International Internet Magazine. Baltic States news & analytics
Tuesday, 03.05.2016, 04:08
In 2015, Estonia's economic growth was the slowest of the past six years, remaining below the long-term potential of the country, the Bank of Estonia said in its economic overview on April 6th, cites LETA/BNS.
Keyword tags: Analytics, Economics, Estonia, EU – Baltic States, Export, Markets and Companies
The European Commission (EC) hopes to reopen, in the nearest time, discussions with Russia on the resumption of exports of certain food products, including milk, to Russia, Vytenis Andriukaitis, the Commission’s member in charge of health and food safety, has said on the AgroBalt 2016 in Kaunas, cites LETA/BNS.
Lithuania’s economy will grow at the slowest pace in the Baltic countries this year. However, the country should outpace Estonia in terms of gross domestic product (GDP) growth in 2016 and should then overtake Latvia in 2017, Danske Bank, the second-biggest financial group in Northern Europe by assets, projects, cites LETA/BNS.
Danske Bank estimates the growth of the Estonian economy in the outgoing 2015 year at 1.6% and predicts that growth will accelerate to 2.7% next year and 2.9% in 2017, reports LETA/BNS.
According to Nordea bank analysts, Latvia's gross domestic product (GDP) growth will be at around 3% in 2016, informs LETA.
Inflation in 2015 may not reach the previously forecast 0.8%, as representatives of Latvian Finance Ministry said during yesterday’s meeting of the Saeima Economic, Agricultural, Environmental and Regional Policy Committee, reports LETA.
The first estimate for euro area exports of goods to the rest of the world in August 2015 was EUR 148.3 billion, an increase of 6% compared with August 2014 (EUR 140.5 billion). Imports from the rest of the world stood at EUR 137.1 billion, a rise of 3% compared with August 2014 (EUR 133.1 billion). As a result, the euro area recorded a EUR 11.2 billion surplus in trade in goods with the rest of the world in August 2015, compared with a EUR 7.4 billion surplus in August 2014, writes LETA/ELTA.