International Internet Magazine. Baltic States news & analytics
Saturday, 30.05.2015, 13:15
Data compiled by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2015, compared to the 4th quarter of 2014, gross domestic product (GDP) at constant prices, according to seasonally adjusted data, rose by 0.3%. But, compared to the 1st quarter of 2014, GDP increased by 2.0%.
The European Commission has opened a public consultation to collect views from citizens and businesses on the main policy options for developing an ambitious new approach on the “circular economy”. Stakeholders' input will help feed the preparation of the new European action plan, to be presented by the end of the year; the consultation will run until 20 August 2015.
The importance of exports in services for Lithuanian trade has been growing in recent years, and with the growth of the need for analytical information on this sector, the Bank of Lithuania updated the published country's balance of payments statistical data and from now on it will publish information in accordance with the countries that are Lithuania's key partners in the service trade, the central bank said in a statement, cites LETA/ELTA.
The Finance Ministry projects that Latvia's GDP will increase by 2.1% in 2015, while the inflation rate is forecast at 0.4%, informs LETA.
For the Estonian economy as a whole, financing new investments with government bonds would most likely have been ineffective and counterproductive, even if the projects are good, said Ardo Hansson, president of the Bank of Estonia, LETA/Public broadcasting reports.
Employment will be growing slowly in Latvia in 2015, with the total number of employed persons increasing just 0.2%, the Economy Ministry says in its latest report "On the Macroeconomic Situation in the Country", informs LETA.
Latvia's gross domestic product may grow 2% in 2015, and inflation may reach 0.5%, the Economy Ministry predicts, cites LETA.