Analytics

International Internet Magazine. Baltic States news & analytics Saturday, 25.11.2017, 11:17

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EU Budget for 2018: directions for smart, inclusive and sustainable growth

EU Budget for 2018: directions for smart, inclusive and sustainable growth

24.11.2017

In mid-November 2017, negotiations on the EU budget for 2018 have been finalized. Total commitments for common EU issues are set at about €160.1 billion and payments reached nearly €144.7 billion. Smart and inclusive growth (with € 66,6 bln), as well as new directions in sustainable growth (with € 56 bln) occupy main priorities in the 2018 budget.

Keyword tags: Analytics, Budget, EU – Baltic States, Financial Services, Legislation



In 2016, social protection expenditure in Latvia increased by 4.2%

In 2016, social protection expenditure in Latvia increased by 4.2%

24.11.2017

Provisional data of the Central Statistical Bureau (CSB) show that in 2016 social protection expenditure in Latvia accounted for EUR 3 783.6 mln and, compared to 2015, it has grown by EUR 151 mln or 4.2%. Expenditure on unemployment rose by 19.2%, on sickness and heath care by 6.5%, and on support for families and children by 6.0%.

European Semester aims at sustainable and inclusive growth

European Semester aims at sustainable and inclusive growth

24.11.2017

European Semester is a specific EU’s control instrument over member states’ development. At the end of 2017, Commission sets out EU's economic and social priorities for 2018 and gives policy recommendation for the euro area states and completes the assessment of these states' draft budgetary plans. The Baltic States’ draft budgets are regarded compliant with the requirements for 2018.


GDP increased only in Vilnius, Kaunas and Šiauliai counties in Lithuania in 2016

GDP increased only in Vilnius, Kaunas and Šiauliai counties in Lithuania in 2016

24.11.2017

Statistics Lithuania informs that, based on non-final data, in 2016, gross domestic product (GDP) increased only in Vilnius, Kaunas and Šiauliai counties. In 2016, the bulk of GDP was created in Vilnius county – 41.6%; GDP created in Kaunas and Klaipėda counties accounted for, respectively, 20 and 11.1% of the country’s GDP. As in 2015, the contribution of Alytus, Marijampolė, Tauragė, Telšiai and Utena counties to the country’s GDP was below 4%.

Estonia's tax burden was higher than OECD average in 2016

Estonia's tax burden was higher than OECD average in 2016

24.11.2017

Estonia had a tax-to-gross domestic product (tax-to-GDP) ratio of 34.7% in 2016, slightly higher than the average ratio for member states of the Organization for Economic Cooperation and Development (OECD), figures available from the OECD show, cites LETA/BNS.


24.11.2017

16% young people in Latvia would like to start business or work in family business

16% of young people in Latvia would start their own business or would work in a family-run business, said Swedbank spokeswoman Kristine Jakubovska, citing the bank’s recent survey, informs LETA.

24.11.2017

Latvia shows Europe's 4th fastest drop in new commercial auto registration in January

During the first ten months of 2017, Latvia showed the fourth fastest drop in the registration of new commercial transport vehicles (trucks and buses) in Europe, informs LETA, according to the latest data released today by the European Automobile Manufacturers' Association (ACEA).

23.11.2017

Lithuania's accommodation industry posts 6.1% rise in guest numbers in 9 months

A total of 2.321 million people stayed at Lithuania's hotels, guesthouses and other accommodation establishments during the first three quarters of 2017, a rise of 6.1% on the same time last year, figures from Statistics Lithuania showed on November 23rd, cites LETA/BNS.

23.11.2017

Government of Juri Ratas celebrates 1st anniversary

The November 23rd marks the first anniversary of the government of Estonian Prime Minister Juri Ratas, informs LETA/BNS.

23.11.2017

SEB: 46% Latvians feel financially vulnerable

As many as 46% of Latvia's population feel financially vulnerable, writes LETA, according to a survey by SEB Banka carried out in all three Baltic states.

22.11.2017

In October, the level of producer prices in Latvian industry fell by 0.2%

Data of the Central Statistical Bureau (CSB) show that, compared to September, in October 2017 the level of producer prices in Latvian industry dropped by 0.2%. Prices of products sold on the domestic market decreased by 0.5%, while prices of exported products went up by 0.1%. Prices of products exported to euro area countries rose by 0.2%, whereas prices of products exported to non-euro area countries almost did not change.

22.11.2017

Industrial production in Lithuania decreased by 1% in October

Statistics Lithuania informs that in October 2017, based on provisional data, industrial production totalled EUR 1.79 billion at current prices and, compared to September, seasonally and calendar adjusted, decreased by 1% at constant prices (unadjusted – increased by 2.2%).

22.11.2017

Modern complex social problems: robotics, basic income and safety nets

EU and global economies are facing “labour problems”: in various states angry workers denounce both a shortage of jobs and low wages. Besides, robots already appear to be a threat to workers being able to replace millions of humans. Another issue is that of the basic income: the idea attracts attention around the world providing potentials for a universal social safety net implementation.

22.11.2017

Collaborative problem-solving skills of Estonian pupils the best among EU OECD member states

Estonian 15-year-old students achieved the best score among European countries in a global PISA collaborative problem-solving assessment based on data for 2015, informs LETA.

22.11.2017

Overall passenger traffic in Lithuania up 0.4% in 9 months

The overall passenger traffic in Lithuania increased by 0.4% in the first three quarters of 2017 from a year ago to 285.164 million, informs LETA/BNS, according to estimates released by the country's statistics office on Tuesday.

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