The Baltics Today

Nearly 70% Lithuanian origin goods were exported to Europe in 2014

Based on preliminary data of Statistics Lithuania, in 2014 export accounted for EUR 24.4 billion while import for EUR 26.5 billion. Compared with 2013, export decreased by 0.8% while import increased by 1%. Foreign trade deficit was EUR 2.1 billion, reports LETA/ELTA.

The stable growth in retail sales in Estonia continued also in December

According to Statistics Estonia, in December 2014 compared to December 2013, the retail sales of goods of retail trade enterprises increased 6% at constant prices. Since August, the retail sales growth has remained within a stable of 5–6% compared to the same month of the previous year.

Pre-tax profit of Lithuanian enterprises grows by 23% in 9 months

In the first nine months of 2014, Lithuanian companies earned EUR 2.7 billion in pre-tax profit or by 23% more compared with the relevant period of 2013, reports LETA/ELTA.

Latvia wishes to develop closer cooperation with Finland in education field

Latvia wishes to develop closer cooperation in Finland in the field of education by developing cooperation in all areas of education and experience of technology transfer, President Andris Berzins said during a meeting with Finnish Prime Minister Alexander Stubb, cites LETA.

Eesti Pank may begin to buy bonds of state-owned companies

Although the so-called money printing program announced by the European Central Bank last week includes government bonds, it is not excluded that Estonian central bank Eesti Pank could buy bonds of state-owned companies, Eesti Energia and Elering, in the framework of it, LETA/Postimees writes.

Real wage in Lithuania increased by 5% in 2014

Based on preliminary data of Statistics Lithuania, in 2014 compared with 2013, the average gross wage, including sole proprietorships, increased by 4.6% or EUR 30 and stood at EUR 676.4, informs LETA/ELTA.