International Internet Magazine. Baltic States news & analytics
Thursday, 24.04.2014, 17:04
In 2013, all the Baltic countries saw a rise in gross average monthly wages, which have exceeded the pre-crisis level in 2013, SEB Baltic Household Outlook revealed., cites LETA.
Keyword tags: Analytics, Baltic, Financial Services, Pensioners, Wages
The Saeima in Latvia passed the Long-term Stabilization Reserve Law in the final reading today, the law stipulates that the country will make savings during "good years" in order to use them in case of economic recession.
The total amount of budget revenue administered by the State Revenue Service in Latvia was at 99.3% of the projected figure in the first quarter of the year 2014, as the Revenue Service's Director General Inara Petersone told a press conference today, informs LETA/Nozare.lv.
The Estonian government approved of a bill at its Thursday session, according to which the state-owned companies and companies in which the state has at least decision-making rights, will have to pay nearly 172 mn euros of dividends to the state budget in 2014, LETA/Äripäev.ee reports.
During Latvian President Andris Berzins' meeting with the mayors of the large cities of Latvia yesterday, agreement was reached on facilitating state support for the cities, LETA was informed by Maija Dulle-Sunina, media relations consultant of the Latvian Association of Large Cities.
Biofuel price in Baltpool energy exchange continued to fall on Wednesday. In this week's auction biofuel price fell by 20% compared to the average price in March and on average stood at LTL 513.29 (EUR 148.66) per toe (tonne of oil equivalent), informs LETA/ELTA.
General government budget deficit at the end of 2013 comprised EUR 223.8 million or 1.0% of the Gross Domestic Product (GDP), and the general government debt comprised EUR 8873.3 million or 38.1% of the GDP, according to the results of the April 2014 general government budget deficit and debt notification (1) compiled by Central Statistical Bureau (CSB), which has been elaborated in line with the methodology of European System of Accounts (ESA 95).
Lithuanian Minister of Finance Rimantas Sadzius was sceptical about the Order and Justice Party's proposal to sign an agreement on equal minimum income in the European Union countries, informs LETA/ELTA.
The Bank of Lithuania has issued into circulation a 50 litas collectors (commemorative) silver coin dedicated to the 25th anniversary of the re-establishment of Vytautas Magnus University. The new coin has been presented at Vytautas Magnus University in Kaunas, said the Bank of Lithuania in a statement, cites LETA/ELTA.
The net asset value of Estonian Unemployment Insurance Fund (EUIF) grew fast in 2013 and reached 529.1 million euros in 2012, the economic year report approved buy the fund's council on Wednesday indicates, LETA/Public Broadcasting reports.
In the beginning of 2013, the mood among German companies operating in the Baltic States once again is very optimistic, thus carrying forward the trend of the past three years. The favourable economic conditions in the Baltic States and the positive prospects for the future also determine the expectations towards further developments of their turnovers and export activities and therefore let them expect a successful business year 2014, says the Business survey 2014 of the German-Baltic Chamber of Commerce (AHK).
Deficit in the national budget in 2013 made up 1% of the Gross Domestic Product (GDP), which is the third lowest from all the European Union (EU) countries, latest data provided by Eurostat shows. The lowest budget deficit last year was registered in Estonia, informs LETA.
The risks to the functioning of the Estonian financial sector are small, but the external environment is fragile, Estonia's central bank Eesti Pank said in its fresh financial stability report on Wednesday, cites LETA.
The Finance Ministry of Latvia has lowered its annual economic growth forecast for Latvia from 4.3% to 4% during the 2014-2016 period, informs LETA.
The European Bank for Reconstruction and Development (EBRD) made a decision this month to grant a loan to Estonian shale oil producer Viru Keemia Grupp (VKG), LETA/Public Broadcasting reports.