International Internet Magazine. Baltic States news & analytics
Saturday, 10.10.2015, 21:17
Statistics Lithuania informs that, after the revision of gross value added and employment indicators, labour productivity estimates were recalculated. In 2014, the value added per hour actually worked in the whole economy amounted to, on average, EUR 13.62 at current prices, which is by EUR 0.31 more than in 2013. The gross value added per person employed amounted to EUR 24 975.
Keyword tags: Analytics, Employment, EU – Baltic States, Financial Services, GDP, Lithuania, Markets and Companies
In recent years, there have been numerous publications on Russian internal and external policies: it seems all – politicians, academics and publicists- wanted to write a few lines “about Russia” in their involvement to better understanding of the Russian way of life.
According to Statistics Estonia, in August 2015, exports of goods decreased by 6% and imports by 3% compared to August of the previous year. The decrease in exports was mostly influenced by a fall in the trade of electrical equipment, metals and products thereof, and mineral products.
According to Statistics Estonia, 394,000 tourists used the services of accommodation establishments in August 2015, which was 4% more than in August 2014. The number of both foreign and domestic tourists increased.
On 8 October the King of Sweden, His Majesty Carl XVI Gustaf, and his delegation visited the most modern power system control centre in the Baltic countries and got acquainted with the history of Lithuanian power system control, reports BC energy company Litgrid.
Ports managed by the Estonian state-owned Tallinna Sadam (Port of Tallinn) serviced in September 709,271 passengers; as compared to the same period of the previous year, the number of passengers was by 2.1% higher and it was the best September result ever, the company announced LETA.
The Ministry of Finance of Lithuania has selected banks Barclays, BNP Paribas and HSBC to distribute in international financial markets Eurobonds issued by Lithuania, reports LETA/ELTA.
Combined cycle unit of Elektrenai Power Plant in Lithuania increased electricity generation due to significant price hike in the Nord Pool Spot power market. October 8th afternoon the unit was generating electricity at 420 MW capacity, thus ensuring the security of electricity supply, reports LETA/ELTA.
The fruit and vegetable processing company Spilva is compensating a reduction of exports to Russia with an increase in exports to Europe, as well as new export markets, the company's director Lolita Bemhena informed LETA.
In the second quarter of 2015, the flow of foreign direct investment (FDI) to Lithuania amounted to EUR 65.23 million, or 3.5 times more than in the same period a year ago, reports LETA/ELTA.
On 8 October 2015, during a three-day state visit in Lithuania, King Carl XVI Gustav of Sweden together with Lithuanian Minister of Transport and Communications Rimantas Sinkevicius visited Swedish capital company TEO LT, informed BC the ministry.
President Dalia Grybauskaite, who is on an official visit in Switzerland, met with Swiss President Simonetta Sommaruga to discuss European and national security, the refugee crisis and cooperation between Lithuania and Switzerland in science and business, reports BC presidential press service.
Prime Minister Algirdas Butkevicius met with King Carl Gustaf XVI and Queen Silvia of Sweden to discuss the current close bilateral relations and prospects for future cooperation. Later, the Head of Government and the Swedish monarchs visited the Sunrise Valley Technology and Innovation Center, where they focused on the cooperation in the field of science, informed BC governmental press service.
The Community of European railway and infrastructure companies (CER) closely followed today’s deliberations in the Transport Council on the Fourth Railway Package. CER welcomes the general approach adopted by the Transport Ministers on the so-called Market Pillar of the Fourth Railway Package. Now it is time to proceed swiftly with the trilogue negotiations with the European Parliament, and to let the Technical Pillar enter into force as soon as possible.
President Dalia Grybauskaite together with King Carl XVI Gustaf of Sweden, who is on a state visit in Lithuania, attended the Swedish Business Awards Ceremony. The Awards, which celebrate their tenth anniversary, aim at strengthening Lithuanian and Swedish business ties and highlighting business responsibility towards society and nature as well as the benefits of international cooperation in business, reports BC presidential press service.