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Wednesday 22.01.2020 | Name days: Austris

Ober-Haus: Riga apartment prices surge 5.8% year-to-year

If comparing to July 2010, the average price of non-renovated apartments in Riga was up about 5.8% year-to-year (576 euro/m2), according to Ober-Haus market review.

Foreign trade grows 28.7% in June

In June 2011, the overall foreign trade turnover at current prices mounted to 1056.8 million lats – 7.9% or 91.2 million lats less than last month, while 28.7% or 235.6 million lats more than last June, according to the Central Statistical Bureau’s provisional data.

Estonia’s import surges 33% in June

In June 2011, Estonia’s import at current prices hit one billion euro – a rise of 33% year-on-year, according to Statistics Estonia. In the first half of 2011, imports went up 49% in annual terms.

Estonian exports up 54% in June

Estonian exports grew 54% during the first half of this year, compared to a year earlier.

Everyone to use e-signature in two years

After two years, absolutely all residents of Latvia will use the e-signature, forecasts Jānis Bokta, chairman of the Latvian State Radio and Television Centre board.

Banks offer loans and credit cards more actively

Along with the economic recovery, people are now also more open to consumption loans and various credit cards banks offer.

Latio: rapidly surging prices of Riga apartments demanded by foreign buyers

In July 2011, the average price of standard apartments in Riga fell for the third month in a row, while prices of new and renovated apartments at Riga’s centre have rapidly surged during the year, indicates Latio’s housing market report.

Economist: price drops in July surprise in a positive way

As forecast by Nordea bank, inflation kept shrinking in July and the price drops recorded in July, compared to June, surprise in a rather positive way, says Andris Strazds, senior economist at the bank.

Ober-Haus: Riga apartment prices drop 0.2% in July

Apartment prices in Riga fell 0.2% in July, according to the real estate company Ober-Haus apartment price index.

ECB to rescue Italy and Spain from default

On August 7, the European Central Bank officially announced its intention to buy government bonds issued in the euro area in order to stabilize the financial situation.

Oil drops 3 dollars on S&P downgrade

On Monday, August 8, oil fell 2 dollars amid the international rating agency kā Stadard & Poor's decision to downgrade the U.S. credit rating down to AA+. The move has also sparked fear of yet another recession.

Inflation hits 5.2% in Estonia

Compared to June, the consumer price index in July grew 0.5% in July 2011, while the registered inflation amounted to 5.2%, indicates Peeter Luikmel, economist at Estonia’s central bank.

U.S. loses its S&P AAA rating

The United States of America have lost their highest credit rating (AAA) granted by the international ratings agency Standard & Poor’s. This comes as a significant blow to the country which is struggling to escape default.


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