International Internet Magazine. Baltic States news & analytics
Sunday, 21.12.2014, 10:27
According to the data of the Central Statistical Bureau of Latvia (CSB) compared to October producer prices in industry in November 2014 dropped by 0.1%. In November compared to November of the previous year, the average level of producer prices in the Latvian industry remained the same.
Keyword tags: Analytics, Industry, Latvia, Markets and Companies
According to preliminary data of Statistics Lithuania, in 2013 expenditure on health care totalled LTL 7.8 billion (EUR 2.3 billion). Compared with 2012 it increased by LTL 266 million (EUR 77 million) or 4%, whereas compared with 2011 it increased by 7%, reports LETA/ELTA
The Competition Council in Latvia has decided to change several binding rules formerly imposed on broadcaster MTG Broadcasting AB (MTG), allowing the company to change cooperation terms in regard to the placement of classic advertisements by its clients.
On December 18, in Brussels, the Heads of State and Government called for immediate establishment of the European Fund for Strategic Investments to fund growth of Europe, and for reaching an agreement on the most important tasks during Latvia's Presidency. Latvia has set a priority – to develop competitive, digital and engaged Europe, reported BC press secretary to the Prime Minister Aiva Rozenberga.
The situation in the fish processing industry is tense at the moment as a result of the tumbling Russian ruble, yet there is still hope as companies are more or less successfully expanding into new markets, thus the industry is expecting improvements in the coming couple of months, as Andris Bite, a representative of the Union of Latvian Fish Processing Industry and a co-owner of Karavela fish cannery, said commenting on the information about 400 employees being laid off at Ventspils zivju konservu kombinats (Ventspils Fish Cannery), cites LETA.
With the country's economy growing slower than expected, most business start-ups in Lithuania are taking the advantage of the situation in the domestic market. While the country's largest companies are estimating the consequences of Russia's embargo, our business start-ups are planning to further increase their sales volumes within the coming six months and recruit new employees to satisfy the growing demand, the bank DNB said in a statement, cites LETA/ELTA.
Russian President Vladimir Putin said on Thursday he was confident in the country's current economic situation as he had the "insurance policy" represented by the state's right macroeconomic course of action and reserve funds for the fulfilment of social obligations, reports LETA/ELTA, referring to TASS.
Economic growth of 2.9% of GDP in Lithuania should be the highest among the Baltic States in 2014. However, in 2015 it is likely to decrease to 2.7%, while Estonia's will be 2.3% and Latvia's 2.9%, forecasts Danske Bank, cites LETA/ELTA.
The Estonian government set with its decree the Estonian 2015 immigration quota at 1,322 persons, which forms 0.1% of Estonia's permanent population, LETA/Public Broadcasting reports.
Liepaja metallurgical company Liepajas metalurgs will not resume production in 2014 after all, the Latvian Television show "Panorama" reported last night, cites LETA.
The Food Safety and Inspection Service (FSIS) of the United States Department of Agriculture has officially proposed to ad Lithuania to the list of countries that are eligible to export meat and meat products to the United States. On 17 December the proposal was submitted for a public debate, reports LETA/ELTA.
Estonia achieved the expected results at the EU Agriculture and Fisheries Council meeting in Brussels – due to improvement of the state of fish stocks, in the coming year, the allowed fishing volumes of Estonian fishermen in North-West and North-East Atlantic are by 200 tonnes higher, LETA/Public Broadcasting reports.
Latvian Saeima passed the 2015 budget bill in the final reading last night; the consolidated budget revenue next year is set at EUR 7.3 billion and spending at EUR 7.5 billion, reports LETA.
While on a working visit in Belgrade, Lithuanian Prime Minister Algirdas Butkevicius met with Prime Minister of the People’s Republic of China, Li Keqiang, to discuss possibilities for closer political and economic cooperation, development of relations in transport, agriculture, and education, as well as China + 16 format and its outlook for the future, reported BC government’s press service.
Average hourly labor costs in Latvia increased 5.4% in the third quarter of 2014, compared to the respective period in 2013 – the third steepest increase across the European Union, according to the latest data from the EU's statistical office Eurostat, cites LETA.