The latest Latvian figures show Latvian unemployment rates are still above the EU rate. However, salaries increased in all Baltic countries.
The market risk for the European banking sector–associated with growing volatility, potential liquidity shortages and the possibility of drops in asset prices–increased at the turn of the year and is currently at a high level.
According to the economists at the Bruegel Institute, the future EU budget, including new tasks in the area of security, migration and protection of external borders, requires greater funding and changes in the structure of assistance programs.
The experts from the Economist Intelligence Unit are pointing out that the population of Central and Southeast Europe will decrease by nearly 34 million people over the next 33 years.
Estonian energy company, Eesti Energia takes over renewable energy developer Nelja Energia. The value of the transaction is EUR289m. The Baltic States’ electricity systems will be connected to the Continental European Network (CEN) via Poland by 2025.
The model of capitalism emerging in Central and Southeast Europe is similar to the Southern European model. The region is so diverse, however, that a homogeneous regional model of the economy is unlikely to develop.
Beijing is ready for new investments in the Central and Southeast Europe (CSE), as it was confirmed during the 16 plus 1 summit in Sofia, Bulgaria.
The European Commission proposes that a portion of the central banks' profits from the Eurozone should be transferred to the European Union’s budget as a form of national contribution.
Estonia became the next country to sign up to the Chinese One Belt One Road Initiative. Meanwhile, Rail Baltica’s troubles continue amid criticism and possible future competition from the Amber Train project.
The average price per hectare of arable land in the European Union varies from as little as EUR 1,165 to as much as EUR108,000. Land is the cheapest in Bulgaria, in south of Sofia, and the most expensive is near Genoa, Italy.