Posts tagged as costs

Latvia: Tiny rise in construction costs

Tuesday, July 28, 2020

Latest data of the Central Statistical Bureau (CSB) July 27 show that, compared to May, in June 2020, the level of construction costs in Latvia increased by 0.1 %. Labour remuneration of workers rose by 0.5 %, maintenance and operational costs of machinery and equipment – by 0.1 %, but prices of building materials – reduced by 0.1 %. In June, the average level of construction costs was mostly affected by an increase in labour remuneration to assemblers,…

Lithuanian government mulls reimbursing rental costs for businesses

Friday, April 10, 2020

The Lithuanian Government plans to reimburse part of rental costs for businesses, Prime Minister Saulius Skvernelis said on Friday. The Cabinet had already discussed potential compensation mechanisms and the final decision should be adopted after Easter, he said in an interview to BNS. “We discussed what to do about businesses, which rent their premises and do not have money, do not have working capital, do not carry out any activity…

Housing costs in Latvia almost do not change

Wednesday, March 4, 2020

Data compiled by the Central Statistical Bureau (CSB) show that in 2019 housing costs on average constituted EUR 151 per household in Latvia monthly, which is just one euro more than a year ago. Indeed the share of housing costs in the total household expenditure declined – last year households spent on average 12.2 % of their disposable income on housing costs  as opposed to 13.4 % in 2018. Monthly housing costs and share…

Bill lifting election campaigning restrictions ready for cabinet discussion

Monday, July 8, 2019

A bill aimed at removing the ban on outdoor pre-election political campaign advertising has been drafted by the justice ministry, Baltic News Service reports. Proponents of the bill say it more accurately reflects the present-day realities of elections in Estonia, compared with the existing legislation, which predates social media and some other developments. The bill, which would also lift restrictions on active election campaigning on polling day, is to be…

Finance minister backs Estonian funding of Nolan movie shot in Tallinn

Wednesday, June 19, 2019

According to Finance Minister Martin Helme (EKRE), the shoot in Tallinn for Christopher Nolan’s upcoming movie “Tenet” will have a broader positive impact on the local economy. For this reason, Helme has now said he is in favor of covering part of the production company’s costs out of Film Estonia’s funds. “Estonia stands to win a lot. On one hand, part of the support paid out will make it back…

Lithuania: Over a year, labour costs per hour worked increased by 5.4%

Wednesday, June 12, 2019

In I quarter 2019, against the same quarter of 2018, labour costs per hour worked in industrial, construction and service enterprises (individual enterprises included), calendar adjusted, increased by 5.4%, of which in business enterprises – 3.7%. Over a year, an increase in labour costs per hour worked, calendar adjusted, was observed for almost all economic activities, the largest increase – human health and social work activities (13.7%) and accommodation and…