International Internet Magazine. Baltic States news & analytics
Saturday, 01.11.2014, 01:24
A container terminal covering around 40 hectares, built on land regained from the sea, has been completed in the North East Estonian Sillamäe Port, the local Põhjarannik newspaper writes, cites LETA.
Keyword tags: Baltic States – CIS, Containers, Estonia, Good for Business, Port, Transport
The extension of European Union sanctions by another years against Belarus was an expected decision, Foreign Ministry press secretary Karlis Eihenbaums told LETA.
Without the EU enlargement, Russia’s appetite, today, would not focus on Ukraine, but on Bulgaria and the Baltic states, outgoing Commission President Jose Manuel Barroso told reporters at his last press conference yesterday, cites LETA/EURACTIV.
In the third quarter of 2014 Ventspils nafta terminals Ltd. (VNT), subsidiary of JSC Ventspils nafta” transhipped 2.05 million tons of oil and petroleum products. But transhipment amounts of LatRosTrans Ltd. (LRT) in the same period of time reached 1.35 million tons, which is 36% more than in corresponding period of 2013, informed BC Ventspils nafta press service.
According to a survey of finance directors at the largest Baltic companies conducted by SEB bank, companies in the Baltic States have become less optimistic about the business environment, reported BC the bank.
Deputy Minister of Foreign Affairs of Lithuania Andrius Krivas on 28 October in Vilnius met with the US Deputy Assistant Secretary of State for European and Eurasian Affairs Brent Hartley, reports BC the MFA.
Cargo flow projections that were the basis for Latvijas Dzelzcels (LDz) railroad electrification project have not been, and will not be achieved, thus the risks of the project and the project itself need to be revised, Transport Minister Anrijs Matiss (Unity) said during a Latvian Port, Transit and Logistics Council meeting today, cites LETA/Nozare.lv.
The Estonian financial sector is in good condition and most of the risks to financial stability in the next half year are small, Estonia's central bank Eesti Pank said in its fresh financial stability assessment on Wednesday, cites LETA.
On the list of Doing Business 2015, a World Bank Group flagship report which was released this Wednesday Lithuania remained as one of the most favourably assessed countries in the world in terms of starting a business. In The overall ranking Lithuania is 24th, while Estonia on 17th position and Latvia 23 rd, informs LETA/ELTA.
European Union (EU) sanctions against Russia are to remain in place, the bloc's ambassadors have decided at talks in Brussels on Tuesday, informs LETA/DPA.
The World Economic Forum Global Gender Gap Report 2014 indicates that Estonia is as low as on the 62nd position among 142 countries, LETA/Delfi reports.
European Union (EU) pig-breeders are unsatisfied with the support mechanisms designed for industries affected by Russia's embargo against food products from the EU, thus, Brussels will request adding pork producers on the compensation list, Pig-breeders Association of Latvia Director Dzintra Lejniece informed the business portal Nozare.lv.
Estonian Foreign Minister Urmas Paet said that Sunday's parliamentary elections in Ukraine are an important step for the country's future, reports BC the foreign ministry press department.
In the first six months of the year, compared to the same period last year, there has been a reduction in the number of Latvian companies exporting their food or agricultural products to Russia, according to a report released by the Economy Ministry on the consequences of the Russian sanctions, informs LETA/Nozare.lv.
Between 27 and 31 October, Latvia’s Ambassador-at-Large for Eastern Partnership, Juris Poikāns, is on a working visit to Japan. As part of his visit, Ambassador Poikāns met with the Deputy Director-General of the European Affairs Bureau at the Ministry of Foreign Affairs of Japan, Akira Muto, to discuss the priorities of Latvia’s Presidency of the Council of the European Union and opportunities for cooperation with Japan, reports BC Latvian MFA.