Economics

International Internet Magazine. Baltic States news & analytics Friday, 30.01.2015, 02:23

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Rimsevics: measures should be taken to warm Latvian economy up

Rimsevics: measures should be taken to warm Latvian economy up

29.01.2015

The economy of Latvia is cooling, therefore specific measures need to be implemented in order to "warm it up", the Bank of Latvia President Ilmars Rimsevics said in an interview with the LNT show "900 sekundes" this morning, informs LETA.

Keyword tags: Analytics, Baltic States – CIS, Economics, GDP, Latvia, Markets and Companies



Rõivas to Gurria: OECD recommendations coincide with Estonian government policy

Rõivas to Gurria: OECD recommendations coincide with Estonian government policy

29.01.2015

At his meeting with Jose Angel Gurria, Secretary-General of the OECD, on Wednesday in Tallinn, Estonian Prime Minister Taavi Rõivas stated that the growth in productivity and lowering labour taxes that are highlighted in the OECD report are also an important part of Estonian Government policy, reports BC the Government Communication Unit.

Latvia still behind the neighbors in economic freedom index 2015

Latvia still behind the neighbors in economic freedom index 2015

28.01.2015

Latvia is ranked 37th in terms of economic freedom worldwide, according to the 2015 Index of Economic Freedom by the "Heritage Foundation" think tank and "The Wall Street Journal".


Quantitative easing in Europe: effect for Baltics’ economy

Quantitative easing in Europe: effect for Baltics’ economy

27.01.2015

The European Central Bank announced recently a large program of quantitative easing (QE), involving a purchase of over €1 trillion of assets (mainly government bonds) in the euro-zone countries. It’s a huge change from a conservative ECB’s position in monetary policy with possible strong effect for economy and business in the three Baltic States.

Swedbank: geopolitical tensions in the East will continue to affect Lithuania's economy in 2015

Swedbank: geopolitical tensions in the East will continue to affect Lithuania's economy in 2015

27.01.2015

Continuing geopolitical tensions in the East will continue to affect Lithuania's economy in 2015, says Nerijus Maciulis, Chief Economist of bank Swedbank. According to him, Lithuania's export to Russia will fall by at least 10%. Therefore, Lithuania's Gross Domestic Product (GDP) will grow less than projected earlier, 2.3%, reports LETA/ELTA.

27.01.2015

Swedbank reduces Latvia's growth forecast for 2015 to 1.9%

Swedbank has reduced Latvia's GDP growth forecast for the year 2015 to 1.9%, reports LETA.

27.01.2015

Swedbank cuts Estonia's economic growth forecast for 2015

Swedbank announced in its fresh economic outlook on Tuesday that Estonia's economic growth forecast in 2015 was revised down to 2% from 2.5% it had forecast in November 2014, reports LETA.

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