International Internet Magazine. Baltic States news & analytics
Tuesday, 10.12.2013, 14:48
Latvia will most likely be the fastest growing economy in the European Union this year as well, the Finance Ministry predicts, informs LETA/Nozare.lv.
Keyword tags: Analytics, Economics, EU – Baltic States, GDP, Latvia
On 9 December, Foreign Minister Edgards Rinkevics and Deputy Secretary-General of the OECD William C. Danvers opened a seminar for all the Latvian institutions concerned and representatives from the OECD Directorates, in which the OECD provided detailed information to the Latvian side on negotiations for accession to the Organisation, informs BC Latvian MFA/the Latvian Institute.
Data compiled by the Central Statistical Bureau of Latvia indicate that, in the 3rd quarter of 2013, Gross Domestic Product (GDP) at current prices comprised LVL 4.3 billion (EUR 6.1 billion).
According to the second estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 0.7% in the third quarter of 2013 compared to the same quarter of the previous year.
Address by the President of the Republic of Uzbekistan H.E. Mr. Islam Karimov at the Grand Ceremony Dedicated to the 21st Anniversary of Adoption of the Constitution of the Republic of Uzbekistan, given to BC by the Embassy of Uzbekistan in Latvia.
At the 2013 euro-summit in Brussels, Olli Rehn, Vice-President of the European Commission responsible for economic/monetary affairs and the euro, underlined conditions that would lead to “consolidating the return to growth”. Commissioner shared his views on progress achieved over the last year in the euro area and revealed existing challenges.
Compared to the respective period in 2012, Latvia recorded the second fastest economic growth in the European Union in the third quarter of 2013, according to the latest data from the EU's statistical office Eurostat. Romania displayed the fastest economic growth year-on-year – 4.1%, followed by Latvia – 3.9%, and Lithuania – 2.3%, informs LETA.