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Wednesday, 03.09.2014, 02:37
Data compiled by the Central Statistical Bureau of Latvia show that, in 2013 renewable energy sources (RES) in Latvia comprised 68 gigajoules. In comparison with 2012 RES consumption fell by 2.5%.
Keyword tags: Analytics, Energy, Latvia, Markets and Companies
By 2020, the number of persons employed will increase by 50,000, whereas the unemployment level will slip to 6.4%, according to the informative report on medium and long-term prognoses for the labor market by the Latvian Ministry of Economy (ME), cites LETA/Nozare.lv.
Producer prices in Latvia increased by 0.4% in July 2014 from June, which was the third highest increase among the European Union member states for which data are available. The highest month-on-month increases in producer prices were recorded in Estonia – 1.7%, and Cyprus – 1.1% reports LETA, referring to the EU statistical office Eurostat.
Although Estonian Minister of Finance Jürgen Ligi disapproves of the fact that pay growth is faster than increase in productivity, he estimates that it is probably inevitable due to pressure from the nearby regions, writes LETA/National Broadcasting.
According to the information on freight transport compiled by the Central Statistical Bureau, in the first half of 2014 the total volume of freights carried in main transport sectors has grown by 2.7% as compared to the first half of 2013.
China's economy is facing multiple domestic and international challenges despite its steady performance in the past seven months of 2014, said a senior economic official in Beijing on Wednesday.
According to Statistics Estonia, in July 2014 compared to July of the previous year, the retail sales of goods of retail trade enterprises increased 10% at constant prices. Retail sales increased by 4% in May and 7% in June compared to the corresponding month of the previous year, whereas in July the retail sales growth accelerated even more.
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in II quarter 2014, GDP at current prices amounted to LTL 31 315 million (EUR 9 069.5 million). Compared to the same period in 2013, real GDP growth, seasonally and working day adjusted, stood at 3.1%, compared to I quarter 2014 – 0.8% (compared to the same period in 2013, seasonally and working day unadjusted, GDP increased by 3.3%, compared to I quarter 2014, increased by 8.4%).
Ministry of Finance compiled a new economic growth outlook for Estonia, according to which in 2014 the growth would reach 0.5% and in 2015 2.5%, writes LETA/Delfi.ee.
According to a price index calculated by the portal Goeuro.com, Latvia has one of the cheapest train tickets in the world, cites LETA/Nozare.lv.
Statistics Lithuania informs that in 2013, according to the data of the Survey on Income and Living Conditions, the at-risk-of-poverty rate in Lithuania stood at 20.6%. Compared to 2012, it increased by 2 percentage points. In 2013, about 610 thousand persons in the country were living below the at-risk-of-poverty threshold, reports LETA/ELTA.
Latest data compiled by the Central Statistical Bureau of Latvia show that, as compared to the corresponding periods of the previous year, average wages and salaries in the 2nd quarter of 2014 have risen slower than in the first quarter of this year.
Data of Central Statistical Bureau show that, compared to June, the total retail trade turnover in July 2014 rose by 2.2%, according to seasonally adjusted data at constant prices. Both retail trade in food products and non-food products increased by 2.2%.
According to Statistics Estonia, in the 2nd quarter of 2014, the average monthly gross wages and salaries were 1,023 euros and increased 4.8% compared to the 2nd quarter of the previous year.
According to Statistics Estonia, in the 2nd quarter of 2014 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries decreased by 4%. The construction volumes have decreased for three quarters in a row.