Economics

International Internet Magazine. Baltic States news & analytics Tuesday, 02.06.2020, 14:25

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Coalition in Latvia earmarks EUR 2 bn for overcoming Covid-19 crisis

Coalition in Latvia earmarks EUR 2 bn for overcoming Covid-19 crisis

01.06.2020

In the next couple of years EUR 2 billion will be made available for dealing with the Covid-19 crisis and fueling the economic recovery, Prime Minister of Latvia Krisjanis Karins (New Unity) told journalists following the weekly coalition meeting today., informs LETA.

Keyword tags: Analytics, Covid-19, Economics, Financial Services, Investments, Latvia, Markets and Companies



Head of Baltic Pensions at Luminor: Impact of crisis on economy, markets unpredictable

Head of Baltic Pensions at Luminor: Impact of crisis on economy, markets unpredictable

01.06.2020

Major economic crises do not have a specific pattern that can help easily predict future developments and market movements, which makes it difficult to assess the impact of the coronavirus crisis and the pace of market recovery, Rasmus Pikkani, head of Baltic Pensions at Luminor, said at a pension-related web seminar cited LETA/BNS.

Latvian GDP contracts 1.5% in Q1

Latvian GDP contracts 1.5% in Q1

29.05.2020

Data compiled by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2020, compared to the 1st quarter of 2019, gross domestic product (GDP) decreased by 1.5% (according to seasonally and calendar non-adjusted data). In the 1st quarter GDP at constant prices was EUR 6.8 bn.


In Q1, GDP in Estonia fell by 0.7%

In Q1, GDP in Estonia fell by 0.7%

29.05.2020

According to Statistics Estonia, in the 1st quarter of 2020, the gross domestic product (GDP) fell by 0.7% compared to the 1st quarter of 2019. The GDP at current prices was 6.5 billion euros.

Swedbank Nordic Baltic Business Report: Well prepared to take on the challenge

Swedbank Nordic Baltic Business Report: Well prepared to take on the challenge

26.05.2020

The Nordic and Baltic economies will be hard hit by the Covid-19-induced shock due to their small size and relative openness. Strong economic fundamentals and a timely reaction to the health crisis ensure that the countries are in an advantageous position to take on the challenge. The crisis gives a chance to push for bolder and greener policies, as well as advance reforms aimed at streamlining the growing public sector and further tailoring the economy and human capital to the digital post-corona world.


19.05.2020

Estonia: The crisis hit the service sector when it was at a peak

Employment was 1.3% higher in the first quarter of 2020 than a year earlier, and active participation in the labour market was increasing. The growth in employment last year and in

19.05.2020

Lithuania to invest EUR 6.3 b in its economy in a year and a half

The Lithuanian government intends to invest 6.3 billion euros in the post-coronavirus economy by the end of 2021, 1.8 billion euros more than planned earlier, Finance Minister Vilius Sapoka said LETA/BNS.

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