Economics

International Internet Magazine. Baltic States news & analytics Saturday, 24.06.2017, 18:51

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Bank of Lithuania: Prices driven by growing global prices, inflation to slow down in 2018

Bank of Lithuania: Prices driven by growing global prices, inflation to slow down in 2018

19.06.2017

Prices in Lithuania are this year driven by global tendencies – growing prices for oil and food, analysts of the central Bank of Lithuania say, projecting a slow-down in the pace of inflation next year, writes LETA/BNS.

Keyword tags: Analytics, Banks, Economics, Financial Services, Inflation, Lithuania



Economic growth in Estonia will get a boost from the need to invest in increasing productivity

Economic growth in Estonia will get a boost from the need to invest in increasing productivity

14.06.2017

Growth in the economy has picked up sharply as foreign demand has increased and the problems in certain individual sectors have eased. Cyclical indicators show the economy is currently growing at a rate that is faster than it can sustain over the long term. As growth is rapid and broadly based and unemployment is low, public sector spending funded by a budget deficit would increase volatility in the economy and damage the long-term growth prospects. Growth in investment gives hope that the earlier economic growth based on rising employment will be replaced by growth based on productivity, which will also help balance stresses in the labour market.

The manufacturing sector in Latvia continues on an upward trend

The manufacturing sector in Latvia continues on an upward trend

13.06.2017

The manufacturing sector continued on an upward trend also in April 2017.


Inflation in Estonia picked up a little in May

Inflation in Estonia picked up a little in May

09.06.2017

he immediate impact of the higher oil price on consumer prices has eased. Faster GDP growth will encourage inflation this year in Estonia and in the other countries of the euro area. Inflation will remain high until the end of the year

Prices for consumer goods and services in Lithuania decreased by 0.1%

Prices for consumer goods and services in Lithuania decreased by 0.1%

09.06.2017

Statistics Lithuania informs that in May 2017, against April, prices for consumer goods and services decreased by 0.1%. The overall price change in consumer goods and services was mainly influenced by a decrease in prices for vegetables, fuels and lubricants, heat energy, other appliances, articles and products for personal care, as well as by an increase in prices for fruit, footwear, package holidays, spirits and clothing (see Table 3).


06.06.2017

Economic and Financial Affairs Council’s decisions on taxation and finances

At the recent Economic and Financial Affairs Council some decisions were taken for a new system to resolve double-taxation disputes, improve business environment and the common corporate tax base. The Council also discussed Commission report on accelerating the EU's capital markets union and removing national barriers to the free movement of capital together with the proposal on transposition of the Fiscal Compact into national law.

02.06.2017

Economic Growth Gathers Momentum

Economic growth in Latvia is gathering momentum, and in the first quarter gross domestic product (GDP) grew by 4% year-on-year (at constant prices; according to both seasonally adjusted and unadjusted data). Consequently, Latvia is presently recording the fastest pace of growth over last five years.

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