International Internet Magazine. Baltic States news & analytics
Sunday, 29.11.2020, 18:56
Retail trade turnover grew by 6.4 % in October in Latvia
27.11.2020Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to October 2019, in October 2020 total retail trade turnover rose by 6.4 %. Turnover of retail trade in food products grew by 7.2 %. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 2.2 %, but turnover of retail sale of automotive fuel – by 16.4 %.
Keyword tags: Analytics, Good for Business, Latvia, Markets and Companies, Retail
In October, the level of construction costs in Latvia increased by 0.4%
27.11.2020Data of the Central Statistical Bureau (CSB) show that, compared to September, in October 2020, the level of construction costs in Latvia increased by 0.4 %. Prices of building materials grew by 0.6 %, labour remuneration of workers – by 0.2 %, but maintenance and operational costs of machinery and equipment rose by 0.1 %.
Median salary in Estonia rises to EUR 1,189 in Q3
27.11.2020According to Statistics Estonia, the median wage increased by 19 euros or 1.6% to 1,189 euros in the third quarter of this year compared to the previous quarter, cites LETA/BNS.
Lithuania posts 0.2% monthly deflation for November
27.11.2020Lithuania's monthly annual deflation rate, as measured by the EU Harmonized Index of Consumer Prices (HICP), stood at 0.2% in November, initial data from the country's statistics office, Statistics Lithuania, showed on Friday.
Latvian monetary financial institutions report EUR 131.7 mln in ten-month profit
27.11.2020Latvian monetary financial institutions (mainly banks) earned EUR 131.7 mln in aggregate profit in the first ten months of 2020, which is by 11.3% less than in the same period a year ago, the Bank of Latvia reported.
Bank of Lithuania: Real estate market remains resilient yet faces more challenges
The real estate and construction market remains resilient in the face of the COVID 19 pandemic, yet its different segments are painting a mixed picture. Having recovered after the initial shock in spring 2020, the housing market is now showing historically high activity levels. However, the expected increase in the office vacancy rate signals serious challenges encountered by the commercial real estate market. These and other developments were discussed at the Annual Bank of Lithuania Real Estate Conference held online on 24 November.
About 1/6 Covid-19 patients have not symptoms, another 1/6 has to go to hospital in Latvia
Of the new Covid-19 cases discovered last week, 16% of patients developed no symptoms, said Jurijs Perevoscikovs, head of the Disease Risk Analysis and Prevention Department at the Center for Disease Prevention and Control (CDC), in a press conference today, informs LETA.
Luminor: Average pension in Latvia at 44% of average wage
The average monthly old age pension is Latvia is EUR 365, or 44% of the average wage, Anzelika Dobrovolska, pension product manager at Luminor Bank, said today in a discussion on the Latvian pension system's future, cites LETA.
Lithuanian women continue to earn less than men
Men's gross monthly wages in Lithuania exceeded those of women by 177.6 euros on average in the third quarter of 2020, according to figures released by Statistics Lithuania.
Lithuania's average gross wages rise by 10.2% in Q3
Lithuania's average gross monthly wages rose by 10.4% in the third quarter of 2020 from a year ago to 1,454.8 euros, Statistics Lithuania said on Thursday, cites LETA/BNS.
In Q3, the average monthly gross wages were 1,441 euros in Estonia
According to Statistics Estonia, in the 3rd quarter of 2020, the average monthly gross wages and salaries were 1,441 euros, which is 3.2% higher than last year.
EcoMin: Latvia must prepare for economic jump-start following Covid-19 crisis
Latvia must be prepared for an economic jump-start following the Covid-19 crisis, Saeima Education, Culture and Science Committee Chairman and former Economics Minister Arvils Aseradens (New Unity) said while presenting the 2020 Latvian Productivity Report on Wednesday, cites LETA.
The production of Estonian construction enterprises drops 12% in Q3
According to Statistics Estonia, in the third quarter of 2020, the total production of Estonian construction enterprises in Estonia and abroad decreased by 12% year on year. Considering only the Estonian construction market, the decrease in construction volume was 10%.
In 2019, social protection expenditure in Latvia increased by 7.6 %
Provisional data of the Central Statistical Bureau (CSB) show that in 2019 Latvian social protection expenditure accounted for almost 5 billion or EUR 4 775.6 million and, it has grown by EUR 335.4 million or 7.6 %, compared to 2018. Expenditure on sickness and heath care grew by 15.0 %, on survivors' support by 12.0 %, on old-age pensions and on material support for old age by 5.5 %.
Lithuania's wholesale electricity prices fall 28% w-o-w
Lithuania's average wholesale electricity price fell by 28% last week from a weak ago to 33.8 euros per megawatt-hour (MWh), Litgrid said, cites LETA/BNS.
Business and training in post-COVID period 
