Posts tagged as drop

Poverty drop in Lithuania resulted from social policy

Thursday, July 23, 2020

As the number of people living below the poverty line dropped in Lithuania last year, economist Rimantas Rudzkis says it reflects shrinking social inequality in the country and is a result of the state’s social policy. “What does it mean that the share of people living below the poverty line is going down? It means that social inequality is going down. In fact for those on low income it means…

Most coalition parties in Latvia see drop in ratings

Tuesday, March 3, 2020

According to the latest SKDS political ratings reported by LTV’s evening newscast Panorama last night, most coalition parties saw a drop in their political ratings in February. Harmony remains the most popular political party in Latvia in February with 12.3 percent support, compared to 13.6 percent the previous month. If the Saeima elections were held in February, the Union of Greens and Farmers would gain 7.9 percent support, compared to…

Lithuanian prime minister’s popularity rating dropped further down

Tuesday, January 28, 2020

Lithuanian Prime Minister Saulius Skvernelis is losing his ongoing battle with President Gitanas Nauseda over Transport Minister Jaroslav Narkevic as the prime minister’s popularity rating dropped further down over a month, and the president saw his public support grow, according to the latest survey by Vilmorus for the Lietuvos Rytas daily, published on Saturday. Skvernelis’ public disapproval rating rose by almost 9 percentage points in January to 38.6 percent, from…

EUR 10 mln drop in defense budget will affect National Armed Forces

Monday, December 9, 2019

A 10 million euro under Lithuania’s updated budget bill will make the army reconsider its tactical training plans for the next year, the country’s Chief of Defense Valdemaras Rupsys says. “It’s not a small amount, and when planning the next year’s budget expenditure, we definitely took those 10 million euros into account. But that’s a political decision. Of course, it will affect our activity in some way, it will probably…

Latvian monetary financial institutions profit drops 41%

Friday, November 29, 2019

In October 2019, the monetary financial institutions generated EUR 46.4 mln in aggregate profit. As at October 31, 2019, the aggregate assets of the Latvian monetary financial institutions stood at EUR 21.633 bn, up 2.7% or EUR 567.7 mln from the end of October 2018 when their aggregate assets were worth EUR 21.065 bn. The balance of loans issued to residents by the Latvian monetary financial institutions was EUR 12.058…

Dubai loosens liquor laws as UAE alcohol sales suffer drop

Thursday, October 24, 2019

Dubai has loosened its liquor laws to allow tourists to purchase alcohol in state-controlled stores, previously only accessible to license-holding residents, as the United Arab Emirates saw the first drop in alcohol sales by volume in a decade. The new laws, which also let visitors to skyscraper-studded Dubai obtain liquor permits themselves for the first time, come amid a widening economic downturn affecting this oil-rich nation on the Arabian Peninsula.…

German factory production, exports drop in weak Q2 start

Friday, June 7, 2019

German factory production has fallen more strongly than expected in April and exports have dropped sharply in a weak start to the second quarter in Europe’s largest economy. The Federal Statistical Office reported Friday that industrial production dropped 1.9% over March in seasonally adjusted figures. Economists had predicted a 0.5% decline. Exports also dropped 3.7% on the previous month while imports fell 1.3% on March, widening the trade surplus to…

Turnover of Stenders cosmetics maker drops 11% last FY

Friday, August 17, 2018

The company’s management said that the last fiscal year brought significant transformations as both the owner and management board of Stenders changed. After considerable growth in terms of volumes, in the second half of the fiscal year the company concentrated on optimization, focusing particularly on its profitable business segments. In Latvia, the company’s home market, Stenders renovated its existing shops and replaced its outlets at two shopping centers, as well…

Power generation at Latvian hydro power plants down 11.8% year-on-year in H1

Wednesday, August 8, 2018

During the first six months of 2018, power generation at Latvian hydro power plants dropped 11.8% from the same period a year ago, according to the information from the Central Statistical Bureau. In the first six months of this year, the hydro power plants in Latvia generated 2.017 bln kWh of electric power in contrast to 2.287 bln kWh generated in January-June 2017. Combined heat-and-power (cogeneration) plants generated 1.902 bln…

EU leadership in Washington to convince U.S. not to impose auto tariffs

Wednesday, July 25, 2018

Head of the European Commission Jean-Claude Juncker has a meeting with U.S. President Donald Trump in Washington on Wednesday, July 25, as the European Union’s leadership seeks to find a way out of a trade dispute between the EU and the U.S. French news agency AFP reported on July 25 that Juncker’s aim to convince U.S. President Donald Trump not to impose auto tariffs, which would hit Germany’s dominant carmakers…