International Internet Magazine. Baltic States news & analytics
Wednesday, 02.09.2015, 17:49
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.
Keyword tags: Analytics, Economics, Export, Financial Services, Lithuania, Markets and Companies
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.
Today, Latvian President Andris Berzins met with the Latvian Ambassador to the United States Andris Razans to discuss bilateral relations and areas of cooperation between Latvia and the United States which are currently of great significance for both countries, LETA was informed by the Presidential Press Service.
Lithuanian-Polish interconnector LitPol will face limited export capacity from Poland to Lithuania in its first years of operation because of a lack of infrastructure on the Polish side, reports LETA/ELTA, referring to argusmedia.com.
According to the second estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 2.2% in the 3rd quarter of 2014 compared to the 3rd quarter of the previous year.