International Internet Magazine. Baltic States news & analytics
Saturday, 25.10.2014, 04:23
An estimated EUR 177 billion in value added tax (VAT) revenue was lost in the European Union due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission. This equates to 16% of total expected VAT revenue of 26 member states, reports LETA.
Keyword tags: Analytics, EU – Baltic States, Financial Services, Taxation
Participating in a summit on growth and employment in Brussels today, Welfare Minister Uldis Augulis (Greens/Farmers) emphasized to the necessity to create as many new jobs as possible in Europe, as well as stimulate the EU's competitiveness, LETA was informed by the minister's advisor Liene Uzule.
Provisional results of Farm Structure Survey 2013 show that the average size of agricultural holdings in 2013 was 37.8 ha, which is 9.6% more than in 2010, when this indicator was 34.5 ha.
According to the Baltic Household Outlook, prepared by SEB and introduced to the public today, 80% of Estonians are satisfied with the adoption of the euro, and this year positivity even exceeds the EU average, writes LETA/Estonian Public Broadcasting.
With 12th Saeima final and official results finally announced today, which, for example showed that 913,491 voters went to the polls, or 58.85 of the electorate, many other interesting facts can be found in the statistics, informs LETA.
The Central Election Commission in Latvia confirmed the final results of the 12th Saeima elections on October 22nd, informs LETA.
78% of economically-active residents of Latvia, aged between 18 and 55, are in favor of a president elected by popular vote, according to a survey conducted by TNS and LNT television, reports LETA.
Lithuania was named number-three destination in Lonely Planet's list of best countries to visit in 2015.
Prime Minister Laimdota Straujuma's (Unity) political goal, as the head of the new government, will be to increase the welfare of Latvian families.
Statistics Lithuania has implemented the methodological requirements set in Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (ESA 2010) and carried out a revision of the time series of general government finance and national accounts aggregates. In 2013, according to the revised data, the general government deficit totalled LTL 3163.3 million (EUR 916.2 million), or 2.6% of GDP. Over the year, the general government deficit decreased by LTL 460.2 million (in 2012, this indicator stood at 3.2% of GDP).
National budget deficit in Latvia in 2013 was at 0.9% of the Gross Domestic Product (GDP), which is the third lowest out of all the European Union (EU) countries, latest data provided by Eurostat shows, cites LETA.
Compared to August, level of producer prices in Latvian industry in September 2014 rose by 0.1%, according to the data of Central Statistical Bureau of Latvia. In September 2014 compared to September of the previous year, the overall level of producer prices in the Latvian industry increased by 0.3%.
Statistics Lithuania informs that in September 2014, industrial production totalled LTL 5.8 billion (EUR 1.7 billion) at current prices and, compared to August, grew by 6.9% at constant prices, seasonally adjusted – by 1.7%.
General government budget deficit at the end of 2013 comprised EUR 199.6 million or 0.9 % of the Gross Domestic Product (GDP), and the general government consolidated gross debt comprised EUR 8875.9 million or 38.2 % of the GDP, according to the results of the October 2014 general government budget deficit and debt notification compiled by Central Statistical Bureau (CSB), which has been made in line with the methodology of European System of Accounts (ESA 2010).
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