Compared to April, the level of producer prices in Latvian industry grew by 0.4% in May. The prices of products sold on the domestic market increased by 0.3%, whereas the prices of exported products grew by 0.5%. The prices of products exported to euro area countries grew by 0.8% and of products exported to non-euro…
At the end of Q1 there were 15.7 thousand job vacancies in the country, and the indicator has risen by 1.9 thousand, or by 13.6% YoY and by 1.3 thousand, or by 8.7% QoQ. The number of job vacancies and the share thereof in the total number of posts (vacant and occupied) has been growing…
Ukraine’s gross domestic product (GDP) in the first quarter of 2017 increased by 2.5% YoY, according to the Ukrainian State Statistics Service’s updated assessment. The agency earlier published its preliminary assessment on May 15, where it estimated GDP growth in the first three months of 2017 at 2.4%, which was 0.1% down on the new…
Azerbaijan is an important partner for Latvia, both in economic and political terms, said Latvian Transport Minister Uldis Augulis. He made the remarks at a meeting of the Latvia-Azerbaijan Intergovernmental Commission for Economic, Scientific, Technical and Cultural Cooperation in Baku on June 20. The minister said there were many spheres that had big potential for…
The role of international business service centers keeps increasing in the global economy. In Latvia, however, their potential remains largely unexplored, says New Hanza City project’s developer Pillar representative Guntars Cauna. Business centers’ specifics are dictated by their functions, says Cauna. The most common functions are accounting or wage management, data processing and functions that…
Azerbaijan’s GDP volume reached 25.34 billion manats in January-May, down by 0.9% YoY, according to a report of the country’s State Statistics Committee. GDP volume per capita reached 2610,3 manats. Meanwhile, the volume of Azerbaijan’s non-oil GDP rose by 2.3% in January-May as compared to the same period of 2016. The volume of Azerbaijan’s GDP…
The consumer confidence index in Ukraine grew by 3.2 points in May, to 58. It is the highest since July 2014, GfK Ukraine reported. “In May Index of Current Personal Financial Standing, Index of Expected Changes in Personal Financial Standing and Index of Economic Expectations reached their maximum indicators over the past two years,” the…