News
Consumer board: 43% of sellers violate euro price regulations
Estonian consumer authority says that 43% of service companies and retailers that it inspected in August either failed to show dual prices both in kroons and euros, used inaccurate conversion rates or rounding.
Lithuania expects economy to expand 1.6% in 2010
Lithuania’s finance ministry reiterated its economic growth forecast of 1.6 percent for this year and 2.8 percent for 2011.
Prime minister condemns the employers' manifesto
Prime minister Andrus Ansip used strong words in describing his opinion about the recommendations of the Employers' Confederation on which way the Estonian state should be developed. Employers suspect that the PM is opposing the document because of the upcoming elections, writes Äripäev.
Estonian consumer prices up 2.9% annually in August
Estonian consumer price index in August was 2.9% higher than a year earlier, while prices remained unchanged from July 2010. Goods were 3.0% and services 2.8% more expensive compared to August of the previous year. Food products were 4.2% and manufactured goods 1.7% more expensive, according to Statistics Estonia.
Tallink carried 5% more passengers in fourth quarter on year
Estonian listed ferry group Tallink said that it carried 2.83 million passengers in the fourth quarter or more than 5% than a year earlier.
Latvian Central Bank sold 78 mln lati for euros
Latvia’s central bank sold about 78 million lati ($142 million) for euros last week, Bloomberg quoted the central bank's statement.
Lithuania's telecom giant acquires a company from Martinson Trigon
Estonian investment company Martinson Trigon sold 100% of its Lithuania portfolio company Hostex to Baltic Data Centre, a subsidiary of Lithuanian telecom giant TEO LT.
Latvia’s current-account surplus at 6% of GDP in 2nd quarter
Latvia’s current-account surplus was 6 percent of gross domestic product in the second quarter, the lowest level in more than a year, as write-downs by foreign- owned banks declined, reported Bloomberg.
Column: why voters love the Reform Party?
Estonian sociologist Juhan Kivirähk says that the results of the August popularity poll of parties give plenty of reason to analyse why the public support for Andrus Ansip's Reform Party has remained so high even during the worst-ever economic crisis in Estonia.
Fitch raises Latvia’s outlook to stable on economy
Latvia’s credit rating outlook was raised to “stable” by Fitch Ratings after the government controlled a spiraling budget deficit and stabilized the economy following the European Union’s deepest recession, writes Bloomberg.
Latvia’s current-account surplus at 6% of GDP in 2nd quarter
Latvia’s current-account surplus was 6 percent of gross domestic product in the second quarter, the lowest level in more than a year, as write-downs by foreign- owned banks declined, writes Bloomberg.
Survey shows wages highest in Estonia, lowest in Lithuania
The highest monthly wages in the Baltics are in Estonia at 12,689 kroons (822 euros), followed by Latvia (444 lats, 634 euros) and Lithuania (2,056 litas, 596 euros), according to a survey.
Port of Tallinn handling more Russian fuel oil
Port of Tallinn shipped 2.349 million tonnes of oil products in August, most of it Russian fuel oil. Volumes were up 21% from the same month last year and up almost 4% month-on-month, reported portworld.com.
Ministry: registered unemployment has been falling for 5 months
As of this morning, Estonian Unemployment Insurance Fund had 72,132 people registered as unemployed. This is 1,130 people less than a week before and is equal to 11.1%, writes aripaev.ee with reference to the Estonian ministry of social affairs.
Latvia posted EU's steepest GDP fall in the second quarter
Latvia's gross domestic product fell by 3.9% in the second quarter of the year 2010 as compared with the second quarter of 2009. It was the largest decrease among all the European Union member states, according to the latest Eurostat data.
Trichet: Estonia's eurozone preparations are on track
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, writes Äripäev.
Lithuania may sell 500 million euros of bonds
Lithuania may sell at least 500 million euros in seven-year bonds in coming weeks to cover the country’s financing for the next year, Reuters reported.
PM: tax revenue has never been as good
Estonia’s budget deficit may shrink more than forecast after tax receipts reached a record percentage of the government’s annual revenue plan last month, prime minister Andrus Ansip said today at a cabinet press conference.
Yask East may start assembling trolleybuses in Lithuania
Vilnius-based Yask East plans to turn Lithuania into the next exporter of trolleybuses and compressed natural gas-fired buses by assembling low-floor vehicles from bodies supplied by Ukraine's major car and bus producer Bogdan Corporation (itself a trolleybus maker) and electrical equipment from French Cegelec's plant in the Czech Republic, writes news2biz.
airBaltic continues active recruitment
Latvian national airline airBaltic said it continued expansion in Estonia and was currently looking for ground handling staff, in order to service airBaltic passengers and aircraft at Tallinn airport.
