Economics

International Internet Magazine. Baltic States news & analytics Tuesday, 21.08.2018, 01:08

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Most entrepreneurs in Latvia blame shadow economy on high taxes – survey

Most entrepreneurs in Latvia blame shadow economy on high taxes – survey

20.08.2018

Most entrepreneurs in Latvia, or 56%, believe that excessively high taxes are the main factor fueling shadow economy, informs LETA referring to the Latvian Alternative Financial Services Association.

Keyword tags: Economics, Latvia, Legislation, Shadow economy, Taxation



Temporary and part-time jobs on the rise in the EU

Temporary and part-time jobs on the rise in the EU

14.08.2018

According to Eurostat data, the possibility of finding a permanent job decreased slightly between 2002 and 2017, as the share of temporary employees in the EU increased from 11% in 2002 to 13% in 2017.

In euro area industrial production down by 0.7% in June 2018

In euro area industrial production down by 0.7% in June 2018

14.08.2018

In June 2018 compared with May 2018, seasonally adjusted industrial production fell by 0.7% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.


GDP up by 0.4% in both euro area and EU28

GDP up by 0.4% in both euro area and EU28

14.08.2018

Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the second quarter of 2018, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.

Construction output in Latvia grew by 31.6% in the 2nd quarter of 2018

Construction output in Latvia grew by 31.6% in the 2nd quarter of 2018

13.08.2018

The latest data compiled by the Central Statistical Bureau (CSB) of Latvia show that, compared to the 2nd quarter of 2017, in the 2nd quarter of 2018 construction output increased by 31.6% (according to calendar adjusted data at constant prices).


13.08.2018

By 2030, China will be 1.9 times larger than the USA and India in terms of GDP at PPP – Euromonitor International

Euromonitor International, the world’s leading provider of strategic market research and data analysis, has recently released a report “Why Economy, Finance and Trade Insights Matter for Business Strategy” on changing global economic landscape.

13.08.2018

Fitch revises Lithuania's rating outlook from stable to positive

Fitch Ratings has revised the outlook on Lithuania's long-term foreign-currency credit rating from stable to positive, informs LETA/BNS referring to the Finance Ministry of Lithuania.

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