Direct Speech

International Internet Magazine. Baltic States news & analytics Saturday, 19.08.2017, 16:04

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Unemployment: lowest in the last 9 years in Latvia

Unemployment: lowest in the last 9 years in Latvia

18.08.2017

The labour force survey data received today are not surprising: unemployment in Latvia continues to drop. At 8.9%, unemployment rate is the lowest since 2008 and lower than Latvia’s historical average. It is also slightly lower than the current euro area average. Moreover, unemployment may have even dropped slightly below the natural rate (Fig. 1).

Keyword tags: Analytics, Direct Speech, Employment, EU – Baltic States, Inflation, Latvia



Ambassador Riekstins: relations between Latvia and Russia are not easy

Ambassador Riekstins: relations between Latvia and Russia are not easy

18.08.2017

Relations between Latvia and Russia are not easy but it is a diplomat’s mission to talk and seek common ground, Latvian ambassador-designate to Russia Maris Riekstins said in an interview with LNT commercial TV channel this morning, cites LETA.

Export momentum supports manufacturing in Latvia in H1

Export momentum supports manufacturing in Latvia in H1

08.08.2017

Supported by external markets, manufacturing grew fast in the first six months of the year, providing a stable support for growth of gross domestic product (GDP). The greatest contribution to growth was made by the high technology branches in which practically all of the output is exported.


Economic growth in Latvia shoots up in 2017

Economic growth in Latvia shoots up in 2017

03.08.2017

In the last couple of quarters, the Latvian economy grew at rates well above those seen in the recent past. Cyclical recovery is observed not only in Latvia, but throughout Europe. In many countries and trade partners, growth is faster than forecast.

Mertsina: euro becoming stronger has small impact on Estonian economy

Mertsina: euro becoming stronger has small impact on Estonian economy

03.08.2017

According to Swedbank's chief economist Tonu Mertsina, the euro becoming stronger does not have a strong impact on Estonia's foreign trade and the economy, writes LETA/BNS.


14.07.2017

Ilves: EU funding doesn’t fit for supporting new forms of enterprise

The current European Union funding mechanisms for business are not suited for supporting contemporary forms of entrepreneurship, former Estonian president Toomas Hendrik Ilves said in an interview, cites LETA/BNS.

28.06.2017

Helsinki and Tallinn – happy siblings of the Baltic Sea

The 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.

27.06.2017

Watchdog disappointed with the state of Latvian banks' internal control systems

The 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.

26.06.2017

Kyrgyzstan Humiliates Latvia. Minister Rinkevic adopts a wait-and-see approach...

In May, the news came from Kyrgyzstan stating that four Latvian citizens were sentenced to 20 years each in prison. Such a tough punishment was also determined for Valeri Belokon. It should be immediately emphasized that the Latvian citizens are not actually imprisoned. The court issued the default judgment (a judgment given in default of appearance in a civil action linked to criminal proceedings). What this all is about? And how does this story has emerged?

20.06.2017

DONBASS: Humanitarian crisis in silence. Since 2014 until now.

Late autumn 2014 we met with Alexander Hug, principal deputy of the OSCE observation mission in Ukraine for the first time. It was Brussels, the European Parliament and the hearing on the future of Minsk Agreements held there. Now we are again together. This time in Helsinki talking about the future of Minsk Agreements.

15.06.2017

U.S. engagement in the Baltic Region

When Estonia, Latvia, Lithuania and Poland requested and received U.S. and NATO military support following Russia’s invasion of Ukraine in 2014, it garnered massive attention – and rightly so. The measured response to Russian aggression, which supplemented on-going training, exercises, and Baltic Air Policing, demonstrated U.S. commitment to the region’s security and stability, and helped to ease the increasing anxiety resulting from Russia’s actions. As important as this was, defense cooperation is but one facet of U.S. engagement in the Baltic region. Equally important are the commercial, scientific, education, and other ties that round out one of the most dynamic sets of relations the United States has anywhere in the world.

15.06.2017

Vitas Vasiliauskas: Financial system stable, yet challenges are on the horizon

The country’s banking sector operates profitably and is resilient to potential shocks. Lithuania’s lending growth is one of the highest in Europe and, if the real estate (RE) market and credit growth rates remain at present levels or increase further, risk to stability may increase over the next few years.

15.06.2017

Inflation in Latvia down for the first time in nine months

As expected, annual inflation rate decreased in May (to 2.8%). This was the first decrease in nine months. In the coming months, inflation will be positively affected by a gradual appreciation of services and negatively by oil price dynamics.

13.06.2017

The Saeima Human Rights and Social Affairs Committee chairman on the verdict of Kyrgyzstan to a citizens of Latvia

On 12 May 2017, in Kyrgyzstan, without giving a prior notice to the attorneys, a confidential court hearing was called and during a few hours, the judgment was issued in absentia and conviction was handed down against the following citizens of the Republic of Latvia - the former shareholder of Manas Bank Valeri Belokon and former executives of Manas Bank Jevgenijs Verbickis, Anita Lase and Yuri Kachnov. They were sentenced to serve 20-years custodial service, and property forfeiture (confiscation) was ordered.

12.06.2017

Belarus – EU: reliable neighbourhood turning stable partnership

Since gaining sovereignty and independence a quarter of the century ago Belarus has made wide strides in its political, social and economic development against very heavy internal and external odds.

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