International Internet Magazine. Baltic States news & analytics
Wednesday, 23.04.2014, 23:47
In the beginning of 2013, the mood among German companies operating in the Baltic States once again is very optimistic, thus carrying forward the trend of the past three years. The favourable economic conditions in the Baltic States and the positive prospects for the future also determine the expectations towards further developments of their turnovers and export activities and therefore let them expect a successful business year 2014, says the Business survey 2014 of the German-Baltic Chamber of Commerce (AHK).
Keyword tags: Analytics, EU – Baltic States, Financial Services, Good for Business, Investments, Markets and Companies
Compared to February, producer prices in industry in March 2014 decreased by 0.2%, according to the data of Central Statistical Bureau (CSB) of Latvia. In March 2014, compared to March 2013, the overall level of producer prices in the Latvian industry grew by 0.6%.
Deficit in the national budget in 2013 made up 1% of the Gross Domestic Product (GDP), which is the third lowest from all the European Union (EU) countries, latest data provided by Eurostat shows. The lowest budget deficit last year was registered in Estonia, informs LETA.
Purchasing Managers' Index (PMI) of production and services in the private sector of Eurozone in April 2014, has suddenly reached 54 points, in comparison with 53.1 points in March, the latest data, provided by company Markit, shows, reports RTTNEWS/LETA.
About one-half of the European Parliament candidates from Latvia are exposed to the risk of corruption, "Transparency International-Latvia's" (TI-L) Evija Goluba told reporters during a press conference at the Riga Central Market today, informs LETA.
The risks to the functioning of the Estonian financial sector are small, but the external environment is fragile, Estonia's central bank Eesti Pank said in its fresh financial stability report on Wednesday, cites LETA.
The Finance Ministry of Latvia has lowered its annual economic growth forecast for Latvia from 4.3% to 4% during the 2014-2016 period, informs LETA.
On Tuesday Prime Minister of Lithuania Algirdas Butkevicius presented the Government's report of the activities of 2013 to the Parliament. There were still more promises and plans mentioned than completed tasks, informs LETA/ELTA, referring to Lietuvos rytas.
Labour Member of Parliament in Lithuania Viktor Uspaskikh, has stated that by the end of 2014 the monthly minimum wage in Lithuania has to be increased to LTL 1,500 (EUR 435), informs LETA/ELTA.
According to Statistics Estonia, 3,164 live births were registered in Estonia in the first three months of the year 2014, which is the lowest result at least since 2006, LETA/Public Broadcasting reports.
In March 2014, industrial production totalled LTL 5319.0 million at current prices and, compared to February, decreased by 0.7% at constant prices, seasonally adjusted – by 3.6%.
Statistics Lithuania informs that in 2013, according to provisional data, the general government deficit totalled LTL 2570.4 million, or 2.15% of GDP. Over the year, the general government deficit decreased by LTL 1 123.6 million. In 2012, this indicator stood at 3.24% of GDP.
In the first quarter this year 5068 newborns were registered in the country, which is 358 babies more than in the first three months of 2013. Provisional data of the Central Statistical Bureau of Latvia show that, in March 1694 babies were registered in the country – 164 newborns more than in March 2013.
According to Statistics Estonia, compared to the previous quarter, the construction price index took a downturn in the 1st quarter of 2014 after three years of growth. The percentage change of the construction price index in the 1st quarter of 2014 was –0.1% compared to the 4th quarter of 2013 and 2.3% compared to the 1st quarter of 2013.
Prime Minister Algirdas Butkevicius is not happy with how corruption is fought in Lithuania. According to the head of the Government, even though indicators are improving, the progress should commence much faster, informs LETA/ELTA.