International Internet Magazine. Baltic States news & analytics
Saturday, 29.08.2015, 15:38
Prime Minister of Lithuania Algirdas Butkevicius says the decision over possible pension raise from January 2016 will be made taking into consideration economic indicators of the fourth quarter of 2015 and tendencies for the next year, informs LETA/ELTA.
Keyword tags: Analytics, Economics, Financial Services, Legislation, Lithuania, Pensioners
Falling stocks in China and other emerging markets will not have a major direct impact on Lithuania, whose export to India, China and the Southeast Asia amounts to less than 1% of the total export. What will pose more problems is the decreasing purchasing power in Russia and other countries of the Commonwealth of Independent States, writes LETA/ELTA.
Latvian Prime Minister Laimdota Straujuma (Unity) has been invited to attend World Economic Forum 2016 in Davos, reports LETA.
As the first-quarter economic growth was much lower than expected, Swedbank adjusted the year-on-year GDP growth slightly downward, writes Äripäev.ee/LETA.
The new “economic adjustment” program for Greece is aimed at restoring fiscal sustainability, safeguarding financial stability, enhancing competitiveness and growth, as well as modernising the country’s state and the public administration. For the first time in the EU’s history enormous financial support has been rendered for a single member state: since 2011 – € 268 billion, including € 86 bln this August! IMF’s share was € 50bln.
Swedbank has raised the economic growth projection for Latvia to 2.1% in 2015, reports LETA.
Seasonally adjusted GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the second quarter of 2015, compared with the previous quarter. In the first quarter of 2015, GDP grew by 0.4% in both areas, reports LETA/ELTA, referring to Eurostat, the statistical office of the European Union (EU).