Posts under ‘The Baltics’
Industrial production output in Latvia grew by 8.9% in 2011
In 2011 industrial production output (1) (at current prices) comprised LVL 4759.2 million, in 4th quarter – LVL 1238.2 million, of which in December – LVL 395.3 million, according to the data of Central Statistical Bureau. Compared to 2010, industrial production volume in 2011 has grown by 8.9%, ...
Lithuania registers EU’s steepest annual increase in retail trade turnover in December
Retail trade turnover in Latvia in December 2011 increased by 7.1% from December 2010, which was the second largest increase across the European Union, according to the latest data from the EU's statistical office Eurostat. Lithuania registered the steepest annual increase in retail trade turnove...
Gasoline price in Baltic States were not among lowest in EU at end-January
At the end of January 2012, the retail price for 95 octane gas in Latvia was EUR 1,367.47 per 1,000 liters, including taxes, which is the eight lowest price in the European Union, according to the European Commission's data on fuel prices across the EU.
Wood exports from Latvia reached record-high LVL 1.10 – 1.12 bln in 2011
In 2011, Latvia's wood exports amounted to LVL 1.10 – 1.12 billion, the highest figure in the past 20 years, according to the Agriculture Ministry's approximate estimates.
EU fiscal compact ready to be signed
The new Treaty on Stability, Coordination and Governance in the Economic and Monetary Union was finalised by all EU member states with the exception of the United Kingdom and the Czech Republic on 2 February, 2012. It is expected to be signed by March 2012.
In Latvia 2011 budget deficit stood at 4% of GDP
The budget deficit in 2011 was at 4% of gross domestic product, if calculated pursuant to the European account system methodology, according to Latvian Finance Ministry's preliminary estimate.
