Latest EntryMay 16, 2012 Estonia Comments Off
In 2013, inflation is expected to maintain at around 3.4 percent, pulled upwards by the completion of the electricity distribution reform on Jan. 1, 2013. The unemployment rate is expected to fall to 11.6 percent this year and 10.5 percent next year. Nominal wage growth is expected to remain ...May 16, 2012 Latvia Comments Off
Kazaks believes that now is the time to join the eurozone. At the May 10 National Trilateral Cooperation Council session, Dombrovskis warned, in response to business representatives’ doubt...May 2, 2012 Latvia Comments Off
Decisions that set requirements on investment amounts and targets are a signal to those investors who meet such criteria, that they and their investments are welcome in Latvia.. ...Apr 26, 2012 Lithuania Comments Off
In 2012, inflation will decrease to 3.2 percent and to 2.9 percent next year. According to Danske senior analyst for the Baltic States Violeta Klyviene, “The eurozone problems will affect L...Apr 26, 2012 Latvia Comments Off
From this point of view, it would be too early to celebrate victory, emphasizes the expert. Commenting on several leading economists’ opinions that Latvia’s expenditure reduction mea...Apr 25, 2012 Estonia Comments Off
“Great contribution to the development of the airline was given by Estonian customers. We have not done large or expensive campaigns to grow our passenger numbers; however, we have increased...Apr 25, 2012 Lithuania Comments Off
The bus fare for the trip is pretty much the same, but most people prefer trains,” Liudmila Silko, deputy director of Mega Dialog, a Belarusian travel agency, told Delfi. Too early to make...Apr 25, 2012 Lithuania Comments Off
In addition, no parking charges are applied for such cars and, contrary to conventional or hybrid cars, this model does not produce harmful CO2 gases causing the greenhouse effect. Minister of T...Apr 18, 2012 Estonia Comments Off
The central bank’s latest Labor Market Review reveals that employment soared in comparison with the recent past, and also with other European countries. The labor participation rate posted...Apr 18, 2012 Latvia Comments Off
The main goal of the new entity, RVU Baltija, will be the renovation of rail cars in Latvia, creating a number of new jobs in Latgale. Latvijas Dzelzcels CEO Ugis Magone said that a seven-year agr...Apr 18, 2012 Latvia Comments Off
The Finance Ministry adds that the basic expenditure in the master budget for 2014 is 3.36 billion lats and in 2015, 3.17 billion lats. The Ministry says that budget consolidation measures are n...Apr 18, 2012 Latvia Comments Off
Latvia’s main export partners were Lithuania (14.8 percent of total export), Estonia (12.9 percent), Russia (10.9 percent), Poland (7.2 percent), and Germany (6.9 percent). The largest sha...Apr 11, 2012 Lithuania Comments Off
“My uncle talked me into going with him to Suwalki for shopping. Before the trip, I hadn’t ever given a thought to how much cheaper shopping in Poland could be,” he said to a loc...Apr 11, 2012 Estonia Comments Off
Senior researcher of the institute Leev Kuum noted that growth is likely to range from 0 to 4 percent this year and that the institute’s projections do not differ significantly from those of...Apr 4, 2012 Estonia Comments Off
The foreign impact is demonstrated by an export share of more than 50 percent of Estonia’s GDP. By the end of 2011 Estonia had a total foreign direct investment stock of 12.7 billion euros. ...Apr 4, 2012 Estonia Comments Off
The company spent 200 million euros building the plant, and if it comes into operation without a hitch this year, Eesti Energia intends to spend another 1 billion euros on two additional 280 units...Apr 4, 2012 Lithuania Comments Off
Meanwhile, the increase of domestic consumption and imports will remain more or less unchanged from 2011 rates. Given the latter scenario, Lithuanian GDP growth could seek 3 percent,” DNB an...Mar 28, 2012 Lithuania Comments Off
However, the Belarusian company Triple, which exports diesel fuel to the EU, was included on the EU’s black list on March 23. Some 10 percent of diesel fuel is imported to Lithuania from Bel...Mar 21, 2012 Latvia Comments Off
Inflation will have to below the average of the three lowest rates in the European Union plus 1.5 percentage points to qualify for the currency. The central bank forecasts inflation of 2.4 percen...Mar 21, 2012 Estonia Comments Off
“As far as I know, from previous years, Riga and Tallinn have paid approximately 60-70,000 euros for rental space at the show. You have additionally to calculate expenses for installing the ...Mar 14, 2012 Estonia Comments Off
EU residents accounted for 81 percent of the total number of visitors, whereas the share of the CIS was 12 percent. Visits by EU residents increased 12 percent, year-on-year, and those by CIS resi...Mar 14, 2012 Estonia Comments Off
The growth in construction was supported mainly by the repair and reconstruction work of buildings. The construction volume of civil engineering works also increased rapidly,” the statistics...Mar 14, 2012 Lithuania Comments Off
Lithuania exports around 60 percent of its goods to the European Union, which at present finds itself in a troublesome economic situation. According to the latest macroeconomic indexes, the EU&r...