International Internet Magazine. Baltic States news & analytics
Saturday, 23.08.2014, 12:26
According to the provisional data of Statistics Lithuania, in II quarter 2014, accommodation establishments accommodated by 9.5% more guests than in the same quarter of 2013 and received 637.7 thousand tourists.
Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Good for Business, Lithuania, Tourism
Based on calculations carried out by financial institution of Dutch origin ING Group, restrictions imposed by Russia on 7 August on food products imported from the European Union may cost the EU USD 6.7 billion (EUR 5.0 billion) per year, writes LETA/ELTA, referring to the website RBC Daily.
Finance Minister Andris Vilks (Unity) has become the longest-serving finance minister of Latvia.
On 10 September, 2014, the Competition Council in partnership with Vilnius University will hold the 11th Baltic Competition Conference, the Competition Council informs.
Member of the Homeland Union – Lithuanian Christian Democrats (TS-LKD) political group, Shadow Agriculture Minister Kazys Starkevicius says that the action plan for 2014-2015, prepared by the Ministry of Economy and approved by the Government, which is aimed to reduce losses of Lithuanian companies due to Russian sanctions, provides little hope for farmers, processors and carriers, reports LETA/ELTA.
Robust customs risk management is essential to protect the safety and security of business and citizens in the EU, as well as the interests of traders and financial services, while at the same time enabling the smooth flow of trade. A new strategy to improve customs risk management, together with a detailed action plan, was adopted by the Commission.
On 19 August 2014, the Polish and Lithuanian natural gas transmission systems operators GAZ-SYSTEM S.A. and AB Amber Grid submitted joint applications to the Innovation & Networks Executive Agency (INEA) for the co-financing of the project Gas Interconnection Poland – Lithuania (GIPL) from Connecting Europe Facility (CEF), informs BC the Ministry of Energy.
Government officials and milk processors in Lithuania agreed that in August 2014 milk produced in Lithuania will be bought-in and the price will not be reduced by more than 12%, i.e. by approximately LTL 0.10 (EUR 0.03) per litre, reports LETA/ELTA.
"Russia's goals are actually very short-sighted", believes the former head of the Constitutional Protection Bureau, Janis Kazocins, reports LETA.
Saeima Speaker Solvita Aboltina (Unity) yesterday thanked the visiting President of the Bundestag, Norbert Lammert for Germany's solidarity with and support for Latvia, and stressed that close relations between the Baltic States and Germany is a priority in Latvia's foreign affairs.
The National Vessel Traffic Monitoring Information System (NVTMIS) was implemented by Lithuanian Maritime Safety Administration. The system will help better secure maritime environment by preventing situations that can pose a threat to the safety of people at sea, the Ministry of Transport and Communications announced.
Taking into consideration the developments in Ukraine, the Baltic countries need to beef up their eastern borders, the retired fleet admiral Andrejs Mezmalis, who has served in the U.S. and Latvian armies, said in an interview on Latvian State Radio yesterday, cites LETA.
Estonian Prime Minister Taavi Rõivas said on Thursday at the government's press conference that German Chancellor Angela Merkel's words at the visit to Latvia caused high anxiety without any reason, LETA/Public Broadcasting reports.
Liquefied Natural Gas (LNG) supply and natural gas trading company Litgas, a part of energy company group Lietuvos Energija, has signed an agreement of strategic importance with Norwegian company Statoil, informs LETA/ELTA.
Russian Agriculture Minister Nikolai Fyodorov warned Wednesday that Moscow must spend billions of dollars in the coming years subsidizing farmers in order to avoid a shortage caused by its ban on most Western food, reports AFP/LETA.