International Internet Magazine. Baltic States news & analytics
Saturday, 10.10.2015, 12:04
Statistics Lithuania informs that, after the revision of gross value added and employment indicators, labour productivity estimates were recalculated. In 2014, the value added per hour actually worked in the whole economy amounted to, on average, EUR 13.62 at current prices, which is by EUR 0.31 more than in 2013. The gross value added per person employed amounted to EUR 24 975.
Keyword tags: Analytics, Employment, EU – Baltic States, Financial Services, GDP, Lithuania, Markets and Companies
Latest data compiled by the Central Statistical Bureau show that compared to July manufacturing turnover (1) in August 2015 according to seasonally adjusted data (at current prices) declined by 1.9%.
According to Statistics Estonia, in August 2015, exports of goods decreased by 6% and imports by 3% compared to August of the previous year. The decrease in exports was mostly influenced by a fall in the trade of electrical equipment, metals and products thereof, and mineral products.
According to Statistics Estonia, 394,000 tourists used the services of accommodation establishments in August 2015, which was 4% more than in August 2014. The number of both foreign and domestic tourists increased.
Statistics Lithuania informs that in September 2015, compared to August, prices for consumer goods and services increased by 0.6%. In September 2015, annual (September 2015, against September 2014) deflation stood at 1% (in September 2014, against September 2013, deflation stood at 0.1%).
An Enterprise Estonia management sphere study indicated that management of Estonian large companies is still rather male-centred, LETA/Postimees Online reports.
According to the latest data of the Central Statistical Bureau (CSB), compared to September 2014, the average consumer price level in September 2015 (1) declined by 0.5%.
On October 8, 2015, Estonia celebrates the first Entrepreneurs Day; Statistics Estonia wrote in it statistics blog that in 2014, there were nearly 114,000 economically active enterprises in Estonia, which is 53,000 more than ten years ago, informs LETA.
President Dalia Grybauskaite met with King Carl XVI Gustaf and Queen Silvia of Sweden, who are on a three-day state visit in Lithuania. During their meeting, the President and the Swedish royal couple discussed the results and prospects of longstanding and close bilateral cooperation. This is the second state visit by the King and Queen of Sweden in Lithuania after 23 years, reports BC presidential press service.
Experts polled by the Estonian Institute of Economic Research estimate that Estonia's economic climate has improved slightly as compared to three months ago, while the situation of the Estonian economy can be considered satisfactory, LETA/Public Broadcasting reports.
The factor affecting price levels most in Estonia is still energy, Estonia's central bank Eesti Pank said in comments to the September 2015 inflation data, cites LETA.
According to Statistics Estonia, the change of the consumer price index in September 2015 was –0.6% compared to August 2015 and –0.7% compared to September of the previous year.
Due to the weak first quarter and lower-than-expected exports, SEB lowered on Wednesday the economic growth forecast for Estonia for the year 2015 to 1.9% instead of 2.2% forecast earlier, LETA/Postimees Online reports.
The National Audit Office of Lithuania has completed the audit of 60 municipalities. The auditors found systematic problems in the fields of planning and allocating municipal budget, borrowing, organizing free meals for pupils, ensuring civil safety, road and street maintenance, municipal domestic transactions and financial reporting, the Audit Office reports BC.
Every fifth resident in Latvia, or 21%, have purchased illegal alcohol, cigarettes or gasoline the past year, according to a survey by SKDS, cites LETA.