International Internet Magazine. Baltic States news & analytics
Sunday, 02.08.2015, 23:21
Congratulating Ventspils residents with city's 725th anniversary, the Central Statistical Bureau (CSB) has compiled characteristics of Ventspils in numbers.
Keyword tags: Analytics, Financial Services, Latvia, Real Estate, Society, Tourism, Transport
According to Statistics Estonia, in June 2015, the production of industrial enterprises decreased 3% compared to June of the previous year. Production decreased in manufacturing and energy production but increased in mining.
According to Statistics Estonia, in June 2015 compared to June of the previous year, the retail sales of goods of retail trade enterprises increased 10% at constant prices. Retail sales increased 6% in April and 8% in May compared to the same month of the previous year, whereas in June the retail sales growth accelerated even more.
The Justice Ministry in Latvia is suggesting to raise the fine for wages paid under the table to EUR 2,100, informs LETA.
Banks are prepared to issue loans to healthy companies, however, the main hindrance for companies to obtain loans is problems related to the shadow-economy, the Latvian Association of Commercial Banks points out, commenting Economy Minister Dana Reizniece-Ozola's (Greens/Farmers) recent statements that Latvian banks' lending policies are too passive, and thus hinder Latvia's economic growth, informs LETA.
Statistics Lithuania informs that in June 2015, compared to May, construction input prices increased by 0.5%. The change was mainly influenced by a 1.5% increase in wages and salaries. Over the year (June 2015, against June 2014), construction input prices increased by 1.8%.
In the 2nd quarter of 2015, compared with the 1st quarter of 2015, Gross Domestic Product (GDP) value (seasonally adjusted data) increased by 1.2%, according to flash estimate of the Central Statistical Bureau (CSB).
For the first time, statistics on the use of pesticides for separate agricultural cultures compiled in Latvia
For the first time Central Statistical Bureau of Latvia (CSB) has carried out survey and surveyed data on the use of pesticides in orchards, vegetable and potato areas, greenhouse cultures, as well as in maize areas. Using data obtained in 2014, as well as results from survey (1) on the use of pesticides for cereals and rape that was carried out in 2012, information is obtained to estimate possible risk to environment and health caused by pesticides.
Statistics Lithuania informs that in II quarter 2015 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 9 274.9 million at current prices.
Data of Central Statistical Bureau (CSB) show that, compared to May, the total retail trade turnover in June 2015 rose by 0.8%, according to seasonally adjusted data at constant prices. Retail trade in food products rose by 1.6%, whereas turnover of non-food products – by 0.3%.
The good days are coming to an end: as Lithuania's development level is rising and catching up with the EU's average rate, the EU's support after 2020 will probably decrease sharply, reports LETA/ELTA, referring to Vakaro zinios.
In 2014, 2,307 persons convicted of a crime were serving a prison sentence in Estonia and a third of them were in jail for at least the fourth time, LETA/Postimees online reports.
Statistics Lithuania informs that, based on provisional data, in June 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 772.8 million; against May 2015, it increased by 1.1% at constant prices (seasonally and working day adjusted – increased by 0.8%).
In the first half of the year 2015, companies have paid 95 million euros more VAT than last year in Estonia, which the Tax and Customs Board (TCB) considers a result of the introduction of the obligation to report 1,000 euro transactions, informs LETA.
Main present “measurement key” in the national economy is GDP, i.e. size of gross domestic product. However, generally the states’ progress are measured by the governments’ expenditures, which among EU-28 states are about half of the GDP. Recent Eurostat’s account proves that. In order to get a closer look at the issue, we provide examples from the United States’ government expenditure.