Analytics

International Internet Magazine. Baltic States news & analytics Tuesday, 26.05.2020, 22:48

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Workers' median expectation for remuneration in Estonia down to EUR 1,300

Workers' median expectation for remuneration in Estonia down to EUR 1,300

26.05.2020

It appears from a survey carried out by the Salary Information Agency and Estonian job portal CVKeskus.ee that workers' median expectation for remuneration upon changing jobs has dropped on year from 1,500 euros to 1,300 euros, informs LETA/BNS.

Keyword tags: Analytics, Estonia, Financial Services, Markets and Companies, Wages



Swedbank Nordic Baltic Business Report: Well prepared to take on the challenge

Swedbank Nordic Baltic Business Report: Well prepared to take on the challenge

26.05.2020

The Nordic and Baltic economies will be hard hit by the Covid-19-induced shock due to their small size and relative openness. Strong economic fundamentals and a timely reaction to the health crisis ensure that the countries are in an advantageous position to take on the challenge. The crisis gives a chance to push for bolder and greener policies, as well as advance reforms aimed at streamlining the growing public sector and further tailoring the economy and human capital to the digital post-corona world.

Estonia: In the first quarter, there was more repair and reconstruction work done

Estonia: In the first quarter, there was more repair and reconstruction work done

26.05.2020

According to Statistics Estonia, in the first quarter of 2020, the total production of Estonian construction enterprises in Estonia and abroad increased by 7% year on year. The construction volume increased in Estonia, but decreased in foreign countries.


Swedbank chief economist: Crisis to give impetus for digitalization

Swedbank chief economist: Crisis to give impetus for digitalization

26.05.2020

The need for distancing arising from the crisis is expected to give an additional impetus for digitalization, development of technology and e-commerce, Swedbank chief economist Tonu Mertsina said cites LETA/BNS.

The changing map of nearshoring: what is the equation for a successful operation post Covid-19?

The changing map of nearshoring: what is the equation for a successful operation post Covid-19?

26.05.2020

Could the crisis result in new nearshoring opportunities for Lithuania? As global businesses rethink the way they manage critical business processes, increasing priority is being given to locations that offer flexibility, resilience and robust ICT infrastructure. Laisvis Makulis, Vice-President at Invest Lithuania, examines the factors that make Lithuania an increasingly attractive choice in the post-crisis GBS landscape. Read it below.


25.05.2020

FinMin: shadow economy in Lithuania has decreased impressively over the past years

The scale of shadow economy in Lithuania has decreased impressively over the past several years, Finance Minister Vilius Sapoka has said attributing this progress to increased public consciousness, cites LETA/BNS.

25.05.2020

Latvia's real unemployment rate hit 9.2% in April

Data of the Labour Force Survey conducted by the Central Statistical Bureau show thatin April 2020 actual unemployment rate comprised 9.2%, which is 1.3 percentage points more than in March.

25.05.2020

In April, the level of producer prices in Latvian industry remained the same

Data of the Central Statistical Bureau (CSB) show that, compared to March, in April 2020 the level of producer prices in Latvian industry remained the same for the second month in a row. Prices of products sold on the domestic market fell by 0.3%, but prices of exported products grew by 0.2%.

25.05.2020

Elektrum Lietuva: Lithuania's wholesale electricity price rises 11% w-o-w

Lithuania's average wholesale electricity price rose by 11% last week from a weak earlier to 27.18 euros per megawatt-hour (MWh), Elektrum Lietuva said.

25.05.2020

During the Covid-19 pandemic Latvians drinking more alcohol

In Latvia, the proportion of the population who are drinking more alcohol than usual during the Covid-19 pandemic has increased, representatives of the pharmacy chain BENU Aptieka told LETA, referring to the survey data conducted by the company.

22.05.2020

In Q1, number of guests at Lithuanian hotels fell by 21%

In I quarter 2020, accommodation establishments in Lithuania accommodated 527.9 thousand tourists, or by 21% less than in the same period of 2019.

22.05.2020

In the 1st quarter of 2020, 64.7% of the population of Latvia were employed

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 902.1 thousand people or 64.7 % of the population of Latvia aged 15–74 were employed in the 1st quarter of 2020. During a year employment rate grew by 0.3 percentage points, however, emergency situation that was declared in the country on March 13 due to spread of Covid-19 has negatively affected labour market. The number of employed has reduced by 1.5 thousand during a year.

22.05.2020

In Q1, Latvian unemployment rate constituted 7.4%

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2020 Latvian unemployment rate comprised 7.4%. Compared to the previous quarter, rate of unemployment has risen by 1.4 percentage points, but during a year – by 0.5 percentage points.

22.05.2020

Covid-19: Riga and surrounding municipalities have seen steepest rise of unemployment

Riga and its surrounding municipalities have seen the steepest rise of unemployment caused by the Covid-19 pandemic, State Employment Agency director Evita Simsone said today in an interview to Latvian Radio, reports LETA.

21.05.2020

In April, passenger turnover at Riga Airport reduced by 99.5%

Passenger turnover at Riga International Airport in April of 2020 has dropped by 99.5%, as compared to April 2019. Data compiled by the Central Statistical Bureau (CSB) show that also the volume of cargo and post loaded and unloaded* has decreased by 49.4%.

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