International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 00:26
Beginning its operation in November 1996, “ITERA Latvija” has become the first Latvian private company dealing with natural gas. It is involved in natural and liquefied gas export and import operations, transshipment and sales, ensuring reliability of energy supplies to the Baltic states and promoting respective national and regional infrastructures of modern standards.
Keyword tags: Energy, Latvia, The Baltic Course No. 27
On 1 July 2007, Lithuania and Latvia have announced a program for the full liberalization of their energy markets. Estonia has negotiated with the EU the conditions concerning its open energy market. The BC discussed this and other important issues in development of the Baltic energy markets with the heads of the national energy utilities in the three Baltic states: Sandor Liive, Board Chairman of the Eesti Energia; Karlis Mikelsons, Board Chairman of Latvenergo; and Rymantas Juozaitis, Director General of Lietuvos Energija.
At the working session of the Baltic Council of Ministers in October, the three heads of government concluded that the shut-down of the Ignalina Nuclear Power Plant in 2009 entails great risks for the Baltic energy industry. The BC discussed the future of the Baltic energy market with industry expert Adrians Davis, Board Chairman of Latvijas Gaze (Latvian Gas) company.
What is a common denominator for producers of such items as natural cosmetics, label’s glue, paper processing machines and those for old tires’ recycling? The answer is that they are all innovative endeavors choosing NP Properties industrial parks in Latvia as their business location.
During Latvian journalists’ reconnaissance tour across the Belarus Republic the country’s cities seemed clean, green and tidy, the countryside was properly managed and special economic zones (SEZ) dully developed.
On the eve of the Third Belarus-Latvian Investment Forum this fall in Riga, the BC's correspondent met Belarus Ambassador in Riga, Alexander Gerasimenko; his answers to the BC's questions follow below.
Our magazine has been constantly reviewing the most urgent problems concerning the Baltic region’s general economy integration within the EU’s common market and that of the financial sector, in particular. The latter, it seems, reflects the specifics of the Baltic’s financial sector in the EU market. During 2005-2006 the BC has published four extensive reviews of the EU financial markets’ development. The two new reviews are prepared in view of entering into force this November the EU directive on the market in financial instruments, so-called MiFID.