EU – Baltic States

International Internet Magazine. Baltic States news & analytics Monday, 18.02.2019, 12:46

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Latvia should do everything possible not to be included in Moneyval’s grey list – Luminor

Latvia should do everything possible not to be included in Moneyval’s grey list – Luminor

18.02.2019

Latvia should do everything possible in order not to get included in the so-called grey list of the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval), said Kerli Gabrilovica, the head of the Latvian branch of Luminor Bank, in an interview with LETA.

Keyword tags: Banks, EU – Baltic States, Financial Services, Latvia



Estonia, Latvia would get access to Rail Baltica in Lithuania via exchange – Lithuanian minister

Estonia, Latvia would get access to Rail Baltica in Lithuania via exchange – Lithuanian minister

18.02.2019

Lithuanian Transport Minister Rokas Masiulis has once again reiterated that Lithuania will not hand over the management of the infrastructure of the European standard gauge railway Rail Baltica to any other state after the railway line, set to link the three Baltic states and Poland, is completed. But, he added, clear rules must be created for carriers from all three Baltic states to have equal rights to use this railway, informed LETA/BNS.

Number of foreign visitors hosted at Latvian tourist accommodation establishments has grown by 8.2%

Number of foreign visitors hosted at Latvian tourist accommodation establishments has grown by 8.2%

15.02.2019

Latest data compiled by the Central Statistical Bureau (CSB) show that 2.81 million visitors stayed at Latvian tourist accommodation establishments in 2017, which is 9.0 % more than during 2017. Compared to the previous year, the number of nights spent by visitors increased by 8.4%, reaching 5.37 million. The average length of stay comprised 2 nights.


Bank of Lithuania position on virtual assets and initial coin offering reflects changing market realities

Bank of Lithuania position on virtual assets and initial coin offering reflects changing market realities

15.02.2019

Taking into account current market developments and evolving regulatory regimes as well as seeking to ensure a level playing field for all financial market participants, the Board of the Bank of Lithuania has updated its position on virtual assets and initial coin offering. The position is intended for existing and potential financial market participants as well as entities intending to organise initial coin offerings or provide the possibility for Lithuanian investors to invest in this product type.

Zilinskis ir Co to build transformer station in Lithuania's Alytus for EUR 21.6 mln

Zilinskis ir Co to build transformer station in Lithuania's Alytus for EUR 21.6 mln

15.02.2019

Zilinskis ir Co, a Lithuanian energy infrastructure builder, has won the tender for the expansion of the transformer station in Alytus, southern Lithuania, a project important for the synchronization of the Baltic states' power systems with that of continental Europe, informed LETA/BNS.


15.02.2019

Bite Latvija will not suspend its partnership with Huawei

Despite the security scandals involving Chinese technology company Huawei in recent months, Latvian mobile phone operator Bite Latvija will not suspend its partnership with the company and will go forward with its plans to introduce a 5G network with the help of Huawei, Bite Lavija technical director Gints Butens told LETA.

15.02.2019

Talgo to appeal Pasazieru Vilciens’ decision to buy trains from Skoda Vagonka

Spanish company Patentes Talgo S.L. (Talgo) will appeal the decision of Latvia’s Pasazeru Vilciens rail passenger carrier to purchase the new electric trains from the Czech company Skoda Vagonka, the company informed LETA.

15.02.2019

Pasazieru Vilciens decides to buy trains from Skoda Vagonka after reassessing bids

On reassessing the bids submitted in its train supply tender, Latvia’s Pasazeru Vilciens rail passenger carrier has decided to purchase the electric trains from the Czech company Skoda Vagonka, the company’s CEO Rodzers Grigulis told journalists Friday.

15.02.2019

Industrial production down by 0.9% in euro area

In December 2018 compared with November 2018, seasonally adjusted industrial production fell by 0.9% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November 2018, industrial production fell by 1.7% in the euro area and by 1.2% in the EU28.

14.02.2019

Lithuania to hold May referendum on cutting number of MPs

A referendum on reducing the number of lawmakers to 121 from the existing 141 will be held on May 12 alongside the presidential election in Lithuania, the country's parliament has decided after 58 lawmakers voted in favor on Thursday, 42 were against and two abstained, reported LETA/BNS.

14.02.2019

Nordic Council of Ministers contributes EUR 100,000 to Baltic Culture Fund

The Nordic Council of Ministers gave 100,000 euros to the Baltic Culture Fund for the organization of joint cultural events in other countries, reported LETA/BNS.

14.02.2019

Flywire, Red Dot Payment set up companies in Lithuania

Two international payment companies, the UK's Flywire and Singapore's Red Dot Payment, have registered companies in Vilnius, reported LETA/BNS.

14.02.2019

Norwegian Supreme Court bans Latvian trawler from crabbing in Svalbard

The Supreme Court of Norway has ruled the Latvian trawler Senator and banned it from crabbing in Svalbard, the ship’s owner Peteris Pildegovics informed LETA.

13.02.2019

In 2017, Latvia had the highest share of environmental taxes in EU

Government revenues from environmental taxes amounted to 369 bn EUR in 2017 in the European Union (EU), compared with 264 bn EUR in 2002. Over the same period, the share of environmental taxes in total government revenues from taxes and social contributions1 decreased from 6.8% in 2002 to 6.1% in 2017.

13.02.2019

LEG receives EUR 9.3 mln paid by Alstom Power as compensation to Lithuania

The Finance Ministry transferred on Monday around 9.28 mln euros to Lietuvos Energijos Gamyba (Lithuanian Energy Production, or LEG) as compensation for damage caused by Alstom Power, a unit of France's Alstom , informed LETA/BNS.

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