Latvia: EBRD predicts rapid economic growth

European Bank for Reconstruction and Development (EBRD) has maintained Latvia’s GDP outlook for 2021 unchanged. The country’s economic growth is expected to be the most rapid among the Baltic States. The bank’s latest outlook estimates Latvia’s economic growth to reach 3.5% this year. Commenting on this year’s outlook, EBRD notes that the slow speed of…

Estonia: retail trade turnover up in May 2021

The turnover of retail trade enterprises was EUR 778 million in May, up by 18% YoY at constant prices, data from Statistics Estonia showed. Jaanika Tiigiste, leading analyst at Statistics Estonia, explained that turnover growth of retail trade enterprises in May was mostly influenced by stores selling manufactured goods, where turnover increased by 32%. “The…