International Internet Magazine. Baltic States news & analytics
Friday, 24.10.2014, 19:09
An estimated EUR 177 billion in value added tax (VAT) revenue was lost in the European Union due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission. This equates to 16% of total expected VAT revenue of 26 member states, reports LETA.
Keyword tags: Analytics, EU – Baltic States, Financial Services, Taxation
Over ten years of business at Palanga airport, Scandinavian Airlines SAS operated almost 13000 flights. The first SAS airplane from Copenhagen landed at Palanga airport on November 1, 2004, and now the airline company operates 26 weekly flights between Danish capital and Palanga, informed BC the airport.
Today in Paris the Arbitration Tribunal has ordered that the Government of the Kyrgyz Republic has to pay Mr Valeri Belokon USD16.5 million. The award has come into force, it is final and binding and may not be challenged, reported BC Belokon Holdings.
On October 26, the Latvian airline airBaltic enters the winter season with four new routes and improved service throughout the Baltic States, Scandinavia, CIS and the Middle East, informed BC Janis Vanags.
The European Central Bank (ECB) has set minimum reserves for banks in Lithuania, the Bank said on Friday, cites LETA/ELTA.
People should not judge Turkey based on critical information posted in social media, Turkish President Tayyip Erdogan said during a lecture for students at the University of Latvia on Thursday, reports LETA.
This winter season, Brussels Airlines will begin flights to and from Riga International Airport, and several other new destinations will be offered, the airport's spokeswoman Sarmite Rinmane told the business information portal Nozare.lv, cites LETA.
Estonian Prime Minister Taavi Rõivas, who attends the European Council meeting in Brussels, discussed on Thursday with Prime Minister of Finland Alexander Stubb also concluding an interstate agreement that would help achieve progress in the Estonian-Finnish gas pipeline and LNG terminal issues, LETA/Delfi Ärileht writes.
After several hours of discussions, the European Union (EU) leaders finally reached agreement on the climate and energy policy framework for 2030, informs LETA.
The pan-Baltic railway line Rail Baltica's Estonian project manager Miiko Peris said that Estonia intends to submit the first, 191 million euros financing application already in February 2015, LETA/Public Broadcasting reports.
Minister of Economy Evaldas Gustas attended the opening ceremony of the US health care company Intermedix service centre in Kaunas, informs LETA/ELTA. Priomi Minister Algirdas Butkevicius was also present.
Lithuanian President Dalia Grybauskaite is attending a European Council meeting. At the meeting, EU leaders discussed the situation in Ukraine and other EU foreign policy issues, reports BC the presidential press service.
On Thursday 23 October 2014 the ECB’s Euro Exhibition was opened at the National Museum Palace of the Grand Dukes of Lithuania in Vilnius. The exhibition is part of the euro information campaign which is dedicated to the adoption of the euro in Lithuania on 1 January 2015, reported BC bank’s press service.
Minister of Energy in Lithuania Rokas Masiulis participated at the European Gas Summit organised by the British newspaper the Financial Times and stressed that Europe is heavily dependent on energy import, writes LETA/ELTA.
During a press conference after a meeting with President Andris Berzins yesterday, visiting Turkish President Tayyip Erdogan said that his country's European Union membership process has continued to be delayed for many years, cites LETA.