Date post: | 19-Jan-2017 |
Category: |
Economy & Finance |
Upload: | philippxx |
View: | 129 times |
Download: | 3 times |
3
Structure
1 Estonia
General Data
Economic Data
Remarkable Facts
Excursus: Foreign Investment
2 Latvia
• General Data
• Economic Data
• Development Remarkable Facts
• Excursus:
Labor Market
3 Lithuania
• General Data
• Economic Data
• Development
• Remarkable Facts
• Excursus: Migration
4 Sources
• Development
4
Estonia
Governement: Parliamentary Republic Total area: 45 000 km² Population: 1.31 million Density: 28 inhabitants per km² Capital: Tallinn (396 000 inhabitants) ISO-Code: EE
Eesti Vabariik
5
Unemployment rate:
7,7% ( 5,0 % )
Inflation rate (consumer prices):
0,5% ( 0.9 %)
GDP - per capita (PPP):
$20,090 ( $ 67,966)
Economic Data 2014
6
Latest Development
1990 Declaration of Independence (Singing Revolution)
1993 Accession to the European Council
1994 Decampment of the last Russian troops
2002 Hosting of the Eurovision Song Contest
2004 Accession to the European Union and Nato
2011 Introduction of the Euro
2011 Tallin becomes European Capital of Culture
7
Remarkable Facts
One of the least religious countries in the world
(75 % of Estonians are calling themselves irreligious)
Possibilty to vote by text message since 2011, besides,
possibility to vote online
Highest HIV rate in Europe with 1.5 % of people between 15 and 49 diagnosted with HIV
8
Foreign Investment
Total amount of 15,9 Billion Euro (2014)
93% of investors would choose Estonia again
500 German companies operating in Estonia
Flat tax of 21%
No corporate income tax after reinvesting
Lower costs of production
9
Latvia
Government: Parliamentary Republic Total area: 65 000 km² Population: 1.98 million Density: 31 inhabitants per km² Capital: Riga (698 000 inhabitants) ISO-Code: LV
Latvijas Republika
10
UUnemployment rate:
10,1% ( 5,0 % )
Inflation rate (consumer prices):
0.7% ( 0.9 %)
GDP - per capita (PPP):
$15,730 ( $ 67,966)
Economic Data 2014
11
Development
1991 Declaration of Independence
1991 Accession to the OSCE
2003 Hosting of the Eurovision Song Contest
2004 Accession to the European Union
2006 Hosting the Ice-hockey World Cup
2014 Introduction of the Euro
2014 Riga becomes European Capital of Culture
12
Remarkable Facts
High minority of Russian people (nearly 30%)
Holding of one of the largest song and dance festivals worldwide (with over 40,000 participants)
40% of the total square are forested
Latvia is home to the widest waterfall in Europe: Ventas Rumba (110 meter wide, 2 meter high)
Latvia has more than 2500 lakes
13
Labour Market
Minimum wage of 360 Euro per month (2015)
High unemployment rate among young people (19,8%)
Little importance of labour unions (>10% of all employees)
Rate of part-time jobs equals 7,4% (2014)
Since the EU-entry the number of high-qualified emigrants has increased
14
Lithuania
Government: Parliamentary Republic Total area: 65 000 km² Population: 2.88 million Density: 45 inhabitants per km² Capital: Vilnius (537 000 inhabitants) ISO-Code: LT
Lietuvos Respublika
15
Unemployment rate:
11.3% ( 5,0 % )
Inflation rate (consumer prices):
0.2% ( 0.9 %)
GDP - per capita (PPP):
$16,467 ( $ 67,966)
Economic Data 2015
16
Development
1991 Declaration of Independence
1992 International Rehabilitation Loan
2004 Accession to the EU and Nato
2007 Member of the Schengen-Area
2009 Vilnius becomes European cap. of culture
2011 Hosting EuroBasket
2015 Introduction of the Euro
17
Remarkable Facts
Lithuanian was the last nation in Europe that converted to Christianity
Lithuania was the first to declare independence from the Soviet Union in 1990
Lithuania has the world’s highest suicide-rate
National sport is basketball
Vilnius University is the oldest university in Eastern Europe
18
Migration
Since the declaration of independence 1/3 of the population has left the country (825 000 citiziens)
One of the highest emigration rates in Europe
Since 2010 the immigration rate has raised (80% are returning Lithuanian residents)
Most popular immigration country is the United Kingdom, followed by Ireland, Germany and Norway (2014)
19
Discussion Questions
Do you consider the Baltic states as Northern-
or Eastern- European states?
Where to you see the reasons of the rather positive economic
development compared to other ex-communistic states?
Have you ever taken a holiday in the Baltic states into
consideration? Or even a longer stay?