International Internet Magazine. Baltic States news & analytics
Tuesday, 01.12.2015, 18:28
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.
Keyword tags: Analytics, Export, Financial Services, Inflation, Latvia, Markets and Companies
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.
The prices for sawlogs, pulpwood, wood chips, pellets and lumber in Q2 of 2015 from around the world fell, reports BC Hakan Ekstrom from the Wood Resources International LLC.
Falling stocks in China and other emerging markets will not have a major direct impact on Lithuania, whose export to India, China and the Southeast Asia amounts to less than 1% of the total export. What will pose more problems is the decreasing purchasing power in Russia and other countries of the Commonwealth of Independent States, writes LETA/ELTA.
Except for the drop recorded in 2009 following the financial crisis, the value of European Union (EU) imports of goods from China has significantly increased over the last decade, from EUR 129.2 bln. in 2004 to a peak of EUR 302.5 bln. in 2014, reports LETA/ELTA.
According to Statistics Estonia, in May 2015, the producer price index of industrial output changed by -0.1% compared to April 2015 and by -2.1% compared to May 2014.
Today, PM Laimdota Straujuma (Unity) received a farewell visit from Israeli Ambassador to Latvia Hagit Ben-Yaakov, and indicated that the trade volume between both countries since 2008 has increased threefold, reported LETA.