Baltic States

Latvian GDP growth revised to just 0.3% y/y in Q3

bne IntelliNews November 30, 2016

The Latvian economy grew a seasonally adjusted 0.3% y/y in the third quarter, a second reading from the Central Statistical Bureau (CSB) showed on November 30.

Lithuanian GDP growth slowdown to 1.7% y/y confirmed

bne IntelliNews November 30, 2016

Lithuanian GDP grew an unadjusted 1.7% y/y in the third quarter of 2016, according to a second estimate released by Statistics Lithuania on November 30.

OECD views fiscal stimulus and stronger investment as vital for Visegrad and Baltics

bne IntelliNews November 28, 2016

Spending in areas with longer term payoffs are particularly crucial in CEE, where innovation and productivity are low.

Estonia’s outcast party returns to power

Wojciech Kosc in Warsaw November 21, 2016

Centre Party able to capitalise on coalition deadlock after it refreshes its leadership.

Central Europe and Baltics still struggling to cast off corruption, TI survey shows

bne IntelliNews November 17, 2016

The performance of Central European and Baltic countries to stem corruption in the political system continues to be middling to poor, Transparency International’s (TI) Global Corruption Barometer suggested on November 16.

Lithuanian president asks Peasants Party to form new government

bne IntelliNews November 15, 2016

President Dalia Grybauskaite officially asked the Peasant and Green Party to form a new Lithuanian government on November 15.

Rising poverty drives bne’s global Despair Index

Ben Aris in Berlin November 15, 2016

bne’s Despair Index values are contained in most developed countries of the world and many of the former Eastern Bloc countries have scores on a par with their Western peers. But the share of poverty remains too high in many countries.

Estonian GDP growth secures small rebound in third quarter

bne IntelliNews November 11, 2016

Estonian GDP expanded 1.1% on the year in the third quarter, adding 0.3pp to the tempo seen in April-June, Statistics Estonia announced in a flash estimate on November 11.

Lithuanian parties agree new government coalition

bne IntelliNews November 10, 2016

The conservative Peasants and Green Union, surprise winner of the Lithuanian election in October, agreed on a coalition with the Social Democrat Party, the outgoing coalition leader.

Baltics and Poland wary over Nato pledges following US election

bne IntelliNews November 9, 2016

The Baltic states presented a calm front in reaction to the shock victory of Donald Trump in the US presidential election.

Estonian government loses no-confidence vote

bne IntelliNews November 9, 2016

The vote opens the way for the Centre Party, which represents Estonia’s large Russian minority, to take over after more than a decade of Reform Party rule.

Lithuanian inflation accelerates in October

bne IntelliNews November 9, 2016

The Lithuanian consumer price index (CPI) grew 0.9% y/y in October, accelerating slightly over the previous month, data released by Statistics Lithuania on November 9 showed.

Nato members digest Trump win, express concerns

Nicholas Watson in Prague November 9, 2016

Unpredictability is never an asset in foreign or defence policy, so the election of the mercurial Donald Trump to the US presidency is already causing conniptions in European capitals, especially those of Central Europe.

Estonian parties tell PM jump or be pushed

bne IntelliNews November 8, 2016

Five of the six parties in the Estonian parliament handed Prime Minister Taavi Roivas an ultimatum on November 8, calling on him to step down or be humiliated in a no-confidence vote the following day.

Marks & Spencer to exit several CEE, SEE markets in global overhaul

Carmen Simion in Bucharest November 8, 2016

Stores in Hungary, Poland and Romania to shut as UK-based retailer reports fall in profits.

Turkey and Russia fall sharply in World Justice Project Rule of Law Index

bne IntelliNews November 8, 2016

Turkey is at the bottom of the World Justice Project Rule of Law Index 2016 but only just above Russia, Kyrgyzstan and Ukraine.

Sudden collapse of Estonian coalition opens door to ethnic Russian party

bne IntelliNews November 8, 2016

Estonia's three-party rainbow coalition found itself on the verge of collapse late on November 7. The sudden breakdown appears to offer the ethnic Russian Centre Party a route into power.

CEE/CIS BANK SURVEY 2016: Foreign players look for niches after market bottoms out

Robert Anderson in Prague November 7, 2016

With tighter regulatory rules looming, life is not going to get any easier for the region’s banks.

Estonia sells e-residency as Brexit dodge to UK companies

Fabrice Deprez in Tallinn November 7, 2016

There might be a way for British entrepreneurs and digital companies to dodge Brexit if they take up e-residency in Estonia, even if they physically remain in the UK and never visit the Baltic country.

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