Markets and Companies

International Internet Magazine. Baltic States news & analytics Tuesday, 01.09.2015, 06:54

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In Q2, GDP of Latvia rose by 1.2%

In Q2, GDP of Latvia rose by 1.2%

31.08.2015

Data compiled by the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2015, compared with the 1st quarter of 2015, gross domestic product (GDP) at constant prices, according to seasonally adjusted data, rose by 1.2%. Compared with the 2nd quarter of 2014, GDP rose by 2.7% both according to seasonally adjusted and seasonally unadjusted data.

Keyword tags: Analytics, Baltic, Economics, GDP, Latvia, Markets and Companies



In July, the volume of industrial production in Estonia decreased by 6% y-o-y

In July, the volume of industrial production in Estonia decreased by 6% y-o-y

31.08.2015

According to Statistics Estonia, in July 2015, the production of industrial enterprises decreased by 6% compared to July of the previous year. Production decreased in manufacturing, energy production and mining.

In July, retail sales in Estonia grew by 9% y-o-y

In July, retail sales in Estonia grew by 9% y-o-y

31.08.2015

According to Statistics Estonia, in July 2015 compared to July of the previous year, the retail sales of goods of retail trade enterprises increased by 9% at constant prices.


Latvia, Greece win opt-out from Monsanto GM crop

Latvia, Greece win opt-out from Monsanto GM crop

31.08.2015

The U.S. agrochemical and agricultural company Monsanto said it would abide by Latvia and Greece's requests under a new European Union (EU) opt-out law to be excluded from its application to grow a genetically modified (GM) crop across the EU, reports LETA/EURACTIV, according to Reuters.

Because of the lack of several laws, Latvia failed to collect EUR 30 mln from the shadow economy

Because of the lack of several laws, Latvia failed to collect EUR 30 mln from the shadow economy

31.08.2015

A number of important bills have not been passed by Latvian Saeima and, as a result, the state budget has failed to collect EUR 30 million from the shadow economy, Finance Minister Janis Reirs (Unity) said in an interview with Latvian State Television this morning, reports LETA.

31.08.2015

Lithuania creates legal basis for cooperation with Indonesia

On 27 August 2015, Minister of Foreign Affairs of Lithuania Linas Linkevicius began his official visit to Indonesia. In Indonesia's capital city Jakarta, Linkevicius met with Indonesian Foreign Minister Retno Marsudi to discuss strengthening relations between Lithuania and Indonesia, international issues and opportunities for Lithuanian entrepreneurs to work in the Indonesian market, Lithuania's MFA reports BC.

31.08.2015

Fight against swine fever has already required 2.78 mln euros in Estonia

On August 31st, a conference takes place in the Estonian University of Life Sciences in Tartu where officials, scientists, pig farmers and hunters are trying to reach solutions in order to put an end to the spread of the African swine fever in Estonia, the fight against which has cost 2.78 million euros so far, LETA/Postimees Online reports.

31.08.2015

September will be Estonian food month

In order to popularize Estonian local food, September 2015 is declared for the first time the Estonian Food Month; in total over 30 events dedicated to Estonian food will take place, LETA/Postimees Online reports.

31.08.2015

Latvian Health Minister in favor of higher minimum wage

Latvian Health Minister Guntis Belevics (Greens/Farmers) supports increasing minimum wage as salaries for medical personnel will increase as a result, reports LETA.

31.08.2015

Egypt court hands Al-Jazeera reporters 3 years in jail

An Egyptian court sentenced three Al-Jazeera reporters to three years in prison on August 28th, in a shock ruling following global demands for their acquittal. Australian-Latvian journalist Peter Greste also among them, reports LETA/AFP.

31.08.2015

Final bids due in September for Vilnius Police Infrastructure PPP

Vilnius County Police Headquarters has announced that the due date for best and final offers (BAFOs) regarding the Vilnius Police Infrastructure Public Private Partnership (PPP) project is September 10, 2015, reports BC chief project manager for PPP Irmantas Butkauskas.

31.08.2015

EUR 1 mln to be invested in development of KFC and Pizza Hut restaurants in Riga

Around EUR 1 million will be invested in the development of the Kentucky Fried Chicken (KFC) and Pizza Hut in Latvia, the KFC franchise owner in the Baltic countries Sigurdur Arnar Sigurdsson told LETA.

31.08.2015

SEB Estonia: companies seeing sales decline, but hiring more people

Initial data on second-quarter financial results in 2015 indicate that sales revenue generated by enterprises is falling, yet it has not prevented them from increasing their number of employees in Estonia, commented SEB, writes Äripäev.ee/LETA.

30.08.2015

In Q2, average monthly gross wages and salaries in Latvia – 815 euros

Latest data compiled by the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2015 the average monthly gross wages and salaries in the country accounted for 815 euros.

30.08.2015

Register of Enterprises refuses registration of Russia Today representation in Latvia

The Register of Enterprises has decided not to enter the Russian state-owned information agency Russia Today in the list of representations registered in Latvia, the Register of Enterprises told LETA.

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