Analytics

International Internet Magazine. Baltic States news & analytics Saturday, 26.05.2018, 20:16

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Construction volume of Estonian companies increased by 21%

Construction volume of Estonian companies increased by 21%

25.05.2018

According to Statistics Estonia, in the 1st quarter of 2018 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries increased 21%. Taking into account only Estonian construction market, construction volume increased 29%.

Keyword tags: Analytics, Construction, Estonia, Good for Business, Real Estate



IMF describes wage pressure as biggest threat for Estonia's outlook

IMF describes wage pressure as biggest threat for Estonia's outlook

25.05.2018

The International Monetary Fund (IMF) finds that the outlook for the Estonian economy is positive and growth will continue in the medium term at close to 3.5%, whereas the main risk for the outlook is wage pressure which is not accompanied by growth in productivity, informs LETA/BNS.

Number of economic units rose in Estonia in 2017

Number of economic units rose in Estonia in 2017

24.05.2018

In 2017, there were approximately 158,000 economically active units in Estonia. 3,000 units were added, which is as many as in 2016. Considering legal form, the picture looks different – growth in the number of companies picked up and the number of non-profit associations decreased for the first time.


In Q1, Lithuanian hotels received 546.4 thousand tourists

In Q1, Lithuanian hotels received 546.4 thousand tourists

24.05.2018

According to Statistics Lithuania, in I quarter 2018, the country’s accommodation establishments received 546.4 thousand tourists, or by 7.3% more than I quarter 2017. Compared to I quarter 2017, the number of overnight stays grew by 3.8%. One guest stayed in an accommodation establishment for, on average, 2.2 nights.

Lietuvos bankas: building reserves necessary during economic upturn

Lietuvos bankas: building reserves necessary during economic upturn

24.05.2018

There's a good time for further building financial reserves as Lithuania's residents and businesses are getting stronger financially, the level of credit is growing and Lithuania's is enjoying an economic upturn, the Bank of Lithuania's chairman Vitas Vasiliauskas says, cites LETA/BNS.


24.05.2018

9% employees in Latvia work from home on a daily basis

17% work from home several days a month, representatives of Bonava Latvija dwelling house developer told LETA, citing a survey of employees, reports LETA.

24.05.2018

EU Commission released its recommendations to Baltic States

The European Commission recommends that Lithuania improve tax collection, the quality of the education system and the tax and benefit system. The tax burden for low income earners in Latvia has been reduced, but still remains relatively high compared to other EU member states, European Commission Vice President Valdis Dombrovskis said during a press conference, informs LETA.

24.05.2018

OECD recommends Latvia to avoid unnecessarily strict approach in application of Commercial Law

Latvia should try to avoid unnecessarily strict application of Commercial Law, and should apply modern approach to Commercial Law, said the Organization for Economic Cooperation and Development (OECD) in its report presented at the parliament on May 23rd, informs LETA.

23.05.2018

In April, industrial production decreased by 7.8% in Lithuania

Statistics Lithuania informs that in April 2018, based on provisional data, industrial production totalled EUR 1.58 billion at current prices and, compared to March, seasonally and calendar adjusted, decreased by 7.8% at constant prices (unadjusted – by 16%).

23.05.2018

In April, level of producer prices in Latvian industry increased by 0.6%

Data of the Central Statistical Bureau (CSB) show that, compared to March, in April 2018 level of producer prices in the Latvian industry rose by 0.6%. Prices of products sold on the domestic market went up by 1.0% and prices of exported products by 0.3%. Prices of products exported to euro area countries grew by 1.1%, whereas prices of products exported to non-euro area countries fell by 0.4%.

23.05.2018

In Q1, 63.5% Latvia’s population were employed

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 898.0 thousand people or 63.5% of Latvia population aged 15–74 were employed in the 1st quarter of 2018. Over the year, employment rate grew by 1.9 percentage points and number of employed persons by 15.5 thousand. Compared to the previous quarter, employment rate fell by 0.2 percentage points and number of employed persons by 4.2 thousand.

23.05.2018

Emigration and economic growth will continue heating up labor market in Latvia

As the population of Latvia continues to decrease while economic development is accelerating, the demand for labor will continue to rise, Swedbank senior economist Agnese Buceniece told LETA.

22.05.2018

In most European countries life is fair

People in most European states think that life is generally “fair”. However, in numerous states citizens have some concerns over income inequality, justice, political decisions, etc. Particularly different opinions are among the citizens in the Baltic States; there are reasons to believe that politicians in the Baltics would take European analysis seriously.

22.05.2018

In Q1, Latvian unemployment rate constituted 8.2%

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2018 Latvian unemployment rate constituted 8.2%. Compared to the previous quarter, unemployment rate rose by 0.1 percentage points, while compared to the corresponding quarter of the year before – by 1.2 percentage points.

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