International Internet Magazine. Baltic States news & analytics
Thursday, 23.02.2017, 02:19
he European Commission said in its annual analysis published on Wednesday that while Estonia has one of the best performing labor markets in the European Union, but its declining working-age population and the continuing increase of labor costs per worker might reduce the country's competitive ability, reports LETA/BNS.
Keyword tags: Analytics, Estonia, EU – Baltic States, Labour-market, Markets and Companies
Latvia's harmonized annual inflation was among the highest in the European Union (EU) in January, Eurostat said on Wednesday.
Sweden's Ikea group currently owns 38,000 hectares of forest in the three Baltic states, which is a rise by 52% from what the group announced last September, Verslo Zinios business daily said citing LETA/BNS.
Global leaders have recognized 17 most important world’s issues to be resolve by 2030. They are called Sustainable Development Goals, SDGs and health is among most vital for humanity. It is ranked third in priorities and all countries has to make “health for all” a priority in national development. Practical efforts released by a Danish “health engineer” are the good and valuable steps in the right direction.
Should Russia attack Latvia, 39 percent of residents would either do nothing or leave the country, according to a public opinion survey carried out by SKDS for the Defense Ministry writes LETA.
M. Kučinskis and Brexit Minister agree on inviolability of interests of Latvia's residents working in UK
On Tuesday 21 February, Prime Minister Māris Kučinskis held a meeting with David Davis, Minister for Exiting the European Union (EU) in Rīga.
In 2016, the final electricity consumption in Lithuania totalled 10.47 kilowatt hours (or 10.47 terawatt hours, TWh). A record growth in the consumption was observed last year: residents, businesses, agriculture and transport used 4.5% more electricity compared to 2015. The growth rate in agriculture was as high as 8.4%, service sector 5.7%, residents 4.3%, and transport sector 4%. The lowest year-on-year growth rate (3.5%) was recorded in the industrial sector.
The municipal water supplier Vilniaus Vandenys (Vilnius Water) sold its headquarters in Vilnius' Old Town to the Danish-owned property developer Asgaard Property for 3.9 mln euros in an auction on Tuesday.
Latvian banks' profitability figure is higher than in the European Union on average, Peteris Putnins, chairman of the Financial and Capital Market Commission (FCMC), said at a news conference today citing LETA.
Electricity prices across the Baltic Sea region went down last week as demand for power declined due to improved weather conditions, Litgrid said LETA/BNS on Monday.
The Estonian defense contractor Milrem has signed a memorandum of understanding with IGG Aselsan Integrated Systems (IAIS), a joint venture of the United Arab Emirates' International Golden Group and Turkey's Aselsan, informes LETA/BNS.
Heated debate about the EU’s future in the European Parliament recently showed that the EU faced big shocks if reforms were not introduced urgently. Three separate reports were debated in Strasbourg’s plenary prepared by most influential party groupings: socialist, Christian democrats and liberal democrats.
Lithuania in the fourth quarter of 2016 registered the largest quarterly increase in construction output in the European Union, figures from the EU statistical office Eurostat showed on Friday.
The State Border Guard has launched a criminal probe to investigate a failure to check the passports of 38 air passengers who had flown into Riga International Airport from London and were directed to the airport’s Schengen terminal where they did not have to undergo border checks, LETA was told at the State Border Guard.
Alongside Gazprombank-controlled Cryogas, which supplies LNG to Eesti Gaas, LNG Gorskaya, a relatively small privately-owned Russian energy company, is entering the Baltic LNG sector with plans to build small-scale LNG terminals around the Baltic Sea to deliver fuel to ships sailing in the sea, the business daily Verslo Zinios reported on Friday writes LETA/BNS.