Estonia’s industrial production decreased for the fourth consecutive month in June, mainly reflecting a sharp fall in mining output, data released by Statistics Estonia showed.
Industrial production declined 1.4 percent on an annual basis in June, faster than the 0.5 percent decrease recorded in May. The latest fall was the fourth in a row.
Mining production plunged 30.5 percent annually during the month, while manufacturing output moved up 1.9 percent. Energy production was lower by 10.8 percent compared to a year earlier, RTT News reported.
On a working-day adjusted basis, overall industrial output declined 3.9 percent year-on-year in June, the agency said.
Month-on-month, output in the industrial sector decreased a seasonally and working-day adjusted 1.6 percent in June, reversing the previous month’s 1.3 percent increase, data showed.
I deny the information that the whereabouts of the suspended director of the Customs Criminal Office of the State Revenue Service Vladimir Vaskevics are unknown, says his wife business woman Inara Vilkaste.
US car giant Ford Motor will shut all its Australian manufacturing plants by October 2016, after more than 85 years of making vehicles in the country.
Bomb disposal specialists of the Latvian National Armed Forces (LNAF) successfully neutralized the 500 kg aircraft bomb that was recently found in Ventspil port.
Yesterday, May 21, a 500 kg large aircraft bomb was found on the premises of Ventspils port, 3rd Zemessardze disttict headquarters representative Zanda Tamulone reports.
On Wednesday, May 22, the Enterprise Register of the Republic of Latvia registered a joint company - Kredītinformācijas Birojs – founded by a number of Latvian commercial banks – SEB bank, Swedbank, Nordea, DNB bank, Citadele bank and ABLV Bank. The goal of the newly founded enterprise is to have it function as a credit bureau.
The Baltic States continue to come close to the average level of the European Union – in the middle of 2011, the average income per capita in the Baltic states were above the peak of the pre-crisis period.
The Baltic States have been the most rapidly growing economies in the European Union lately, and they can retain their positions in the future as well. Economic growth in Latvia and Lithuania is expected to slow down this year. That in Estonia will remain unchanged – 3.3% respectively.
The general money offer index and attracted finances of credit institutions increased slightly this April. The general cash money demand, on the other hand, had reduced. There was also a moderate reduction in the general credit portfolio.
Apple found itself in front of a Senate Subcommittee Tuesday, May 21, defending its elaborate practice of keeping cash offshore in order to minimize their tax liability. But Apple is far from the only company that does this.
There are two scenarios available for the development of Latvia's economy – stay smart and grow naturally, or use a basis of cheap expenses – attract cheap workforce, Latvian Economy Minister Daniels Pavluts believes. The minister points to the growing interest of Russian business in Latvia, which could potentially lead toward rapid development.
The company responsible for oil deposits surveying in the Baltic Sea in Latvia's economic zone near Liepaja – Balin Energy with its Ocean Nomad drilling platform has reached 525 m depth below sea level.
On Tuesday, May 21, most of Latvia's territory will have thunderstorms, which will be accompanied by gusts of wind, reaching 20 m/Sec.
It has been unveiled in a leaked EU report that close to 60 percent of the clients of a Cypriot bank are «high risk» as regards money laundering and a large part of all bank depositors' files present errors.
A serious competition for the seat of Mayor of Ventspils has been brewing for a good time against Aivars Lembergs.
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Brian @ 2013-05-23 09:51:35
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Bono @ 2013-05-22 16:25:53
Orlov @ 2013-05-22 16:22:50