International Internet Magazine. Baltic States news & analytics
Tuesday, 11.03.2014, 16:54
Data compiled by the Central Statistical Bureau of Latvia indicate that, in 2013, Gross Domestic Product (GDP) at current prices comprised EUR 23.3 billion (LVL 16.4 billion), but in the 4th quarter of 2013 – EUR 6.3 billion (LVL 4.4 billion).
Keyword tags: Analytics, Baltic, Economics, GDP, Markets and Companies
Latest seasonally adjusted data (at current prices) compiled by the Central Statistical Bureau of Latvia show that, compared to December 2013, manufacturing turnover1 in January 2014 dropped by 3.2%, of which by 0.6% in domestic market and by 6.4% in export.
According to Statistics Estonia, the gross domestic product (GDP) of Estonia in 2013 increased 0.8% compared to the previous year. In the 4th quarter of 2013, the Estonian economy grew 0.3% compared to the 4th quarter of 2012.
The European Commission approved of the application of Estonian agriculture ministry to pay direct subsidies exceptionally to pig farming too in 2014, in order to ease the complicated situation in the sphere, LETA/Public Broadcasting reports.
After Lithuania’s Prime Minister Algirdas Butkevicius stated that Lithuania should be more deferential regarding Russia, otherwise Lithuanian business might be harmed, President Dalia Grybauskaite noted business transparency and ability to take risks, reports LETA/ELTA.
Statistics Lithuania informs that in February 2014, compared to January, just as in February 2013, compared to January 2012, zero inflation was recorded. In February 2014, compared to January, prices for consumer goods and services remained almost unchanged (minus 0.04%).
Lithuania's President Dalia Grybauskaite visited the Elektra enterprise. The enterprise operating in Virbaliu village for 2 decades employs nearly 80 local residents, informs LETA/ELTA.
The Culture Ministry's State Secretary Guntis Pukitis is to be appointed state secretary at the Ministry of Environmental Protection and Regional Development in Latvia, informs LETA.
Compared to February 2013, the average consumer price level in February 2014 (1) rose by 0.5%. Prices of goods decreased by 0.3%, but prices of services grew by 2.5%.
According to Statistics Estonia, there were 6,400 job vacancies in the enterprises, institutions and organisations of Estonia in the 4th quarter of 2013. Their number decreased by 3.4% compared to the same period of 2012, and by a fourth compared to the previous quarter.
National Electronic Mass Media Council's Public Consultative Council is urging Latvian authorities to halt the airing of Russian government-controlled TV broadcasts in Latvia, informs LETA/Nozare.lv.
So-called social dumping becomes a problem among the EU states regardless of the fact that vast majority of people move from one country to another to find employment, rather than claiming benefits. “Moving workers” are of considerable benefit to the economies and the welfare systems of the receiving countries. Working migrants rose from 4.7 million in 2005 to 8 million in 2013. However, the annual mobility rate in 2011-12 was only about 0.2% of the total EU population.
Nineteen persons, mostly young people, were placed in Riga Eastern Hospital over the weekend after taking the so-called legal drugs, Riga Eastern Hospital's press secretary Inguna Potetinova told LETA.
SEB Pank of Estonia held “Innovation Lab 2014”, a workshop for small and medium-sized companies (SME), with the aim of helping SMEs to go to new markets or apply innovative technologies in order to gain more customers and increase their turnover, SEB said in a statement. Workshops will be run in all three of the Baltic States, and a total of 600 innovation-minded SMEs – including 200 in Tallinn – will participate in them, writes LETA.
While striving to prevent from the spread of the African swine fever, the Ministry of Agriculture will allocate LTL 1.9 million (EUR 542 thousand) for the preventive veterinary measures. It is planned to use the measure for the construction of the fence which will isolate the focus of the African swine fever, reports LETA/ELTA.