International Internet Magazine. Baltic States news & analytics
Wednesday, 26.11.2014, 22:11
According to Statistics Estonia, in the 3rd quarter of 2014, the average monthly gross wages and salaries were 977 euros and the average hourly gross wages and salaries were 5.89 euros. Compared to the 3rd quarter of 2013, the average monthly gross wages increased by 5.0% and the average hourly gross wages by 5.6%.
Keyword tags: Analytics, Estonia, Financial Services, Markets and Companies, Wages
The pressure on prices from wage rises in 2014 is weaker than last year, Estonian central bank Eesti Pank said in comment to the fresh third quarter average wage increase data, cites LETA.
29% foreign tourists said that the most interesting tourist attractions in Riga was the Old Town, 6.3% – the Freedom Monument, 4.3% – Latvian National Opera, according to a study conducted by the Riga Tourism Development Bureau, cites LETA.
According to the International Telecommunication Union (ITU), Lithuania is ranked 40 among 166 countries in the annual Information and Communication Technology (ICT) Development Index 2014. Meanwhile, Latvia is ranked 33rd and Estonia – 21st, informs LETA/ELTA.
Every third suicide in Estonia is committed by a pensioner, as about 70 retirement-age people per year commit suicides, LETA/Eesti Ekspress writes.
According to Statistics Lithuania, investment in tangible fixed assets in the third quarter of 2014 amounted to LTL 4.7 billion (EUR 1.3 billion), or by 1.3% more at current prices than in the third quarter of 2013, reports LETA/ELTA.
DNB raised the economic growth forecasts for Estonia and Lithuania in 2014, but lowered its expectations for the performance of the Baltic countries in 2015, LETA/Public Broadcasting reports.
The government approved a new strategy to improve the business environment in 2014 and 2015 – while the strategy has no overarching goal, the government has decided that it should achieve a higher position for Latvia in the World Bank's "Doing Business" index, ahead of Estonia and Lithuania, as Prime Minister Laimdota Straujuma (Unity) told reporters after the government's meeting, cites LETA.
The state is losing EUR 80 million in taxes every year due to the premature death of residents caused by alcohol abuse, Latvian Health Minister Guntis Belevics (Greens/Farmers) said yesterday during the conference "Reducing Harm Caused by Alcohol in Latvia", organized by Latvian Medical Association, cites LETA.
In the latest Paying Taxes 2015 ranking prepared by the World Bank Group and PwC, Lithuania is placed 44th, by one place lower compared with last year. Estonia has dropped by 12 spots to 28th, while Latvia by 3 – to 24th, writes LETA/ELTA.
The Organisation for Economic Cooperation and Development (OECD) said in a fresh forecast that the Estonian economy will grow 2% in 2014, the growth will accelerate to 2.4% next year and to 3.4% in 2016, LETA/Postimees Online reports.
According to the data of Central Statistical Bureau (CSB), the number of visitors in hotels and other accommodation establishments (1) in the 3rd quarter of the year 2014 comprised 764.6 thousand people. That is 11.3% more than in the 3rd quarter of 2013.
Preliminary data compiled by the Central Statistical Bureau of Latvia show that in 2013 social protection expenditure in Latvia in accordance with the ESSPROS (1) methodology accounted for EUR 3 276.8 mln, which is EUR 188.4 mln more than in 2012.
Statistics Lithuania informs that, based on non-final data, in 2013, gross domestic product (GDP) increased in all counties. In 2013, the largest increase in nominal GDP per capita was observed in Vilnius and Kaunas counties – by 6.6 and 6.4% respectively; nominal GDP per capita in the whole economy grew by 6%.
According to the provisional data of Statistics Lithuania, in III quarter 2014, the accommodation establishments of Lithuania received 836.1 thousand guests, which is by 7.5% more than in the same quarter of 2013.