International Internet Magazine. Baltic States news & analytics
Friday, 29.05.2015, 09:04
Statistics Lithuania informs that in April 2015, compared to March, construction input prices increased by 0.8%. The change was mainly influenced by a 2.2% increase in wages and salaries.
Keyword tags: Analytics, Construction, Lithuania, Real Estate
Latest data compiled by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2015 the average monthly gross wages and salaries accounted for 785 euros. The average wages and salaries kept increasing; however, growth rate has been slowing down.
According to Statistics Estonia, in the 1st quarter of 2015 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries decreased 3%.
The Commission proposed a 2016 EU budget of €143.5 billion to support the recovery of the European economy and help improve lives in Europe and beyond. The money will be invested to boost innovation, create jobs, help convergence among the member states and among regions, deal more effectively with migration and further strengthen the role of the EU as a global player.
In IMD World Competitiveness Ranking 2015, Lithuania moved to 28 position from 34, which is the highest position so far. Lithuania out-performed its neighbouring countries: Estonia stepped by one position to 31, Latvia declined by 8 positions to 43, Poland moved up but still is in position 33, reports LETA/ELTA, referring to Enterprise Lithuania.
The importance of exports in services for Lithuanian trade has been growing in recent years, and with the growth of the need for analytical information on this sector, the Bank of Lithuania updated the published country's balance of payments statistical data and from now on it will publish information in accordance with the countries that are Lithuania's key partners in the service trade, the central bank said in a statement, cites LETA/ELTA.
The idea of a reduced personal income tax rate should be dropped, according to the president of the Bank of Latvia, Ilmars Rimsevics, in an interview on the LTV morning show "Rita panorama", cites LETA.
According to the latest data of the Central Statistical Bureau (CSB) at the beginning of 2015, the number of population of Latvia accounted for 1 mln 986.1 thsd people, which is 15.4 thsd less than a year before. In 2014, the number of population witnessed a slower decrease (decrease of 0.77%) as compared to 2013 (1.10%).
According to Statistics Estonia, there were 2.6 million cinema visits in 2014, which is an all-time record since the restoration of independence. In the last nine years, cinema attendance has increased each year.
Electricity and gas prices of Latvian households was the fifth lowest in the European Union in the second half of last year, reports LETA, according to Eurostat.
Although more than half of Lithuania's residents believe their knowledge of personal finance planning is "good" and a third thinks that it is at least "mediocre", as many as 45% of those surveyed would have difficulties to pay for unexpected expenses seeking up to EUR 300, informs LETA/ELTA.
Estonian employers want to raise minimum wage to 448 euros in 2 years, trade unions – by a quarter more
The Estonian Confederation of Employers made a proposal at the meeting with the Trade Union Confederation on Tuesday to raise the minimum wage in Estonia to 448 euros a month in two years, while trade unions want by a quarter more, LETA/Postimees Online reports.
While for the year 2013, three people in Estonia declared an income of at least a million euros, for 2014, the number was 6, LETA/Postimees Online reports.
Statistics Lithuania informs that in I quarter 2015 average gross monthly earnings in the whole economy (individual enterprises excluded) totalled EUR 699.8, in the public sector (1) – EUR 720.1, in the private sector – EUR 689.1, and against IV quarter 2014, in the whole economy decreased by 2.1%.
The Finance Ministry projects that Latvia's GDP will increase by 2.1% in 2015, while the inflation rate is forecast at 0.4%, informs LETA.