Analytics

International Internet Magazine. Baltic States news & analytics Tuesday, 16.07.2019, 17:43

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European economy in summer 2019: consecutive growth

European economy in summer 2019: consecutive growth

16.07.2019

European Commission publishes four economic forecasts each year; in winter and summer they cover only annual/quarterly GDP and inflation indices for all EU states and the euro area. This summer forecast reflects a set of technical assumptions concerning exchange rates, interest rates and commodity prices. Next economic forecast will cover autumn economic forecast in November 2019.

Keyword tags: Analytics, Economics, EU – Baltic States, Modern EU



In May foreign trade turnover of Latvia was 3.5% larger than a year ago

In May foreign trade turnover of Latvia was 3.5% larger than a year ago

15.07.2019

Provisional data of the Central Statistical Bureau show that in May 2019 the foreign trade turnover of Latvia amounted to EUR 2.5 bn, which at current prices was 3.5% more than in May 2017, of which the exports value of goods was 2.6 % lower, but imports value of goods was 8.6 % higher. In May, Latvia exported goods in the amount of EUR 1.07 billion, but imported – in the amount of EUR 1.43 bn. Compared to May 2018, foreign trade balance has worsened as exports in total foreign trade amount decreased from 45.4 % to 42.8%.

Estonia: In May, the number of tourists in accommodation establishments increased

Estonia: In May, the number of tourists in accommodation establishments increased

12.07.2019

According to Statistics Estonia, in May 2019, a total of 322,000 tourists stayed in accommodation establishments, which is 6% more than in May 2018. There were more domestic and foreign tourists.


During the year, the average level of consumer prices in Latvia increased by 3.0%

12.07.2019

The latest data of the Central Statistical Bureau (CSB) show that in June 2019, compared to June 2018, the average level of consumer prices* rose by 3.0%. Prices of goods increased by 3.1% and prices of services by 2.9%.

Drop in coal, oil flows stopped Lithuanian Railways from growing further

Drop in coal, oil flows stopped Lithuanian Railways from growing further

12.07.2019

Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) and its cargo subsidiary LG Cargo posted 226.7 mln euros in revenue in January-June, up 2.3% from 221.7 mln euros last year, based on preliminary figures.


12.07.2019

Supply of apartments in Riga down 4% in June - Arco Real Estate

In June this year, the supply of apartments in Riga dropped 4 percent from May, while in Riga's largest residential neighborhoods apartment supply was declined 5 percent, Arco Real Estate said in its latest housing market review.

12.07.2019

Latvia: Unemployment level falls to 6% in June

In late June Latvia’s registered unemployment rate was 6% of the economically active population, down 0.1 pecentage points from the end of May, LETA was told at the State Employment Agency.

11.07.2019

Survey: 8% of Estonians engaged in platform work

The so-called "gig economy" is attracting an increasing number of people -- in Estonia 8% of people regularly work via online platforms, it appears from a survey conducted into platform work in 13 European countries, writes LETA/BNS.

11.07.2019

Latvia's export perspectives amid weaker external environment

Brexit, trade wars and subdued global economic growth are just a few of the international topics that have been hitting the headlines recently. Global developments, no doubt, play an important role also in Latvia's economic development; therefore, this article will look at the current situation in Latvia's trade partners and its implications for Latvia's exports.

11.07.2019

Latvia's GDP to increase 3% this year - European Commission's summer forecast

According to the European Commission's latest economic growth projections released on Wednesday, Latvia's gross domestic product will increase 3% this year.

11.07.2019

Luminor: Estonians least eager of Balts to take consumer loans

Among residents of the Baltic states, Estonians have used the least consumer credit over the past two years, around 25% of people in Estonia have taken out a loan for consumption, while the figure in Latvia and Lithuania stands around one third, informed LETA/BNS.

10.07.2019

Newsec: Available office space in Vilnius is set to double in coming years

In recent years the average vacancy rate for offices in Vilnius has been about 3%, one of the lowest rates in Europe. The indicator’s remaining stably low for some time has led more and more real estate developers to focus on office expansion in Vilnius, and that means free office space in the Lithuanian capital will grow.

10.07.2019

Minister for Foreign Affairs Pekka Haavisto: EU enlargement is in the interests of Finland

Finland welcomes the efforts to integrate the Western Balkans, located at the very heart of the continent, into Europe.

09.07.2019

Uniting finances and innovation: fintech hub in Lithuania with the EBRD’s support

The idea of connecting fintech and innovation has been practically realised in the EBRD-Swedbank/Lithuania and Estonian accelerator’s partnership. It has been launched recently to develop a successful innovation hub that would foster technological solutions both in Lithuania and other two Baltic States using new financial instruments.

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