International Internet Magazine. Baltic States news & analytics
Wednesday, 24.09.2014, 05:26
According to the adjusted data of Statistics Estonia, in 2013 the Estonian general government deficit was 0.5% and the gross debt level was 10.1% of the gross domestic product.
Keyword tags: Analytics, Budget, Estonia, EU – Baltic States, Financial Services, GDP
In an interview to Latvian Radio today, Bank of Latvia President Ilmars Rimsevics said that due to the reciprocal sanctions imposed between Europe and Russia, Latvia's economic growth could slow down to 2.5% in 2015, cites LETA/Nozare.lv.
The European Bank for Reconstruction and Development (EBRD) has a more optimistic economic growth forecast for Latvia in 2014 than Latvian itself, Prime Minister Laimdota Straujuma (Unity) told members of the press today, cites LETA.
Statistics Lithuania informs that in August 2014, industrial production totalled LTL 5.4 billion (EUR 1.6 billion) at current prices and, compared to July, dropped by 7% at constant prices, seasonally adjusted – by 3.6%.
In August 2014, 1 880 newborns were registered in the country, which is 22 more than in August 2013. Provisional data of the Central Statistical Bureau of Latvia show that in the first eight months of 2014, 14 368 babies were registered in Latvia, which is 576 newborns more than in the corresponding period of 2013.
According to Statistics Estonia, in August 2014, the producer price index of industrial output changed by -0.1% compared to July 2014 and by -1.0% compared to August 2013.
Three decades ago, the east coast of Tianjin City was a patch of deserted land with a few scattered factories. Now it is home to more than 14,000 companies, of which 5,000 are foreign-funded.
According to preliminary data, in the second quarter of 2014 all modes of transport carried 29.9 million tonnes of goods, i.e. by 8.1% more than in the second quarter of 2013 when 27.7 million tonnes were carried, informs LETA/ELTA, referring to the Statistics Department.
According to Statistics Estonia, in the 2nd quarter of 2014, the Dwelling Price Index changed by 1.1% compared to the 1st quarter and by 14.5% compared to the 2nd quarter of 2013.
The Political Council of the ruling majority in Lithuania convened for a sitting on Friday and reached a decision to increase the basic pension from 1 July 2015. If the increase comes on that date, then the move will require additional LTL 92 million (EUR 26.6 million), informs LETA/ELTA.
Compared to July, producer prices in industry in August 2014 have not changed, according to the data of Central Statistical Bureau of Latvia. Producer prices of products sold on the domestic market rose by 0.2%, but prices of exported products declined by 0.2%; of which prices in exports to euro area countries decreased by 0.5%, but to non-euro area countries – did not change.
According to Statistics Estonia, in the 1st quarter of 2014, 83% of households in Estonia had access to the Internet at home. The gap between the younger and older population in computer and Internet use is decreasing.
Lithuania has continued its strong growth in attracting foreign direct investment projects over the first half of 2014 despite a fall in investments in the region as a whole, according fDi Markets, The Financial Times' database of foreign direct investment (FDI), Invest Lithuania, foreign direct investment development agency, reports.
Google is the most popular brand in Latvia in 2014, as a survey carried out by DDB Latvija in collaboration with GfK Custom Research Baltic, PHD Latvija, and magazine "Kapitals" indicates, cites LETA/Nozare.lv.
Minister of Foreign Affairs of Lithuania Linas Linkevicius met with William Danvers, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), who is visiting Vilnius on 18 September. Linkevicius thanked the OECD Secretariat for its professional assistance and consultations during this period of intense cooperation and stressed that Lithuania is ready to effectively contribute in achieving the OECD goals, informed BC the MFA.