International Internet Magazine. Baltic States news & analytics
Sunday, 29.05.2016, 08:47
Latest data of the Central Statistical Bureau (CSB) show that, at the beginning of 2016 in Latvia there were 1 million 969 thousand residents. In 2015, population number reduced by 0.86% or 17.1 thousand persons, while in 2014 population number declined by 0.77% or 15.4 thousand.
Keyword tags: Analytics, Baltic States – CIS, Demography, Latvia, Society
Data of the Central Statistical Bureau (CSB) show that, compared to March 2016, in April 2016 level of construction costs in Latvia reduced by 0.7%. Prices of building materials decreased by 1.6%, while labour remuneration of workers increased by 0.6% and maintenance and operational costs of machinery and equipment – by 0.1%.
Although several large companies listed on the Tallinn stock exchange are paying more dividends in 2016 than last year, analysts are forecasting that as a result of wage pressure and smaller investments companies are to pay less dividends next year, the daily Postimees reports, cites LETA/BNS.
Society and the government both share the responsibility for the shadow economy, believes Latvian president Raimonds Vejonis, informs LETA.
The recommendations provided by the Organization for Economic Cooperation and Development (OECD) gave a strong stimulus to carry out the necessary reforms in Latvia, particularly to clamp down on corruption and money laundering, as well as to enhance the management of state-owned enterprises, Foreign Minister Edgars Rinkevics (Unity) believes, cites LETA.
In 2015, the amount of new direct investments in Europe has grown with 5,083 new direct investment projects implemented in Europe, which is by 14% more than in 2014, creating 217,666 new workplaces, up 17% year-on-year, according to the annual EY Europe Attractiveness Survey, informs LETA.
The Foreign Investors' Council in Latvia presented the report on Shadow economy in Latvia from the investor’s viewpoint that will take place on Thursday, 26 May, from 10:00 to 12:00 in Radisson Blu Hotel Latvija.
Statistics Lithuania informs that in I quarter 2016 average gross monthly earnings in the whole economy (1) totalled EUR 748: in the public sector (2) – EUR 762.8, in the private sector – EUR 740.4. Against IV quarter 2015, average gross monthly earnings in the whole economy decreased by 1.2%: in the public sector – 2.6%, in the private sector – 0.4%.
Tatjana Poplavska, an indirect co-owner of the joint-stock egg producer Balticovo, is the richest woman in Latvia with an estimated worth of EUR 30 million, as the Kapitals business magazine's representative Raimonds Locmelis told LETA.
Past crises seem like small headaches compared to the challenges the European Union is facing today, Estonian President Toomas Hendrik Ilves said speaking at the Stanford University on May 23rd, cites LETA/BNS.
According to Statistics Estonia, in the 1st quarter of 2016, the average monthly gross wages and salaries were 1,091 euros and the average hourly gross wages and salaries were 6.86 euros. Compared to the 1st quarter of 2015, the average monthly gross wages and salaries increased by 8.1% and the average hourly gross wages and salaries by 7.7%.
Although unlicensed computer software is closely connected to increased cyber threats, 49% of computer software in use in Latvia are pirated, a study by Business Software Alliance (BSA) shows, cites LETA.
The monthly median payout to a working person in Estonia was 784 euros in the first quarter of 2016, compared with 728 euros in the same quarter of 2015, figures provided by the Tax and Customs Board show, cites LETA/BNS.
The number of deaths in Estonia in 2013 that could be considered as premature, as they could have been avoided in the light of medical knowledge and technology, made up 42.5% of the total number of deaths that year, figures published by Eurostat indicate, cites LETA/BNS. The indicator puts Estonia in fifth place from the bottom among EU member states, better only than Romania, 49.4%, Latvia, 48.5%, Lithuania, 45.4%, and Slovakia, 44.6%.
According to the data of the Central Statistical Bureau (CSB) in the 1st quarter of 2016 more than 366.0 thsd visitors stayed in Latvian accommodation establishments, which is 1.6% more than in the corresponding period of the previous year. As compared to the 1st quarter of 2015, the number of foreign visitors grew by 2.5%, and the number of nights spent increased by 7.6%.