International Internet Magazine. Baltic States news & analytics
Saturday, 04.07.2015, 11:27
In 2014, higher education and general government sectors spent EUR 260.5 mln. on research and experimental development (R&D), writes LETA/ELTA.
Keyword tags: Baltic, Education and Science, GDP, Lithuania
Latvia's GDP growth this year will be at 2.6%, a bit less than the previous forecast of 2.9%, according to the latest Ernst & Young's (EY) Eurozone Economic Forecast, reports LETA.
Estonian central bank Eesti Pank forecasts that in 2015 the Estonian economy will grow by 2.2%, next year by 3.1% and in 2017 by 3.6%, LETA/Postimees Online reports.
The Bank of Lithuania forecasts that in 2015, due to the worse situation of exporters, the country's GDP will grow 2%. The previous forecast was 2.7%. Next year, economic development is projected to accelerate to 3.4% (the previous projection was 3.5%), informed BC press service of the Bank of Lithuania.
Latvia's economy grew by 2% in the first quarter of the year 2015, when compared to the same quarter last year, which was the 12th largest growth in the EU, reports LETA, according to Eurostat.
According to the second estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 1.1% in the 1st quarter of 2015 compared to the 1st quarter of the previous year.
The Bank of Latvia says Latvia's GDP growth forecast for the year 2015 remains at 2%, while the inflation forecast has been reduced to 0.7%, reports LETA.