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Sunday, 29.11.2015, 07:11
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in III quarter 2015, GDP at current prices amounted to EUR 10 012.9 million. Compared to the same period of 2014, the real GDP change stood at 1.7% (1) (seasonally and working day unadjusted – 1.7%).
Keyword tags: Analytics, Economics, GDP, Lithuania, Markets and Companies
Latest data compiled by the Central Statistical Bureau (CSB) show that in the 3rd quarter of 2015 the average monthly gross wages and salaries in the country accounted for 829 euros. As compared to the 3rd quarter of 2014, they increased by 7.3%, which is a more rapid growth than in the 1st quarter (6.2%) and second quarter (6.4%)*.
Statistics Lithuania informs that, based on provisional data, in October 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 779.6 million; against September 2015, it increased by 2.9% at constant prices (seasonally and working day adjusted – increased by 0.6%).
Latest data of the Central Statistical Bureau (CSB) show that compared to September construction costs in Latvia in October 2015 increased by 0.2%. Labour remuneration of workers increased by 0.5%, prices of building materials – by 0.2%; in turn, maintenance and operational costs of machinery and equipment did not change significantly.
Lithuania informs that in October 2015, compared to September, construction input prices decreased by 0.5%. The change was mainly influenced by a 1.4% decrease in wages and salaries.
According to the Bank of Estonia, the 7-% gross salary increase in the third quarter of the year shows that in spite of a deceleration of economic growth the most important indicators of the labor market are positive due to financial buffers collected by companies and very favorable interest rates, informs LETA/BNS.
The Lembergs family – Aivars, Anrijs and Liga Lembergs – is again the wealthiest family in Latvia this year, the total value of their properties is estimated at EUR 120 million – EUR 51 million down from 2014, reports LETA, according to a study carried out by journalists Lato Lapsa and Kristine Jancevska, corporate finance company Laika Stars, and Lursoft.
35.3% of children in Latvia are under risk of poverty and social exclusion, reports LETA, according to a report from the EU statistical bureau Eurostat.
Preliminary data of the Central Statistical Bureau (CSB) show that in 2014 social protection expenditure in Latvia accounted for EUR 3 359.6 mln, which is EUR 76.4 mln or 2.3% more than in 2013.
According to Statistics Estonia, in the 3rd quarter of 2015, the average monthly gross wages and salaries were 1,045 euros. Compared to the 3rd quarter of 2014, the average monthly gross wages and salaries increased by 6.9%, and compared to the 2nd quarter of 2015, the average monthly gross wages and salaries decreased by 3.4%.
This essay was written by me for the October issue of the “Baltic Rim Economies Review”, published by the Pan-European Institute of the School of Economics at the University of Turku, Finland. The publication reviews its opinion on the important issues of development set out by experts from 80 countries, including EU commissioners, prime ministers, members of parliaments, regional decision-makers, executive directors of major corporations, representatives of media, leading academics among other experts
For the fourth year in a row, ABLV Bank owners Olegs Fils and Ernests Bernis top the list of 100 richest persons in Latvia, according to a study done by journalists Lato Lapsa and Kristine Jancevska, corporate finance company Laika stars and Lursoft, cites LETA.
After successfully participating in the "IBTM World 2015" business travel fair in Spain, the Latvian capital Riga has been recognized as one of the 10 European cities best suited for organization of international congresses, conferences and corporate events, the Riga Tourism Development Bureau (RTAB) said, cites LETA.
The monthly median payout to a working person in Estonia rose by 8.3 percent on year to 733 euros in the third quarter of 2015, figures provided by the Tax and Customs Board show, cites LETA/BNS.
Investments in tangible fixed assets in Lithuania totaled 3.98 billion euros in the first nine months of the year 2015, a rise of 10% from the same period last year, preliminary data from Statistics Lithuanian showed on Wednesday, cites LETA/BNS.