International Internet Magazine. Baltic States news & analytics
Wednesday, 22.02.2017, 01:38
According to the data of the Central Statistical Bureau (CSB), the turnover value of the external trade of Latvian goods in December dropped by 2.6% month-on-month, with goods exports dropping by 8.8% and imports increasing by 11.4%. Year-on-year, the goods export and import values posted positive growth by, respectively, 7.6% and 11.4%, which should be considered a good performance.
Keyword tags: Analytics, Direct Speech, Export, Latvia
The absolute majority of financial market participants supervised by the Bank of Lithuania acknowledge that supervision by the central bank is effective, while the respondents assess highly the competence and behaviour of the supervisory staff – this is reflected in the results of the first survey of this kind. Market participants expect consultancy and assistance from the central bank, as well as quick response to inquiries and notifications, enhancement of submission of electronic documents.
The availability of financing of companies is aided by good access to bank lending, low interest rates, and profits built up earlier Companies are borrowing more than before from Estonia, and less from abroad Growth in household loans accelerated in 2016, but remained slower than growth in incomes and savings. The loan portfolio to companies and households will grow by around 5% in the years ahead, which is about the same rate as nominal GDP
The annual inflation in January continued to climb rapidly – consumer prices rose by 2.9% year-on-year. Within five months, inflation, starting at zero, reached an impressive level. There is no reason to expect similarly fast inflation rise during the next few months. All this year, however, inflation will remain close to 3%.
A will to deface a movie by Polish film-maker Andzhey Tarkovski-Kiliszevski “Attempt on the State” prevailed over requirements of professional ethics and pure logic in heads of Latvian TV show “Nothing personal” (Nekā personīga). Entering into collusion with swindlers and crooks, which are under investigation of Russian law-enforcement agencies, they made a hurry-scurry TV spot.
According to the results of the Survey of the Payment Habits of Lithuanian Residents, in 2016 survey participants holding accounts made utility payments slightly more often online, while at payment institutions – less often. Other payments, by nearly all of the surveyed, were made online rather than at bank or credit union branches. Cash payments were made somewhat less frequently at trading venues.
Kaunas, Lithuania. ‘ACME Film‘ announced that last year, 2016, reached totally 16 mln euros of Box Office in Baltic countries from all distributed movies. The main reasons behind the record are the increasing number of distributed movies to these countries, improvement of movies quality and increasing the number of cinema-goers.
Consumer price inflation climbed as oil and food became more expensive on the world market. The Eesti Pank December forecast expected average inflation for this year to be around 3.0%, and current developments are in line with that.
he loan and lease portfolio of Estonian companies and households grew quickly in 2016 and increased by 7%. The deposits of companies and households in banks grew by a rapid 9%. The profitability of the banking sector declined as service fee income was down and provisions were increased.
For a number of years, the EU and Russia had assumed the existence of a strategic partnership, based on the con vergence of values, economic integration and increasingly open markets and a modernisation agenda for society. Our agenda was positive and ambitious.
This time, the economic analysts were unanimous in their assessment that inflation would rise, but the actual data still exceeded the forecast; and it was the result of supply side factors. In December, consumer prices rose 0.6% month-on-month and 2.2% year-on-year. This ended the four-year period of very low (close to zero) inflation.
The year 2017 in the corporate communication field: putting things in order, analysing and pushing the boundaries
2016 Year was an exciting and eventful for the communications sphere. Some earlier started processes must now enter a stage of maturity. Here is a number of important trends in the corporate communication field which, in my opinion, will develop in 2017.