International Internet Magazine. Baltic States news & analytics
Wednesday, 19.02.2020, 01:41
In an effort to ramp up their cooperation in energy, the three Baltic countries and the United States agreed to set up a 3+1 cooperation format, with the first meeting under the format planned to be held in Vilnius next September, In an effort to ramp up their cooperation in energy, the three Baltic countries and the United States agreed to set up a 3+1 cooperation format, with the first meeting under the format planned to be held in Vilnius next September, the Lithuanian president's office said.
Keyword tags: Baltic, Energy, EU – Baltic States, Lithuania, USA
Pipeline installation of the offshore part of Balticconnector, the Estonian-Finnish gas interconnection, will begin today. In 2018 all preparatory offshore works were completed, and the seabed is now ready for the pipeline to be installed, Elering informed BC.
Achemos Grupe (Achema Group), one of the largest business groups in Lithuania, suffered a consolidated audited net loss of 16.5 mln euros last year after earning 29.670 mln euros in profits a year earlier, informed LETA/BNS.
If one compared the euro area economy with the human body, money circulating in it would serve as blood, and the European Central Bank (ECB), which influences the price of money – interest rate, would constitute its heart. Just as the heart affects the functioning of the whole body, actions of the ECB strongly impact euro area economic developments, household and business borrowing conditions and the general price level. Decisions on the future stance of euro area monetary policy will be taken this June in Vilnius.
According to Statistics Estonia, there were 3.4 million museum visits in 2018. Compared to the record year 2017, the number of visits has decreased by 100 thousand.
According to Statistics Estonia, in the 1st quarter of 2019, the labour force participation rate was 70.8%, the employment rate 67.5% and the unemployment rate 4.7%. The labour force participation rate and the employment rate remained at a similar level compared to the same quarter of the previous year. The unemployment rate, however, decreased by 2.1 percentage points.
In 2018, the EU Member States imported 208 000 tonnes of natural honey (‘honey’) from non-EU Member States in 2018, worth 452 million EUR. In contrast, in 2018 just 21 000 tonnes of honey were exported by the EU Member States outside the EU, informed Eurostat.