International Internet Magazine. Baltic States news & analytics
Tuesday, 30.06.2015, 17:28
Data of Central Statistical Bureau show that, compared to April, the total retail trade turnover in May 2015 dropped by 0.9%, according to seasonally adjusted data at constant prices. Retail trade in food products declined by 1.6%, whereas turnover of non-food products – by 0.4%.
Keyword tags: Analytics, Latvia, Markets and Companies, Retail
Data compiled by the Central Statistical Bureau of Latvia show that in 2014, the average forest regeneration costs in Latvia comprised EUR 557 – EUR 662 per hectare, depending on the forest land quality group (1).
The euro area seasonally-adjusted unemployment rate was 11.1% in May 2015, stable compared with April 2015, and down from 11.6% in May 2014. This is the lowest rate recorded in the euro area since March 2012, said Eurostat, the statistical office of the European Union, cites LETA/ELTA.
Increasingly more foreigners want to stay and live in Latvia, reports LETA, according to a study on the profile of third-country citizens in Latvia.
The unemployment rate in Latvia decreased 0.1 percentage points to 8.5% in June 2015, however, unemployment in Kurzeme province increased 0.5 percentage points, according to the State Employment Agency's data, cites LETA.
Data of Central Statistical Bureau (CSB) show that, compared to April, level of construction costs in Latvia in May 2015 remained the same.
Statistics Lithuania informs that, based on provisional data, in May 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 745.8 million; against April 2015, it increased by 1.4% at constant prices (seasonally adjusted – decreased by 1.2%).
Statistics Lithuania informs that construction input prices in May 2015, against April, increased by 1%. The change was mainly influenced by a 3.3% increase in wages and salaries, informs LETA/ELTA.
Based on EY's European Attractiveness Survey, in 2014 the three Baltic States completed by 9% more investment projects and created by 31% more jobs than in 2013. Foreign direct investment in Europe resulted in 12% increase in new jobs, reports LETA/ELTA.
Latvia can currently take in about 50 to 60 refugees, Interior Minister Rihards Kozlovskis (Unity) said in an interview with the LNT show "900 sekundes", cites LETA.
The European Council approved the Commission's country-specific economic policy recommendations at its meeting attended by President Dalia Grybauskaite, reported BC the presidential press service.
Due to Latvia's strong fiscal position, international ratings agency Standard&Poor’s has kept Latvia's rating at ''A-'' with a stable outlook in July 2015, reported BC the Latvian Institute.
In 2014, compared with 2013, the number of inbound tourists arriving for overnight trips grew by 2.5%, from 2 to 2.1 million. Meanwhile, the number of inbound tourists arriving for same-day trips fell by 3%, from 3.3 to 3.2 million, writes LETA/ELTA.
Latvia’s president Andris Berzins on June 26th 2015 promulgated amendments to the Law on State Pensions, stipulating recalculation of pensions as of next year in order to prevent the impact of a negative index of mandatory state social insurance contributions (capital index), writes LETA.
Latvia's integration policies are ad hoc and project-based through the European Union, and they reach only a small part of immigrants, the think tank Providus researcher Marta Riksa told LETA when commenting the findings of the 2015 Migrant Policy Integration Index (MIPEX), reported LETA.