Latvia’s current-account surplus at 6% of GDP in 2nd quarter

Latvia’s current-account surplus was 6 percent of gross domestic product in the second quarter, the lowest level in more than a year, as write-downs by foreign- owned banks declined, writes Bloomberg.

Survey shows wages highest in Estonia, lowest in Lithuania

The highest monthly wages in the Baltics are in Estonia at 12,689 kroons (822 euros), followed by Latvia (444 lats, 634 euros) and Lithuania (2,056 litas, 596 euros), according to a survey.

Port of Tallinn handling more Russian fuel oil

Port of Tallinn shipped 2.349 million tonnes of oil products in August, most of it Russian fuel oil. Volumes were up 21% from the same month last year and up almost 4% month-on-month, reported portworld.com.

Ministry: registered unemployment has been falling for 5 months

As of this morning, Estonian Unemployment Insurance Fund had 72,132 people registered as unemployed. This is 1,130 people less than a week before and is equal to 11.1%, writes aripaev.ee with reference to the Estonian ministry of social affairs.

Latvia posted EU’s steepest GDP fall in the second quarter

Latvia's gross domestic product fell by 3.9% in the second quarter of the year 2010 as compared with the second quarter of 2009. It was the largest decrease among all the European Union member states, according to the latest Eurostat data.

Trichet: Estonia’s eurozone preparations are on track

Jean-Claude Trichet , president of the European Central Bank, said yesterday in Frankfurt that preparations for Estonia's accession into the eurozone were on track, writes Äripäev.

Lithuania may sell 500 million euros of bonds

Lithuania may sell at least 500 million euros in seven-year bonds in coming weeks to cover the country’s financing for the next year, Reuters reported.

PM: tax revenue has never been as good

Estonia’s budget deficit may shrink more than forecast after tax receipts reached a record percentage of the government’s annual revenue plan last month, prime minister Andrus Ansip said today at a cabinet press conference.

Yask East may start assembling trolleybuses in Lithuania

Vilnius-based Yask East plans to turn Lithuania into the next exporter of trolleybuses and compressed natural gas-fired buses by assembling low-floor vehicles from bodies supplied by Ukraine's major car and bus producer Bogdan Corporation (itself a trolleybus maker) and electrical equipment from ...

airBaltic continues active recruitment

Latvian national airline airBaltic said it continued expansion in Estonia and was currently looking for ground handling staff, in order to service airBaltic passengers and aircraft at Tallinn airport.