International Internet Magazine. Baltic States news & analytics
Friday, 28.11.2014, 18:49
Data compiled by the Central Statistical Bureau (CSB) show that, in the 3rd quarter of 2014, compared to the 2nd quarter of 2014, gross domestic product (GDP) at constant prices, according to seasonally adjusted data, grew by 0.5%, but, compared to the 3rd quarter of 2013, it has risen by 2.4%.
Keyword tags: Analytics, Economics, GDP, Latvia, Markets and Companies
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in III quarter 2014, GDP at current prices amounted to LTL 33 681 million (EUR 9 754.6 million). Compared to the same period of 2013, seasonally and working day adjusted, real GDP growth stood at 2.6%, compared to II quarter 2014 – at 0.5%.
When starting his official visit to Georgia yesterday, Latvian President Andris Berzins emphasized that this visit was a testimony of the friendship and mutual understanding that has developed between the two peoples and countries, LETA was informed by the Presidential Press Service.
If Russia completely closed all roads for goods and logistics from Lithuania, it would cost up to 4% of GDP to our economy, said Lithuanian Prime Minister Algirdas Butkevicius, adding that he does not believe in this worst-case scenario, writes LETA/ELTA.
Even though Russia's sanctions have continued for longer than anticipated and Lithuanian transport sector will incur losses, nonetheless it is yet too early to talk about the impact on Lithuania's gross domestic product (GDP) growth, says Head of Financial Markets at Danske Bank Giedre Geciauskiene, cites LETA/ELTA.
Latvia needs investments in transport and energy infrastructure that will increase the country's competitiveness, according Latvia released along with the European Commission's investment plan today, reports DPA/LETA.
Despite the importance of investments, in Lithuania they remain at a miserably low level, while the recent events made companies fear investment activities even more. Swedbank's senior economist Laura Galdikiene says that companies cut their investments because of fears, reports LETA/ELTA.