In the final quarter of 2011, compared with the same period in 2010, the Estonian economy expanded 4%.
Estonia’s economy grew 7.5% in total last year, if compared with a year earlier, reports Postimees, referring to the Estonian Statistical Department.
Manufacturing turnover played the biggest role in boosting the economic growth. According to initial estimates, the last year’s fourth quarter growth was primarily slowed down by a decline in added value-added in manufacturing, energy and real estate.
BNN already reported, according to the flash estimate of the Central Statistical Bureau, compared to the 4th quarter of 2010, the Gross Domestic Product (GDP) expanded 5.0% in the 4th quarter of 2011, according to seasonally non-adjusted data.
During the June 17 meeting of the Saeima Praesidium, the parliament's budget for 2014-2016 was confirmed. The parliament does not plan to increase expenses for current activities, rather divide the funding for two main budget goals – LVL 255 thousand for Latvia's presidency over the Council of the European Union and LVL 2.76 million for the reconstruction of the main building on Jekaba Street 6/8.
Deputy Chairman of Riga Free port Eriks Skapars has submitted his resignation to Latvian Finance Minister Andris Vilks for the recent working visit to Kazakhstan.
EURIBOR and RIGIBOR interest rates that compile the variable part of loan interest rates have been at their lowest since 1999.
Two Latvian companies – Centre Composite and Aviatest – will be participating in the Paris Air Show this week. This will be the first time for Latvian companies to participate in an event that gathers giants like Boeing, Airbus, Bombardier Aerospace and Eurocopter.
The creditors club of Liepājas metalurgs (LM) has received at least three offers from potential investors, Latvian Economy Minister Daniels Pavluts claims.
The U.S. National Security Agency has unveiled in a classified briefing that its analysts can listen to domestic phone calls without court authorisation.
According to the Latvian Environmental Protection and Regional Development Minister Edmunds Sprudzs, some Saeima deputies are pitiful people who lack their own opinions and freedom in making decisions.
Bribery accused Riga City Council official Arija Stabina has gone missing. Her current whereabouts are unknown. The Corruption Prevention and Combating Bureau (CPCB) had arrested Stabina some six months ago and charged her with bribery and document forgery.
The “Fair euro adopter” campaign was initiated this week. As part of it, a memorandum between the Latvian government and entrepreneurs will be signed. This document will dictate voluntary obligation of businessmen to recalculate prices from LVL to EUR in accordance with the exchange rate of the Bank of Latvia.
European aircraft manufacturer Airbus has successfully commenced a series of test flights with its latest – A350. The company hopes that the jet airliner will outrival Boeing's 787 Dreamliner, which has recently suffered technical troubles.
Recep Tayyip Erdogan, the Turkish Prime Minister, has met with representatives of main protester group after demonstrators in Istanbul's Gezi park ignored his last warning.
Compared to that of 2012, the number of employed people in Latvia increased by 4.8% in Q1 of 2013. This is currently the most rapid increase of employment in the EU.
June 15 is celebrated around the world ans the Global Wind Day. The Latvian Wind Power Producers Union (LWPPU) calls Latvian residents and politicians to consider using the wind's potential.
In 2012, London, Paris and Barcelona attracted most of the investments projects in Europe, as stated in the European Attractiveness Report 2013 of Ernst & Young.
39 GE Money ATMs will be disassembled in Latvia during the course of summer of 2013.
Latvian ministries and their entities plan to request an additional amount of nearly LVL 492.5 million or 8.7% of the total state budget of 2013. This confirms Prime Minister Valdis Dombrovskis' concerns about talks regarding the 2014 budget being complicated.
The European Parliament (EP) supports Latvia in its endeavour to join the united monetary union, as stated in the draft of EP's report. It is stated in the documents that the EP joins the European Commission and the European Central Bank in the endorsement for Latvia to adopt euro in 2014.
- Estonia reduces its export forecasts for 2013
- Premia Foods invests 750 000 in ice cream production
- Lithuanians and Estonians to buy Snoras' leasing arm
- Estonia may participate in Visagina power plant project
- Estonian analysts: Impact of economic emigration hard to estimate
- Barroso to be involved in Estonian-Finnish LNG terminal dispute
- Ilves: Estonia is a world power in IT
- Estonia's unemployment at 10.2% in Q1
- Slow-down in Estonia’s growth expected
- Estonians offer credit scoring solution based on social media
Top 5 Business news
Top 5 Social news
- Latvian ice hockey player Kristiāns Pelšs is missing; he may have drowned
- Firearms licence requirements to be made stricter in Latvia
- Latvia's population has dropped 1% in 2012
- PHOTO: iris – garden wonders of the Natural History Museum of Latvia
- Latvians are the least financially secure residents of Baltic States
Top 5 World news
Top 5 Video
Sorin Lassmann @ 2013-06-18 04:13:04
We arrange Following Bank Instruments Letter of Credit ( LC) From Various Banks in Singapore / HongKong / Europe /USA Used For Import / Export Business and Trade Finance . 90/180DAYS Bank Guarantee ( BG ) Fresh Cut Slightly Seasoned Seasoned Stand By Letter of Credit ( SBLC ) 90DAYS / 180/ 365DAYS Regards Contact : Mr. Sorin Lassmann Email: email@example.com Skype ID: ls.nicu
Ilmars @ 2013-06-16 14:07:28
What sanctions are there against businesses that dont use the correct BL exchange rate ? None. "voluntary obligation" should be correctly interpreted as meaning "no obligation". As happened in other euro countries , Latvian consumers can expect to be robbed during the introduction of the euro.
JPR @ 2013-06-15 15:01:35
JPR @ 2013-06-15 15:01:06
JPR @ 2013-06-15 14:58:47