, and prevention of possible "bubbles" in the economy, informs LETA, according to the first Survey of Latvia prepared by the Organization for Economic Cooperation and Development (OECD).
The economic activity in Latvia is declining, which is why the Bank of Latvia urges the government to be careful with expenditures and to implement measures in order to "warm up" the economy, informs LETA.
Assessing their household's and Lithuania's financial situation throughout the last two months, people's opinion changed little in January 2015. There were more pessimists than optimists, although nearly half of the polled said they had not noticed neither positive nor negative changes, informs LETA.
Businessmen are rather pessimistic about the growth opportunities in 2015, according to a survey of the heads of Latvia's largest companies carried out by PricewaterhouseCoopers, as the company's CEO and Chairwoman of the Foreign Investors Council in Latvia, Zlata Elksnina-Zascirinska said in an interview with the LNT show "900 sekundes" this morning, cites LETA.
On February 17th, Prime Minister Algirdas Butkevicius attended a discussion with analysts from Lithuanian banks and shared economic insights, reports LETA/ELTA.