Latvia tops 2012 EU growth
Keen to join the euro zone next year, Baltic state Latvia said Monday that revised data confirmed its economy grew by 5.6% in 2012, the strongest level in the 27-member European Union for the second year running. In the last three months of 2012, Latvian gross domestic product was 5.1% higher than in the same period of 2011, and was unchanged from initial estimates released in February. Latvia posted 5.5% growth in 2011 - the best figure for the entire EU. Strong results through the year by the farming and IT sectors along with a revival in the building sector helped contribute to the upbeat figures, the Central Statistical Bureau said. On a quarterly basis, the economy expanded by 1.4% in the final quarter of 2012 compared with the previous three-month period, the Riga-based agency said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.