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Friday, 28.11.2014, 22:22
Data compiled by the Central Statistical Bureau (CSB) show that, in the 3rd quarter of 2014, compared to the 2nd quarter of 2014, gross domestic product (GDP) at constant prices, according to seasonally adjusted data, grew by 0.5%, but, compared to the 3rd quarter of 2013, it has risen by 2.4%.
Keyword tags: Analytics, Economics, GDP, Latvia, Markets and Companies
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in III quarter 2014, GDP at current prices amounted to LTL 33 681 million (EUR 9 754.6 million). Compared to the same period of 2013, seasonally and working day adjusted, real GDP growth stood at 2.6%, compared to II quarter 2014 – at 0.5%.
According to Statistics Estonia, in the 3rd quarter of 2014 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries decreased by 8%. The construction volumes have decreased for four quarters in a row.
Data of Central Statistical Bureau (CSB) show that, compared to September, the total retail trade turnover in October 2014 rose by 1.5%, according to seasonally adjusted data at constant prices. Retail trade in food products grew by 0.4%, whereas of non-food products – by 2.2%.
The share of companies among Estonian small and medium-sized enterprises (SME) planning investments for the year 2015 has declined significantly, SEB's study "Business Barometer 2015" indicates, LETA/Delfi reports.
The number of employers who are planning to hire new workers has reduced in all Baltic States – employers in Lithuania are more optimistic, while those in Latvia and Estonia are more conservative, according to a study conducted by CV-Online, cites LETA.
Latest data of the Central Statistical Bureau (CSB) show that compared to September, construction costs in Latvia in October 2014 decreased by 0.1%.
If Russia completely closed all roads for goods and logistics from Lithuania, it would cost up to 4% of GDP to our economy, said Lithuanian Prime Minister Algirdas Butkevicius, adding that he does not believe in this worst-case scenario, writes LETA/ELTA.
According to the latest report from the European Travel Commission, the number of foreign tourists visiting Latvia increased by 18.9% in the first nine months of the year 2014 when compared to the same period last year, which was the second largest increase in Europe, reports LETA.
Even though Russia's sanctions have continued for longer than anticipated and Lithuanian transport sector will incur losses, nonetheless it is yet too early to talk about the impact on Lithuania's gross domestic product (GDP) growth, says Head of Financial Markets at Danske Bank Giedre Geciauskiene, cites LETA/ELTA.
According to Statistics Estonia, in the 3rd quarter of 2014, the average monthly gross wages and salaries were 977 euros and the average hourly gross wages and salaries were 5.89 euros. Compared to the 3rd quarter of 2013, the average monthly gross wages increased by 5.0% and the average hourly gross wages by 5.6%.
The pressure on prices from wage rises in 2014 is weaker than last year, Estonian central bank Eesti Pank said in comment to the fresh third quarter average wage increase data, cites LETA.
29% foreign tourists said that the most interesting tourist attractions in Riga was the Old Town, 6.3% – the Freedom Monument, 4.3% – Latvian National Opera, according to a study conducted by the Riga Tourism Development Bureau, cites LETA.
According to the International Telecommunication Union (ITU), Lithuania is ranked 40 among 166 countries in the annual Information and Communication Technology (ICT) Development Index 2014. Meanwhile, Latvia is ranked 33rd and Estonia – 21st, informs LETA/ELTA.
Every third suicide in Estonia is committed by a pensioner, as about 70 retirement-age people per year commit suicides, LETA/Eesti Ekspress writes.