International Internet Magazine. Baltic States news & analytics
Friday, 18.04.2014, 23:44
On Thursday, by adopting the Law on the Euro Adoption, as well as secondary legislation, the Parliament of Lithuania (Seimas) has established the legal basis to introduce the new currency in Lithuania, reports LETA/ELTA.
Keyword tags: EU – Baltic States, Financial Services, GDP, Legislation, Lithuania
Statistics Lithuania informs that, based on provisional data, in 2013, the value added per hour actually worked in the whole economy amounted to, on average, LTL 45.32 at current prices, which is by LTL 1.96 more than in 2012. The gross value added per person employed amounted to LTL 83 447.
Slow economic growth has had a visible impact on the labour market, Estonia's central bank Eesti Pank said in its fresh labour market review on Wednesday, informs LETA.
The Latvian economy could grow 3.8% in 2014, which would be the fastest growth among all eurozone countries, the International Monetary Fund said in an upgraded forecast on Tuesday, cites LETA/AFP. The Estonian economy will grow 2.4%
Swedbank has cut Latvia's economic growth forecast to 3% this year, as the bank's chief economist Lija Strasuna said when presenting the latest Swedbank economic review. Economic growth forecast for Estonia for this year is 1.8%, reports LETA/Nozare.lv.
Experts from the Swedish bank SEB, which also operates in the Baltics, have reduced economic growth forecasts for all three countries in 2014, pointing out that Estonia is expected to have the slowest growth, reports LETA.
The Bank of Latvia keeps the gross domestic product growth forecast for Latvia unchanged at 4%, according to the central bank's review of macroeconomic developments that was released yesterday, reports LETA.