Economics

International Internet Magazine. Baltic States news & analytics Tuesday, 23.05.2017, 23:34

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The percentage of job seekers in Latvia dropping faster than last year

The percentage of job seekers in Latvia dropping faster than last year

23.05.2017

According to the survey data of the Central Statistical Bureau, the unemployment level has been dropping ever faster since the beginning of 2016.

Keyword tags: Analytics, Banks, Construction, Economics, Labour-market, Latvia



Inflation in Latvia was still high in April but will decrease soon

Inflation in Latvia was still high in April but will decrease soon

16.05.2017

In April, the annual inflation rate remained unchanged (3.4%), marking the first time in eight months without climbing inflation.

Heating Swedish real estate market a risk for banks in Lithuania

Heating Swedish real estate market a risk for banks in Lithuania

15.05.2017

The overheating real estate market in Sweden poses a risk to Swedish-capital banks in Lithuania, Stefan Ingves, governor of Sweden's central bank Riksbank, says to LETA/BNS adding that collapse of real estate prices would cause problems for the entire Nordic and Baltic region.


Spring 2017 economic forecast for the European Union

Spring 2017 economic forecast for the European Union

15.05.2017

The European economy has entered its fifth year of recovery for all EU member states. The Commission predicted that recovery would continue in the years to come. Spring-17 forecast recently published has shown GDP growth rate at 1,7-1,8% during 2017-18 in the euro-zone area. GDP growth in the EU-28 is expected to remain constant at 1.9% during these two years.

The number of Estonian residents travelling to warm countries rose in the first quarter

The number of Estonian residents travelling to warm countries rose in the first quarter

12.05.2017

There were more than one million visits to Estonia by foreign residents in the first quarter of 2017, which was 6% more than in the same quarter of 2016. The biggest increase was in the number of tourists from Russia, who made 22,000 more visits to Estonia than a year before. The number of visitors from Russia who stayed overnight was up 14%. They accounted for one fifth of the total number of overnight visits, which is the largest share for three years.


11.05.2017

Manufacturing in Latvia continues to underpin economic growth

At the end of the first quarter, manufacturing has once again posted growth. Thus, in the first quarter of 2017, manufacturing output increased by 6.7% year-on-year, which is a very good result and a crucial contribution to accelerating gross domestic product (GDP) growth.

10.05.2017

Shadow economy in Latvia at 20.3% of GDP in 2016

The proportion of shadow economy in Latvia was 20.3 % of the country's gross domestic product last year, which is one percentage point less than in 2015, according to study Shadow Economy in the Baltic Countries 2009-2016 writes LETA.

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