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Sunday 19.01.2020 | Name days: Alnis, Andulis

Foreign investment volumes in Latvia reach EUR 7.03 billion in 2019

The volume of foreign investments in Latvia reached EUR 7.03 billion at the end of 2019. However, when compared to 2018, this amount has declined EUR 125.42 million, according to information compiled by Lursoft.

Vegetables in Estonia drove food price hike in 2019

Estonia’s consumer price index increased by 2.3% in 2019, compared to average prices in 2018. Changes in the price of non-alcoholic beverages and food had the largest impact on food prices, official statistics showed.

Latvia is doing everything to avoid getting grey-listed, says Kazāks

Latvia is doing all it can to avoid a possible negative scenario, when Financial Action Task Force may include Latvia on a list of countries found to have strategic problems with money laundering and terrorism financing prevention, otherwise known as the grey list, LETA was told by Bank of Latvia governor Mārtiņš Kazāks.

Lithuania to consider dropping smallest- value euro coins

To take one and two-cent coins from circulation, such is the idea the Bank of Lithuania will start a discussion on. Retailers, however, see risks in consumer mood over rounding sums up.

Key Baltic risks summarised in Lithuania-based study

Institutions are «begging for investments» – such is Lithuania’s situation with its course of economic development according an economist at the Vilnius Institute for Policy Analysis, which conducted a study into the key risks of the three Baltic states.

Tallinn region GDP portion decreases in Estonian economy

In 2018, 65% of the Estonian gross value added was created in Harju county, while the rest of the country is inching closed with Harju county, the official statistics of the Baltic country showed.

European Parliament adopts amendments on poultry imports from Ukraine

The European Parliament invites Ukraine to comply with the trade agreement that provides for a «spirit of trust» with the European Union, stressing that food safety standards apply to all products imported to the EU, as reported by EP representative Jānis Krastiņš.

Gunita Ķiesnere joins the board of Maxima Latvija

Maxima Latvija is strengthening its leadership team as Gunita Ķiesnere joins as Chief People Officer and Board Member. She was previously responsible for human resources at Fazer Group companies in the Baltics, Russia and Nordics.

Kazāks: the central bank cannot be made an «ivory tower»

The council of the Bank of Latvia should take over functions of the management board, said candidate for the post of governor of the Bank of Latvia and member of the central bank’s council Mārtiņš Kazāks in an interview to Latvijas Radio on Monday, 25 November.

October’s unemployment level in Latvia at 5.7%

The registered unemployment level in Latvia was 5.7% of economically active population in October, which is as much as a month prior, according to data from the State Employment Agency.

Estonian growth is slowing central bank agrees to IMF findings

The head of the Bank of Estonia has accepted the findings of the International Monetary Fund that the growth of the Estonian economy is slower in pace. The slowdown, should, however, lead to a cut in inflation, the official added.

Flash estimate: Latvia’s GDP increases 2.8% in third quarter of 2019

Compared to Q3 2018, the gross domestic product value increased by 2.8 %in Q3 2019 based on seasonally and calendar non-adjusted data.


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