International Internet Magazine. Baltic States news & analytics
Tuesday, 25.10.2016, 04:19
Some 29.3% of the Lithuanian population were at risk of poverty or social exclusion in 2015, which is the one of the highers numbers in Europe, figures from the EU statistical office Eurostat showed on Monday. The number declined by 1 ppt from 2008, writes LETA/BNS.
Keyword tags: Analytics, Economics, EU – Baltic States, Society, Statistics
The European Investment Fund (EIF) and Latvian development finance institution Altum have signed an InnovFin SMEG agreement to enhance access to finance to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Latvia, reports LETA.
According to the data of the Central Statistical Bureau, the consumer price level in September was by 0.5% higher month-on-month and by 0.6% higher year-on-year. This dynamic in part resulted from last year's developments, for instance, in the second half of 2015, the drop in energy prices in the world market intensified and thus, against the backdrop of these prices, the current energy prices are not much lower. That is, their negative contribution to the 12-month inflation has considerably diminished. However, several inflation-raising factors are at work this September, mostly on the supply side.
Danish parliament (Folketinget) hosted recently an inter-parliamentary meeting of the European Forum for Renewable Energy Sources (EUFORES). Commission Vice-President, Maroš Šefčovič responsible for Energy Union delivered Commission’s vision on the EU energy transition, including its efficiency and use of renewables.
Next year, Latvia's budget revenues are projected at EUR 8.066 bln, while expenditures are expected to reach EUR 8.367 bln, the Finance Ministry informed LETA.
Latest data of the Central Statistical Bureau (CSB) show that during the year (in September 2016, compared to September 2015) the average level of consumer prices increased by 0.6%. Prices of goods decreased by 0.3%, while prices of services grew by 2.8%.
Latvia is going to tumble into "a huge tax pit" in 2017 due to introduction of minimum social insurance contributions for employees which will mean a rise in labor costs, financial expert Agnese Pastare, the owner of PB Finanses accounting company, warned in an open letter to the Latvian top state officials, lawmakers, ministries and business organizations.