International Internet Magazine. Baltic States news & analytics
Friday, 09.12.2016, 09:44
Two thirds or 67% of minorities living in Latvia feel close ties with the country, according to a study conducted by the Baltic Institute of Social Sciences "Minority Participation in Democratic Processes in Latvia", reports LETA.
Keyword tags: Analytics, Demography, Lithuania, Society
At a meeting of the Estonian Payment Environment Forum in Eesti Pank, the commercial banks confirmed that interbank payments have been being made earlier in the morning since 21 November 2016. Clients can now receive payments to their accounts from another bank earlier on the mornings of working days than before. This is one of the biggest changes affecting the speed of payments since the Estonian banks joined the Single Euro Payment Area (SEPA).
The latest data of the Central Statistical Bureau (CSB) show that during the year* (in November 2016, compared to November 2015) the average level of consumer prices increased by 1.3%. Prices of goods grew by 0.6% and prices of services by 2.9%.
Continuing in the tradition of making a selection of calls aimed at provoking conversation on what might surprise or shock the investment returns in the year ahead this year’s predictions cover a range of scenarios, including a Chinese growth rebound, an Italian bank rally, Brexit giving way to Bremain and the EU’s willingness to change in the face of populist backlash, among others. The Outrageous Predictions should not be considered Saxo’s official market outlook, it is instead the events and market moves deemed outliers with huge potentials for upsetting consensus views.
Latvia continues to lag behind the Baltic Sea region’s average level as its standing in the Baltic Sea Index has decreased by 6.8 points, according to Swedbank’s latest Baltic Sea Report.
Specialists of the Rietumu Group have prepared a new review on the profitability of investment funds of Rietumu Asset Management in November. The review includes an analysis of key economic indicators and monetary policy. It provides comprehensive information on the situation on stock markets, bond, currency and commodity markets. The review is accompanied with extensive comments from experts.
The average share of smokers of cigarettes in Lithuania is higher than that in the rest of the European Union, Eurostat said on Wednesday.
According to Ero Viik, head of Swedbank's real estate department, the supply and demand of Estonian residential developments is in balance and no danger of overheating can be seen on the apartment market at present, writes LETA/BNS.
Estonia outperforms the rest of Europe in the OECD's latest PISA survey, which evaluates the quality, equity and efficiency of school systems.Latvia is ahead of Lithuania but still trails behind Estonia.
The outlook for property & casualty (P&C) insurance globally is stable for 2017, as premiums are expected to grow in line with GDP while pricing and investment headwinds remain, Moody's Investors Service says BC.
Almost one-tenth of the Lithuanian population say they would like to leave the country for good and nearly one-third want to emigrate temporarily, according to a poll published by the Delfi.lt news website on Tuesday writes LETA/BNS.
EUR 140 mln is lost in Latvia each year because of counterfeiting and piracy, which makes up 15.7% of all sales in Latvia, according to studies carried out by the European Union Intellectual Property Office (EUIPO) through the European Observatory on Infringements of Intellectual Property Rights. As a result, 2,500 jobs are lost in Latvia every year, the EUIPO told LETA.
Investment activity in Latvia remains low, according to FICIL Sentiment Index 2015-2016 "Development of the investment climate in Latvia: the viewpoints of foreign investors" presented by the Foreign Investors' Council in Latvia (FICIL) on Monday.
According to Statistics Estonia, in the 3rd quarter of 2016, the total profit of the business sector was 856 million euros, which was 4% less than in the same period a year before.
The data compiled by the Central Statistical Bureau (CSB) show that, compared to October 2015, in October 2016 industrial production output increased by 6.7% (according to calendar adjusted data at constant prices). Production output rise in manufacturing comprised 7.0%, in mining and quarrying 9.8%, and in electricity and gas supply 5.1%.