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Thursday, 28.08.2014, 06:06
Latvian forest industry's export continued to increase during the first five months this year, amounting to EUR 845.358 million as compared to EUR 761.891 million in the same period of 2013, informs NOZARE.LV/LETA reffering to data from the Agriculture Ministry's Forest Department.
Keyword tags: Agriculture, Export, Good for Business, Latvia
The Russian Federal Service for Veterinary and Phytosanitary Surveillance Service Rosselkhoznadzor announced on Thursday supposed quality deficiencies in Latvian fish and powdered milk, informs LETA.
The forecast of consultation and auditing bureau Ernst&Young and Oxford Economics, made public on Thursday, predicts Estonia 2.5% economic growth in 2014, LETA/Postimees Online reports.
In 2013, increase of domestic demand in Lithuania – private consumption and investment – is more rapid than it was expected, and it compensates decreasing influence of export; therefore, the Bank of Lithuania adheres to the previous GDP growth projections, the Bank of Lithuania said in a statement, cites LETA.
Swedbank economists have retained Latvia's economic growth forecast for this year at 4.3%; Latvia's GDP growth forecast for the year 2014, however, has been lowered from 4.7% to 4.3%, according to the bank's latest economic outlook, informs LETA/Nozare.lv.
SEB lowered Estonia's economic forecast for the current year from 1.5% to 1.3%, SEB said in a statement, informs LETA. The economic growth expectation for next year dropped from 3.3% to 2.6%; this is a result of decreasing investments and weak export growth.
In its latest Economic Outlook, Nordea indicates that in the first six months of 2013, the projections made have proven to be true – once again, local demand will, for some time, be the key driver for growth in the Latvian economy, and this year economic growth will be slightly below 4%, informs BC Signe Lonerte, public relations specialist at Nordea Latvija.