International Internet Magazine. Baltic States news & analytics
Wednesday, 20.08.2014, 13:42
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.
Keyword tags: Baltic States – CIS, Energy, GDP, Latvia, Markets and Companies, Transport
Latvia's economic growth in 2014 could reach 3.5%, according to the Economy Ministry's report on the macroeconomic situation in the country, cites LETA/Nozare.lv.
Latvia registered the fastest economic growth in the European Union in the second quarter as compared to the first quarter of the year, whereas year-on-year Latvia had the second fastest economic growth among the EU member states for which data are available, according to the latest Eurostat report, cites LETA.
Estonian Finance Minister Jürgen Ligi stated on Monday that the Estonian economy is doing well, but 2015 year's public sector wage increase will be more modest than in 2014, LETA/Public Broadcasting reports.
In the 2nd quarter of 2014 as compared to the 2nd quarter of 2013 Gross Domestic Product (GDP) volume (seasonally unadjusted data) increased by 2.5%, according to the flash estimate of the CSB.
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 2.2% in the 2nd quarter of 2014 compared to the same quarter of 2013.
Lithuanian Prime Minister Algirdas Butkevicius addresses Government's spending in 2015, informs LETA/ELTA.