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Friday 20.07.2018 | Name days: Ramona, Ritma

Finance Ministry: growth observed for general budget revenue in Q1

In the first four months of 2018, Latvia’s general budget revenue had exceeded expenditures, forming a surplus of EUR 239.9 million, which is EUR 69.2 million more when compared to the same period of last year. A surplus formed for the state consolidated budget (EUR 160.1 million) and municipal consolidated budget (EUR 79.9 million), as reported by Finance Ministry.

Flats built in Tallinn, construction volume in Estonia up by 21%

Construction companies in Estonia have in the first three months of 2018 expanded their production by 21%, Estonian statisticians have estimated.

Tartu railway routes operating again, system recovery from fire worth millions

In Estonia, railway traffic around the second city of Tartu interrupted last week by a cable fire has been restored with a temporary solution. To fully restore the automatic system, Estonian Railways estimate, millions of euros could be spent.

Turkish lira sharply loses value this week

The national currency of Turkey, the lira, has lost five percent of its value against the U.S. dollar this week resulting in a 20%-drop in the currency pair in 2018. The Middle Eastern NATO member is to hold early presidential and parliamentary election in June.

First Russian floating nuclear power plant reaches Murmansk

Russia's floating nuclear power plant, after passing through the Baltic sea, has arrived in the Arctic port of Murmansk over the weekend as it prepares for its first mission, supplying electricity to an isolated Russian town across the Bering Strait from Alaska.

Foreign clients’ deposits in Latvian banks declined 27.1% in Q1 2018

Deposits of foreign clients attracted by Latvia’s banks have declined 27.1% in Q1 2018. At the end of March, it was EUR 5.869 billion, as reported by Finance and Capital Market Commission.

Latvia shipped 11.7% more oil products in Q1 2018

As part of the postponed excise tax payment regime, the volume of oil products shipped from Latvia in Q1 2018 was 13,869 or 11.7% larger than the one recorded in the same period of 2017, according to data compiled by the State Revenue Service.

Germany criticises U.S. attempts to block Nord Stream 2 gas pipeline

As to the controversial Nord Stram 2 Russian gas pipeline via Baltic sea to Germany, the German Economy has evaluated that American attempts to block it could be aimed at increasing U.S. a planned Russia-Germany gas pipeline to increase its own energy exports.

Construction output rise in Latvia was more rapid than EU’s average level in Q4 2017

Compared to last year’s October-December, Latvia’s construction output in Q4 2017 grew 19.9%, which is a much more rapid rise than the average in the European Union, according to data published by Eurostat on Thursday, 17 May.

Average real estate property price in Riga remains lower than in Tallinn and Vilnius

Real estate prices in Latvia’s capital city or Riga are behind prices in Tallinn and Vilnius. The price for 1 m2 in Riga is currently around EUR 1,390. Prices reach EUR 1,800 in Tallinn and EUR 1,500 in Vilnius, according to information analysed from kv.ee, city24.ee, dom.ria.com, city24.lv, aruodas.lt and domoplius.lt.

Number of foreign tourists hosted in Latvia’s tourist accommodations up 15.3%

A total of 454.2 thousand visitors stayed at Latvian tourist accommodation establishments in Q1 2018, which is 14.3 % more than in Q1 2017.

Rail freight volume in Latvia down 10.9% in four months

Compared to the same period of last year, rail freight volume in Latvia dropped by 10.9% in the first four months of 2018 and was 15.673 million tonnes, according to data compiled by Transport Ministry.

Women make savings for children's future more often than men

Among Baltic States, mothers living in Latvia prepare for their children’s future more actively. Parents in Estonia, on the other hand, are more generous when it comes to diverting money for their children’s future, according to SEB Life Insurance data.

FCMC to announce decision regarding ABLV Bank’s self-liquidation plan in May

Finance and Capital Market Commission plans to announce its decision regarding ABLV Bank’s self-liquidation plan in May, as confirmed by FCMC Communication Office manager Ieva Upleja.