Analytics

International Internet Magazine. Baltic States news & analytics Tuesday, 21.05.2019, 06:12

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What is monetary policy and how it affects your income?

What is monetary policy and how it affects your income?

20.05.2019

If one compared the euro area economy with the human body, money circulating in it would serve as blood, and the European Central Bank (ECB), which influences the price of money – interest rate, would constitute its heart. Just as the heart affects the functioning of the whole body, actions of the ECB strongly impact euro area economic developments, household and business borrowing conditions and the general price level. Decisions on the future stance of euro area monetary policy will be taken this June in Vilnius.

Keyword tags: Analytics, Banks, Direct Speech, Economics, Lithuania



Museums continue to be popular in Estonia

Museums continue to be popular in Estonia

20.05.2019

According to Statistics Estonia, there were 3.4 million museum visits in 2018. Compared to the record year 2017, the number of visits has decreased by 100 thousand.

The number of unemployed persons is falling in Estonia in Q1 2019

The number of unemployed persons is falling in Estonia in Q1 2019

20.05.2019

According to Statistics Estonia, in the 1st quarter of 2019, the labour force participation rate was 70.8%, the employment rate 67.5% and the unemployment rate 4.7%. The labour force participation rate and the employment rate remained at a similar level compared to the same quarter of the previous year. The unemployment rate, however, decreased by 2.1 percentage points.


Where does our honey come from?

Where does our honey come from?

20.05.2019

In 2018, the EU Member States imported 208 000 tonnes of natural honey (‘honey’) from non-EU Member States in 2018, worth 452 million EUR. In contrast, in 2018 just 21 000 tonnes of honey were exported by the EU Member States outside the EU, informed Eurostat.

Generation of electric power in Latvia down 28.3% in four months

Generation of electric power in Latvia down 28.3% in four months

20.05.2019

During the first four months of 2019, Latvia generated 2.256 gigawatt-hours (GWh) of electric power, down 28.3% from the same period last year, according to an electricity market review released by Augstsprieguma Tikls transmission system operator writes LETA.


20.05.2019

Estonian cbank governor: Closure of Versobank might set precedent in Europe

The closure of Versobank may set a precedent in European practice, Ardo Hansson, governor of the Estonian central bank said at the Lennart Meri Conference in Tallinn on Saturday, citing LETA/BNS.

17.05.2019

Amount of electricity produced in CHP plants rose by 39% in 2018

The latest data compiled by the Central Statistical Bureau (CSB) show that in 2018 the amount of electricity produced in combined heat and power (CHP)1 plants2 constituted 4170.0 gigawatt hours (GWh), which accounts for 62 % of the total amount of electricity generated in Latvia. Compared to 2017, the amount of electricity produced in CHP plants went up by 39%, which can be explained by the reduction in hydro power output caused by the dry and hot weather.

17.05.2019

Latvija: In the 1st quarter number of tourists from Norway has increased significantly

According to the latest data of the Central Statistical Bureau (CSB), 460 thousand visitors stayed at Latvian tourist accommodation establishments in the 1st quarter of 2019, which is 1.3% more than in the 1st quarter of 2018. Compared to corresponding period of the previous year, the number of nights spent by visitors increased by 3%, reaching 911.4 thousand. The average length of stay comprised 2 nights.

17.05.2019

Apartment prices in Soviet-era standard design houses in Riga up 1.4% this year - Arco Real Estate

In April this year, apartment prices in Soviet-era standard design houses in Riga rose 0.7% against March and climbed 1.4% from the beginning of the year, Arco Real Estate said in its latest report on the market of standard-design apartments.

16.05.2019

Combating VAT fraud: new EU’s efforts to assist member states

The new system – the Transaction Network Analysis, TNA, which is introduced by the European Commission in mid-May 2019, is aimed at assisting the EU-states in rapid exchange of information and in jointly processing VAT data in cross-country’s trade. That would lead to earlier detection of suspicious networks and reduce negative effect on public finances.

16.05.2019

Illegal employment increased in Latvia last year - study

According to the latest study on the shadow economy situation in Latvia, there was an increase in illegal employment in Latvia last year.

16.05.2019

LANIDA: Prices of new apartments in Riga's residential neighborhoods down 2% in April

In April 2019, the average price of new apartments in Riga’s residential neighborhoods dropped 2 percent from March 2019, according to the housing market price indicator drawn up by the Latvian Real Estate Association (LANIDA).

16.05.2019

Shadow economy proportion in Latvia at 24.2% last year

During a conference today dedicated to the shadow economy situation in the country, Stockholm School of Economics in Riga (SSE Riga) Professor Arnis Sauka said that the proportion of shadow economy in Latvia rose by 2.2 %age point last year to 24.2%.

15.05.2019

Estonia: Nordica due to publish 2018 financials in June

Nordic Aviation Group, the state-owned Estonian carrier operating under the Nordica brand, carried over 2.2 mln passengers in 2018, and the financial results of the company are due to be published in June, spokespeople said BC.

14.05.2019

The higher oil price has clearly passed into prices

Statistics Estonia finds that prices rose by 1.3% in a month in Estonia and yearly inflation reached 3.2%. Half of the month-on-month price increase was contributed by three product groups, which were motor fuels, vegetables and air tickets. These prices are usually very volatile.

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