The Baltics Today

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Estonian defense co Milrem to expand Tallinn workshop

The Estonian defense industry company AS Milrem is to expand its Tallinn workshop due to different development and cooperation projects, and will soon announce a construction tender, reports LETA/BNS.

Swedbank lowers Estonia’s 2016 GDP growth estimate to 1.5%

Swedbank on Monday lowered Estonia's economic growth forecast by 0.5 percentage points to 1.5%, while next year's forecast was left unchanged, reports LETA/BNS.

Latvia’s ruling coalition agrees on more moderate pay rise for State Revenue Service head

The ruling coalition parties today agreed to increase the salary to the head of the State Revenue Service but the pay rise will be somewhat lower than the initial proposal, reports LETA.

Evolution Gaming turnover grows 54% in H1

In the first half of 2016 Evolution Gaming, Latvia-based IT and live casino services company, posted EUR 51.9 mln in turnover, which is 54 % more than during the same time period last year, the company informed LETA. Meanwhile, the company's earnings before interest, taxes, depreciation and amort...

Average monthly gross wage in Latvia rises 3.3% in Q2

Data of the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2016 average gross wages and salaries in the country constituted 838 euros. Compared to the 2nd quarter of 2015, average wages and salaries grew by 3.3% or 27 euros, indicating 2.6 percentage points lower annual increase...

Wage increase slows

The annual rate of wage increase has been substantially dropping for a second consecutive month. In the second quarter, the average full-time wage was only 3.3% higher year-on-year. It is twice slower than in 2014 and 2015. We expect that in the next quarters the annual rise in wages will be unde...