International Internet Magazine. Baltic States news & analytics
Monday, 20.02.2017, 13:02
Statistics Lithuania informs that, based on the data from the Building Permits and State Construction Supervision Information System of the Republic of Lithuania (IS) Infostatyba, in IV quarter 2016, against IV quarter 2015, the number of building permits issued increased by 13.8%, of which for the construction of new residential buildings – by 27.9%.
Keyword tags: Analytics, Construction, Lithuania, Real Estate, Statistics
Lithuania in the fourth quarter of 2016 registered the largest quarterly increase in construction output in the European Union, figures from the EU statistical office Eurostat showed on Friday.
The availability of financing of companies is aided by good access to bank lending, low interest rates, and profits built up earlier Companies are borrowing more than before from Estonia, and less from abroad Growth in household loans accelerated in 2016, but remained slower than growth in incomes and savings. The loan portfolio to companies and households will grow by around 5% in the years ahead, which is about the same rate as nominal GDP
Provisional data of the Central Statistical Bureau (CSB) show that 716.0 thousand hectares of land were covered with cereals in 2016 – 43.6 thousand hectares or 6.5 % more than in 2015, leading to the largest cereal cropland area observed since 1984. Harvested production of grain has diminished; half of the harvested winter wheat were produced in Zemgale
Small and medium-sized enterprises of the Baltic states are less optimistic than previously in their outlooks for the new business year and even 31% of Estonian SMEs expect turnover to fall in 2017, SEB's annual Baltic business barometer survey showed.
The annual inflation in January continued to climb rapidly – consumer prices rose by 2.9% year-on-year. Within five months, inflation, starting at zero, reached an impressive level. There is no reason to expect similarly fast inflation rise during the next few months. All this year, however, inflation will remain close to 3%.
Flying has become one of the most popular means of travel throughout the world. An internet survey carried out by SmartLynx Airlines, the leading charter carrier in Latvia and Estonia, revealed that 74% of respondents use airline services for private trips, while one in four (26%) mostly travel for business. Respondents said that price is the main criterion in purchasing airline tickets.
According to a survey on the attitudes residents have regarding the Rail Baltica high-speed rail project, 89 percent of Latvian residents support the project, which is three percentage points more than a year ago, the head of communications at SIA Eiropas Dzezlcela Linijas Rita Voronkova told LETA.
Estonia climbed from ninth to sixth place on the Heritage Foundation and Wall Street Journal (WSJ) 2017 index of economic freedom published on Wednesday writes LETA/BNS.
In 2016, 2.3 mln visitors were hosted at Latvian tourist accommodation establishments, which was 7.7% more than the year before. According to the latest data of the Central Statistical Bureau (CSB), the respective indicator has increased by 75 % from the 1.3 million hosted in 2010. As compared to 2015, the number of nights spent by visitors has increased by 7.5%. The average duration of a visitor's stay at an accommodation establishment was 1.9 nights.
RAM experts: “January Turned to Be a Record Month with Regard to the Number of Corporate Bonds Issued in the United States”
Rietumu Group specialists have prepared a review of the profitability of investment funds of Rietumu Asset Management in January. The review includes an analysis of key economic indicators, the monetary policy. It provides comprehensive information on the situation on stock markets, bond, currency and commodity markets. The review is accompanied with extensive comments from experts.
Latvia last year was one of the six EU member states in which exports in 2016 remained at the same level as in 2015, according to the latest Eurostat data.
European regions and separate EU states are key players in helping entrepreneurs in business activity, in creating company, in providing grants or arranging taxes breaks. The Commission and other EU institutions decided to include regions and countries in “conversation” on business possibilities in Europe. Hence, the ideas of creating the Startup Europe Week (SEW), a European Partnership (SEP) and a Network (SERN).
According to the results of the Survey of the Payment Habits of Lithuanian Residents, in 2016 survey participants holding accounts made utility payments slightly more often online, while at payment institutions – less often. Other payments, by nearly all of the surveyed, were made online rather than at bank or credit union branches. Cash payments were made somewhat less frequently at trading venues.
This past December, Latvia recorded the European Union's second highest increase in industrial production year-on-year, according to Eurostat report published today.