International Internet Magazine. Baltic States news & analytics
Sunday, 08.12.2013, 22:33
Statistics Lithuania informs that in November 2013, compared to October, prices for the total industrial production sold decreased by 0.1%, refined petroleum products excluded – by 0.2%. Over the year, prices for the total industrial production sold decreased by 3.2%.
Keyword tags: Analytics, Industry, Lithuania, Markets and Companies
According to Statistics Estonia, there were 8,600 job vacancies in the enterprises, institutions and organisations of Estonia in the 3rd quarter of 2013. Compared to the same period of the previous year their number increased by 12.3%, and compared to the previous quarter by 12.7%.
According to Statistics Estonia, the change of the consumer price index in November 2013 was –0.4% compared to October 2013 and 1.5% compared to November of the previous year. Both the monthly and annual change were influenced the most by housing expenditures.
For the year 2014, Estonian enterprises forecast turnover growth and moderate success on export markets – although investment and innovation activity leave something to be desired, the survey 'Business Barometer 2014', conducted among SEB's business clients, indicated, cites LETA.
The prices of several products in Riga supermarkets in December 2013 have grown several times over the past 10 years, according to data from the Agricultural Market Promotion Center, cites LETA/Nozare.lv.
Optimistic, but with the obvious lack of the social justice. Such is the evaluation of the improved draft budget for 2014 in Lithuania, informs LETA/ELTA, referring to Lietuvos rytas.
Forbes Magazine has ranked world's top 25 countries to do business in and ranked Lithuania 25th, right behind Germany. Estonia is ranked even higher – 23rd and Latvia is placed 35th, informs LETA/ELTA.
At the beginning of December, the retail price for 95 octane gas in Latvia was EUR 1,300.14 per 1,000 liters – the fifth lowest price in the European Union, according to the European Commission's data on fuel prices in the EU. Estonia registered the third lowest price, informs LETA.
The number of European Union residents exposed to the risk of poverty and social exclusion increased last year, reaching almost 125 million, according to the EU statistical bureau Eurostat data, informs LETA/Nozare.lv.
According to Lithuania's Minister of Finance Rimantas Sadzius, the economic crisis was not over yet. Sadzius highlighted that the crisis in Lithuania was to be over within the period of one or two years, informs LETA/ELTA.
As Lithuania's Presidency of the EU Council is drawing to a close, President Dalia Grybauskaitė met with ambassadors of the 22 EU member states residing in our country. The meeting focused on the results of the Presidency, the work done, and top priority issues on the EU political agenda, informed BC presidential press service.
Latest data compiled by the Central Statistical Bureau of Latvia show that, in comparison with September, industrial production volume in October increased by 0.3%, according to seasonally adjusted data at constant prices; of which in manufacturing – by 0.3%, in electricity and gas supply – by 1%, while in mining and quarrying there was a decrease of 1.2%.
According to Statistics Estonia, in the 3rd quarter of 2013 the total profit of the business sector was 945 million euros, which was 5% more than in the same period a year earlier.
Retail trade turnover in Latvia increased 3.4% in October 2013, compared to October 2012, the fourth steepest increase across the European Union, according to the latest data from the EU's statistical office Eurostat. Estonia was on the second place, informs LETA.
Lithuanian economists: cash payment restrictions will reduce people's choice instead of shadow economy
Lithuanian Free Market Institute (LLRI) says that cash payment restriction is ineffective measure fighting against the shadow economy. According to the LLRI, this restriction would reduce choice and competitiveness among means of payment, it would also increase expenses of residents and legal businesses for payment, informs LETA/ELTA.