International Internet Magazine. Baltic States news & analytics
Saturday, 30.05.2015, 13:27
Data compiled by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2015, compared to the 4th quarter of 2014, gross domestic product (GDP) at constant prices, according to seasonally adjusted data, rose by 0.3%. But, compared to the 1st quarter of 2014, GDP increased by 2.0%.
Data of Central Statistical Bureau (CSB) show that, compared to March, the total retail trade turnover in Latvia in April 2015 rose by 0.1%, according to seasonally adjusted data at constant prices. Compared to April 2014, the total retail trade turnover in April 2015 increased by 4.0%.
According to Statistics Estonia, in April 2015 compared to April of the previous year, the retail sales of goods of retail trade enterprises increased by 6% at constant prices. While in March retail sales increased by 8% compared to the same month of the previous year, then in April the growth in retail sales decelerated slightly.
KVV Liepajas metalurgs will keep 290 employees, while the company's owners deny any rumors that the plant could cease production, reports LETA.
The Estonian Institute of Economic Research shadow economy survey shows that due to illegal alcohol and cigarettes, the Estonian state was deprived in 2014 of a total of EUR 70.3 million of tax money, Estonian economy and communications ministry announced, cites LETA.
The European Commission has opened a public consultation to collect views from citizens and businesses on the main policy options for developing an ambitious new approach on the “circular economy”. Stakeholders' input will help feed the preparation of the new European action plan, to be presented by the end of the year; the consultation will run until 20 August 2015.
Youth employment indicators continue to improve in Latvia, while situation among adults still indicates lower dynamics, this according to the director of the State Employment Agency, Inese Kalvane, in an interview with the LNT show "900 sekundes", cites LETA.
Liepajas metalurgs investors so far have fulfilled all their payment obligations, said Finance Minister Janis Reirs (Unity) in an interview with the Latvian Television show "Rita panorama", reports LETA.
The joint-stock pharmaceutical company Olainfarm plans to invest last year's EUR 11.42 profit in the company's development, reports LETA, according to the company's announcement submitted to "Nasdaq Riga" stock exchange.
Small businesses have been invariable bedrock in the world’s majority of successful economic models. Germany, the USA, South Korea, Britain and Japan exemplify a huge number of states that have been pursuing their development strategies on the basis of ‘small economy’. Uzbekistan ranks among them, secured by the recently approved ‘road map’ for the development of small business and private entrepreneurship, reported «Uzbekistan Today» newspaper.
Compared with 2013, funding for children's healthcare services n Latvia has grown by EUR 6 million, reaching almost EUR 86 million, reports LETA, according to information by the National Health Service.
The Latvian fish processing company Brivais vilnis turned over EUR 2.144 million in the first quarter of 2015, reports LETA, according to the company's financial report submitted to Nasdaq Riga stock exchange.
A survey conducted by the Estonian Institute of Economic Research showed that while in 2013, the Estonian state was deprived due to the payment of "envelope wages" of 154 million euros in tax revenue, the loss of tax revenue in 2014 because of this reason was 92.5 million euros, LETA/Public Broadcasting reports.
"Any attack against the media is an attack against freedom of expression. A freedom that is a key component of our democratic society, a freedom that should not face undue limits or violations, a freedom to which we in the Council attach great importance together with other fundamental rights of citizens," said Zanda Kalnina-Lukasevica, Latvian Parliamentary State Secretary for EU Affairs, on 27 May, speaking at the European Parliament (EP) in Brussels, reports BC the Latvian MFA.
Latest data compiled by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2015 the average monthly gross wages and salaries accounted for 785 euros. The average wages and salaries kept increasing; however, growth rate has been slowing down.