EU – Baltic States

International Internet Magazine. Baltic States news & analytics Tuesday, 23.05.2017, 13:53

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Rail Baltica – Connectivity That Benefits All

Rail Baltica – Connectivity That Benefits All

22.05.2017

The first day of the international two-day event “Rail Baltica Global Forum 2017 – Building a New Economic Corridor” that was held in Riga on April 24, 2017, gathered not only an impressive line-up of speakers, but also a great number of influential officials, politicians, decision-makers and experts from the three Baltic States and beyond. All of the attendees agreed that this was an important turning point in the project's development as the new Cost-Benefit analysis of the Global Project[1] was presented proving the value of the project and listing a number of benefits that the connectivity will bring.

Keyword tags: Analytics, Baltic, Construction, EU – Baltic States, Financial Services, Railways, Transport



41.9% of Latvian employees receive up to EUR 450 in net monthly wage in Q1

41.9% of Latvian employees receive up to EUR 450 in net monthly wage in Q1

22.05.2017

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that since the 1st quarter of 2016 the employment rate has increased by 0.6 percentage points.

Latvian start-ups may join Nordic Innovation House in Silicon Valley

Latvian start-ups may join Nordic Innovation House in Silicon Valley

22.05.2017

Latvian start-up companies may join the Nordic Innovation House in the Silicon Valley, the US, Latvian economics minister’s spokeswoman Agita Baltbarde said LETA.


Electricity, natural gas prices for households in Latvia higher than in Estonia and Lithuania in H2 2016

Electricity, natural gas prices for households in Latvia higher than in Estonia and Lithuania in H2 2016

19.05.2017

Electricity prices for Latvian households were the 15th highest in the European Union in July-December 2016, while gas prices were the seventh lowest; however, electricity and gas prices in Latvia were both higher than in Lithuania and Estonia, according to Eurostat.

State aid control: Commission balances public-private interests

State aid control: Commission balances public-private interests

19.05.2017

Fair competition in the EU Single Market depends on both private sector’s development and that of the member states’ government policies. The latter is regulated through the Commission’s control of state aid and government subsidies; main changes here relate to sea- and air-ports, culture and regions. Commission has taken more than 30 state aid decisions on ports and more than 50 state aid decisions on airports.


18.05.2017

Profitability of Latvian banks among highest in EU

The profitability of Latvia’s commercial banks is among highest in the European Union (EU), but lending is still sluggish, Valdis Dombrovskis, the European Commission’s Vice President for the Euro and Social Dialogue, said today at the conference “Latvian Economy: Past, President and Future”.

17.05.2017

Trustpilot to establish development team in Vilnius

Trustpilot, considered one of Denmark’s most promising startups, is establishing a product development division in Vilnius, the Invest Lithuania informed BC.

16.05.2017

Better Asset Quality and Lower Share of NonResident Deposits Drives Positive Outlook for Baltic Countries

Our outlook for the Baltic countries' banking system is positive1 , compared with the stable outlook that has prevailed since 2015. This reflects our expectation that a supportive macroeconomic environment will improve banks' asset quality and support healthy loan growth across the system over the next 12 to 18 months. The positive momentum will be particularly supportive of domestic banks as, in addition to positive economic conditions, tighter regulatory requirements will encourage them to increase headroom above minimum capital requirements and reduce their reliance on volatile non-resident deposits. »

16.05.2017

Prezi presentation platform buys Latvia’s Infogr.am

Visual presentation platform Prezi has purchased the world-known and Latvian-based data visualization company Infogr.am, representatives of both companies reported.

16.05.2017

Ten hydrogen-powered trolleybuses and filling station to cost EUR 16 miln to Rigas Satiksme

onstruction of a hydrogen station and ten hydrogen-powered trolleybuses will cost EUR 16.1 mln with half of the amount to be co-financed by the EU, Rigas Satiksme municipal public transport company said.

15.05.2017

Tanker to deliver this year's 3rd LNG cargo for Lithuania's Achema

A new shipment of liquefied natural gas (LNG) from Norway's Statoil is to arrive in Klaipeda on Tuesday, marking the eight LNG delivery to the Lithuanian port since the start of the current gas year on Oct. 1, 2016 and the third one for the fertilizer manufacturer Achema, reported LETA/BNS.

15.05.2017

Amber Beverage Group takes a strategic step into the UK market with Cellar Trends

Amber Beverage Group, the largest alcohol manufacturer and distributor in the Baltics and part of SPI global group, has made its entry into the UK’s beverage market by acquiring a strategic stake in the leading UK wine and spirits distributor - Cellar Trends, ABG informed BC.

15.05.2017

Lithuania-Sweden power link NordBalt down last week due to IT error

The Lithuania-Sweden power interconnection NordBalt was briefly offline last week due to an error of IT systems, writes LETA/BNS.

15.05.2017

Heating Swedish real estate market a risk for banks in Lithuania

The overheating real estate market in Sweden poses a risk to Swedish-capital banks in Lithuania, Stefan Ingves, governor of Sweden's central bank Riksbank, says to LETA/BNS adding that collapse of real estate prices would cause problems for the entire Nordic and Baltic region.

15.05.2017

Spring 2017 economic forecast for the European Union

The European economy has entered its fifth year of recovery for all EU member states. The Commission predicted that recovery would continue in the years to come. Spring-17 forecast recently published has shown GDP growth rate at 1,7-1,8% during 2017-18 in the euro-zone area. GDP growth in the EU-28 is expected to remain constant at 1.9% during these two years.

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