International Internet Magazine. Baltic States news & analytics
Wednesday, 01.04.2015, 19:32
Gradual economic recovery continues in Central European and Baltic countries despite the Russia-Ukraine conflict in 2015, Russia's food embargo, and the economic downturn in Russia, according to "Eastern European Outlook" published by SEB banka, informs LETA.
Keyword tags: Analytics, Baltic States – CIS, Economics, EU – Baltic States, GDP
Fuel traders Statoil Fuel&Retail Latvia, Orlen Latvija Ltd. and Neste Latvija were the largest taxpayers in Latvia in 2014, as the State Revenue Service's Communication Department informed LETA.
Upon completion of its two-week mission in Lithuania, the International Monetary Fund (IMF) said that it supports the Government's intentions to liberalise the Labour Code, reports LETA/ELTA.
According to the Ministry of Finance, central government debt at the end of February 2015 stood at EUR 13.658 billion and accounted for 36.5% of the projected 2015 GDP (EUR 37.374 billion), writes LETA/ELTA.
Old-age pensions will increase by 6.3% in Estonia starting April 1, 2015 due to the new pension index; the average monthly pension will be 375 euros, LETA/Public Broadcasting reports.
Statistics Lithuania informs that an annual publication Results of the Farm Structure Survey 2013 in Lithuania has been released.
The latest Eurobarometer survey on gender equality has revealed that 49% of the polled Lithuanians claim that gender inequality is widespread in Lithuania (54% among female respondents). Lithuanians believe that the social areas were gender stereotypes are mostly widespread are at work (37%), in the media (28%) and in politics (24%), informs LETA/ELTA.
According to Statistics Estonia, in February 2015, the production of industrial enterprises increased by 5% compared to February of the previous year. Production increased in manufacturing and energy production, but decreased in mining.
According to Statistics Estonia, in February 2015 compared to February of the previous year, the retail sales of goods of retail trade enterprises increased 8% at constant prices. In January the retail sales increased 5% compared to the same month of the previous year, while in February the growth in retail sales accelerated.
Reforms are impossible without the involvement of social partners, European Commissioner for Social Dialogue Valdis Dombrovskis (Unity) said during the forum of social partners "Role of social dialogue in ensuring the economic growth and qualitative work place" in Riga today, reports LETA.
Fitch Ratings has affirmed Lithuania's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'A-'. The outlooks are stable. The issue ratings on Lithuania's senior unsecured foreign and local currency bonds have also been affirmed at 'A-', writes LETA/ELTA.
With declining export and weakening economic growth, household consumption is becoming an ever increasing factor of economic growth. Having reached its peak ever since late 2007, consumer confidence provides hope that the negative influence of declining export to the Commonwealth of Independent States (CIS) may be at least partially counterbalanced by growing consumption. On the other hand, it seams that Lithuanians will tend to save more this year, says Chief Economist of Swedbank, Vaiva Seckute, cites LETA/ELTA.
Address by Latvian Prime Minister Laimdota Straujuma at the Social Partners’ Forum "The Role of Social Dialogue in Ensuring Economic Growth and High Quality Jobs”.
The Economic Sentiment Indicator (ESI) in the euro area increased from 102.3 points in February to 103.9 points in March 2015, the European Commission announced on Monday, cites LETA.
The Estonian Reform Party, the Social Democratic Party (SDP) and Pro Patria and Res Publica Union (IRL) have reached an agreement at the government coalition talks on core issues and o distribution of ministerial portfolios, as well as on the fact that Riigikogu speaker's position will go to SDP and first deputy speaker's post to IRL, LETA/Public Broadcasting reports.