International Internet Magazine. Baltic States news & analytics
Tuesday, 03.03.2015, 13:10
According to Statistics Estonia, in January 2015 compared to January of the previous year, the retail sales of goods of retail trade enterprises increased 5% at constant prices.
Keyword tags: Analytics, Estonia, Good for Business, Markets and Companies, Retail
Approximately two-thirds (67%) of Latvian residents of an economically active age surveyed would like to buy real estate in the future. According to a survey conducted by the Ektornet real estate company, and the TNS research agency, those who would like to purchase real estate would most often prefer a detached house in an urban (37%) or rural area (31%), reported BC Ektornet communications consultant Aiva Eiduka.
The Estonian National Elections Committee announced that on Monday, a second recount of the votes given at the Sunday parliamentary elections in Estonia took place in county committees, as required by law; the recount did not cause changes in the distribution of mandates, informs LETA,
Riga was ranked 2nd in Europe as a city for fast-growth businesses by influential US business publication Inc..Vilnius has been ranked 4th. The list, compiled by influential US business publication Inc., rated European cities on the number companies that made it onto Inc.’s 5000 Europe list of rapidly-expanding enterprises, reports BC, referring to Invest Lithuania.
In January 2015, Lithuania's seasonally adjusted unemployment accounted for 9.8% (144,000 persons), Eurostat, the statistical office of the European Union, reports. In January 2014, the country's seasonally adjusted unemployment stood at 11.4% (167,000 persons). The euro area (EA19) seasonally-adjusted unemployment rate was 11.2% in January 2015, down from 11.3% in December 2014, and from 11.8% in January 2014, writes LETA/ELTA.
"We are pleased that the revised GDP for 2014 compared to 2013 increased by 3% rather than by 2.9% as it was announced in the preliminary estimates. The higher growth was driven by the growth of the construction industry, also, the Government's decisions regarding housing renovation under the new programme," Lithuanian Prime Minister Algirdas Butkevicius said on Monday, referring to revised data from Statistics Lithuania.
Estonia ought to continue developing high-tech and knowledge-based economic sectors, stated the European Bank of Reconstruction and Development (EBRD) in its overview of the bank’s client countries’ economies, reports LETA, referring to the Ministry of Finance.
According to the information on freight transport compiled by the Central Statistical Bureau, in 2014 the total volume of freights carried in main transport sectors has grown by 2.5% as compared to 2013 in Latvia.
Data of Central Statistical Bureau show that, compared to December 2014, the total retail trade turnover in January 2015 rose by 1.7%, according to seasonally adjusted data at constant prices.
In 2015, Latvia's economic growth will be similar to that of 2014, as the head of the IMF mission in Latvia Shekhar Aiyar told a press conference today, cites LETA.
Statistics Lithuania informs that, according to the revised data, in IV quarter 2014, GDP at current prices amounted to EUR 9 259.6 million (LTL 31 971.7 million). Compared to the same period in 2013, real GDP growth, seasonally and working day adjusted, stood at 2.5%, compared to III quarter 2014 – at 0.6%.
The governing Estonian party, the Reform Party, won the Riigikogu elections on Sunday with a narrow lead over the biggest opposition party, the Centre Party, while altogether six parties will be represented in the 101-member parliament this time, informs LETA.
Taking into account various risks, as well as lower prices for energy resources, the Finance Ministry has updated its macroeconomic forecast for 2015 and reduced Latvia's growth projections for 2015 from 2.8% to 2.1%, reports LETA.
According to the first preliminary mayoral election results published by the Central Electoral Commission (VRK), the Social Democrats have the most of mayoral leaders – 16, reports LETA/ELTA.
Data compiled by the Central Statistical Bureau (CSB) show that in 2014, compared to 2013, GDP at constant prices grew by 2.4%. Gross domestic product at current prices comprised 24.1 bln euro, in the 4th quarter of 2014 – 6.5 bln euro.