Direct Speech

International Internet Magazine. Baltic States news & analytics Wednesday, 26.06.2019, 09:56

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Latvia’s energy sector: challenges and prospects

Latvia’s energy sector: challenges and prospects

21.06.2019

While possibly regarded as the back-bone of the existence of most economic activities, Latvia's energy sector is currently facing a number of challenges.

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



Nord Stream 2: The Russian gas pipeline splitting the European Union in two

Nord Stream 2: The Russian gas pipeline splitting the European Union in two

14.06.2019

The dogs may bark, but the caravan moves on. Russia’s state-owned gas company Gazprom gave an update on progress of the construction of the Nord Stream 2 gas pipeline in early April.

Although Lithuania’s financial system is stable, both external and internal risks prevail

Although Lithuania’s financial system is stable, both external and internal risks prevail

14.06.2019

Despite the deteriorated international environment, Lithuania’s financial system is stable, while banks’ resilience to potential shocks remains high. The country’s financial system is subject to two key risks: financial imbalances in the Nordic states that Lithuania’s banks are interconnected with and stronger activity in Lithuania’s credit and real estate (RE) market. Banks are increasingly more willing to grant loans to households, even though corporate lending has slowed down. Such trends are revealed in the latest Financial Stability Review of the Bank of Lithuania.


Is the Earth's rotation slowing down or does Latvia's economic growth lose momentum?

Is the Earth's rotation slowing down or does Latvia's economic growth lose momentum?

14.06.2019

The global economic growth is gradually slowing down; therefore, people and businesses in Latvia were also expected to gradually become more cautious, and this would mean lower GDP growth.

Prices continue to rise much faster in Estonia than in the euro area as a whole

Prices continue to rise much faster in Estonia than in the euro area as a whole

11.06.2019

Prices continue to rise much faster in Estonia than in the euro area as a whole.


06.06.2019

Remigration and brain gain in the Baltics

So far this century, no country in the world has suffered a greater depopulation rate than Latvia. In 2014, the population was 19% lower than in 2000. In the past two decades, the three Baltic countries lost a significant portion of their population. A combination of low birth rates, ageing population and emigration contributed to the decline.

03.06.2019

Latvia: Wage increase is driven by businesses' need to attract employees

According to the first-quarter data on wages released by the Central Statistical Bureau of Latvia, at the beginning of the year the average wage growth decelerated, whereas wages in the private sector continued rising at a steady pace. This indicates that wages have not yet responded to Latvia's economic slowdown in the first quarter of 2019.

03.06.2019

Sustainable tourism cooperation in the Baltic Sea region

With 227 mln overnight stays in 2016 of which 24% are international visitors, two digit growth rates between 2014 to 2016, and nearly 640.000 people employed in tourism related industries, tourism belongs to one of the major economic sectors in the Baltic Sea region (BSTC Tourism Market Report “State of the Tourism Industry in the Baltic Sea region”, 2018).

29.05.2019

Estonia: Wages are growing faster in the public sector than in the private sector

Statistics Estonia finds that the average gross wage in the first quarter of this year was 1341 euros a month, which is up 7.9% on a year earlier. The average wage has been rising faster in the public sector than in the private sector since 2017 and this is raising expectations for those working in the private sector. However, wage growth will probably to slow in future for companies to be able to adapt to weaker demand without reducing their staff.

29.05.2019

Economic Survey and Environmental Performance Review of Latvia

Dear Ministers Nemiro and Pūce, Excellencies, Ladies and Gentlemen, It is my pleasure to be back in Riga to present to you the 2019 Economic Survey and the first OECD Environment Performance Review (EPR) of Latvia. Together, these two reports chart a path towards a more dynamic, inclusive and environmentally sustainable future in Latvia. I would like to take this opportunity to thank the Latvian government for their co-operation in bringing both reports to fruition.

27.05.2019

Estonia`s households were active in borrowing in April

Borrowing by households slowed at the start of the year, but it bounced back in April as households were active in taking housing loans and car leases. The corporate loan portfolio has gradually increased in volume and the average interest rate on bank loans has remained at the average level of the past year.

20.05.2019

Lihutania: What is monetary policy and how it affects your income?

If one compared the euro area economy with the human body, money circulating in it would serve as blood, and the European Central Bank (ECB), which influences the price of money – interest rate, would constitute its heart. Just as the heart affects the functioning of the whole body, actions of the ECB strongly impact euro area economic developments, household and business borrowing conditions and the general price level. Decisions on the future stance of euro area monetary policy will be taken this June in Vilnius.

17.05.2019

Estonia: The labour market is doing well with low unemployment and increasing employment

Employment increased by 1.7% in the first quarter of 2019, while unemployment was at 4.7%, which is very low. Although a fall in confidence in foreign trading partners indicates the economy may be cooling, this has not yet had any notable impact on the Estonian labour market. The labour force survey shows that employment increased in the service sector and fell in the industrial sector.

15.05.2019

Responsible thinking becomes a building block for competitiveness

Two major political events have marked this year’s spring. In April 2019, the European Banking Authority and the European Banking Federation emphasised the willingness of EU supervisors, regulators and banks to move forward on the various challenges related to sustainable finance and engage in a structured dialogue for incorporating sustainability into EU banks' frameworks and risk management.

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