International Internet Magazine. Baltic States news & analytics
Wednesday, 12.03.2014, 18:30
Provisional data of the Central Statistical Bureau show that in January 2014 compared to previous month exports value of goods at current prices reduced by 8.3%, but imports value of goods – by 6.8%. In January Latvia has exported goods in amount of738.4 mln euros (519 mln lats), but imported – 917.5 mln euros (644.8 mln lats) more.
Keyword tags: Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Latvia
According to Statistics Estonia, 169,000 tourists used the services of accommodation establishments in January 2014. Compared to January of the previous year, the number of foreign tourists increased and the number of domestic tourists decreased.
Latvian Prime Minister Laimdota Straujuma told the LNT television channel this morning that Latvia must strengthen its information space to achieve a more unified position by the public on important matters, informs LETA.
Citadele Bank expects Latvia's gross domestic product to increase 4% to 4.5% in 2014, noting at the same time that the developments in Ukraine may undermine Latvia's growth, cites LETA.
The Nordea financial group cut its forecast for Estonia's economic growth to 2.8% in its fresh report, LETA/Public Broadcasting reports.
Latvian Foreign Ministry press secretary Karlis Eihenbaums, commenting Russian Ambassador to Latvia Alexander Veshnyakov's recent comments, told LETA today that, unfortunately, Russia frequently uses the non-citizen matter in Latvia for manipulation and demagogic purposes.
The board of the Estonian parliament, the Riigikogu, decided on Tuesday to take into proceedings the bill of ratification of the Estonian-Russian border agreements, Äripäev.ee/LETA reports.
President of Lithuania Dalia Grybauskaite met with German Foreign Minister Frank-Walter Steinmeier to discuss the situation in Ukraine and the EU's further steps to stop the escalation of the conflict. The meeting also focused on the need to ensure the work of international observer missions in Crimea, reports BC presidential press service.
Due to external factors, SEB banka has lowered its 2014 GDP growth forecast for Latvia from 4.8% to 2.9%. The bank's 2015 GDP growth forecast for Latvia has been lowered from 4.8% to 3.4%, informs LETA.
According to Statistics Estonia, in January 2014, exports of goods decreased by 20% and imports by 15% at current prices compared to January 2013.
The European Commission approved of the application of Estonian agriculture ministry to pay direct subsidies exceptionally to pig farming too in 2014, in order to ease the complicated situation in the sphere, LETA/Public Broadcasting reports.
President Dalia Grybauskaite urged not to repeat past mistakes when negotiating with the Russian gas giant Gazprom, informs LETA/ELTA.
Latvia's economy could grow 4% in 2014, whereas inflation could increase to about 1.5%, the International Monetary Fund (IMF) predicts, cites LETA.
After Lithuania’s Prime Minister Algirdas Butkevicius stated that Lithuania should be more deferential regarding Russia, otherwise Lithuanian business might be harmed, President Dalia Grybauskaite noted business transparency and ability to take risks, reports LETA/ELTA.
One-third of Latvia's residents believe that Russia's incursion in Ukraine is justified, whereas the proportion of non-Latvians who believe so is twice as high, according to a study carried out by the research company GfK in cooperation with the news agency LETA.