International Internet Magazine. Baltic States news & analytics
Saturday, 20.12.2014, 02:50
The European Humanities University (EHU) was honored to host seven distinguished candidates who were invited to campus as finalists for the position of University Rector this week.
Keyword tags: Baltic States – CIS, Education and Science, EU – Baltic States, Lithuania
On December 18, in Brussels, the Heads of State and Government called for immediate establishment of the European Fund for Strategic Investments to fund growth of Europe, and for reaching an agreement on the most important tasks during Latvia's Presidency. Latvia has set a priority – to develop competitive, digital and engaged Europe, reported BC press secretary to the Prime Minister Aiva Rozenberga.
At the European Council meeting in Brussels, President Dalia Grybauskaite together with other EU leaders discussed topical external policy issues and the situation in Ukraine, reported BC presidential press service.
The fall of the Russian rouble is cause for concern for more than 3,000 pensioners living in Estonia who are paid pensions from the Russian Federation state budget, since the fall of the rouble means reduction in real income, LETA/Postimees writes.
The situation in the fish processing industry is tense at the moment as a result of the tumbling Russian ruble, yet there is still hope as companies are more or less successfully expanding into new markets, thus the industry is expecting improvements in the coming couple of months, as Andris Bite, a representative of the Union of Latvian Fish Processing Industry and a co-owner of Karavela fish cannery, said commenting on the information about 400 employees being laid off at Ventspils zivju konservu kombinats (Ventspils Fish Cannery), cites LETA.
Lithuanian economy has reached a stage of development where moderate GDP growth cannot be taken for granted and certain, SEB's analysts say in their latest Lithuanian Macroeconomy Review, reports LETA/ELTA.
With the country's economy growing slower than expected, most business start-ups in Lithuania are taking the advantage of the situation in the domestic market. While the country's largest companies are estimating the consequences of Russia's embargo, our business start-ups are planning to further increase their sales volumes within the coming six months and recruit new employees to satisfy the growing demand, the bank DNB said in a statement, cites LETA/ELTA.
Jurmala City Council representatives are denying the public rumors about "New Wave", "KVN", and "Comedy Club" exiting Latvia, the Jurmala City Council informed LETA.
During a meeting with Foreign Minister of Kyrgyzstan Erlan Abdyldaev yesterday, Latvian President Andris Berzins emphasized that the European Union wishes to see Kyrgyzstan as a democratic country, LETA was informed by the Presidential Press Service.
There has been a sharp decline in Russian demand for Christmas and New Year holidays in 2014 in Latvia, and some tourism operators have even seen a 70% drop in the number of clients from Russia, according to tourism operators questioned by LETA.
Russian President Vladimir Putin said on Thursday he was confident in the country's current economic situation as he had the "insurance policy" represented by the state's right macroeconomic course of action and reserve funds for the fulfilment of social obligations, reports LETA/ELTA, referring to TASS.
Economic growth of 2.9% of GDP in Lithuania should be the highest among the Baltic States in 2014. However, in 2015 it is likely to decrease to 2.7%, while Estonia's will be 2.3% and Latvia's 2.9%, forecasts Danske Bank, cites LETA/ELTA.
In November, the average electricity price in the Lithuanian trading zone of the Nord Pool Spot was 17.4 ct/kWh, a drop down by 6% compared to October 2014, and was the lowest since May this year, reports BC Litgrid AB, the Lithuanian electricity transmission system operator.
Estonian Ministry of Finance shall prepare an in-depth analysis on the fast fall of the Russian rouble exchange rate in recent days and its impact on the Estonian economy, Finance Minister Maris Lauri said on Wednesday in the parliament, LETA/Delfi Ärileht reports.
Lithuania is going to open new visa centers in 7 foreign countries, reports LETA/ELTA.