International Internet Magazine. Baltic States news & analytics
Sunday, 23.11.2014, 22:54
Despite Russia's embargo and the complicated situation in top export markets, Lithuanian economic growth in 2014 will be among the fastest in the EU member states, writes LETA/ELTA.
Keyword tags: Analytics, Baltic States – CIS, Economics, GDP
Latvia registered the sixth highest economic growth in the European Union (EU) in the third quarter, and eighth highest growth year-on-year, according to latest data published by Eurostat, cites LETA.
The majority (67%) of Latvian business owners say that Russia's trade embargo has not affected their business, according to the latest "Citadele Index" study, cites LETA.
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 2.1% in the 3rd quarter of 2014 compared to the 3rd quarter of 2013.
Consumption and manufacturing support Estonia's GDP growth, Estonian central bank Eesti Pank said in comment to the fresh third quarter economic growth data, informs LETA.
The government of Latvia decided yesterday that in structuring the 2015 state budget, the budget deficit must not exceed 1% of gross domestic product (GDP), reports LETA.
Commenting on the September's forecast by the Bank of Lithuania where the economic growth of the country was reduced, Lithuanian Prime Minister Algirdas Butkevicius said that the economic situation has been deteriorating not only in Lithuania but also in many other member-states of the European Union, cites LETA/ELTA.