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Thursday, 21.08.2014, 11:13
On 19 August, the Cabinet of Ministers considered the report with information on the course and status of implementation of OECD policy guidelines from July 2013 to June 2014 and the process of Latvia’s accession to the Organisation for Economic Cooperation and Development, reports Latvian MFA.
Keyword tags: Economics, Latvia, Legislation, Markets and Companies
In July 2014, 17% of the polled stated that within the last two months economic situation improved in Lithuania, 56% said that it remained unchanged, while 23% indicated that economic situation worsened. 4% of respondents had no opinion on the matter, informs LETA.
The budget for 2014 will not be amended, Finance Minister Andris Vilks (Unity) said in an interview with the LNT show "900 sekundes" this morning, informs LETA/Nozare.lv.
Latvia's economic growth in 2014 could reach 3.5%, according to the Economy Ministry's report on the macroeconomic situation in the country, cites LETA/Nozare.lv.
Latvia registered the fastest economic growth in the European Union in the second quarter as compared to the first quarter of the year, whereas year-on-year Latvia had the second fastest economic growth among the EU member states for which data are available, according to the latest Eurostat report, cites LETA.
Minister of Agriculture in Lithuania Virginija Baltraitiene does not deny that Russia's embargo on Lithuanian food products may cause prices to drop. However, she said that even though this would be beneficial for consumers it would not be for the country's economy, reports LETA/ELTA.
In the 2nd quarter of 2014 as compared to the 2nd quarter of 2013 Gross Domestic Product (GDP) volume (seasonally unadjusted data) increased by 2.5%, according to the flash estimate of the CSB.