International Internet Magazine. Baltic States news & analytics
Wednesday, 01.06.2016, 06:36
Data compiled by the Central Statistical Bureau show that in the 1st quarter of 2016, compared with the 4th quarter of 2015, GDP at constant prices, according to seasonally adjusted data, increased by 0.1%. In the 1st quarter of 2016 compared with the 1st of 2015, GDP grew by 1.5% according to seasonally adjusted data, and by 2.1% – according to seasonally non-adjusted data.
Keyword tags: Analytics, Baltic, Economics, GDP, Markets and Companies
According to Statistics Estonia, in April 2016, the production of industrial enterprises increased by 1% compared to April of the previous year. Production increased in the energy sector and manufacturing, but decreased in mining and quarrying.
Latvian Family Physicians' Association will be waiting for Health Minister Guntis Belevics' (Greens/Farmers) proposals for improving access to healthcare for two to three weeks, as the association's head Sarmite Veide told LETA after healthcare workers' protest at the government's building today.
Latvijas Balzams distillery in the first quarter of the year 2016 posted EUR 16.81 million in unaudited sales, which is by 8.5% more than in the first quarter of 2015 or EUR 15.59 million, the company’s statement to the Nasdaq Riga stock exchange, cites LETA.
According to Statistics Estonia, in April 2016 compared to April 2015, the turnover of retail trade enterprises increased by 6% at constant prices. While in March, the turnover increased by 3% compared to the same month of the previous year, then in April the growth accelerated.
Latvia is interested in continuing busy and pragmatic political dialogue with China, which serves as a basis for successful economic, educational, scientific and cultural cooperation, Saeima speaker Inara Murniece (National Alliance) said during her meeting with China's parliament vice-speaker Ji Bingxuan, reports LETA.
The European Union Affairs Committee of the Riigikogu (Parliament of Estonia) heard an overview of the Startup Compass report about Estonia at its sitting on May 30th. The report highly recognises the activities of the government of Estonia in supporting the startup companies, but also points out the obstacles and bottlenecks in the development of the area, informed BC press service of Riigikogu.
Lithuania slipped two places to 30th among 61 nations in the 2016 world competitiveness ranking 2016 released by the Swiss-based International Institute for Management Development (IMD). Latvia rose six places to 37th in this year's ranking and Estonia stayed at number 31st, informs LETA/BNS.
Law-enforcement officers on May 30th conducted searches at the office and home of the director of the Lithuanian unit of Bertona Holdings Limited, a company controlled by Nerijus Numavicius, the largest shareholder of Vilniaus Prekyba, the country's biggest business group, as part of a suspected corruption case involving politicians and the MG Baltic group, sources have said, writes LETA/BNS.
According to the Estonian Employers' Confederation, Estonian Prime Minister Taavi Roivas promised at a meeting with the confederation's representatives that the government will not fill the state budget using indirect taxes, like a sugar and fat taxes, informs LETA/BNS.
Estonian Finance Minister Sven Sester supports investments of the second pillar pension funds to be brought to Estonia, and for that issuing the bonds of companies owned by the state in Estonia and putting share positions on the market are considered, informs LETA/BNS.
Data of the Central Statistical Bureau (CSB) show that, in the 1st quarter of 2016 average monthly gross wages and salaries in the country constituted 827 euros. As compared to the 1st quarter of 2015, average wages and salaries grew by 5.3%, moreover growth rate was lower than a year ago.
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to April 2015, total retail trade turnover in April 2016 rose by 1.8%. Retail trade in food products decreased by 0.4%, whereas retail turnover in non-food products increased by 3.0%.
The sanctions that were introduced in September 2015 against a number of Russian and other foreign journalists, including from Latvia and Estonia, were revoked by a Ukrainian National Security and Defense Council resolution on May 20, informs INTERFAX/LETA.
Altogether 14 new cases of African swine fever (ASF) among wild boars were found in Latvia between May 23 and May 27, including the first case of ASF in the Rezekne town in south-eastern Latvia, the Latvian Food and Veterinary Service reported LETA.