International Internet Magazine. Baltic States news & analytics
Saturday, 26.07.2014, 01:17
Russian-Latvian relations have become more complicated since the conflict in Ukraine began, Russian Ambassador to Latvia Alexander Veshnyakov said in an interview with the LNT television channel, reports LETA.
Keyword tags: Baltic States – CIS, Economics, Latvia, Russia
The Lithuanian Seimas has closed its fourth regular session which began on 10 March 2014. During the session, Members of the Seimas convened to 51 plenary sittings and adopted over 300 legislative acts. The session was extended until 17 July 2014 due to the solemn sitting held on 12 July 2014 when Dalia Grybauskaite, President of the Republic of Lithuania, was sworn in for the second term of office. After the Government returned its mandate to the re-elected President, the Seimas nominated its candidature for the Prime Minister, the Office of the Seimas says in a statement, reports ELTA/LETA.
The economic growth of Latvia in 2014 could reach 3.5 percent, the Economy Ministry's specialists forecast, reports NOZARE.LV/LETA.
Andrius Kubilius, the leader of the Seimas Opposition, Chair of the political group of the Homeland Union - Lithuanian Christian Democratic Party (TS-:LKD), is glad that Lithuania has succeeded to receive the final approval to introduce the euro from 2015, informs ELTA/LETA.
The introduction of the euro in Lithuania will bring not only economic benefits, but also will harness financial populism of politicians, says President Dalia Grybauskaite, informs ELTA/LETA.
The Baltic States are among the first in the European Union in regard to absorption of EU funds, nevertheless, Latvia is slightly behind Estonia and Lithuania, according to international business consultations company KPMG's study on the EU Structural Funds absorption rates in Central and Eastern Europe (CEE) at the end of 2013, informs LETA.
During the first six months of 2014, retail trade company "Maxima Latvija" turnover decreased as compared to the respective period of 2013, infoms NOZARE.LV/LETA reffering to "Maxima Latvija" spokesman Janis Beseris.