Analytics

International Internet Magazine. Baltic States news & analytics Sunday, 29.03.2020, 08:11

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Latvia: Contributions to private pension funds grow 11.3% y-o-y in 2019

Latvia: Contributions to private pension funds grow 11.3% y-o-y in 2019

27.03.2020

A total of EUR 85.68 mln were paid into Latvia's private pension funds in 2019, which is a 11.3% increase against 2018, according to the data of the Financial and Capital Market Commission writes LETA.

Keyword tags: Analytics, Financial Services, Funds, Latvia, Pensioners



Covid-19 Latvia: 15 companies so far have announced collective redundancies

Covid-19 Latvia: 15 companies so far have announced collective redundancies

27.03.2020

Due to the Covid-19 pandemic, 14 companies in Latvia have announced collective redundancies, which will result in about 3,000 employees being laid off, said State Employment Agency (NVA) director Evita Simsone in an interview with commercial TV3 on Friday, referred LETA.

Bank of Latvia expects Latvia's GDP to drop 6.5% this year

Bank of Latvia expects Latvia's GDP to drop 6.5% this year

26.03.2020

The Bank of Latvia expects Latvia's gross domestic product to drop 6.5% this year, while average annual inflation is estimated at 0.5%, the central bank told LETA.


Two thirds of Lithuanians say govt is properly responding to coronavirus crisis – survey

Two thirds of Lithuanians say govt is properly responding to coronavirus crisis – survey

23.03.2020

Two thirds of Lithuanian residents believe government institutions are properly responding to the coronavirus situation, a survey commissioned by LETA/BNS has shown.

Cultural and creative sector: exploring financial support

Cultural and creative sector: exploring financial support

20.03.2020

Cultural and creative sector, including SMEs, remains poorly exploited and at risk, European Commission acknowledges. Great and important cultural sector’s potentials in all EU states require some support: hence, modern European guarantee’s program is aimed at providing support. The Baltic cultural sphere shall be more active in acquiring these funds.


19.03.2020

Towards a “balancing theory” in the EU-Baltics’ relations

European socio-economic integration has experienced numerous positive member states’ involvement in the process through some modernized “adaptation” means, like cohesion, subsidiarity, division of competence, European Semester, etc. However, some additional approaches are needed to mitigate growing discontent; in this regard a “balancing model” is suggested to specify most optimal relations between the EU institutions and the states.

18.03.2020

Estonian PM: Sassnitz-Paldiski cargo vessel may start operation already from Thursday

Estonian Prime Minister Juri Ratas said that shipper Tallink Grupp's vessel Star may start cargo carriage between the German town of Sassnitz and Estonian town of Paldiski already from Thursday.

18.03.2020

Hundreds of Lithuanians to be flown from Tenerife

Hundreds of Lithuanians will be flown back to Lithuania on two chartered flights to Vilnius from Tenerife, informed LETA/BNS.

15.03.2020

Estonian professor: Number of mild coronavirus cases increasing globally

Estonian virology professor Irja Lutsar told public broadcaster ERR that, compared to the previous week, the number of mild coronavirus cases has increased in the world and currently makes up 92%,writes LETA/BNS.

13.03.2020

Impact of coronavirus on Latvian economy will most likely be a short-term one - Bank of Latvia president

The impact of the Covid-19 coronavirus on the economy is a short-term issue, said Martins Kazaks, president of the Bank of Latvia, after a meeting with the prime minister and industry ministers on Friday, writes LETA/BNS.

13.03.2020

Bolt lowers price of electric car category in Tallinn

Starting Friday, the Estonian ride-hailing platform Bolt is lowering the prices of its electric vehicle category to be equal with the prices of its regular Bolt category -- the aim of the price change is to support an environmentally friendly mode of transport and the development of electric transport in Tallinn, reported LETA/BNS.

12.03.2020

Coronavirus will slow global growth – Lithuanian economist

The ongoing coronavirus outbreak will slow global growth this year but should not become a global economic crisis similar to the one that hit a decade ago. Nevertheless, such a scenario is possible only if countries take coordinated measures, including fiscal ones, Swedbank's chief economist says LETA/BNS.

11.03.2020

SEB study: Young people in Estonia spent EUR 20.5 mln shopping online in 2019

Young people aged 18-25 made 1.2 mln online purchases in 2019 and spent altogether 20.5 mln euros, the figure has almost tripled compared with 2017, an analysis by SEB shows noted LETA/BNS.

11.03.2020

Estonia: Production decreased in most branches of industry

According to Statistics Estonia, in January 2020, the production of industrial enterprises decreased by 11% compared to January 2019. Production decreased in manufacturing as well as in energy and mining.

11.03.2020

Estonia's trade deficit in January was smallest in 7 years

According to Statistics Estonia, in January 2020, compared to January 2019, the exports of goods decreased by 1% and imports by 9%. While overall exports declined, there was an increase in the exports of agricultural products and food preparations, and in particular, cereals, informed Statistics Estonia.

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