International Internet Magazine. Baltic States news & analytics
Sunday, 23.11.2014, 12:51
Investor Confidence Index for Lithuania (ICIL) survey indicates increasing investor confidence in Lithuanian business environment. The upward trend has remain solid throughout the year and the overall index value reached 1.181 (out of maximum value of 2) in the last quarter of 2014. The positive expectations came through even despite the unpredictable geopolitical situation in Eastern Europe, reported BC ICIL press service.
Keyword tags: Analytics, EU – Baltic States, Forum, Investments, Lithuania, Markets and Companies
On 21 November, 2014, the Minister of Foreign Affairs of Latvia Edgars Rinkevics met with the Minister of the Cabinet of Ministers of Ukraine, Ostap Semerak. Edgars Rinkevics congratulated Ostap Semerak on the first anniversary of the Euromaidan protests, which has been declared the Day of Honour and Freedom in Ukraine, reports BC press service of Latvian MFA.
The interim financial result for joint-stock Latvijas Kugnieciba (Latvian Shipping Company, LK) and its subsidiaries (LSC Group) for the nine months of 2014 resulted in a net loss of USD 14.17 million, which is USD 10.47 million less compared to the respective period in 2013, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange, cites LETA.
On Friday, the European Commission (EC) adopted its fifteenth report on the practical preparations for the euro changeover, assessing the progress made up until the end of September 2014, and concluded that Lithuania's preparations are well on track overall, reports LETA/ELTA.
The head of the European People's Party's (EPP) Group at the European Parliament Manfred Weber, who is participating in a party leadership meeting in Jurmala this week, told LETA yesterday that the European Union's growth and stability are the most important things which need to be achieved at the moment.
The Resolution on Combating Glorification of Nazism and Other Contemporary Forms of Racism put forward by the Russian Federation was adopted by voting on 21 November 2014 at the Third Committee of the United Nations General Assembly, 115 states voting for, 3 against, and 55 abstaining. Lithuania as well as other EU Member States have abstained in the vote and made a very strong Explanation of Vote, reports BC press service of Lithuanian MFA.
Auditing company PwC has placed Estonia among the high tax burden states again but Estonian Ministry of Finance argues that this is not the case, LETA/Postimees Online reports.
Police undertook a Europe-wide action on hackers who had allegedly gained control of internet users’ laptops to spy on them — just a day after it emerged that hundreds of cameras had been unknowingly broadcasting from British homes, reports LETA, referring to the British newspaper ''The Independent''.
The average visitor of Riga is a 36-year-old middle-income male who travels by plane and stays in Riga for two-three days in a four star hotel, and spends about EUR 74.86 a day, reports LETA, referring to the latest study by the Riga Tourism Development Bureau.
Despite a reduction in the number of Russian tourists, Latvia still was able to register its largest ever increase in tourist number this year, Economy Ministry State Secretary Martins Lazdovskis said during the ''Latvian Tourism Forum 2014'' today, cites LETA.
Edward Lucas, one of the most prominent British columnists analysing geopolitical situation in the Eastern Europe, has been awarded Vytautas Magnus University (VDU) Honorary Doctorate. The ceremony took place on 20 November, the university said in a press release.
Completing Europe: from the North-South Corridor to energy, transportation and telecommunications union
Economic growth and energy security are the backbones of the European Union’s resilience, but are both the weak spots in the chainmail of Europe. This challenge should be addressed by the creation of an integrated set of energy, transportation, and digital links, a North-South Corridor spanning across Central Europe, linking the Baltic to the Adriatic and Black Seas.
On 20 November, the Under-Secretary of State for European Affairs, Inga Skujiņa, and the Head of the Bilateral Relations Directorate, Einars Semanis, met with David Tilson, the Head of the Canada-Europe Parliamentary Association of the Canadian Parliament and his delegation, reported BC the Latvian MFA.
During his visit to Lithuania, Edward Lucas, one of the most prominent British columnists analysing geopolitical situation in the Eastern Europe, urged Lithuania to pay more attention to dissemination of its success stories and be more active in fight with the even smallest provocations of Russia in their early stages.
During its presidency of the Council of the European Union next year, Latvia will play an important role in the region's security, NATO Secretary General Jens Stoltenberg said after meeting with Latvian President Andris Berzins on Thursday, informs LETA.