Economics

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 16:08

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External support in Estonia to be spent on restarting the economy, innovation

External support in Estonia to be spent on restarting the economy, innovation

04.12.2020

The Estonian government decided on Thursday that in the use of external support, Estonia will base its actions on the principles of restarting and invigorating a human-centered economy and conduct of major innovations, informs LETA/BNS.

Keyword tags: Analytics, Economics, Estonia, EU – Baltic States, Financial Services, Innovations, Technology



ICT sector accounted for 4.6% of Latvia's GDP in 2019

ICT sector accounted for 4.6% of Latvia's GDP in 2019

02.12.2020

Last year, the information and communication technology (ICT) sector accounted for 4.6 percent of Latvia's GDP, Signe Balina, president of the Latvian Information and Communication Technology Association (LIKTA), said at the association's conference DIGI->FIT 2020, cites LETA.

Shale oil could create EUR 8.2 bln in Estonian wealth in 20 yrs

Shale oil could create EUR 8.2 bln in Estonian wealth in 20 yrs

02.12.2020

According to an analysis commissioned by the Estonian Chemical Industry Association and carried out by KPMG, shale oil production could create 8.2 billion euros of national wealth over the next 20 years, of which 7.5 billion euros would be shared between the sector's partners, the public sector, employees and the public, reports LETA/BNS.


OECD lowers Latvia's economic downturn forecast to 4.3% in 2020

OECD lowers Latvia's economic downturn forecast to 4.3% in 2020

01.12.2020

The Organization for Economic Co-operation and Development (OECD) has reduced its economic downturn forecast for Latvia, and projects that Latvia's GDP will drop by 4.3% in 2020, reports LETA.

Lithuania's GDP grows 3.8% in Q3 vs Q2

Lithuania's GDP grows 3.8% in Q3 vs Q2

01.12.2020

Lithuania's economy expanded by a seasonally and calendar-adjusted 3.8% in the third quarter of 2020 compared to the second quarter to reach 13.2 billion euros, according to the second estimate of GDP released by the country's statistics office on December 1st, cites LETA/BNS.


01.12.2020

People have become more prudent in their consumption habits

Data from Statistics Estonia put Estonian GDP down 1.9% over the year in the third quarter, but up 3.3% on the previous quarter. This performance is better than that outlined in the baseline forecast scenario and is closer to that in the positive scenario. The statistics available so far show that the fall in GDP in Estonia in the third quarter was among the smallest in the European Union, but not much different from the results for other Northern European countries.

30.11.2020

In Q3, GDP in Latvia has dropped by 2.6%

Data compiled by the Central Statistical Bureau (CSB) shows that in the 3rd quarter of 2020, compared to the 3rd quarter of 2019, gross domestic product (GDP) decreased by 2.6 % (according to seasonally and calendar non-adjusted data). Over the nine months GDP has reduced by 4.3 %.

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