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Tuesday 27.09.2016 | Name days: Ilgonis, Ādolfs

European Central Bank raises GDP and inflation forecast

European Central Bank has revised two macro-economic forecasts for 2011. It is projected the eurozone GDP will expand 1.9% instead of the previously forecast 1.7%, while inflation is said to climb 2.6% instead of 2.3%.

Baltic euro enthusiasm drops over eurozone debt crisis

Latvia and Lithuania’s positive attitude towards joining the eurozone, as in case of their neighbour Estonia, is declining. It is likely that the next eurozone expansion might prolong, without attaining the previously set target – the year 2014.