International Internet Magazine. Baltic States news & analytics
Sunday, 07.02.2016, 03:15
The European Commission expects the Estonian economy to grow 2.1% in 2016 and 2.3% the next year, it appears from the newly-released winter 2016 economic forecast. Economic growth in Latvia is estimated to have picked up to 2.7% in 2015 supported by better-than-expected investment and construction volumes, informs LETA/BNS.
Keyword tags: Analytics, Economics, Estonia, EU – Baltic States, Financial Services, Investments, Latvia
The European Commission estimates that Lithuania's GDP grew by 1.6% in 2015 and forecasts that the country's economic growth will accelerate to 2.9% in 2016 and to 3.4% in 2017, informs LETA/BNS.
The ambassadors of Western countries in Kiev have expressed their regret over the recent resignation of Ukraine's Economic Development and Trade Minister Aivaras Abromavicius, praising him for his effort of fighting corruption and implementing reforms necessary for Ukraine's economy, reports LETA/BNS.
The board of the center-right Unity party in Latvia on February 1st nominated the party’s candidates to three ministerial posts in the new government, informs LETA.
The presently visible risks of unbalanced economic development might threaten economic growth in the future, LETA learned from the Latvian Fiscal Discipline Council.
Lithuania rose two notches from last year to rank 13th out of 186 countries worldwide in the 2016 index of economic freedom released by the US-based think tank Heritage Foundation and the Wall Street Journal. Estonia is ahead of its neighbours with 9th place, informs LETA/BNS.
The Latvian economy continued to grow in 2015 despite a tense geopolitical situation in the region, Janis Salmins, vice-director of the structural policy department of the Economics Ministry, told LETA.