An increasing number of Lithuanian emigrants are considering going back, according to a poll carried out by the Employment Service (UzT) in May 2023, LRT reports. The survey showed that 55.1% of respondents would like to return to Lithuania, which is 14.6 percentage points higher than in 2020. The majority of those who wish to…
Latvian ministries and other institutions have submitted proposals for priority budget measures worth EUR 1.983bn for 2024, according to the Ministry of Finance, LETA reports. Finance Minister Arvils Aseradens said that funding requests were EUR 250mn lower than in 2023. The largest requests were for teacher wages, health care, and defence. Other requests included covering…
Estonia’s GDP continued to decline by around 3% in the second quarter of 2023, according to Statistics Estonia’s flash estimate. The drop in GDP has slowed down slightly compared to previous quarters, however. Compared to the first quarter of 2023, the country’s GDP remained unchanged, according to seasonally and working-day adjusted data.
Annual inflation in Estonia stood at 6.3% in July 2023, which was down from 22.8% a year earlier, according to Statistics Estonia’s preliminary data, ERR reports. Compared to June 2023, consumer prices declined by 0.39%. In June 2023, annual inflation stood at 9.2%.
US-based credit rating agency Fitch Ratings has reaffirmed Latvia’s sovereign credit rating at A-, which is unchanged from the previous rating in February 2023, LSM reports. At the same time, the agency revised its rating outlook from stable to positive. Fitch noted that Latvia had eliminated its dependence on Russian energy imports and reduced non-energy…
Latvia’s retail trade turnover fell by 2.3% in June 2023, compared to June 2022, according to the Central Statistical Bureau’s calendar-adjusted data at constant prices, LSM reports. Retail trade of food products declined by 5.2% and non-food products by 2.9%, while retail sales of automotive fuel increased by 5.5% over a year. Retail trade turnover…
Latvia’s GDP fell by 0.9% in the second quarter of 2023, compared to the corresponding period of 2022, according to seasonally and calendar non-adjusted data, the Central Statistical Bureau’s flash estimate indicated, LSM reports. Manufacturing fell by 4.0%, while services grew by 0.6% over a year. Compared to the first quarter of 2023, the GDP…
Estonian consumers made purchases using payment cards, both home and abroad, for a total sum of around EUR 2.5bn in the second quarter of 2023, which was up 5.3% from a year earlier, according to data from the Bank of Estonia, ERR reports. Compared to the first quarter of 2023, card payments rose by 15.2%….
Estonia’s retail trade turnover fell by 9% in the first half of 2023 from a year earlier at constant prices, according to data from Statistics Estonia, ERR reports. In June 2023, retail trade turnover totalled EUR 896mn, which was down 8% over a year. Retail sales in stores selling manufactured goods fell by 12% over…