International Internet Magazine. Baltic States news & analyticsThursday, 02.09.2010, 22:52
Estonia and Lithuania registered GDP growth in Q2, whilst Latvia a decrease
02.09.2010Latvia's gross domestic product fell by 3.9% in the second quarter of the year 2010 as compared with the second quarter of 2009, which was the largest decrease among all the European Union member states, according to the latest Eurostat data. Estonia's GDP increased by 3.5% during the second quarter, whilst Lithuania's increased by 1.4%.
Keyword tags: Analytics, Economics, EU – Baltic States, GDP
Estonian youth organisations demand swift action over youth unemployment
02.09.2010The Estonian Association of Youth Organisations, Estonian Association of Student Representative Boards and the Estonian Association of Student Councils (E3) issued a joint statement, expressing concern over high unemployment rate in Estonia, writes LETA/Delfi.ee.
Latvia registers eighth highest increase in producer prices in EU in July
02.09.2010Producer prices in Latvia in July 2010, compared to June, increased by 0.4%, which was the eighth highest increase in the European Union, according to the latest data from the European Union's statistical office Eurostat. Estonia registered 0.3% increase and Lithuania 0.2% decrease.
Lithuania supports Georgia’s euro-integration and is ready to share experience
02.09.2010President of the Republic of Lithuania Dalia Grybauskaitė met with Georgian Prime Minister Nikoloz Gilauri, who is visiting Lithuania, informed BC presidential press service.
China is not that far from the Baltics
02.09.2010International Customs Conference, which opened in China (Shanghai) on 1 September 2010, shows the way the economic cooperation between the two major economic partners in the world would take place. The Baltic States can have a finger in the pie in these export-import arrangements between the EU and China.
Estonia: economic interests prevailed over the environment in the Nord Stream case
The Vaasa Administrative Court decided on Thursday not to grant the Estonian and Finnish environmental organisations’ challenge over the permits issued for building the Nord Stream gas pipe, writes LETA/Postimees Online.
Multilateral Carbon Credit Fund signs first projects in Baltics to purchase carbon credits in Estonia and Lithuania
In its first transaction in the Baltics, the EBRD-EIB Multilateral Carbon Credit Fund (MCCF) has agreed to buy carbon credits from a group of wind farms managed by OU Nelja Energia, a renewable energy company, wholly-owned by Fre-energy AS, a leading Estonian investor in renewable energy in Eastern Europe. OU Nelja Energia develops and manages a portfolio of 19 wind farms in Estonia, Lithuania and Latvia, with a planned combined capacity of 330 MW onshore and 700 MW offshore.
Largest pipelay vessel starts laying Nord Stream in the Gulf of Finland
Allseas’ Solitaire, the world’s largest pipelay vessel, has started to lay the Gulf of Finland section of the 1,224 kilometre Nord Stream natural gas pipeline in the Baltic Sea. Nord Stream’s Deputy Director Construction Ruurd Hoekstra and Leo D. Varkevisser, Allseas’ Vice President Projects and Operations, arrived on board the Solitaire to confirm that everything is on schedule and “all systems go” for the start of construction. Before starting its journey to Russian waters, the Solitaire was adapted to Nord Stream’s requirements in Rotterdam, where each piece of equipment was thoroughly tested in port.
Finland’s Vaasa Administrative Court decision rejects appeals on the water permit for Nord Stream
Finland’s Vaasa Administrative Court has ruled on the appeals made against the Water Permit in Finland. According to the Court decision, the three appeals against the decision of the Finnish permit authority to grant the Water Permit concerning Nord Stream have been rejected.
Latvian builders offering half-price work in Ireland
Latvian builders in Ireland are offering much lower prices than local tradesman, according to the "Irish Times" newspaper.
Estonian Air starts selling tickets on intercontinental flights
Tickets for intercontinental flights to some of the biggest cities in the world in addition to 180 destinations in Europe, can be purchased from the Estonian Air homepage starting September 1, Estonian Air reports.
EU Commissioner Semeta visits Lithuanian Expo 2010 pavilion
On Wednesday, European Commissioner Algirdas Semeta visited the exhibition World Expo 2010 in Shanghai.
Estonians have lost interest in working in Ireland
Estonians have lost interest in going to work in Ireland and are showing increased interest towards Nordic states, Spain and Italy, LETA/Delfi reports.
Literacy level of Latvian schoolchildren among lowest in Europe
Latvian schoolchildren read very little outside of school and have a bad attitude towards reading; the country comes last out of the 45 countries, including South Africa, which were included in the "Progress in International Reading Literacy Study".
EBRD buys pollution quota from Estonian Nelja Energia
In its first transaction in Baltics, the EBRD-EIB Multilateral Carbon Credit Fund (MCCF) has agreed to buy carbon credits from a group of wind farms managed by OÜ Nelja Energia, a renewable energy company, owned by Freenergy AS, a leading Estonian investor in renewable energy in Eastern Europe, the EBRD announced on Wednesday.
Updating the Nordic-Baltic cooperation 
