According to the report by European Statistical Agency Eurostat, unemployment rate in Latvia in November stood at 14.3%, which was higher than average EU-27 unemployment rate of 9.6% and the third highest unemployment rare in EU. Latvia was preceded only by Spain (20.6% unemployment rate) and Slovakia (14.5%). According to the Labour Force Survey performed by Central Statistical Bureau (which estimates both registered and non-registered unemployed), there were 225,800 unemployed or 19.4% of the economically active population in Q2/10 (20.4% in Q1/10 and 16.7% in Q2/09). Average unemployment rate last year was expected at 17% by EconMin. |
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Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more