International Internet Magazine. Baltic States news & analytics
Wednesday, 07.12.2016, 10:38
According to Ero Viik, head of Swedbank's real estate department, the supply and demand of Estonian residential developments is in balance and no danger of overheating can be seen on the apartment market at present, writes LETA/BNS.
Keyword tags: Analytics, Banks, Estonia, Real Estate
Estonia outperforms the rest of Europe in the OECD's latest PISA survey, which evaluates the quality, equity and efficiency of school systems.Latvia is ahead of Lithuania but still trails behind Estonia.
The outlook for property & casualty (P&C) insurance globally is stable for 2017, as premiums are expected to grow in line with GDP while pricing and investment headwinds remain, Moody's Investors Service says BC.
Almost one-tenth of the Lithuanian population say they would like to leave the country for good and nearly one-third want to emigrate temporarily, according to a poll published by the Delfi.lt news website on Tuesday writes LETA/BNS.
EUR 140 mln is lost in Latvia each year because of counterfeiting and piracy, which makes up 15.7% of all sales in Latvia, according to studies carried out by the European Union Intellectual Property Office (EUIPO) through the European Observatory on Infringements of Intellectual Property Rights. As a result, 2,500 jobs are lost in Latvia every year, the EUIPO told LETA.
Investment activity in Latvia remains low, according to FICIL Sentiment Index 2015-2016 "Development of the investment climate in Latvia: the viewpoints of foreign investors" presented by the Foreign Investors' Council in Latvia (FICIL) on Monday.
According to Statistics Estonia, in the 3rd quarter of 2016, the total profit of the business sector was 856 million euros, which was 4% less than in the same period a year before.
The data compiled by the Central Statistical Bureau (CSB) show that, compared to October 2015, in October 2016 industrial production output increased by 6.7% (according to calendar adjusted data at constant prices). Production output rise in manufacturing comprised 7.0%, in mining and quarrying 9.8%, and in electricity and gas supply 5.1%.
n the third quarter of 2016 the current account had a surplus of 93.4 mil. euro (1.5% of gross domestic product (GDP)).
According to Statistics Estonia, in 2015 the expenditure on research and development (R&D) in Estonia amounted to 302.8 million euros, which was 6% more than in 2014.
According to Statistics Estonia, in October 2016, the production of industrial enterprises increased 5% compared to October of the previous year. Production increased in manufacturing and the energy sector, but decreased in mining and quarrying.
Data of the Central Statistical Bureau (CSB) show that, as compared to the 3rd quarter of 2015, in the 3rd quarter of 2016 the volume of freights carried by land and pipeline transport has decreased by 1.8 mln tonnes or 5.5%. The most notable drop in the volume of freights carried was recorded in rail transport – of 2.3 mln tonnes or 18.9%.
Unemployment rate in the eurozone was 9.8% in October which is the lowest indicator since July 2009, while the highest unemployment rate growth was registered in Estonia, reports LETA/BNS.
Estonia's cheap labor advantage compared with West Europe as well as quality advantage compared with East Europe are gone and therefore an action plan is needed, 40 companies focused on export find in a survey carried out by KPMG Baltics.
The weak economic growth in Latvia is still attributable to the fast drop in investments. The information published today by the Central Statistical Bureau indicates that gross domestic product (GDP) has grown by 0.2% (at constant prices; seasonally and working day adjusted data) quarter-on-quarter and year-on-year growth has been only 0.3%. Full GDP estimate is 0.4 p.p lower than the flash estimate published at the end of October.