EU – Baltic States

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 16:35

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External support in Estonia to be spent on restarting the economy, innovation

External support in Estonia to be spent on restarting the economy, innovation

04.12.2020

The Estonian government decided on Thursday that in the use of external support, Estonia will base its actions on the principles of restarting and invigorating a human-centered economy and conduct of major innovations, informs LETA/BNS.

Keyword tags: Analytics, Economics, Estonia, EU – Baltic States, Financial Services, Innovations, Technology



Estonian travel companies: air passengers shouldn't have to isolate

Estonian travel companies: air passengers shouldn't have to isolate

04.12.2020

According to the Estonian Travel and Tourism Association (ETFL), the government should implement the guidelines of the European Center for Disease Prevention and Control (ECDC) and the European Aviation Safety Agency (EASA) published on December 2nd, which do not consider mandatory self-isolation and testing of air passengers necessary, informs LETA/BNS.

Estonia's security of electricity supply guaranteed until 2030

Estonia's security of electricity supply guaranteed until 2030

04.12.2020

The security of electricity supply for Estonian consumers on the market basis is ensured at least until 2030, both according to the European electricity system sufficiency survey as well as surveys commissioned by the Estonian transmission system operator Elering, writes LETA/BNS.


Latvia's construction productivity at 40% of EU average

Latvia's construction productivity at 40% of EU average

03.12.2020

In Latvia, construction productivity is approximately at 40 percent of the European Union's average rate, Luminor Bank's economist Peteris Strautins said at an online conference hosted by the Partnership of Latvian Building Contractors, cites LETA.

EU Commission approves Latvia's support mechanism for hotels

EU Commission approves Latvia's support mechanism for hotels

03.12.2020

The European Commission has approved Latvia's support mechanism intended to help crisis-stricken hotels cover their operating costs in the current times of crisis, writes LETA, according to the Economics Ministry's statement published in the official gazette Latvijas Vestnesis.


03.12.2020

Sweden's Eliq to open product development office in Vilnius

Eliq, a Swedish company developing customer engagement software for energy suppliers, has announced plans to open a product development office in Vilnius, writes INvest Lithuania.

03.12.2020

Various new Covid-19 restrictions come into force in Latvia

Various additional Covid-19 restrictions come into force in Latvia from today, December 3rd, informs LETA.

03.12.2020

Tallinn to contribute EUR 85,000 towards OECD program on circular economy

The city of Tallinn is set to contribute 85,000 euros towards the program of the Organization for Economic Cooperation and Development (OECD) titled "Program on the Circular Economy in Cities and Regions", informs LETA/BNS.

03.12.2020

Lithuania government leaves decision on Equinor LNG purchases to next Cabinet

Lithuania's outgoing government on Wednesday left it for the new Cabinet to decide on the minimum number of LNG shipments the country purchases from Norway's Equinor to keep the Klaipeda LNG terminal operational, writes LETA/BNS.

02.12.2020

Latvian company may face prosecution for giving EUR 2.26 million bribe to Belarusian official

The Corruption Prevention Bureau (KNAB) has asked the Prosecutor General's Office to prosecute a Latvian-registered company for giving a multi-million bribe to a Belarusian state official and tax evasion, informs LETA.

02.12.2020

ICT sector accounted for 4.6% of Latvia's GDP in 2019

Last year, the information and communication technology (ICT) sector accounted for 4.6 percent of Latvia's GDP, Signe Balina, president of the Latvian Information and Communication Technology Association (LIKTA), said at the association's conference DIGI->FIT 2020, cites LETA.

02.12.2020

NordBalt power link offline due to failure in Sweden

The NordBalt power interconnection between Lithuania and Sweden went offline in the early hours of Wednesday due to a failure on the Swedish side, Lithuania's electricity transmission system operator said LETA/BNS.

02.12.2020

SEB: most listed companies in Baltics in no hurry to hedge financial risks

An analysis of the risk mitigation practices related to the financial markets of listed Baltic companies by SEB revealed that only a few companies on the Baltic Main List pay attention to reducing the risks arising from changes in exchange rates, interest rates and commodity prices, cites LETA/BNS.

02.12.2020

Shale oil could create EUR 8.2 bln in Estonian wealth in 20 yrs

According to an analysis commissioned by the Estonian Chemical Industry Association and carried out by KPMG, shale oil production could create 8.2 billion euros of national wealth over the next 20 years, of which 7.5 billion euros would be shared between the sector's partners, the public sector, employees and the public, reports LETA/BNS.

02.12.2020

Lithuania's Cargo Stream expands to France

Lithuanian company Cargo Stream, developing a digital logistics management system, is expanding to France and is establishing a joint enterprise in the port of Dunkerque with local investors, informs LETA/BNS.

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