International Internet Magazine. Baltic States news & analytics
Friday, 18.04.2014, 08:32
In 2013, the representation expenses of the parliament leadership amounted to LTL 100,000 (EUR 29,000). During 10 months of 2013, Parliament Speaker Vydas Gedvilas (until he was replaced by his party fellow Loreta Grauziniene) was the one to spend the most funds for representation, informs LETA/ELTA, referring to Lietuvos zinios.
Keyword tags: Analytics, Financial Services, Legislation, Lithuania
Over 10,000 operating location based stores have been registered in the Estonian economic activities registry, meaning that there is one store per around every 100 people, Äripäev Online's commerce news portal reports, cites LETA.
Prime Minister of Lithuania Algirdas Butkevicius has met the Constitutional Court's (KT) ruling on the compensation of civil servants' salaries with reserve, informs LETA/ELTA.
Lithuanian Government will continue to carry out responsible fiscal policy. On Wednesday the Cabinet of Ministers has approved convergence programme for 2014 by which Lithuania commits to maintain sustainable compliance with the Maastricht criteria in 2014-2017, and to be prepared for the euro adoption in early 2015, informs LETA/ELTA.
As less than 7 month remains until the planned introduction of the euro in Lithuania, more than a half of companies began preparations for the euro changeover, while residents are more passive in preparing for the euro, informs LETA/ELTA.
Annual inflation in Latvia was 0.3% in March 2014 – the third lowest across the European Union, according to the latest data from the EU's statistical office Eurostat, cites LETA.
Tougher sanctions on Russia would harm the business interests of several companies trading with our Eastern neighbour but companies have taken that into account and the effect on the Estonian economy as a whole should most likely be smaller than in Latvia, where transit and trade relations with Russia are closer, writes Äripäev/LETA.
Russian Ambassador Alexander Veshnyakov, interviewed by LTV, reassured viewers that Latvia faces no threat from Russia. He said that he realizes that Russia's operations in Ukraine have upset many people in Latvia, who are concerned about state security, informs LETA/ELTA.
Latvia's exports in January 2014 reduced by 3% when compared with the same month last year, which is the third smallest reduction in the EU, according to Eurostat.
The Welfare Ministry told LETA yesterday that if the European Union imposes sanctions against Russia, many people in Latvia could lose their jobs, especially those working in the rail and fish processing sectors.
The fact that Lithuania returned to one of the highest rating levels in Lithuania's sovereign credit history will make it possible to plan lower costs for servicing the public debt, says Prime Minister Algirdas Butkevicius. The savings will be directed towards education and health care, informs LETA/ELTA.
Statistics Lithuania informs that, based on provisional data, in 2013, the value added per hour actually worked in the whole economy amounted to, on average, LTL 45.32 at current prices, which is by LTL 1.96 more than in 2012. The gross value added per person employed amounted to LTL 83 447.
Compared to February 2013, industrial production output in Latvia decreased by 1.7% in February 2014 – the fourth largest reduction in the European Union, according to the EU's statistical office Eurostat. The largest year-on-year reductions were registered in the Netherlands – by 8.9%, Finland – by 5.4%, and Lithuania – by 2.1%, writes LETA.
In March 2014, 3 out of 5 (59%) Lithuanians said that in their opinion housing prices would increase in the short run. 21% of residents expected that housing prices in the coming 12 months would remain the same, while 9% of those polled thought that housing prices in Lithuania would decline, a survey commissioned by SEB bank revealed, cites LETA/ELTA.
In an interview to the Spanish newspaper ''El Mundo'', Latvian Foreign Minister Edgars Rinkevics (Reform Party) said that there will be no winner in the Ukraine crisis, and that only European Union and NATO membership is able to offer member states necessary stability, cites LETA.