International Internet Magazine. Baltic States news & analytics
Thursday, 29.06.2017, 13:51
Helsinki and Tallinn – happy siblings of the Baltic Sea
28.06.2017The development of Helsinki–Tallinn cooperation has long been a subject of study in official working groups. But in practice, people have already voted with their feet: the cities are already one extensive urban area. In 2016, the Gulf of Finland was crossed almost 9 mln times. Breakfast in Helsinki and lunch in Tallinn. Shopping in both. Museum visits. Such is everyday life in an extensive urban cluster - cheerful cultural relations.
Keyword tags: Analytics, Cooperation, Direct Speech, Economics, Estonia, EU – Baltic States, Transport
The turnover of enterprises engaged in wholesale and retail trade of motor vehicles and motorcycles in Lithuania increased by 1.1%
28.06.2017The turnover of enterprises engaged in wholesale and retail trade of motor vehicles and motorcycles in Lithuania increased by 1.1%.
Consumer confidence indicator remained unchanged in Lithuania
28.06.2017Statistics Lithuania informs that in June 2017 the consumer confidence indicator stood at minus 12; against May, it remained unchanged. More pessimistic expectations about changes in the household’s financial situation in the coming 12 months were counterbalanced by more optimistic expectations about changes in the country’s economic situation and making at least some savings in the coming 12 months.
Watchdog disappointed with the state of Latvian banks' internal control systems
27.06.2017The state of Latvian banks’ internal control systems has proved disappointing in previous years, Peteris Putnins, chairman of the Financial and Capital Market Commission (FCMC), told journalists today as he commented the fining of three Latvian banks for their involvement in circumventing sanctions against North Korea.
Month-on-month drop in Latvian foreign trade is likely short-lived
27.06.2017The month-on-month drop in export and import observed in April, in all likelihood, will be short-lived and is not an indication of serious problems and changes in the growth trend in foreign trade.
Estonia's industrial confidence indicators rise in June
The confidence index of Estonian industrial enterprises rose one point month over month to 11 points in June, compared with 2 points registered for June 2016, data available from the Estonian Institute of Economic Research shows.
Household consumption expenditure in Lithuania increased by one-fifth
Statistics Lithuania informs that based on the provisional data of the Household Budget Survey, in 2016, average household consumption expenditure equalled EUR 298 per capita per month. Compared to 20121, monthly consumption expenditure grew by 20.3%, or EUR 50. Consumer price growth adjusted, compared to 2012, consumption increased by 18.9%.
More than half of Latvians believe that globalization increases social inequalities
More than a half or 58% of Latvia's population believe that globalization increases social inequalities, according to the Eurobarometer survey carried out in April this year.
Lithuania's civic empowerment index grows in 2016
The civic empowerment of the Lithuanian population grew last year, experts from the Civil Society Institute said on Monday as they presented their annual Civic Empowerment Index (CEI), writes LETA/BNS,
Substantial increase in demand for shashlik, cheese, beer and wine during Ligo! holidays
ccording to retailers questioned by LETA, there has been a substantial increase in demand for shashlik (marinaded BBQ meat), cheese, beer and wine for the midsummer Ligo! holidays.
The industrial producer price index in Estonia continued to increase in May
According to Statistics Estonia, in May 2017, the producer price index of industrial output changed by 0.3% compared to April and by 4.2% compared to May 2016.
Share of renewable energy resources in gross energy consumption increases in Latvia
Provisional data of the Central Statistical Bureau (CSB) show that, in 2016 gross energy consumption1 in Latvia comprised 184.5 petajoules (PJ), which is only 0.3 % more than in 2016. Over the past five years (from 2011 to 2016), the gross energy consumption has not changed significantly, however the share of renewables in it has increased.
New trends in economic policy: OECD outlook 
