International Internet Magazine. Baltic States news & analytics
Friday, 23.04.2021, 11:51
The Lithuanian parliament could declare a state of emergency if people failed to follow the lockdown restrictions imposed by the government to get the spread of COVID-19 under control, Foreign Minister Gabrielius Landsbergis said, cites LETA. "If it is decided, or more precisely, if there is a need, if the numbers do not fall and the public fail to come to the understanding that the situation has to be taken seriously, then the Seimas could be asked to impose additional restrictions," Landsbergis, the chairman of the conservative Homeland Union–Lithuanian Christian Democrats, the biggest party in the parliament, said in an interview with BNS.
Keyword tags: Baltic States – CIS, Direct Speech, Energy, EU – Baltic States, Interview, Lithuania, Transport
Belarusian opposition leader Svetlana Tikhanovskaya has called on the Lithuanian government to consider sanctions against Belaruskali if the Belarusian state-owned fertilizer producer continues to persecute its employees for protesting against Alexander Lukashenko's regime.
Following a leap in the third quarter, wage growth will decelerate as a result of the prolonged COVID-19 crisis08.12.2020
According to the data compiled by the Central Statistical Bureau of Latvia, the average monthly gross wage increased by 5.9% year-on-year in the third quarter as part of the containment measures were eased and the economic activity was recovering. However, the second wave of the COVID-19 pandemic presents new challenges to the labour market, and this might have implications for wage developments at the end of the year.
Following the COVID-19 outbreak in spring, the third quarter was more favourable for the economy. We already knew this from the GDP flash estimates published a month ago (although the estimates suggested less pronounced growth) and from other data.
Data from Statistics Estonia put Estonian GDP down 1.9% over the year in the third quarter, but up 3.3% on the previous quarter. This performance is better than that outlined in the baseline forecast scenario and is closer to that in the positive scenario. The statistics available so far show that the fall in GDP in Estonia in the third quarter was among the smallest in the European Union, but not much different from the results for other Northern European countries.
The recent mergers of commercial banks in the Baltic States as well as withdrawal of some foreign banks have led to higher market concentration, yet opened the door to smaller market participants and alternative finance providers. The competitive environment in the financial sector will be discussed today at the virtual meeting of the Governors of the Baltic central banks.
The Coronavirus (COVID-19) pandemic has had a significant impact on the mobility sector, with more commuters opting for personal transportation due to health concerns. Moreover, changing shopping habits with a greater focus on e-commerce are changing the landscape for both retail and logistics. These factors are influencing consumer and business demand for autonomous vehicles, although financially struggling automotive companies might find it difficult to meet this demand.