International Internet Magazine. Baltic States news & analytics
Sunday, 24.07.2016, 19:34
The EU-2020 strategy, adopted by the European Council in June 2010, aims at establishing a smart, sustainable and inclusive economy with high levels of employment, productivity and social cohesion. Current situation revealed by Eurostat shows progress made since 2008 and the distance still to cover towards the Europe 2020 key targets.
Keyword tags: EU – Baltic States, Modern EU
In the first quarter of this year, Latvia registered the fifth largest general government budget surplus of the gross domestic product (GDP) among European Union (EU) members, the newest data of the EU statistics office Eurostat gathered on 18 member states and published on Friday shows, reports LETA.
New Commission’s package of measures aimed to accelerate the transition to low-carbon emissions in all EU economy sectors. The package is part of both the EU energy “union” and the EU climate change policy. The idea is to keep the EU competitive and be an example to the world to move towards modern and low-carbon economy.
In preparation for synchronization of the electricity networks of the Baltic states and continental Europe, Lithuania's electricity transmission system operator Litgrid has announced a tender for a study of the second interconnection with Poland, LitPol Link, writes LETA/BNS.
Hassle-free shipping solution startup Shipitwise (Estonia) has successfully closed its Funderbeam campaign, increasing its valuation to 2.5 million euro, only 3 months after graduating from B2B accelerator Startup Wise Guys (SWG) 6th batch last April. Thus Shipitwise joins the club of Vitafields, Investly, coModule, Leaf, sportID and other startups accelerated by SWG and reaching valuations above 2 million euro, informed BC company's press service.
Currently, the attention of all those who work and conduct business in a united Europe is being paid to the behaviour of British authorities after Brexit. If the country withdraws from the EU, many thousands of companies incorporated in Britain are very likely to leave their legal motherland. And a certain share of this business can be bid for by Latvia.
Mass economic migration from eastern Europe to wealthier countries has benefited the host nations but hampered growth in migrants' places of origin, including the Baltic states, AFP news agency informed today citing an International Monetary Fund discussion note, writes LETA.
European Commission proposed amendments to two funds: European Venture Capital and the European Social Entrepreneurship funds regulations, marking another step towards the creation of the Capital Markets Union.
Euronews unveils its revamped website euronews.com, offering an original user experience, based on the concept 'All Views'. Through a 'responsive web design' interface, the new website meets consumer needs and habits, in information-seeking across all types of platforms, BC informs Lydie Bonvallet Head of Press and Public Relations.
Hungary's low-cost airline Wizz Air is planning to launch flights between Vilnius and the French city of Grenoble in mid-January 2017, informs LETA/BNS.
European Commission grants EUR 50,000 for commercialization of Latvian-made cancer virotherapy medicine in EU markets
The European Commission has awarded a EUR 50,000 grant to Latvian company Latima for commercialization of a cancer virotherapy medicine in the EU markets, informs LETA.
During the first quarter of 2016, construction in Latvia slowed down by 19% from the first three months of last year, which was the third steepest drop among EU member states, according to updated Eurostat information on all 28 members of the bloc, writes LETA.
Macroeconomic imbalance procedure is an integral part of the European Semester and helps to make efficient the regular cycles of European economic policy coordination and governance. Estonia has been subject to in-depth reviews for the first time this year; Latvia and Lithuania are in a better situation.
The energy company Adven Eesti has endorsed an investment plan for 2017-2020 according to which it will invest 12 mln euros over the next three years to switch 13 remote heating areas to biomass fueled heating and overhaul remote heating networks, informs LETA/BNS.