International Internet Magazine. Baltic States news & analytics
Thursday, 26.05.2016, 03:40
According to Statistics Estonia, in the 1st quarter of 2016, the average monthly gross wages and salaries were 1,091 euros and the average hourly gross wages and salaries were 6.86 euros. Compared to the 1st quarter of 2015, the average monthly gross wages and salaries increased by 8.1% and the average hourly gross wages and salaries by 7.7%.
Keyword tags: Analytics, Estonia, Financial Services, Markets and Companies, Wages
Tallinna Linnatranspordi AS, the public transport company of City of Tallinn, received 59.6 million euros from the city for the provision of service in 2015; the company was given 56.3 million euros for the acquisition of fixed assets and its accounting profit for the period was 59.6 million, informs LETA/BNS.
Latvian Finance Minister Dana Reizniece-Ozola (Greens/Farmers) and the Finance Minister of Cyprus, Charis Georgiades, in Brussels signed the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, the Latvian Finance Ministry said LETA.
Olainfarm pharmaceutical company has signed a loan agreement with ABLV Bank about a 10-year loan of EUR 14 million to finance the acquisition of 100% of shares in Tonus Elast producer of elastic medical appliances, Olainfarm said in a statement to the Nasdaq Riga stock exchange, informs LETA.
The monthly median payout to a working person in Estonia was 784 euros in the first quarter of 2016, compared with 728 euros in the same quarter of 2015, figures provided by the Tax and Customs Board show, cites LETA/BNS.
The costs that Estonia needs to incur as a non-permanent member of the United Nations Security Council may amount to more than three million euros, MPs said on May 24th, cites LETA/BNS.
According to the Estonian financial sector trade union EFTL, after the leaving of the former union representative of Nordea Estonia, Hannes Veskimae, the relationship between the bank and the union has not improved and the union is accusing the bank's board of blocking the concluding of a collective agreement and breaching the Trade Union Act, informs LETA/BNS.
In relation to Rail Baltica high-speed rail project, it is important that the Baltic states conclude an intergovernmental agreement as soon as possible in order to speed up the project and demonstrate that the Baltic states have a common stance. Otherwise, financing to the project might be threatened, said Dins Merirands, Transport Ministry’s deputy state secretary and a board member in Eiropas Dzelzcela Linijas (EDL, European Railway Lines), the Latvian shareholder in RB Rail that is implementing the Rail Baltica project, cites LETA.
Financially troubled KVV Liepajas Metalurgs metallurgy ompany has a tax debt of EUR 1.5 million, Vladimirs Loginovs, the head of the Latvian Privatization Agency, told the press after the Cabinet meeting on May 24th, cites LETA.
To offset the losses dairy farmers are suffering from the protracted crisis in the dairy industry and prevent looming bankruptcies, the government of Latvia on May 24th approved a EUR 6.197 million extraordinary allocation to registered dairy farmers, reports LETA.
Problems with organizing tugboat services in the port have cost the Freeport of Riga Authority more than EUR 1 million, state auditors have established.
Latvia’s gross domestic product (GDP) growth in 2016 is projected at 2.7% and in 2017 at 3.5%, said SEB Banka’s economist at the presentation of Nordic Outlook on May 24th, cites LETA.
Estonian government rushed its decisions regarding Estonian Air and gave the airline tens of millions of euros without giving the matter enough consideration, the National Audit Office finds in its report, cites LETA/BNS.
The European Parliament's (EP) Committee on Budgetary Control on Monday gave a go-ahead to the appointment to Lithuania's Finance Minister Rimantas Sadzius as a member of the European Court of Auditors, informs LETA/BNS.
The main topics on the G-7 agenda in 2016 are the global economy, investment, trade, climate change and energy, the fight against terrorism, foreign policy and development. Seven main world economic powers also discuss other important global challenges: health policy issues, gender equality and women’s rights.