Direct Speech

International Internet Magazine. Baltic States news & analytics Wednesday, 22.02.2017, 01:38

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Latvian exports creep forward in a determined way

Latvian exports creep forward in a determined way

20.02.2017

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



Bank of Lithuania to operate not only as heavy-handed demanding regulator

Bank of Lithuania to operate not only as heavy-handed demanding regulator

20.02.2017

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.

Financing conditions are favourable for economic growth in Estonia

Financing conditions are favourable for economic growth in Estonia

17.02.2017

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


Annual inflation rate approximates 3%

Annual inflation rate approximates 3%

16.02.2017

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%.

Who stands behind N.Pinska?

Who stands behind N.Pinska?

14.02.2017

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.


14.02.2017

Non-cash payments becoming more significant for Lithuanian residents

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.

08.02.2017

What Movies of Last Year People Watched in the Baltic Countries?

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.

07.02.2017

Higher prices for commodities on global markets are passing into consumer prices

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.

24.01.2017

The profitability of the banking sector declined last year

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.

13.01.2017

EU-Russia relations: from strategic partnership to strategic challenge

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.

12.01.2017

Inflation rises faster than expected

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.

09.01.2017

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.

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