International Internet Magazine. Baltic States news & analytics
Thursday, 12.12.2019, 14:21
Welfare Ministry has ignored essence of law in granting social enterprise's status to Memory Water - association11.12.2019
The Welfare Ministry has ignored the essence of the Social Enterprise Law in granting a social enterprise's status to water producer Memory Water, as Madara Ulande, head of the Latvian Social Entrepreneurship Association, told LETA.
Keyword tags: Budget, Funds, Latvia, Markets and Companies
An audit of the National Audit Office of Estonia indicates that in the case of the Rail Baltic railway project delays have occurred, the cost of the activities exceeds the initial forecasts and the facts identified during the audit indicate that the completion of the project by the deadline is probably not realistic, informed LETA/BNS.
In 2020, the European Institute of Innovation & Technology (EIT) will invest EUR 500 mln in its Knowledge and Innovation Communities across Europe – the EIT Governing Board decided. This investment will drive European innovation in the areas of climate (EIT Climate-KIC), digitisation (EIT Digital), food (EIT Food), health (EIT Health), sustainable energy (EIT InnoEnergy), advanced and sustainable materials (EIT RawMaterials), manufacturing (EIT Manufacturing) and urban mobility (EIT Urban Mobility).
A fund of France's Corum Asset Management is buying a store in Kaunas from the owner of Latvia's DIY and household goods chain Depo, Colliers International, a real estate services firm that brokered the deal, said.
In the opinion of many experts, the lasting growth on financial markets seems to be approaching its closing stage. In such a situation, investors traditionally search for alternative options to receive income.
The Baltic and Polish power transmission companies have submitted an application to national regulators for the funding of the second stage of the synchronization project, Lithuania's Litgrid said LETA/BNS.
Estonian transmission system operator Elering is planning to invest 111 million euros in Phase 2 the project to synchronize the power systems of the Baltic countries with those of Continental Europe