International Internet Magazine. Baltic States news & analyticsThursday, 02.09.2010, 22:48
Estonia and Lithuania registered GDP growth in Q2, whilst Latvia a decrease
02.09.2010Latvia's gross domestic product fell by 3.9% in the second quarter of the year 2010 as compared with the second quarter of 2009, which was the largest decrease among all the European Union member states, according to the latest Eurostat data. Estonia's GDP increased by 3.5% during the second quarter, whilst Lithuania's increased by 1.4%.
Keyword tags: Analytics, Economics, EU – Baltic States, GDP
Latvia registers eighth highest increase in producer prices in EU in July
02.09.2010Producer prices in Latvia in July 2010, compared to June, increased by 0.4%, which was the eighth highest increase in the European Union, according to the latest data from the European Union's statistical office Eurostat. Estonia registered 0.3% increase and Lithuania 0.2% decrease.
China is not that far from the Baltics
02.09.2010International Customs Conference, which opened in China (Shanghai) on 1 September 2010, shows the way the economic cooperation between the two major economic partners in the world would take place. The Baltic States can have a finger in the pie in these export-import arrangements between the EU and China.
Freight carried by rail in Latvia decreased by 10.3%, by road increased by 32.4% in H1
01.09.201025.3 mln tons of freight were carried by rail (Latvijas Dzelzcels) in Latvia in the 1st half of 2010, a decrease of 10.3% compared to 1st half of the previous year, according to the Central Statistical Bureau. In the 1st half of 2010 freight transport by road has reached 20.5 mln tons of freights, and it is 32.4% more if compared to the 1st half of 2009.
Estonians have lost interest in working in Ireland
01.09.2010Estonians have lost interest in going to work in Ireland and are showing increased interest towards Nordic states, Spain and Italy, LETA/Delfi reports.
Estonian employers consider it important for employees to develop their skills and knowledge
According to Statistics Estonia, in 2009 most of Estonian employers considered it important for employees to develop their skills and knowledge, but nearly a half of employees were not satisfied with possibilities of professional development offered by employers.
Euro area unemployment rate in July stable at 10%, EU27 – at 9.6%
According to Eurostat, the statistical office of the European Union, the euro area seasonally-adjusted unemployment rate was 10.0% in July 2010, unchanged compared with June. It was 9.6% in July 2009. The EU27 unemployment rate was 9.6% in July 2010, unchanged compared with June. It was 9.1% in July 2009.
Monthly gross wages and salaries in Latvia increased by 2.9% in Q2
Average monthly gross wages and salaries in Latvia in 2nd quarter of 2010 comprised LVL 444, and it is LVL 13 or 2.9% more if compared to the 1st quarter, according to the data of the Central Statistical Bureau (CSB).
Construction costs in Latvia increased by 0.7% in July
Compared to June, construction costs in Latvia in July 2010 grew on average by 0.7%, according to the data of Central Statistical Bureau. Prices of construction materials increased by 1.4%, but maintenance and operational costs of machinery and equipment – by 0.4%.
Production of industrial enterprises in Estonia grew by 25% in July y-o-y
According to Statistics Estonia, in July 2010 the production of industrial enterprises grew by 25% compared to July of the previous year. The moderate growth reported at the beginning of 2010 was followed by a rapid increase – in April enterprises gave 19%, in May 17% and in and June 21% more production than in the corresponding months of 2009.
Retail sales in Estonia decreased by 1% in July y-o-y
According to Statistics Estonia, in July 2010 compared to July of the previous year the retail sales of goods of retail trade enterprises decreased by 1% at constant prices. The decrease of the retail sales in July was the smallest of the current year.
Budget, energy, reform of state-owned companies in focus in the new political season in Lithuania
Prime Minister Andrius Kubilius considers the state budget for 2011, the energy sector and the reform of the management of state-owned enterprises as the key tasks in the new political season. The head of Government stressed that after his meeting with President Dalia Grybauskaite which focussed on the new political season.
Estonian employers: time for our proposals is ripe
On Monday the Confederation of Employers presented the ideas and trends towards which the State should aspire in employers’ manifesto for the years 2011-2015, writes LETA/Äripäev.ee. Leaders of the organisation found that the time to implement the ideas was ripe.
Construction input prices in Lithuania grew by 0.9% in July
Statistics Lithuania informs that construction input prices in July 2010, compared to June, grew by 0.9%. Over the year (July 2010, compared to July 2009), construction input prices dropped by 2%.
Retail trade turnover in Latvia reduced by 0.5% in July
Compared to June, total retail trade turnover (according to seasonally adjusted data at constant prices) in July 2010 reduced by 0.5%, according to the data of Central Statistical Bureau. Retail trade of food products has increased by 2.1%, but retail trade of non-food products has reduced by 1.8%. Compared to July 2009 total retail trade turnover in July of this year has decreased by 2%.
Updating the Nordic-Baltic cooperation 
