International Internet Magazine. Baltic States news & analytics
Sunday, 26.05.2019, 20:36
First Latvian economic forum: supporting national producers
28.04.2017After 25 years of the renewed independence, a pivotal even took place in Latvian developmental history - first economic forum with the main idea of defining national economic identity and Latvian role in the EU and the world. The forum has laid down the first bricks in the new narrative, i.e. Latvian political economy.
Keyword tags: Analytics, Economics, Education and Science, EU – Baltic States, Forum, Good for Business, Latvia, Modern EU
NIB finances Klaipedos Nafta’s LNG reloading station and oil terminal
28.04.2017The Nordic Investment Bank (NIB) and Lithuania’s company Klaipedos Nafta AB have signed a loan agreement totalling EUR 20.4 million with a 15-year tenor for the construction of a reloading station for liquefied natural gas (LNG) and the extension of an oil terminal in Klaipeda, Lithuania, NIB informed BC.
Reverta shareholders to decide in late May on terminating company’s operations
28.04.2017Shareholders of Reverta (formerly Parex Bank) distressed asset manager will meet on May 29 to decide on a termination of the company’s operations, Reverta said in a statement to Nasdaq Riga.
Better alignment of growth in wages and productivity is threatened by labour shortages in Estonia
28.04.2017The alignment of growth in labour productivity and in wages improved in the second half of 2016 as growth accelerated in productivity and slowed a little in wages. Whether companies can improve their profitability as foreign demand recovers will depend on whether labour productivity grows further. People changed jobs more last year than they did the year before. Simultaneous increases in the number of vacancies and in unemployment indicate however that there is a worse match between labour and jobs.
Estonian tax authority launches Cybernetica digital tariff system
28.04.2017The Estonian Tax and Customs Board has since Apr. 20 been using the Estonian Master Tariff System (EMTS), an information system developed by Cybernetica, which provides business operators with a simplified overview of the requirements to be complied with and taxes to be paid on the export and import of goods, reports LETA/BNS.
Lithuania's gas exchange Get Baltic expects growth due to expiring Gazprom discount
The Lithuanian gas market Get Baltic, which is launching operations in Latvia and Estonia in July, projects growth, however, not only due to larger market but also due to the gas price discount applied by Gazprom three years ago and due to expire in mid-2017, writes LETA/BNS.
French co Oberthur Technologies to produce Estonian IDs after 2018
The Estonian Police and Border Guard Board and the French company Oberthur Technologies signed an agreement on Thursday whereby Oberthur Technologies will produce ID cards, residence permit cards, digital IDs and diplomatic IDs for Estonia after the agreement with the current manufacturer expires at the end of 2018, reports LETA/BNS.
EU strategy’s draft for the states up to 2024 
