International Internet Magazine. Baltic States news & analytics
Tuesday, 09.02.2016, 17:46
Provisional data compiled by the Central Statistical Bureau of Latvia (CSB) show that in 2015 foreign trade turnover at current prices in Latvia amounted to EUR 22 860.1 million – by EUR 42.9 million or 0.2% less as compared to 2014. Exports value increased by EUR 122.9 million or 1.2%, while imports value decreased by EUR or 165.8 million or 1.3%.
Keyword tags: Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Latvia
According to Statistics Estonia, in 2015, exports from Estonia amounted to 11.6 billion euros and imports to Estonia to 13.1 billion euros at current prices. Trade has been declining for the last three years but the biggest fall occurred in 2015.
With macroeconomic situation in Russia and other CIS countries getting worse, external environment was not favorable for Lithuania’s exporters in 2015. Even so, they continue to refocus successfully and gain a foothold in new Western markets, Economy Minister has said, cites LETA/BNS.
Latvia's seaside resort Jurmala in 2016 hopes to attract by 5% more tourists than last year, Jurmala city council spokeswoman Zane Leite told LETA.
On Friday, February 5, 2016, three awards from OAG arrived in Riga for the Latvian airline airBaltic. As previously announced in January, OAG analysts, who tracked the performance of a total of over 50 million flight records, have ranked the Latvian airline airBaltic No 1 globally in punctuality in 2015, and awarded airBaltic in three categories – the world’s most punctual airline, the most on time airline in the EMEA region and the first in mainline category, reported BC Janis Vanags.
The two passenger ferries under construction for Port of Tallinn subsidiary TS Laevad at the Sefine shipyard in Turkey cost 22.8 million euros apiece and the other two being built in the Remontowa shipyard in Poland cost 31.5 million euros each, the weekly Eesti Ekspress claims, cites LETA/BNS.
After the Transatlantic Trade and Investment Partnership (TTIP) comes into force, Latvia's exports to the United States could increase 15%, informs LETA, according to a study by AmCham EU.
The Riigikogu national defense committee on February 8th examined the positions of the government on the proposed amendments to the EU Firearms Directive, and supported them by consensus, reports LETA/BNS.
Members of the ruling coalition have formulated Latvia's negative position on accepting additional numbers of asylum seekers, as Prime Minister Maris Kucinskis (Greens/Farmers) told reporters after the coalition's meeting yesterday, cites LETA.
Lithuania this week will redeem a 1-billion-euro Eurobond issued ten to eleven years ago, informs LETA/BNS.
NordBalt, a power interconnection between Lithuania and Sweden, which was completed last November and currently operates in a trial mode, is being tested at the maximum capacity of 700 megawatts (MW) on Monday, Litgrid has said, cites LETA/BNS.
The Commission's winter forecast shows that the overall growth outlook has changed little since the autumn. There is a risk that growth could turn out worse, mainly as a result of external factors. In the euro area, growth is projected to increase to 1.7% this year from 1.6% last year, and to climb to 1.9% in 2017. EU economic growth is forecast to remain stable at 1.9% this year and rise to 2.0% next year.
The Russian producer of organic cosmetics Pervoye Reshenie has opened a plant in Estonia through which it hopes to win back the Ukrainian market and enter European markets, informs LETA/BNS.
One out of five Internet users in Lithuania last year experienced security-related issues over the Internet, figures from the EU statistical office Eurostat showed on Monday, cites LETA/BNS.
Kaunas police investigators have helped their French counterparts crack an international network of thieves of trucks – the persons are suspected of stealing the vehicles in France and bringing them to Lithuania, informs LETA/BNS.