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Saturday, 04.07.2015, 00:57
In May, compared with May 2014, the volume of retail trade increased by 4.9% in Latvia, which is the fifth best growth among the European Union member states for which data are available, according to latest information provided by Eurostat. Estonia was second, writes LETA.
Keyword tags: Analytics, EU – Baltic States, Good for Business, Markets and Companies, Retail
In May 2015, producer prices in Latvia declined 0.1% from April, which was the smallest reduction in the EU, reports LETA, according to the latest report released by the EU statistical office Eurostat.
According to Statistics Estonia, in May 2015, the production of industrial enterprises decreased by 2% compared to May of the previous year. Production decreased in manufacturing and mining as well as in energy production.
Prime Minister Algirdas Butkevicius says that Lithuania's GDP growth has not met projections because export still cannot recover from the embargo imposed by Russia, reports LETA/ELTA.
Lithuanian Prime Minister Algirdas Butkevicius says that discussions on how many refugees each member-state of the European Union can take in will most probably be based on a formula, which links the country’s GDP, and population, informs LETA/ELTA.
Statistics Lithuania and the Bank of Lithuania inform that in I quarter 2015, the foreign direct investment (FDI) flow into Lithuania and the Lithuanian direct investment flow abroad was on the increase. Please note that this news release presents FDI calculated by applying directional principle, i.e. by estimating reverse investment. Therefore, the data differ from the direct investment information provided in the balances of payments and international investment where assets and liabilities principle is applied for the calculation of the said investment.
According to Statistics Estonia, in May 2015 compared to May of the previous year, the retail sales of goods of retail trade enterprises increased by 8% at constant prices. While in April retail sales increased by 6% compared to the same month of the previous year, then in May the growth in retail sales accelerated slightly.
Only Romania uses more fiber-optic Internet with a speed of over 100 Mbit/s than Latvia, reports LETA, according to a European Commission report on the electronic communication sector.
The minimum monthly wage and the old-age pension has been increased in Lithuania from 1 July 2015, reports LETA/ELTA.
In 2013, around 985,000 persons acquired citizenship of a Member State of the European Union (EU), up by 20% (or about 163,000 persons) compared with 2012. Of the total number of persons obtaining the citizenship of one of the EU Member States in 2013, 89% were citizens of non-EU countries, said Eurostat, the statistical office of the EU, cites LETA/ELTA.
Upon the conclusion of the Latvian Presidency of the Council of the European Union, on Tuesday, 30 June 2015, the Cabinet of Ministers reviewed the report on “Results of the Latvian Presidency of the Council of the European Union”, informed BC the Latvian MFA.
In the 2014-2015 academic year, the number of students in Lithuania per 1,000 population totalled 182 (in 2013-2014, 187). In total, in the 2014-2015 academic year, the number of students amounted to 532,000, or each fifth resident of Lithuania, informs LETA/ELTA.
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%.
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.