International Internet Magazine. Baltic States news & analytics
Tuesday, 27.01.2015, 07:45
Almost one-third or 30% of Latvians who live abroad are not planning to come back, according to a survey of 14,068 Latvians living in 118 countries, the largest such survey to date, reports LETA.
Keyword tags: Analytics, Education and Science, EU – Baltic States, Latvia, Markets and Companies, Society
A total of 463 entrepreneurs were financed by the Entrepreneurship Promotion Fund (VSF) in 2014 in Lithuania, or by 55% more than in 2013. Young people aged up to 29 years old were the most enterprising, reports LETA/ELTA.
The Baltic States, which have freed themselves from the Soviet rule, can help the West to better understand Russia's problems, says Lilia Shevtsova, researcher at the Carnegie Moscow Center, reports LETA.
In November 2014, compared to October, the prices of exported goods in Lithuania decreased by 1%, while the prices of imported goods went down by 1.8%, reports LETA/ELTA.
Swedbank analysed in January 2015 what the effects the fall of the rouble exchange rate, sanctions against Russia and the global oil price decline have had on companies operating in Estonia and found that the impact was smaller than expected, LETA/Postimees Online reports.
After the European Central Bank (ECB) decided to turn on the euro printing machine, bank DNB analysts say that even extended quantitative easing (QE) will not directly solve problems of the euro area as the roots of slow economic development lie within the loss of competitiveness, informs LETA/ELTA.
According to the data of the Central Statistical Bureau of Latvia (CSB),compared to 2013 average level of producer prices in Latvian industry in 2014 rose by 0.4%. In December 2014, level of producer prices in Latvian industry, compared to November, reduced by 0.4%.
On Thursday, January 22, addressing the World Economic Forum in Davos during the panel discussion “Europe’s Twin Challenges: Growth and Stability”, Latvian Prime Minister Laimdota Straujuma emphasized that Europe’s economic growth is a must for stability, reported BC press secretary to the Prime Minister Aiva Rozenberga.
Statistics Lithuania informs that in December 2014 industrial production totalled EUR 1.57 billion at current prices and, compared to November, decreased by 3.6% at constant prices, seasonally adjusted – by 2.9%.
Measures against shadow economy were quite successful in 2014, as several criminal groups were busted in Latvia, the State Revenue Service (SRS) Director Inara Petersone said in an interview with Latvian Radio this morning, cites LETA.
Thursday marks one year since Latvian Saeima elected Laimdota Straujuma (Unity) as the prime minister. Straujuma admits that her first year in office has been full of challenges, Straujuma's press secretary Aiva Rozenberga informed LETA.
During the year 2014, the number of non-citizens in Latvia's total population has reduced from 13% to 12.1%, the head of the Naturalization Department at the Office for Citizenship and Migrations Affairs Igors Gorbunovs said at Saeima Citizenship, Migration and Social Cohesion Committee.
In the time period between 2010 and 2012, 30.4% Latvian enterprises reported innovation activity, which is the fourth lowest indicator in the European Union (EU), according to data gathered by Eurostat, cites LETA.
In 2014, a total of 3.8 million passengers used the services of Lithuania's three airports in Vilnius, Kaunas and Palanga, or by 9.1% more than in 2013, informs LETA/ELTA.
Compared to the respective period in 2013, house prices rose 11.7% in Latvia in the third quarter of 2014, the third steepest increase in the European Union, according to the latest data from the EU's statistical office Eurostat, writes LETA.