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Thursday, 23.03.2017, 12:17
Provisional data compiled by the Central Statistical Bureau (CSB) show that, compared to 2015, in 2016 the output of meat grew by 2% and output of milk by 0.8%. The most notable rise recorded in output of mutton and goat meat.
Keyword tags: Agriculture, Analytics, Latvia, Statistics
The average purchase price of raw milk in Estonia was 325.53 euros per ton in February, 40% higher than in the same month a year ago, Statistics Estonia said on Wednesday.
Over 50,000 people emigrated from Lithuania last year, in addition to nearly 14,000 in the first two months of 2017, according to the official statistics writes LETA/BNS.
Latest projection of the Bank of Lithuania: Given economic acceleration and average wage will rise more than prices21.03.2017
Having assessed the gradual pick-up in domestic economic activity and the improving situation of Lithuanian manufacturers in relevant foreign markets, the Bank of Lithuania projects that this year the economy will expand by 2.6%, while its growth rate next year will reach 2.8%. Wage growth, estimated to stand at 6.1% in 2017 and 5.7% in 2018, will outstrip the rising inflation rates. Such projections for economic and wage growth are higher than expected and announced at the end of last year.
According to the data of the Central Statistical Bureau (CSB), compared to January, in February 2017 the average level of producer prices in Latvian industry grew by 0.4%. The prices of products sold on the domestic market increased by 0.5 % and prices of exported products by 0.4%. The prices of products exported to euro area countries increased by 0.6% and prices of products exported to non-euro area countries by 0.2%.
According to Statistics Estonia, in February 2017, the producer price index of industrial output changed by 0.0% compared to January and by 3.9% compared to February 2016.
International passenger traffic through Estonian ports increased, shipment of goods declined in 2016
According to Statistics Estonia, in 2016, the number of international traffic passengers served by Estonian ports increased by 4%, but the freight volume of ports in tonnes decreased by 4% compared to the previous year.
Early in the 19990s, when the Berlin Wall had come down, enthusiasm about the perspectives for the future was unbridled in the Baltic Rim countries. Old ties were strengthened, new plans made, networks created, projects initiated, and numerous organisations from governmental to local levels founded within just a few years.
All three Baltic countries posted year-on-year growth in exports in January, figures from the EU statistical office Eurostat showed on Friday.
The Swedish media group Modern Times Group (MTG) sold its Baltic businesses at a good price, a Lithuanian investment expert told LETA/BNS on Friday.
In February 2017, Latvia’s registered unemployment rate decreased by 0.1 percentage points (ppt) to 8.4%, according to information released by the State Employment Agency writes LETA.
Seasonally non-adjusted data of the Central Statistical Bureau (CSB) show that,compared to the 4th quarter of the previous year, in the 4th quarter of 2016 hourly labour costs rose by 51 cents or 7.3%, reaching 7.46 euros.Seasonally adjusted data, in turn, show that labour costs increased by 7.8%.
Last year, banks granted many more loans to customers. This grew bank assets, increased their income and profits. Deposits with banks increased in number; as the economic condition improved, non-performing loans decreased. The banking system was well capitalised. Strengthening of capital was still relevant for domestic banks.
The flash estimate1 put the Estonian current account at 251 million euros in deficit in January 2017. The cause of the deficit was large one-off import transactions for transport vehicles. The deficit on the goods and services account was 240 million euros. Goods exports grew by 9% and goods imports by 39%, so the deficit on the goods account widened to 342 million euros. Exports of services increased by 12% and imports by 10%, so the surplus on the services account was larger than a year previously at 102 million euros. The net outflow on the primary and secondary income accounts totalled 11 mln euros, which was 36 mln euros less than a year earlier.
Lithuania's new car sales rose at one of the fastest rates in the EU in the first two months of this year compared with a year ago, figures from the European Automobile Manufacturers' Association (ACEA) showed on Thursday.