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Ceturtdiena 21.11.2019 | Name days: Andis, Zeltīte

Eurozone’s GDP growth forecast doubles

The eurozone’s gross domestic product (GDP) will increase this year by 1.7%, shows the latest European Commission forecasts. Previously it was anticipated that the eurozone’s GDP will grow only by 0. 9%.

IMF: exit from crisis does not guarantee new jobs

During the following years, the global economy will not be able to provide a significant growth of new openings. The highest risk of low economic growth and high unemployment level still remains in Europe, believes the Managing Director of International Monetary Fund (IMF) Dominique Strauss-Kahn.

Russian banks - not among world top reliable ones

The banks of Russia have not been included in the top 50 of the most reliable banks in the world. The list was published for the 19th time by Global Finance.

More than 300 thousand unemployed in Lithuania

This year, in Lithuania, 318.7 thousand unemployed persons were registered on September 9th.

Nokia CEO dismissed

At the end of September, Olli-Pekka Kallasvuo will be suspended from the office of Chief Executive Officer (CEO) at the company Nokia.

Zatlers meets with Poland, Lithuania and Estonia’s Presidents

The President of Latvia Valdis Zatlers is today, September 10th, meeting with the Estonian President Toomas Hendrik Ilves, the Lithuanian President Dalia Grybauskaite, and with the new Polish President Bronislaw Komorowski.

Fidel Castro finds Cuban economic policy failing

The 84-years old politician Fidel Castro admits that the Cuban economic policy is not capable of functioning any more.

Trichet praises Estonia's eurozone preparations

Jean-Claude Trichet , president of the European Central Bank, said yesterday in Frankfurt that preparations for Estonia's accession into the eurozone were on track.

Lithuanian government forecasts rapid inflation

Taking into consideration grocery and other goods price increase, Lithuania consumer prices are to increase this year, announced the Lithuanian Finance Minister, changing his previous deflation forecast.

SAS recognized as world’s most punctual airline

The air company SAS Scandinavian Airlines (SAS) has secured the status of the most punctual airline, as it was recognized as the most punctual in the world for a second summer in a row.

Estonian tax revenues surpass results of 2009

In eight months time, the Estonian tax revenues have reached 2.7 billion euro (1.9 billion lats) mark, and currently comprise about 68% of the planned national income.

Putin implies possible return to President post

Russian Prime Minister Vladimir Putin in his speech in Sochi indicated that he has not made up his mind yet whether to candidate in the Presidential Elections of 2012. Meanwhile he reminded that the President of USA Franklin Roosevelt was elected four times.

Estonian newspaper turnover declines

Compared to the previous year, the newspaper turnover in Estonia has considerably decreased this year, suggests the data obtained by the Latvian Association of Press Publishers (LAPP).

After stress test publication euro bank shares fall sharply

The SX7P shares value has dropped in the European banks. This was caused due to the doubts about the efficiency of state creditors' issue of loans, which occurred shortly after the Wall Street Journal published an article on stress test results and the bank's Basel III capital move uncertainty.

Expert: alongside with the inflation growth, Russia has to consider raising interest rates

Experts are of the opinion that, alongside with growing inflation,the Central Bank of Russia should reconsider the option of increasing the interest rates.

Estonia to cut subsidies for renewable energy

Estonian government wants to reduce subsidies for renewable energy producers, thus reducing costs for consumers, indicates Minister of Economic Affairs of Estonia Juhan Parts. The Ministry of Economics of Estonia plans to prepare amendments in the bill.

Lithuanian GetJar – one of World Economic Forum winners

For the first time in the history, the Lithuania mobile phone application developer GetJar, has been recognized as one of the world’s most innovative companies for the category Technology Pioneer 2011 in World Economic Forum (WEF).

US economy hits low point

The US economy is currently at such state that it even does not have to be concerned about a double-dip recession.

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