International Internet Magazine. Baltic States news & analytics
Saturday, 08.03.2014, 04:04
The jury lineup of the VI International Marketing and Advertising "White Square 2014" Festival, which will be held this year in Minsk on April 24-26, is formed.
Keyword tags: Advertising, Baltic States – CIS, Belarus, EU – Baltic States, Forum, Markets and Companies
UPB Holding, one of the leading groups of industrial companies in Latvia, has registered a subsidiary in London, which is the group's eighth subsidiary abroad, the Dienas Bizness newspaper reports, writes LETA.
The discussion of the common Baltic railway project Rail Baltica is reaching a dead end since the Lithuanian delegation lacks a mandate to discuss proposals for joining Vilnius with the speed railway, LETA/Public Broadcasting reports.
The Europe 2020 strategy adopted in 2010 seems subject to review: the idea was revealed in the recent Commission’s communication. The European Council will hold a first discussion, based on the Commission's findings, at its summit (20-21 March 2014). Future changes in the post-crisis growth strategy could have a developmental effect for the Baltic States’ economies.
The foreign ministers of the Nordic, Baltic and Visegrad countries began a two-day meeting in Narva, North East Estonia on Thursday, foreign ministry press department reports LETA.
On March 6th, EstLink 2, the high voltage direct current interconnection between Estonia and Finland, was officially inaugurated in a simultaneous ceremony in both Estonia in Püssi and Finland in Haikko, Porvoo, reports LETA, referring to Estonian main grid company Elering.
On Thursday, March 6, an extraordinary meeting of the European Council was held in Brussels on the situation in Ukraine where Latvia was represented by Prime Minister Laimdota Straujuma, reports advisor to the Prime Minister for public relations affairs Andis Blinds.
The Estonian Prosecutor's Office started a criminal investigation on Thursday over the leaking of a phone call recording of a conversation between Estonian foreign minister Urmas Paet and High Representative of the European Union for Foreign Affairs and Security Policy Catherine Ashton on the Internet, LETA/Public Broadcasting reports.
According to the research carried out by the group of the experts established by the Bank of Lithuania as well as according to the International Monetary Fund (IMF) recommendations, the most efficient way to strengthen the credit union sector is the cooperation, informs LETA/ELTA.
Lithuania's Minister of Finance Rimantas Sadzius said that the fulfilment of the Maastricht criteria was not the only one condition for Lithuania striving for the euro introduction, reports LETA/ELTA.
The European Central Bank on Thursday raised slightly its growth forecast for the euro area for 2014, but trimmed its forecast for inflation, informs LETA/AFP.
In 2013, Latvia's current account deficit was smaller than in previous years – EUR 191.1 million, 0.8% of the predicted gross domestic product (GDP), Bank of Latvia economist Ieva Opmane writes in the makroekonomika.lv economic news portal, cites LETA.
New round of the UN climate change negotiations starts in Bonn (10-14 March 2014), marking the beginning of an intense year of conferences and summits designed to lead to a universal agreement in Paris in late 2015. Bonn meeting includes attempts towards the new global climate agreement, to enter into force from 2020, and finding ways to boost immediate, effective climate action.
In February 2014, Estonia's national carrier Estonian Air carried 32,152 passengers while in the same month last year, it carried 32,613 passengers, the company announced, cites LETA.
The agreement, concluded under the pressure of Estonian economy minister Juhan Parts last Friday, that Estonia and Finland will build a joint regional liquefied natural gas (LNG) terminal with the support of European money on both shores of the Gulf of Finland, may be an illusion, LETA/Postimees writes.