International Internet Magazine. Baltic States news & analytics
Tuesday, 26.05.2015, 02:30
According to the data of the Central Statistical Bureau of Latvia (CSB) compared to March level of producer prices in the Latvian industry in April 2015 dropped by 0.1%. Level of prices of products sold on the domestic market did not change.
Keyword tags: Analytics, Industry, Latvia, Markets and Companies
According to Statistics Estonia, in the 1st quarter of 2015, the average monthly gross wages and salaries were 1,010 euros. Compared to the 1st quarter of 2014, the average monthly gross wages and salaries increased by 4.5%.
The joint-stock baked goods company Hanzas maiznicas posted a 3% reduction in 2014 turnover, at the same time registering a threefold increase in profit, reports LETA, according to Firmas.lv information.
Latvia wishes to develop and build a regular political dialogue with Qatar, taking into account that in 2016, twenty years will have passed since the establishment of diplomatic relations, said Latvian Foreign Minister Edgars Rinkevics (Unity) during a meeting with the Foreign Minister of the State of Qatar, Khalid bin Mohammad Al Attiyah.
Swedish companies BillerudKorsnas AB and Baltic Resources AB have signed an agreement on acquisition of 100% stake in Latvian wood pellet producer Latgran by Estonian company Graanul Invest, the company's representatives informed LETA.
Implementation of free trade agreements with Georgia, Moldova and Ukraine tops the Eastern Partnership agenda
In Riga, President Dalia Grybauskaite together with other EU leaders and representatives of the Eastern Partnership countries outlined further guidelines for the EU’s Eastern Partnership policy. The participants underlined that this policy was based on common interests and obligations to strengthen democracy, reaffirm the rule of law principle, promote human rights and fundamental freedoms as well as the norms and principles of international law.
Employment will be growing slowly in Latvia in 2015, with the total number of employed persons increasing just 0.2%, the Economy Ministry says in its latest report "On the Macroeconomic Situation in the Country", informs LETA.
According to a rough draft of the EaP Riga Summit Declaration /Communique/ that LETA has seen, the participating states intend to state their resolve to heighten the "business dimension" of the Partnership, and improve the mutual business environment to benefit "local, regional, Europe's small and midsize companies."
The International Women’s Media Foundation (IWMF) is proud to announce the 2015 Courage in Journalism and Lifetime Achievement Award winners: Mwape Kumwenda, a reporter for Muvi Television in Zambia; Anna Nemtsova, a contributor for The Daily Beast and Newsweek in Russia; Lourdes Ramírez, a freelance journalist in Honduras; and Linda Deutsch, a special correspondent and trial reporter (retired) for the Associated Press, reports BC IWMF.
55% companies in Latvia are planning to invest in their business in 2015, according to a survey carried out by Swedbank. 29% of companies are planning no investments, and 16% have not decided yet, reports LETA.
Statistics Lithuania informs that in April 2015 industrial production totalled EUR 1.55 billion at current prices and, compared to March, decreased by 2% at constant prices, seasonally and working day adjusted – increased by 3.4%. In January–April 2015, industrial production totalled EUR 6.0 billion at current prices and compared to the same period of 2014, grew by 3.6%.
Latvia's gross domestic product may grow 2% in 2015, and inflation may reach 0.5%, the Economy Ministry predicts, cites LETA.
The American IT company Hewlett-Packard (HP) has begun the liquidation process of its Latvian subsidiary, reports LETA, according to Firmas.lv information.
From 1 October 2015, amendments to the Law on Provision of Information to the Public will enter into force. Lithuanian MPs adjusted the law taking into account changes of security situation, reports LETA/ELTA.
The Health Ministry in Latvia has proposed banning tobacco products from being displayed in clear view at shops selling them, reports LETA.