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Latvia in Austria | Latvians in Vienna | Bilateral Relations
Austria and Latvia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Lithuania and Latvia Preparing for Euro
The Baltic finance ministers emphasize sustainable growth and euro importance.
April 2, 2013
Latvia: Part Time Workers to Improve Employment
As economic growth has recovered, also demand in the labour market is increasing. Unemployed persons traditionally are the source used to increase the number of employed persons.
March 13, 2013
Russia’s Share in Latvian Exports Decreases
Provisional data of the Central Statistical Bureau show that in January 2013 compared to December of previous year, exports value of goods at current prices decreased by 4.6%, but of imports – by 4.1%.
March 13, 2013
Latvia: Increase for Minimum Wages Turned Down
Prime Minister Valdis Dombrovskis explained that a raise of minimum wages to LVL 303 (€ 428) is not realizable at the moment.
March 12, 2013
Lithuania: Exports Decreased by 7.6 % in January
Foreign trade in January 2013 decreased. Major losses in Agricultural sector.
March 8, 2013
Latvia´s Consumer Prices Stable
Compared to February of previous year, consumer prices have increased by 0.3%.
March 8, 2013
Recession in Euro-Area Still Affects CESEE Countries
According to the Vienna Institute For International Economic Studies (wiiw), the double-dip recession over, yet there is no economic growht in sight for CESEE countries.
March 7, 2013
Latvia: Drop in Industrial Productivity by 3.5 %
Data of the Central Statistical Bureau show that, in comparison with December 2012, industrial production in January 2013 has declined by 3.5 %
March 6, 2013
Latvia: Letter Requesting the Convergence Report is Signed
The Baltic country wants to become a member of the Eurozone by 2014.
March 5, 2013
Latvia: Eager for the Euro. But ready?
Latvia’s leadership considers adopting the Euro in 2015 or 2016. Despite of showing the fastest economic growth rate at 5.1 % in Europe, there is scepticism Latvian population.
March 4, 2013
Latvia: Retail Trade Turnover Grows Moderately
Last month, the turnover in the Latvian retail trade industry was up by 1.2%. Compared to January 2012, the turnover was up by 5.2%.
March 2, 2013
Latvia: Unemployment Shrinks Rapidly
Data of the Central Statistical Bureau show that the number of unemployed persons (aged 15-74) in 2012 has diminished by 11.1 thousand.
March 1, 2013
Latvia: Moderate Growth in Income
During 2012 wages and salaries increased by LVL 17 or 3.7%.
March 1, 2013
Latvia: Exports Remain Growth Driver
In 2013, the Baltic countries will remain the best performing economies in the EU. However, the growth will slow down a bit.
February 23, 2013
Estonia: Gross Wages and Salaries Increased in all Economic Activities
According to Statistics Estonia, in the 4th quarter of 2012, the average monthly gross wages and salaries were 916 euros and the average hourly gross wages and salaries were 5.53 euros.
February 22, 2013
Estonians Suffer from Unfavorable Working Conditions
According to a survey carried out by the daily newspaper Eesti Päevaleht, a considerably high number of Estonians want to leave the country. The situation in Lativa is almost the same.
February 18, 2013
Euro Adoption: Latvian People Not Convinced at All
Latvia´s government is proud of its austerity course of the last years. According to Prime Minister Valdis Dombrovskis, the country is ready for the euro.
February 16, 2013
Latvia: Workforce Grows Moderately
Results of the Labour Force Survey conducted by the Central Statistical Bureau show that, compared to the corresponding period of the previous year, the number of active population (aged 15-74), in the 4th quarter of 2012, has increased by 1.5%.
February 15, 2013
Strong Growth in Lativan Construction Industry
Data of the Central Statistical Bureau show that, in comparison with 2011, construction output in 2012 has grown by 14.8%. Of which construction of buildings increased by 14.7% and of civil engineering structures – by 16.2%.
February 15, 2013
Economic Growth: Baltic Countries Ahead
Euro area GDP down by 0.6% and EU27 down by 0.5%. The CESEE countries show mixed results. Lithuania, Estonia and Latvia have performed best in 2012.
February 14, 2013
Latvia: Industrial Sector Grows Significantly
Data of the Central Statistical Bureau show that, compared to 2011, manufacturing turnover1 at current prices in 2012 increasedby 11.9%, of which in domestic market by 5.7% and in export - by 18.2%. However, the growth flattens.
February 11, 2013
Poland Underlines Necessity of Cohesion Funds
At the EU summit, Poland wants to secure as much cohesion payments in the next multiannual financial framework from 2014 to 2020.
February 7, 2013
Baltic Countries: Strong Increase in Retail Trade
In the EU, the volume of retail trade was down by 0.6%. In Austria, turnover in the retail trade sector is decreasing in real terms.
February 5, 2013
Property Market: Baltic Countries Against the EU Trend
Third quarter 2012 compared with third quarter 2011: Euro area house prices down by 2.5%.
January 31, 2013
„Whatever Happens to the Euro, Happens to Our Currency“
In an interview with the Austrian daily newspaper “Kurier”, Latvia´s Prime Minister Valdis Dombrovskis explains why Latvia joins the Eurozone. However, the Latvians are not convinced at all.
January 30, 2013
Bank Austria Centralizes Operations in Baltic Countries
The Austrian subsidiary of Italian UniCredit has shifted the units in Lithuania and Estonia to Latvia.
January 29, 2013
Lithuania to Join Eurozone in 2015
According to Lithuanian Prime Minister Algirdas Butkevicius, the country will introduce the euro in the medium term.
January 26, 2013
Euro Introduction: Latvian Government Hopes for Public Support
According to Latvia´s minister of Finance Andris Vilks, at least 50% of Latvian citizens should approve the euro introduction next year.
January 16, 2013
Baltic Countries: Strong Increase in Industrial Production
Industrial production down by 0.3% in euro area and EU27.
January 14, 2013
Highest Percentage of Low-Wage Earners in Baltic Countries
One out of six employees in the EU27 was a low-wage earner in 2010. Large differences between men and women, levels of education and types of contract.
December 20, 2012
CESEE: Poverty Grows Considerably
In Europe, one in four citizens is affected by poverty, the Russian newspaper “Rossijskaja Gaseta” states.
December 18, 2012
Euro Introduction: Latvians Still Skeptical
The Latvian government aims to introduce the common currency in 2014. The Latvian Budget and Finance Committee approved the introduction.
December 13, 2012
„Eurobonds Are No Solution“
Latvia´s Prime Minister Valdis Dombrovskis argues that euro-bonds may be implemented at the end of the convergence process.
December 11, 2012
Retail Trade: Highest Increase In Baltic Countries
Volume of retail trade was down by 1.2% in the euro area.
December 5, 2012
Unemployment Decreasing in Baltic Countries
Euro area unemployment rate at 11.7%. EU27 at 10.7%. Austria still records the lowest unemployment quota.
November 30, 2012
CESEE: Social Protection Still Underdeveloped
EU27 spent 29.4% of GDP on social protection in 2010. The lowest ratios were observed in Romania, Latvia, Estonia and Bulgaria.
November 27, 2012
S&P Upgrades Latvia
The Baltic country performs well, S&P underlines. The long and short-term sovereign credit rating moved from “BBB-/A-3” to “BBB/A-2”.
November 15, 2012
Latvia Has Best Growth Prospects
Today, the EU Commission has announced its economic forecast for 2012. Austria is among the economically stable countries.
November 8, 2012
Unemployment: Austria Ranks First in EU
In September, the euro area unemployment rate came at 11.6%. The Baltic countries registered a substantial decrease in unemployment.
October 31, 2012
Nine Prime Minister Discuss EU Budget in Bratislava
The Prime Ministers of nine countries of Central and Eastern Europe will meet in the Slovak capital on October 5.
October 3, 2012
Latvian Government Intends to Join the Eurozone in 2014
Despite the skeptical citizens of Latvia and the crisis in the Eurozone, the Latvian government wants to introduce the euro in 2014.
September 26, 2012
Latvia: Introduction of the Euro Wobbles
The majority of the Latvians are against joining the Eurozone. The Latvian government is under pressure.
September 22, 2012
EU: Germany Biggest Net Payer, Poland Biggest Net Recipient
In 2011, Poland received EU-aids of € 11bn. Among the new EU members, Hungary ranks second. In terms of GDP, Hungary is the biggest beneficiary.
September 21, 2012
Latvia: Fit for the Eurozone
According to Latvia´s Central Bank, the country will fulfill the Maastricht criteria by the end of the year.
September 18, 2012
Latvia: Majority Rejects Euro
According to a opinion poll by “Latvijas fakit”, 59% of the Latvians does not want to join the Eurozone.
September 5, 2012
Austria to Strengthen Cooperation with Baltic States
Austrian State Secretary meets the Speaker of the Latvian Parliament and underlines Latvia´s successful austerity course.
June 12, 2012
Austria's Labor Market Opens
As of May 1, 2011 the German and Austrian labor markets open for the new EU citizens. Romania and Bulgaria will follow suit in 2013.
December 30, 2010
CEE Companies in a Turmoil
According to a study by Deloitte, last year Eastern Europe’s top 500 companies showed a clear decline in sales.
September 14, 2010
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