Economics

International Internet Magazine. Baltic States news & analytics Monday, 18.12.2017, 18:40

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Bank of Latvia raises GDP growth forecast for 2017 to 4.7%

Bank of Latvia raises GDP growth forecast for 2017 to 4.7%

18.12.2017

The Bank of Latvia has raised the GDP growth forecast for this year to 4.7% from 4.2%, Bank of Latvia Governor Ilmars Rimsevics told journalists on December 16th, informs LETA.

Keyword tags: Analytics, Economics, Financial Services, GDP, Latvia, Markets and Companies



The value added created in the sports sector in Lithuania decreased by 4.5% in 2016

The value added created in the sports sector in Lithuania decreased by 4.5% in 2016

15.12.2017

Statistics Lithuania informs that, based on provisional data, in 2016, against 2015, the value added created in the sports sector decreased by 4.5% and amounted to EUR 263.2 million, or 0.8% of the country’s gross value added. The largest negative influence on the change was made by a decrease in the value added generated by the enterprises engaged in manufacture of transport equipment and gambling and betting activities.

The share of the service sector has grown in all Estonian counties

The share of the service sector has grown in all Estonian counties

14.12.2017

According to Statistics Estonia, 64%, i.e. the majority of the value added generated in the Estonian economy in 2016 was created in Harju county. The share of the service sector continues to grow, having increased in 2016 by more than 2 percentage points in most counties.


New step made towards intensifying political, economic cooperation between Latvia, Japan

New step made towards intensifying political, economic cooperation between Latvia, Japan

08.12.2017

A new step has been made towards intensifying political and economic cooperation between Latvia and Japan, Latvian Prime Minister Maris Kucinskis (Greens/Farmers) said during the meeting with Ken Matsuzawa, President of the International Friendship Exchange Council (FEC) of Japan, cites LETA.

Latvia shows one of the fastest economic growths in EU in Q3

Latvia shows one of the fastest economic growths in EU in Q3

08.12.2017

During the third quarter of 2017, Latvia showed one of the fastest gross domestic product (GDP) growths against the same period last year in the EU, according to revised data on 26 EU member states, released by Eurostat on December 7th, cites LETA.


07.12.2017

Swedbank Baltic Report: it's time to invest in boosting long-term growth potential

It is the right time now to invest in boosting long-term growth potential, Swedbank says in its latest Baltic Sea Region Report. "The upswing in global growth has lifted the Baltic See region’s economies to their cyclical peaks. Growth will slow, but there are at least a few good years of strong growth down the road. Geopolitics and a resurgence of populism are the key risks. Strong growth is the time to reform, correct for imbalances, and invest in boosting long-term growth potential," the authors of the report note, cites LETA.

05.12.2017

MFA: first year of Latvia's OECD membership is to be rated positively

The first year of Latvia's membership in the Organization for Economic Cooperation and Development (OECD) is to be rated positively, Andris Pelss, Under Secretary of State of the Latvian Foreign Ministry, said at the regular coordination meeting on Latvia's activities in the OECD on December 4th, cites LETA.

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