International Internet Magazine. Baltic States news & analyticsFriday, 12.03.2010, 17:21
LVL 1 mln invested in Recro automatic transmission remanufacturing plant in Cesis
12.03.2010Company Recro has invested LVL 1 million into Eastern Europe's only automatic transmission remanufacturing plant, which is located in Cesis, as Lietiska Diena writes today.
Keyword tags: EU – Baltic States, Investments, Latvia, Markets and Companies
News Corp leaves Central and East European region by selling its stakes in LNT and TV5
12.03.2010With the sale of its stakes in the Latvian TV stations LNT and TV5, U.S. media magnate Rupert Murdoch's News Corporation has left the Central and East European region, as the British media news portal Broadband TV News reports.
Statistics Board: there is no reason to doubt Estonia's statistical reliability
12.03.2010Director General of the Statistics Board Priit Potisepp assured that the reliability of Estonia’s statistics can in no way become an obstacle for Estonia’s accession to the euro area, writes LETA/Postimees Online.
SAS repeats its success and releases thousands of low fare tickets
12.03.2010Today, March 12, SAS Scandinavian Airlines repeats its sales success from last year and releases thousands of low fare tickets to many attractive destinations, including Dublin, Manchester, Nice, Paris, London and Zurich, reported BC SAS PR consultant Marija Makareviča.
NASDAQ OMX became the sole proprietor of the Tallinn Stock Exchange
12.03.2010NASDAQ OMX Nordic reported on Friday that it purchase the 6.97% minority shareholding in NASDAQ OMX Tallinn AS from Gild Holdings, writes LETA/Äripäev.ee. With this transaction, NASDAQ OMX Group became the sole owner of the Tallinn Stock Exchange.
Tourism in the European Union: good prospects for 2010
In the new Treaty of Lisbon (2009), for the first time in Union’s history, the tourism sector was mentioned as a sphere, where the Union should complement the member states’ actions. This is a clear sign of importance attached to the sector by the EU institutions and the member states. Tourism sector is generally regarded as one of the most important “industries” in the Baltic States.
Adoption of the euro will require that Estonia changes more than half of its laws
In connection with the adoption of the euro, 236 out of 418 laws currently in effect in Estonia will have to be changed, noted Prime Minister Andrus Ansip at the Government press conference, writes LETA/Postimees Online.
Latvia receives EUR 500 mln loan from European Commission
Today, Latvia received the third part of its loan from the European Commission – EUR 500 million, LETA was informed by the European Commission's mission in Latvia.
Snoras to boost loans in Lithuania as Scandinavian banks tighten credit
Lithuania's fifth biggest bank by assets Snoras Bankas wants to increase its loan portfolio in 2010 as rival Scandinavian subsidiaries tighten credit. "We are trying to benefit from the situation when the Scandinavian banks are not as active," Snoras Deputy Chairman Naglis Stancikas said in an interview today in Vilnius.
Estonian PM Ansip recognised Latvian government for their structural reforms
During the meeting with Latvian Minister of Foreign Affairs Maris Riekstins on Wednesday, Estonia's Prime Minister Andrus Ansip stated that the Latvian government has done a very good job in implementing structural reforms, writes LETA/Postimees Online.
Lithuania and Slovenia united by shared history, similar aspirations and common interests
President of the Republic of Lithuania Dalia Grybauskaite has received the President of Slovenia, Danilo Tuerk, who came to Vilnius on an official visit. This is the first official visit by President Danilo Tuerk to Lithuania, the reported BC presidential press service.
Seimas Speaker Degutiene interested in financial policy of Swedish banks
On Wednesday, Seimas Speaker Irena Degutiene received Speaker of Sweden's Parliament Per Westerberg. During the meeting, Degutiene was interested in the financial policies of the Swedish capital in the Baltic States.
EU Green Paper on Forest Protection
A specific instrument exists in the EU decision-making procedures, which is called “Green Paper”. The purpose of such papers is to launch a public debate on a future legislative proposal that can eventually evolve into an EU law, as either a directive, regulation or decision. In the beginning of March, the Commission launched a public debate on forest issues, including protection and management.
Grybauskaite believes in improvement of Lithuanian-Russian relations
The relations of Lithuania and Russia are becoming better and better, President Dalia Grybauskaite says.At a news conference after Grybauskaite's meeting with Slovenia's President Danilo Tuerk, reporters from Slovenia were interested in the relations between Lithuania and Russia.
Latvia supports Estonia as the location for EU’s IT agency
Latvian minister of foreign affairs Maris Riekstins stated that Latvia supports Estonia’s candidacy as the location for the EU’s IT agency, writes LETA/National Broadcasting.
Closer cooperation model for the Baltics and the EU 
