International Internet Magazine. Baltic States news & analytics
Tuesday, 30.08.2016, 12:02
While the number of insolvencies fell by 13.8% in Latvia and by 9.7% in Estonia last year, in Lithuania their number increased, according to a report released by Coface credit insurer.
Keyword tags: Analytics, Baltic, Estonia, EU – Baltic States, Latvia, Statistics
In July 2016, the Bank of Latvia bought securities worth EUR 211.3 mln under the European Central Bank's (ECB) public sector purchase program (PSPP), according to the information released by the central bank. Since the launch of the PSPP in March 2015, the Bank of Latvia has bought EUR 3.34 billion worth of securities issued by the Latvian government and international organizations located in the eurozone, including EUR 1.81 billion worth of securities in 2015.
European Commission has come out with the proposal for a regulation concerning new ways to collect and use data from social surveys in the member states. New approach is going to make better decision-making in general and in social policy in particular. It also intends to make a more solid base of social indicators to improve socio-economic development.
Japan's Hitachi, one of the world's biggest power plant construction and manufacturing corporations, has failed to stop the tender for a contractor of the construction of the Vilnius Japan's Hitachi, one of the world's biggest power plant construction and manufacturing corporations, has failed to stop the tender for a contractor of the construction of the Vilnius Cogeneration Power Plant, reports LETA/BNS.
The differences abound both in the ways the three Baltic States re-established their independence and pursued courses in socio-economic development. It seems that at a time when most global states are “blocking” to make life easier, the Baltic States need a “common course”, which our magazine has advocated for long…
Lending to the private sector in eurozone countries picked up somewhat in July, AFP news agency reported, citing the information released on Friday by the European Central Bank (CEO), writes LETA.
Citing a regulation of the European Commission, the Agricultural Board of Estonia has banned the sale of 14 herbicide products based on glyphosate that contain polyethoxylated (POE) tallowamine as a co-formulant, reports LETA/BNS.
According to the latest data of the Central Statistical Bureau (CSB), there were 612.9 thsd visitors who stayed in Latvian accommodation establishments during the 2nd quarter of 2016, which was 6.1 % more than during the corresponding period of the previous year. As compared to the 2nd quarter of 2015, the number of nights spent by visitors has increased by 6.6 %. On average, visitors stayed 1.9 nights in accommodation establishments.
Citing a EU directive, the Estonian Ministry of Environment wishes to ban free lightweight plastic bags in stores from July 2017 and to raise the price of plastic carrier bags available in stores to up to one euro apiece from 2019, write LETA/BNS.
Cooperation with Latvia will continue, Tim Colley, Chargé d’Affaires a.i. of the British Embassy in Latvia, said during the working visit to the Liepaja port city in south-western Latvian, reports LETA.
Finland's reinforced concrete connections manufacturer Peikko is investing more than 9 million euros in a new beam factory in Lithuania's second-largest city Kaunas, informs LETA/BNS.
A lab test has confirmed the presence of African swine fever (ASF) in pigs on a farm with 2,700 pigs on Estonia's Saaremaa Island, reports LETA/BNS.
The Latvians who live and work in foreign countries provide around EUR 500 million a year to the Latvian economy, Peteris Elferts, the Foreign Ministry's Ambassador-at-Large for diaspora, said on public radio Wednesday, cites LETA.
The government today approved the route of the high-voltage power line from the Estonian town of Sindi to Riga 2nd thermal power station, reports LETA.