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Thursday, 12.06.2025, 13:15
In May, annual deflation in Latvia constituted 0.8%
Latest data of the Central Statistical Bureau (CSB) show that, during the year* (in May 2016, compared to May 2015) average level of consumer prices reduced by 0.8%. Prices of goods decreased by 1.6%, while prices of services grew by 1.3%.
In Q1, the number of job vacancies in Estonia increased by 25%
According to Statistics Estonia, there were about 8,300 job vacancies in the enterprises, institutions and organisations of Estonia in the 1st quarter of 2016. The number of job vacancies increased by 25% compared to the previous quarter and by 14% compared to the 1st quarter of 2015.
Finnish wood company to set up plywood mill in Estonia
Metsa Wood, the wood products operation of the listed Finnish Metsa Group, has launched an investment program consisting of a total of 100 million euros in investments in Finland and Estonia, including 50 million euros to build a plywood mill in Estonia, informs LETA/BNS.
Estonian central bank: growth in labor costs makes businesses look for higher value added
The increase in labor costs and reduced profitability are affecting first and foremost the branches of the economy with a lower value added, and should prompt businesses to invest in undertakings offering higher value added, the Bank of Estonia says, reports LETA/BNS.
Graanul Invest prefers Latvia to Estonia in investment
Of the 250 million euros that the Estonian wood pellet and energy producing company Graanul Invest AS has invested in recent years only 76 million euros was invested in Estonia, as the company prefers to invest in facilities in Latvia because of the better economic environment there, executive Jaano Haidla said, cites LETA/BNS.
Net profits of Senukai in Belarus soared to 9.767 mln euros in 2015
Lithuania's Senukai-controlled Romos Holdingas, the operator of the Oma chain of building materials and tools in Belarus, in 2015 posted 116.404 million euros in consolidated revenues, informs LETA/BNS.
In Estonia, Latvian PM discusses economic cooperation between the countries
On Tuesday 7 June, Prime Minister Maris Kucinskis met representatives of the Latvian Chamber of Commerce and Industry and the Estonian Chamber of Commerce and Industry in Tallinn and discussed economic cooperation between both countries and taxation policy, reports BC press secretary to the Latvian PM Andrejs Vaivars.
Estonian central bank, ministry expect inflation to resume in fall
The Bank of Estonia and the Estonian Finance Ministry both said in their comments on May inflation data published on June 7th that the consumer price index is due to start rising again in the fall, driven by rising commodity prices, informs LETA/BNS.
Nordea becomes biggest lender to Latvian corporate clients in Q1
Of the banks operating in Latvia, Swedbank was the leading lender at the end of the first quarter of this year, followed by the Latvian branch of Nordea and SEB Banka, informs LETA, according to information released by the Association of Latvian Commercial Banks.
In May, the annual deflation in Estonia made 0.9%
According to Statistics Estonia, the change of the consumer price index in May 2016 was 0.1% compared to April 2016 and –0.9% compared to May of the previous year.
Lithuanian LRT fined for prohibited ads
Lithuania's national radio and television LRT will have to pay a fine for broadcasting prohibited commercial ads, the Lithuanian Radio and Television Commission decided. LRT CEO does not rule out taking the decision to court, informs LETA/BNS.
Riga Eastern Hospital cuts loss almost by half in 2015
Riga Eastern Clinical University Hospital (Gailezers) managed to cut its annual loss almost by half last year, the hospital's financial report for 2015 shows, informs LETA.
Milk prices in Latvia decreased by 3.4% in April again
Milk prices continue to decrease in Latvia, and the average milk price in April 2016 was 3.4% lower than in March, informs LETA, according to the Agriculture Ministry's data.
Audit: transparency of Estonian public broadcaster must increase
The National Audit Office is of the opinion that the Estonian public broadcaster ERR has used the money allocated from the state budget purposefully, lawfully and prudently, but the transparency of financing the public broadcaster and its ties to development documents should be increased.
China seeks to secure funding of projects in Central, Eastern Europe
China, which seeks closer cooperation with Central and Eastern Europe, is developing financial instruments that would facilitate financing of large-scale infrastructure and production investment projects in the region, informs LETA/BNS.
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