With price growth picking up speed on December’s growth of 2.2% y/y, January was the seventh successive month of rising CPI.
Estonia's consumer price index (CPI) grew 2.7% in annual terms in January, data from Statistics Estonia showed on February 7. The reading shows price growth in the first month of 2017 was at its highest since August 2013.
Latvia's calendar-adjusted industrial production expanded 4.9% in 2016, picking up speed on the 3.4% growth in 2015.
Estonian industrial production grew 2.3% in 2016, driven by expanding energy production and growth in manufacturing.
Estonian retail sales grew 4% y/y in 2016, according to preliminary data released by Statistics Estonia on January 31.
The Latvian economy grew 1.6% in 2016, a flash reading from the Central Statistical Bureau (CSB) indicated on January 30.
Lithuanian GDP surprised to the upside as it finished 2016 with growth pushing to 2.2% y/y.
Fintech start-ups are flourishing across Central and Eastern Europe, from Russia to Turkey, though Poland is probably the furthest ahead in establishing itself as the most important regional hub.
As international legal firms pull back, regional and local firms are moving in, bringing fees down.
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