International Internet Magazine. Baltic States news & analytics
Wednesday, 15.08.2018, 23:50
Estonia's illicit cigarette market moving to southern border towns - study
15.08.2018The smoking of counterfeited and illicit cigarettes was on a slight upward trend in Estonia in the second quarter of this year, and as a result of cross-border trade the market for cigarettes not bearing Estonian tax stamps is concentrating in towns near the country's southern border from the northeast, it appears from an empty pack survey conducted by market research company Nielsen, cited LETA/BNS.
Keyword tags: Analytics, Estonia, Markets and Companies, Taxation
Bank of Lithuania curbs ill-founded application of credit borrowing rates
15.08.2018The Supervision Service of the Bank of Lithuania has carried out an investigation of the consumer credit market and identified that, in breach of existing legal acts, four companies calculated interest rates fixed in consumer credit agreements inappropriately, Bank of Lithuania informed.
In the 2Q of 2018, Latvian unemployment rate fell to 7.7%
15.08.2018Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2018 Latvian unemployment rate constituted 7.7%. Compared to the previous quarter, unemployment rate fell by 0.5 percentage points, while over the year it dropped by 1.2 percentage points.
Amount of fresh milk supplied by Latvian dairy farmers down 8.16% in July
15.08.2018The amount of fresh milk supplied by Latvian dairy farmers in July this year dropped 8.16% from the same period of last year to 72,820 tons, according to the information from the Latvian Agricultural Data Center writes LETA.
In the 2Q of 2018, 64.4% of population in Latvia were employed
15.08.2018Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 909.6 thousand people or 64.4% of Latvia population aged 15–74 (incl.) were employed in the 2nd quarter of 2018. Over the year, employment rate grew by 1.8 percentage points and number of employed persons by 17.9 thousand. Compared to the previous quarter, employment rate grew by 0.9 percentage points and number of employed persons by 11.6 thousand.
The labour market remains favourable for employees – Estonian cbank
The Estonian labour force survey shows that the number of people in employment was 2% higher in the second quarter of 2018 than a year earlier and the unemployment rate was 5.1%. Both labour market participation and the employment rate remain close to their historical peaks.
Temporary and part-time jobs on the rise in the EU
According to Eurostat data, the possibility of finding a permanent job decreased slightly between 2002 and 2017, as the share of temporary employees in the EU increased from 11% in 2002 to 13% in 2017.
In euro area industrial production down by 0.7% in June 2018
In June 2018 compared with May 2018, seasonally adjusted industrial production fell by 0.7% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.
GDP up by 0.4% in both euro area and EU28
Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the second quarter of 2018, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.
Lottery and gambling turnover increases 11.5% in Latvia
Latvian lottery and gambling companies' revenue from gambling rose 11.5% in the first half of 2018, amounting to EUR 126.401 mln, informs LETA referring to the Lotteries and Gambling Supervisory Inspection of Latvia.
Unemployment decreased rapidly in Estonia
According to Statistics Estonia, in the 2nd quarter of 2018, the unemployment rate was 5.1%, the employment rate 68.2% and the labour force participation rate 71.9%. The unemployment rate was the lowest in a decade.
Construction output in Latvia grew by 31.6% in the 2nd quarter of 2018
The latest data compiled by the Central Statistical Bureau (CSB) of Latvia show that, compared to the 2nd quarter of 2017, in the 2nd quarter of 2018 construction output increased by 31.6% (according to calendar adjusted data at constant prices).
Inflation behind rise in people living below poverty line in Lithuania – expert
Inflation and related growth in living standards were behind a rise in people living below the at-risk-of-poverty threshold in Lithuania last year, informs LETA/BNS referring to the economist Gitanas Nauseda, an adviser to the SEB bank's president.
By 2030, China will be 1.9 times larger than the USA and India in terms of GDP at PPP – Euromonitor International
Euromonitor International, the world’s leading provider of strategic market research and data analysis, has recently released a report “Why Economy, Finance and Trade Insights Matter for Business Strategy” on changing global economic landscape.
Latvian unemployment unchanged at 6.4% in late July
The registered unemployment rate in Latvia was at 6.4 percent of the economically active population at the end of July this year, or unchanged from June, according to the State Employment Agency's data.
Modern solutions to the Baltics’ banking sector
