International Internet Magazine. Baltic States news & analytics
Monday, 01.09.2014, 21:36
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in II quarter 2014, GDP at current prices amounted to LTL 31 315 million (EUR 9 069.5 million). Compared to the same period in 2013, real GDP growth, seasonally and working day adjusted, stood at 3.1%, compared to I quarter 2014 – 0.8% (compared to the same period in 2013, seasonally and working day unadjusted, GDP increased by 3.3%, compared to I quarter 2014, increased by 8.4%).
Keyword tags: Analytics, Economics, GDP, Lithuania, Markets and Companies
Ministry of Finance compiled a new economic growth outlook for Estonia, according to which in 2014 the growth would reach 0.5% and in 2015 2.5%, writes LETA/Delfi.ee.
The still-to-be-published autumn economic outlook compiled by Estonian Ministry of Finance predicts that 2014 year’s economic growth will be 0.5% and next year 2.5%, writes LETA/National Broadcasting.
According to a new economic outlook for the Nordic countries and Estonia compiled by SEB, Estonia’s GDP will grow by 0.5% in 2014, writes LETA/Postimees Online. Swedbank downgraded the growth outlook to 0.8%.
Swedbank has cut Latvia's economic growth forecast to 2.5% in 2014, reports LETA/Nozare.lv.
Based on calculations carried out by financial institution of Dutch origin ING Group, restrictions imposed by Russia on 7 August on food products imported from the European Union may cost the EU USD 6.7 billion (EUR 5.0 billion) per year, writes LETA/ELTA, referring to the website RBC Daily.
If Russia decided to terminate all of its agreements with Latvia, including on energy supply, Latvia's gross domestic product would suffer a 10% reduction, Prime Minister Laimdota Straujuma (Unity) said in an interview with Latvian State Radio today, cites LETA.