International Internet Magazine. Baltic States news & analytics
Tuesday, 30.09.2014, 20:53
Data compiled by the Central Statistical Bureau show that Gross Domestic Product (GDP) at current prices in the 2nd quarter of 2014 was 5.9 bln euros.
Keyword tags: Analytics, Economics, EU – Baltic States, GDP, Latvia, Markets and Companies
The Estonian dairy industry sales revenue in the first half of the year 2014 was by nearly 10% higher and profit increased by 1.7% compared to the same period last year, LETA/Public Broadcasting reports.
Data of Central Statistical Bureau (CSB) show that, compared to July, the total retail trade turnover in August 2014 dropped by 0.2%, according to seasonally adjusted data at constant prices. Compared to August 2013, the total retail trade turnover in August 2014 increased by 3.9%.
Tax rates will be altered no more often than once in a year in Latvia, according to amendments to the Law on Taxes and Fees that the government approved today, reports LETA.
The European Union (EU) introduced a new aid package on Tuesday worth EUR 165 million to help farmers hit by Russian sanctions over the Ukraine crisis, but tightened up on dubious compensation claims, LETA/AFP reports.
As part of ''Europol's'' organized European-wide sting operation ''Archimedes'', 13 stolen luxury automobiles were found in Latvia, Criminal Police Chief Andrejs Grisins informed members of the press today, informs LETA.
Estonian business paper Äripäev's annual TOP 500 of the wealthiest people in Estonia declares railway businessman Oleg Ossinovski the wealthiest person in Estonian for the second year in a row, LETA/Public Broadcasting reports.
Estonian Ministry of Agriculture predicts Estonia's grain harvest in 2014 at a record 1.2 million tonnes, which is by 22% more than last year, LETA/Postimees Online reports.
Lithuanian Minister of Economy Evaldas Gustas who paid a working visit to Japan noted that Lithuanian representatives intend to participate in Foodex Japan 2015 exhibition and proposed to organise business missions to Lithuania for representatives of the Japanese food sector, informs LETA/ELTA.
Recovery in domestic demand, observed last year and in the first half of 2014, was the result of better expectations of businesses and consumers. Unfortunately, geopolitical tension and uncertainty which growing due to external threats is pushing the expectation curves down, says Indre Genyte-Pikciene, chief analyst of DNB, cites LETA/ELTA.
Citadele Bank could shun the non-resident deposit business in favor of small-business loans, Jean-Marc Peterschmitt, managing director for Eastern Europe at the European Bank for Reconstruction and Development, which owns a 25% stake in Citadele, told the Bloomberg news agency, cites LETA.
The Maxima store chain planning to open up to 20 stores in Estonia over the next three years and thinks that the current and future stores give the company the opportunity to become the retail market leader in Estonia by 2016, said Chief Executive Officer of Maxima Eesti Vaidotas Pacesa, Äripäev.ee/LETA reports.
Ernst & Young lowered in the fresh Eurozone economic forecast the economic growth forecast for Estonia and the Eurozone as a whole, reports LETA.
The Lithuanian cable operator Cgates has acquired two companies – UAB Ukmerges TV and UAB Rakarin for an undisclosed fee, broadbandtvnews.com said.
As of September, twelve TV, radio and Internet projects are providing latest euro-related updates for everyone who is going to plan their expenses and income in euros as of 1 January, 2015, reports LETA/ELTA.