International Internet Magazine. Baltic States news & analytics
Thursday, 05.05.2016, 21:03
Data compiled by the Central Statistical Bureau (CSB) show that, compared to March 2015, in March 2016 industrial production output grew by 2.7% (according to calendar adjusted data at constant prices), of which by 3.7% in manufacturing, by 0.1% in electricity and gas supply, whereas in mining and quarrying there was a decrease of 4.9%.
Keyword tags: Analytics, Baltic Export, Good for Business, Industry, Latvia, Markets and Companies
The demand for housing loans in the Baltic States has been growing for the third year in a row with Estonians borrowing most actively to buy or renovate homes while Latvians are still trailing behind their Baltic neighbors, SEB Banka said, cites LETA.
Of the 621 tasks set out in the action program of the three-party coalition government in Estonia that took office after the elections of March 2015, 50 had been fulfilled and 554 were either being fulfilled or had been fulfilled partially by May 4th, informs LETA/BNS.
According to the revised data of Statistics Estonia, 1,315,944 persons lived in Estonia on 1 January 2016 – 2,673 persons more than at the same time a year earlier. The population figure decreased by 1,336 persons due to negative natural increase, but increased by 2,410 as a result of positive net migration.
The International Monetary Fund (IMF) projects the Latvian economy to grow by 2.5% in 2016, Ben Kelmanson, the head of the IMF mission to Latvia, said at a news conference on May 3rd, informs LETA.
The Russian economy remains in a state of protracted recession, resulting from a combination of negative factors, of both external and internal nature, the head of the EU delegation to Russia, Vygaudas Usackas, told BNS in an interview, cites LETA.
More than a half of Lithuanians living abroad are not thinking about returning to their homeland, with only expatriates in the United Kingdom or Russia, whose social and economic situation has worsened, being more interested in such a possibility, a survey carried out for the Foreign Ministry has shown, cites LETA/BNS.
EU Commission lowers Estonia's 2016 economic forecast to 1.9%; 2.8% GDP growth for Lithuania and Latvia
The European Commission expects the Estonian economy to grow 1.9% in 2016 and 2.4% the next year, it appears from the newly-released spring 2016 economic forecast. Lithuania's GDP growth will accelerate to 2.8% this year and to 3.1% next year. Commission predicted that Latvia's GDP will increase 2.8%, informs LETA/BNS.
Increased labor migration raised the number of residence permits issued to foreigners in Estonia by one-third in 2015, figures available from the Police and Border Guard Board show, cites LETA/BNS.
Latvian residents' attitude to asylum seekers continues to be negative, according to a public opinion survey carried out by SKDS in April 2016, as the Diena newspaper reports today, cites LETA.
New customs rules have just entered into force; they will make life simpler for businesses to trade and better protect consumers against illegal and counterfeit goods. The Union Customs Code (UCC) should be fully implemented by the end of 2020. During the transitional period, the new rules will apply by using existing IT systems and, in some cases, paper forms.
Most employees in Latvia would like to receive EUR 1,122 in net monthly wage, a new survey by TNS pollster shows, cites LETA.
39% Estonian residents 39use mobile internet in their computer, which is one-tenth more than at the same time last year and in 2014, a survey by Turu-uuringute AS indicates, reports LETA/BNS.
The unemployment level in Latvia could reduce to 8.7% this year, informs LETA, according to projections from the Economy Ministry.
Around 3,000 persons have gathered in Dome Square for May 1 rally organized by the Free Trade Union Confederation of Latvia calling for "respectable jobs and respectable remuneration for healthy and educated people in Latvia", informs LETA.