Posts tagged as 2020

The average salary before taxes in 2020 was EUR 1 143 per month in Latvia

Tuesday, March 2, 2021

The data of the Central Statistical Bureau (CSB) show that in 2020, the average monthly gross wage in the country for full-time work was EUR 1 143. Compared to 2019, the average monthly salary increased by EUR 66 or 6.2 %, but the salary for one hour worked before taxes – by 6.6 % (from EUR 7.47 to 7.97). Average wages and salaries after taxes – EUR 841 Average net wages and salaries (calculated based on labour…

Tallinn Airport 2020 losses stood at €2 million

Monday, March 1, 2021

State-owned Tallinn Airport has posted net losses of €2 million for 2020, the result of the pandemic and its accompanying restrictions. The company’s total operating income fell 24.1 million on year to 2020, to €36.4 million, while Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at €5.8 million. Turnover also fell, by 56 percent, to €20.6 million in 2020, while passenger numbers fell even more, by around 75 percent…

Estonian economy shrank nearly 3 percent in 2020

Monday, March 1, 2021

The Estonian economy shrank by 2.9 percent in 2020, state agency Statistics Estonia reports, while gross domestic product (GDP) fell by 1.2 percent year on year to the fourth quarter of 2020 (Q4 2020). The culprit was primarily the COVID-19 pandemic and its ensuing restrictions, though foreign trade actually fared well given the conditions. Manufacturing, trade, and accommodation and food services were the main contributors to the economic decline, Statistics…

Foreign tourists spent €1 billion euros less in Estonia in 2020

Tuesday, February 9, 2021

Foreign tourists spend €1 billion euros less in Estonia last year than they did in 2019 after the collapse of the tourism industry caused by COVID-19, data from the Bank of Estonia shows. In 2020, foreign tourists spent €410 million in Estonia, which is €1 billion euros than in 2019. Only a third of the number of tourists who visited Estonia from the European Union in 2019 did so in…

Report: Latvian airBaltic has maintained its market leader position in 2020

Sunday, January 31, 2021

According to Riga Airport, in 2020 Latvian airline airBaltic has maintained its market leader position, by carrying 57% of all passengers to the Latvian capital. In 2020, the airline carried 1.14 million passengers to and from Riga. Martin Gauss, Chief Executive Officer of airBaltic: “Despite the disruption caused by the pandemic and a total stop of flying for 62 days, we maintained our market leader position, connecting Baltics to the…

Corruption Perceptions Index 2020: Latvia’s score slightly improves

Thursday, January 28, 2021

According to LETA, Transparency International has published the results of the Corruption Perceptions Index 2020. Latvia’s score has increased by 1, from 56 to 57, and ranks 42nd in the world (together with Cyprus and Costa Rica) and compared to 2019. While this might be seen as a positive step, the score is still too low and indicates that Latvia is lagging behind compared to other EU and OECD countries.…

2020 came to an end with an escalated disinformation flow about Latvia

Tuesday, January 26, 2021

The end of 2020 has witnessed a major increase of false and misleading content being spread in Latvia. The analysis has shown an alarming development: in December, those articles have reached 4.5 times larger audience than last month. Analysis by Debunk EU has show that the surge of disinformation was related to Latvia’s internal and foreign policy, mainly resulting from State Security Service accusations and arrests of the Russian speaking…

Bureaucracy Award 2020 goes to Latvian Health Ministry

Tuesday, January 5, 2021

Latvian public media launched a Bureaucracy Award in 2020 where the public voted for the most complicated labyrinths of paperwork encountered in a certain sector. The award went to Health Ministry this year, LSM reported January 2. Earlier this year, LSM.lv and LTV broadcast  4. studija  called on residents to report and tell about the sector where purposeless bureaucratic labyrinths are most common. The interactive project was designed to save time and money…

NATO says 90 percent of air intercepts in 2020 involved Russian planes

Tuesday, December 29, 2020

NATO says it scrambled its air forces across Europe more than 400 times this year to intercept unknown aircraft – mainly from Russia – approaching the alliance’s airspace, including over the Baltic Sea. NATO said in a statement on December 28 that almost 90 percent of the missions were in response to flights by Russian military aircraft. The overall total is a slight increase from the previous year. “In recent…

Bank of Estonia forecasts 2.5 percent economic downturn in 2020

Wednesday, December 16, 2020

The Bank of Estonia is forecasting that the Estonian economy will shrink by 2.5 percent this year, which is a much softer decline than feared in spring and also one of the smallest in Europe. The central bank forecasts that the Estonian economy will start to recover from the crisis in the second quarter of 2021 and will reach the pre-crisis level already in the second half of next year.…