International Internet Magazine. Baltic States news & analytics
Thursday, 29.09.2016, 11:27
In August, a slow growth in the overall domestic loan portfolio was observed for a sixth consecutive month and the loan 12-month growth rate also remained in positive territory. With the funds in enterprise bank accounts on the rise, the balance of deposits attracted by banks also grew.
Keyword tags: Analytics, Banks, Economics, Financial Services, Latvia
Data of the Central Statistical Bureau (CSB) show that, compared to July, in August 2016 the level of construction costs in Latvia dropped by 0.4 %. Prices of building materials decreased by 0.8%, maintenance and operational costs of machinery and equipment reduced by 0.1%, whereas labour remuneration of workers did not witness any significant changes.
atvia ranks 49th in the latest Global Competitiveness Index by the World Economic Forum, having slipped down from the 44th position last year.
Lithuania's consumer confidence index was unchanged at minus 10 in September from August, data from Statistics Lithuania showed on Wednesday reports LETA/BNS.
This fall has been marked by numerous “jubilees”: 25th anniversary of restored Baltic States’ independence, re-opening of Nordic-Baltic diplomatic relations and flourishing of public diplomacy. The three Baltic States’ ambassadors in Denmark shared their views with the BC’s international editor on the countries’ present and further steps in streamlining mutual relations.
Latvia should get ready for the upcoming crisis, said Bank of Latvia president Ilmars Rimsevics in an interview with LNT television on Tuesday cites LETA.
Estonian consumer confidence showed a month-on-month improvement of 1 point in September, measuring -5 points; in September 2015 the confidence indicator was -7 points, the Estonian Institute of Economic Research said LETA/BNS.
The industrial confidence indicator in Estonia was 6 points in September, which marks a decline of 2 point from August and an improvement of 11 points compared with September 2015, the Estonian Institute of Economic Research said, writes LETA/ BNS.
Agricultural produce purchase prices in Lithuania dropped by 3.5% in August compared with a year ago, data from Statistics Lithuania showed on Friday, reports LETA/BNS.
According to a fresh study carried out by the consultation company Fontes, the wage gap between women and men has increased this year by 1 ppt compared with 2015, informs LETA/BNS.
According to Statistics Estonia, in August 2016, the producer price index of industrial output changed by 0.2% compared to July 2016 and by -1.3% compared to August 2015.
Data compiled by the Central Statistical Bureau (CSB) show that, compared to July, in August 2016 the level of producer prices in Latvian industry increased by 0.6%.The level of prices of products sold on the domestic market increased by 0.9%, whereas the prices of exported products rose by 0.2%. The level of producer prices of exports to euro area countries increased by 0.4%, and the level of prices of exports to non-euro area countries grew by 0.2%.
Industrial production and sales in Lithuania grew by 1.8% to 11.9 bln euros in the first eight months of 2016 year-on-year, Statistics Lithuania said on Wednesday. Seasonally- and workday-adjusted industrial growth rate was 1.5%, report LETA/BNS.
Some 3.166 mln passengers arrived in and departed from Lithuanian airports in the first eight months of this year, up by 13.8 % year-on-year, informs LETA/BNS.
Executive Secretary of the the United Nations Framework Convention on Climate Change (UNFCCC) Patricia Espinosa in her article in Huffington Post, underlined the urgency of states’ actions in climate actions and sustainability. The current rate of progress will only deliver success through every one’s extensive sustainability efforts…