bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 29.03.2017 | Name days: Agija, Aldonis
LatviaLatvia

Survey: Latvian residents plan to spend on Christmas 87% more money than last year

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULatvian residents plan to spend approximately 87% more money on presents and other Christmas products this year in comparison with the previous year. Data from the Christmas barometer survey states that residents plan to divert an average of 20.4% of their monthly income on different goods associated with Christmas.

Compared with 2014, when residents spent EUR 190 on Christmas on average, Latvian households plan to increase their expenses. In spite of this expected increase, Latvian residents spend less money on Christmas than residents of other EU member states, including residents of Estonia and Lithuania. Estonian residents plan to spend 25.2% of their monthly income (approximately EUR 501) on Christmas. Lithuanian residents plan to spend around 26.1% (EUR 502).

Mindaugas Cidzikas, coordinator of Ferratum in Baltic States, continues: «Our annual survey shows that the purchasing power of Latvian residents has significantly increased over the past year. Latvia is slowly coming close to Europe’s average indexes, which means the country’s economic situation is gradually improving and residents are prepared to spend more money on gifts and other Christmas-related goods.»

Although traditionally residents of Eastern Europe spend more money on Christmas than residents of Western Europe, the British plan to spend the most money on Christmas this year: their Christmas expenses are expected to grow by nearly half and reach 38.5% or EUR 1,144. Following the British are Slovaks and Spaniards, who plan to spend EUR 655 and EUR 726 on Christmas respectively.

In total, 20% of respondents admitted planning to spend less money on presents than last year. 64.6% plan their budget on the same level as last year. 15.4% plan to spend more money this year.

Data of the survey states that Latvian residents plan to spend the most money on toys and games (24.7%), sweets and delicacies (17.2%) and books (14.9%). Estonian residents plan to spend most of their Christmas budget on books (22.9%) and alcoholic beverages (14.8%). Lithuanians, like Latvians, plan to spend most of their money on toys and games (20.7%), sweets and delicacies (15.7%) and beauty accessories (15.1%).

When selecting Christmas gifts, Latvian residents give preference to traditional stores. 16.9% of all their purchases are made on the Internet. Lithuanian residents are the most active Internet store users in Baltic States – 20.2% of purchases are made online. Only 15.6% of purchases of Estonian residents are made on the Internet.

Ref: 103.109.109.9873


Leave a reply

Martins Bondars invites Riga residents to «topple» Nils Usakovs

Leaders of political parties Latvian Association of Regions and For Latvia’s Development believe the current Mayor of Riga Nils Usakovs is a real burden for the capital city’s development. This is why they have made it their main objective to «topple» Usakovs, as noted by Latvian Association of Regions.

Unity asks for assessment of Rail Baltica project for influence on Riga’s development

Unity’s representatives in Riga City Council Olafs Pulks and Nils Josts ask for an assessment of Rail Baltica project’s influence on the city’s development.

Latvian Defence Ministry signs agreement on cooperation in cyber security matters

As part of the E-skills week, Latvian Defence Minister Raimonds Bergmanis and President of Latvian Information and Communications Technology Association Signe Balina signed an agreement on cooperation in matters of cyber security.

Elvi and Aibe store networks form joint procurement group

Last week, two local Latvian store networks Elvi and Aibe commenced work on the creation of a joint company that would perform centralized procurements, as BNN was informed by representatives.

As UK readies to launch Brexit, interest in Estonian e-residency grows

A growing number of British citizens are applying for Estonian e-residency as the UK government plans to announce that the country will start leaving the EU later this week.

Expert: municipalities are incapable of attracting new residents

One way to increase budget revenue for municipalities is attracting new residents. This is a problem in Latvian municipalities, especially in Jurmala. «The city lacks cheap and accessible housing offers. This does not contribute to the attraction of new residents,» says real estate expert Jevgenija Dmitricenko.

Estonian gas seller: Excise duty hike unconstitutional

Estonian natural gas importer and seller Eesti Gaas has addressed the country’s Chancellor of Justice insisting that the increase of excise duty passed in 2016 was not in line with the rules of the Estonian constitution.

Bulgarian parliamentary election won by Borissov’s centre-rights

In the early parliamentary election of Bulgaria, the centre-rights led by the country’s long-time Prime Minister Boiko Borissov have won.

E-skills week to address the matter of digital security

Priorities of this year’s E-skills week include digital security and digital skills for employment and entrepreneurship, as well as e-services, comments vice-president of Latvian Information and Communication Technology Association Mara Jakobsone.

Strīķe: whenever contraband was associated with parties, SP put up all kinds of barriers

«I would never join any of the political parties that are currently in power,» said former official of Corruption Prevention and Combating Bureau and mayoral candidate from the New Conservative Party Juta Strīķe.

Penalty for not complying with state language rules – up to EUR 10,000

Amendments have been prepared for Latvia’s Administrative Violations Code. These amendments provide for a major increase of fines for non-compliance with state language regulations, as reported by the National Alliance.

Navalny jailed in Russia after organising anti-corruption mass protests

Russian anti-corruption activist Alexei Navalny has been convicted for disobeying police at a mass protest in the weekend.

Imants Liegis becomes Latvia’s first ambassador to Algeria

Submitting a copy of credentials to Algeria’s Foreign and International Cooperation Minister Ramtane Lamamra, Imants Liegis became Latvia’s first ambassador to Algeria with a residence in Paris, France, as BNN was informed by Foreign Affairs Ministry’s press-service.

EC develops stricter requirements for EU competition institutions

The European Commission invites member states to provide competition institutions with resources, independence and effective authority, as BNN was informed by Competition Council.

Tallinn Airport summer schedule to contain 36 routes

Tallinn Airport has announced its summer schedule that will include direct flights to 36 destinations and take effect from mid-April to late May depending on the airline.

«Elf» movement created to oppose internet «trolls»

«While the internet is the leading platform for topical news, it is also an environment for intentional disinformation and lies,» says researcher of the Eastern European Policy Study Centre Maris Cepuritis.

Construction costs in Latvia up 0.8% in February

Compared to January, the level of construction costs in Latvia increased by 0.2 % in February 2017. Labour remuneration of workers rose by 0.8 %, prices of building materials as well as maintenance and operational costs of machinery and equipment grew by 0.1 %.

Pärnu property sold for building plywood plant

Finnish capital company Metsä Wood Eesti has bought 104,000 square metres of land with plans to construct a 50 million euro plywood factory that would employ 200 workers.

Green farmer Krauze does not agree that circus animals have earned «freedom»

«When we were fighting for our freedom, I never would have imagined that we would start closing different circuses, because they present historical and cultural values. I believe we should not restrict that on a legislative level. If any circus owner wants to do that, they can. But we should not establish such restrictions on a national level,» said Armands Krauze, member of the Union of Greens and Farmers.

Providus/Delna notice major risks in approval of KNAB chief’s retirement pension

Saeima’s decision to support amendments to the Law on Retirement Pension of the Chief of Corruption Prevention and Combating Bureau has signs of state take-over, as stated by Providus and Delna in their Saeima work monitoring report for February 2017.

Programme: new TV3 and LNT owner will likely sell channels to someone else

The next owner of TV3 and LNT television channels, American Providence Equity Partners investment company, will likely sell these channels to someone else after some time, as concluded by De Facto programme of LTV.

Opinion: multi-speed development idea in Europe is not in Latvia’s interests

The idea of having a multi-speed Europe, as described in the Rome declaration signed by EU member states, does not comply with Latvia’s interests, says president of European Movement – Latvia Andris Gobins.

European Regional Development Fund allocates 15 million euros for start-up ideas in Latvia

For the first time in Latvia, Altum development financial institution has announced a search for acceleration fund managers. These funds will allocate so-called smart money for the realization of different business ideas in their early stages of development. Businessmen will be able to receive up to EUR 250,000 to realize their ideas.

Navalny detained as series of anti-corruption protests held across Russia

The leading Russian opposition activist Alexey Navalny has been detained in Moscow as series of anti-corruption protests were held across Russia.

Hundreds of protesters arrested in Belarus after mass protests

Several hundred people in Belarus have been arrested after participating in mass protests in Minsk and other cities.