International Internet Magazine. Baltic States news & analytics
Sunday, 26.02.2017, 07:27
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 95.3 thousand persons aged 15–74 were unemployment in 2016. Compared to 2015, the number of unemployed persons has declined by 2.9 thousand or 3.0 %. In 2016, Latvian unemployment rate constituted 9.6 %; it was 0.3 percentage points (ppt) lower than in 2015. The unemployment rate among females still was lower than that among males – 8.4% and 10.9%, respectively.
Keyword tags: Analytics, EU – Baltic States, Labour-market, Latvia, Statistics
Statistics Lithuania informs that in IV quarter 2016 average gross monthly earnings in the whole economy (excl. individual enterprises) totalled EUR 822.8: in the public sector2 – EUR 849.7, in the private – EUR 809.1. Against III quarter 2016, average gross monthly earnings in the whole economy increased by 3.7%: in the public sector – by 5.3%, in the private – by 2.8%.
According to the preliminary data of Statistics Estonia, in 2016 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.1 billion euros, which was 3% more than in 2015. The construction volumes increased after two years of decline.
he European Commission said in its annual analysis published on Wednesday that while Estonia has one of the best performing labor markets in the European Union, but its declining working-age population and the continuing increase of labor costs per worker might reduce the country's competitive ability, reports LETA/BNS.
Latvia's harmonized annual inflation was among the highest in the European Union (EU) in January, Eurostat said on Wednesday.
In 2016, the final electricity consumption in Lithuania totalled 10.47 kilowatt hours (or 10.47 terawatt hours, TWh). A record growth in the consumption was observed last year: residents, businesses, agriculture and transport used 4.5% more electricity compared to 2015. The growth rate in agriculture was as high as 8.4%, service sector 5.7%, residents 4.3%, and transport sector 4%. The lowest year-on-year growth rate (3.5%) was recorded in the industrial sector.
According to the data of the Central Statistical Bureau (CSB), the turnover value of the external trade of Latvian goods in December dropped by 2.6% month-on-month, with goods exports dropping by 8.8% and imports increasing by 11.4%. Year-on-year, the goods export and import values posted positive growth by, respectively, 7.6% and 11.4%, which should be considered a good performance.
The Estonian Institute of Economic Research (EKI) estimates that approximately EUR 8.5 mln of revenue generated by Estonians' alcohol purchases flowed into the Latvian state budget last year, writes LETA/BNS.
Heated debate about the EU’s future in the European Parliament recently showed that the EU faced big shocks if reforms were not introduced urgently. Three separate reports were debated in Strasbourg’s plenary prepared by most influential party groupings: socialist, Christian democrats and liberal democrats.
Statistics Lithuania informs that, based on the data from the Building Permits and State Construction Supervision Information System of the Republic of Lithuania (IS) Infostatyba, in IV quarter 2016, against IV quarter 2015, the number of building permits issued increased by 13.8%, of which for the construction of new residential buildings – by 27.9%.
Lithuania in the fourth quarter of 2016 registered the largest quarterly increase in construction output in the European Union, figures from the EU statistical office Eurostat showed on Friday.
The availability of financing of companies is aided by good access to bank lending, low interest rates, and profits built up earlier Companies are borrowing more than before from Estonia, and less from abroad Growth in household loans accelerated in 2016, but remained slower than growth in incomes and savings. The loan portfolio to companies and households will grow by around 5% in the years ahead, which is about the same rate as nominal GDP
Provisional data of the Central Statistical Bureau (CSB) show that 716.0 thousand hectares of land were covered with cereals in 2016 – 43.6 thousand hectares or 6.5 % more than in 2015, leading to the largest cereal cropland area observed since 1984. Harvested production of grain has diminished; half of the harvested winter wheat were produced in Zemgale