Date: 12.08.2020.

International Internet Magazine. Baltic States news & analytics Tuesday, 22.09.2020, 03:24

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Lithuanian president suggests that Belarus form national council to resolve crisis

Lithuanian president suggests that Belarus form national council to resolve crisis

12.08.2020

Lithuanian President Gitanas Nauseda suggested on Wednesday that Belarus form a national council bringing together the government and members of civil society in an effort to resolve the political crisis in the country, informed LETA/BNS.

Keyword tags: Baltic States – CIS, Belarus, Democracy , Elections, Lithuania



Lithuania took part in development of innovative battery

Lithuania took part in development of innovative battery

12.08.2020

Lithuanian researchers and their partners from various European countries have developed an environmentally friendly battery for storing green energy, informs LETA/BNS.

E-mail correspondence proves that American investment fund has effectively robbed its Latvian partners in Ukraine

E-mail correspondence proves that American investment fund has effectively robbed its Latvian partners in Ukraine

12.08.2020

It has been confirmed that the Ukrainian authorities have gained access to the e-mail correspondence between Valdis Muižnieks, former Director General of the Ukrainian company owned by SIA LU Invest, which belongs to a member of the Paškausks family – the owners of the renown Latvian agricultural group Agrolats Holding – and the CFO of a company involved in the chain of offshores created by US investment fund NCH Capital. The correspondence clearly demonstrates that for years the profit jointly earned in Ukraine has been channelled over to offshore companies in Cyprus, bypassing the Latvian partners who were only left with the losses.


Finance Ministry proposes starting tax reform by introducing mandatory health insurance payment

Finance Ministry proposes starting tax reform by introducing mandatory health insurance payment

12.08.2020

The Finance Ministry proposes reforming Latvia's tax system in three stages, introducing in the first stage a mandatory 5% health insurance payment without increasing the overall labor tax burden but instead redistributing the rates of state social security contributions, personal income tax and solidarity tax, LETA was told at the ministry.

Wholesale electricity prices fall across Baltics in July

Wholesale electricity prices fall across Baltics in July

12.08.2020

Wholesale electricity prices fell by 18% on average both in Lithuania and Latvia and were down by 20% in Estonia in July from June, Elektrum Lietuva said on Wednesday, noting that the Baltic countries have for the first time registered a negative hourly price, referred LETA/BNS.


12.08.2020

Lithuanian airports to be exempt from EUR 9.7 mln profit contribution

The Cabinet agreed in principle to exempt Lietuvos Oro Uostai (Lithuanian Airports, LOU) from transferring 9.7 million euros of its 2019 profit into the state's coffers to prevent the state-owned company from becoming insolvent, informs LETA/BNS.

12.08.2020

Pensions of up to EUR 454 to be increased in October in Latvia

On October 1, 2020, all pensions of up to EUR 454 a month will be increased in Latvia, the Welfare Ministry informed LETA.

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