The Baltics Today

EU Budget for 2018: directions for smart, inclusive and sustainable growth

In mid-November 2017, negotiations on the EU budget for 2018 have been finalized. Total commitments for common EU issues are set at about €160.1 billion and payments reached nearly €144.7 billion. Smart and inclusive growth (with € 66,6 bln), as well as new directions in sustainable growth (with ...

In 2016, social protection expenditure in Latvia increased by 4.2%

Provisional data of the Central Statistical Bureau (CSB) show that in 2016 social protection expenditure in Latvia accounted for EUR 3 783.6 mln and, compared to 2015, it has grown by EUR 151 mln or 4.2%. Expenditure on unemployment rose by 19.2%, on sickness and heath care by 6.5%, and on suppor...

European Semester aims at sustainable and inclusive growth

European Semester is a specific EU’s control instrument over member states’ development. At the end of 2017, Commission sets out EU's economic and social priorities for 2018 and gives policy recommendation for the euro area states and completes the assessment of these states' draft budgetary plan...

GDP increased only in Vilnius, Kaunas and Šiauliai counties in Lithuania in 2016

Statistics Lithuania informs that, based on non-final data, in 2016, gross domestic product (GDP) increased only in Vilnius, Kaunas and Šiauliai counties. In 2016, the bulk of GDP was created in Vilnius county – 41.6%; GDP created in Kaunas and Klaipėda counties accounted for, respectively, 20 an...

Nitrofert earns EUR 6 mln FY profit, revenue dropped in 2016

The Ukrainian-equity fertilizers producer AS Nitrofert based in Kohtla-Jarve, northeastern Estonia finished the year 2016 with a profit of approximately six million euros thanks to income from the sale of carbon emission credits and interests on lendings, writes LETA/BNS.

Maxima signs deal to buy Poland’s Stokrotka

Maxima Grupe (Maxima Group), the leading Baltic retailer that owns the Aldik retail chain in Poland, has signed an investment agreement on the acquisition of Stokrotka, a chain of 410 convenience stores in the neighboring country, informs LETA/BNS.