International Internet Magazine. Baltic States news & analytics
Saturday, 08.03.2014, 02:05
In 2013, Latvia's current account deficit was smaller than in previous years – EUR 191.1 million, 0.8% of the predicted gross domestic product (GDP), Bank of Latvia economist Ieva Opmane writes in the makroekonomika.lv economic news portal, cites LETA.
Keyword tags: Banks, EU – Baltic States, Financial Services, Foreign trade , Funds, Investments, Latvia
Rainer Vakra, chairman of a parliamentary committee investigating the case of the ex-Soviet bank VEB, applied for an extension of a period for completing the final report on VEB, the Estonian national broadcasting corporation ERR said in a statement, cites LETA.
Suggested European Public Prosecutor’s Office (EPPO) is an instrument of control for a proper use of European funds by the member states. Presently, the rate of convictions for fraud concerning EU funds is at the level of 42 per cent by national judicial authorities. EPPO is going to provide an efficient control over EU funds in the member states.
The Estonian government reached an agreement on Tuesday about the European Union Cohesion policy funds' implementation plan for the years 2014–2020, when 5.9 bln euros will be distributed, LETA/Public Broadcasting reports.
A special scheme for development of routes is being established in Lithuania. It is aimed to promote launching new or financially risky, yet important to Lithuania air transport routes. It is promised to provide airlines with incentives to launch new direct flights from or to Lithuanian airports, reports LETA/ELTA.
The European Commission has approved Lithuania's report on the External Borders Fund (EBF) 2010 yearly programme and decided on closure, informs LETA/ELTA.
A high speed motorway is going to cross Riga from East to West, bypassing the historic centre of the city. It is called Riga Northern Transport Corridor (Northern Corridor) with a planned length of about 30 km. The total costs of a pre-construction studies are over € 3 mln and about half is the EU’s contribution.