Analytics

International Internet Magazine. Baltic States news & analytics Thursday, 20.09.2018, 14:08

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Only 6% of Baltic residents have strong digital skills – SEB

Only 6% of Baltic residents have strong digital skills – SEB

20.09.2018

Only 6% of residents in Estonia, Latvia and Lithuania have necessary digital skills to freely use digital solutions, it appears from a survey conducted by SEB Bank on their Baltic customer base this spring, cities LETA/BNS.

Keyword tags: Analytics, Banks, Estonia, Financial Services, Latvia, Lithuania, Technology



Restructured credit union sector in Lithuania expanding and must accumulate required capital buffer

Restructured credit union sector in Lithuania expanding and must accumulate required capital buffer

20.09.2018

The enhanced credit union sector, which, as of this year, operates under new regulations, operated profitably and strengthened its capital.

Lithuania's natural gas consumption down 10% in H1 y-o-y

Lithuania's natural gas consumption down 10% in H1 y-o-y

19.09.2018

Lithuania's natural gas consumption declined by 9.57% in the first half of 2018 compared with a year ago to 11.58 terawatt-hours (TWh), the energy market regulator said LETA/BNS.


Eurostat: Production in construction up by 0.3% in euro area

Eurostat: Production in construction up by 0.3% in euro area

19.09.2018

In July 2018 compared with June 2018, seasonally adjusted production in the construction sector increased by 0.3% in the euro area (EA19) and by 0.4% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In June 2018, production in construction grew by 0.7% in the euro area and by 1.0% in the EU28.

In the 2nd quarter of 2018, hourly labour costs in Latvia grew by 9.5%

In the 2nd quarter of 2018, hourly labour costs in Latvia grew by 9.5%

18.09.2018

Seasonally non-adjusted data of the Central Statistical Bureau (CSB) show that, compared to the 2nd quarter of 2017, in the 2nd quarter of 2018 hourly labour costs rose by 76 cents or 9.5%, reaching EUR 8.82. Seasonally adjusted data show sharper rise – of 11.5%.


18.09.2018

Up to 120,000 people without health insurance in Estonia

Up to 120,000 working-age residents of Estonia have no health insurance over the long term, says an analysis by the Praxis Center for Policy Studies which explored a switch to a universal healthcare system as one of the options available to Estonia, reported LETA/BNS.

18.09.2018

In the 2nd quarter, number of job vacancies in Latvia rose by 7.8 thousand or 46.6%

Data of Central Statistical Bureau (CSB) show that in the 2nd quarter of 2018 there were 24.5 thousand job vacancies in Latvia, which is 7.8 thousand vacancies or 46.6% more than in the 2nd quarter of 2017. In public sector there were 7.2 thousand and in private sector 17.3 thousand job vacancies. Over the year, the number of job vacancies in private sector grew by 6.7 thousand or 63.9%, while in public sector by 1.0 thousand or 16.8%.

18.09.2018

Telia Lietuva holds 40% of Lithuania's e-communications market - regulator

Telia Lietuva held the largest share, at 40.33%, of Lithuania's electronic communications market by revenue in the second quarter of 2018, followed by Tele2 in second place with 22.28% and Bite Lietuva in third with 17.91%, according to the latest figures released by the Communications Regulatory Authority on Tuesday writes LETA/BNS.

17.09.2018

Baltics to get more of US attention due to Blackstone investment – experts

The decision by a consortium led by private equity funds managed by Blackstone to invest 1 bln euros into Luminor, a Scandinavian bank operating in the Baltic states, should make the US administration pay more attention to the Baltic states, and also attract more investors from this country, informs LETA/BNS referring to political scientists.

17.09.2018

Annual inflation down to 2.0% in the euro area; down to 2.1% in the EU – Eurostat

The euro area annual inflation rate was 2.0% in August 2018, down from 2.1% in July 2018. A year earlier, the rate was 1.5%. European Union annual inflation was 2.1% in August 2018, down from 2.2% in July. A year earlier, the rate was 1.7%. These figures are published by Eurostat, the statistical office of the European Union.

17.09.2018

Euro area job vacancy rate at 2.1%; EU28 rate at 2.2% - Eurostat

The job vacancy rate in the euro area (EA19) was 2.1% in the second quarter of 2018, stable compared with the previous quarter and up from 1.9% in the second quarter of 2017, according to figures published by Eurostat, the statistical office of the European Union.

14.09.2018

Bank of Latvia's average inflation forecast for 2019 unchanged at 2.9%

The Bank of Latvia's average inflation projection for 2019 is 2.9%, same as the previous forecast, informs LETA referring to the central bank's deputy governor Zoja Razmusa.

14.09.2018

Low investment level hampers Latvia's potential growth

The low investment level in Latvia at the moment is hampering Latvia's potential growth, informs LETA referring to the Bank of Latvia's Monetary Policy Department head Uldis Rutkaste.

14.09.2018

Annual growth in labour costs at 2.2% in euro area; at 2.6% in EU28

Hourly labour costs rose by 2.2% in the euro area (EA19) and by 2.6% in the EU28 in the second quarter of 2018, compared with the same quarter of the previous year. In the first quarter of 2018, hourly labour costs increased by 2.1% and 2.8% respectively. These figures are published by Eurostat, the statistical office of the European Union.

14.09.2018

Euro area international trade in goods surplus 17.6 bln euros; 0.1 bln euros surplus for EU28

According to the Eurostat, the first estimate for euro area (EA19) exports of goods to the rest of the world in July 2018 was 194.6 bln euros, an increase of 9.4% compared with July 2017 (177.8 bln euros).

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