International Internet Magazine. Baltic States news & analytics
Thursday, 23.05.2013, 21:24
Saeima approves Latvia-Russia agreement on property transfer regulations
23.05.2013Latvian Saeima members today approved in the final reading an agreement between Latvia and Russia that lays down property transfer regulations in Jurmala and Moscow, reports LETA.
Keyword tags: Baltic States – CIS, Latvia, Legislation, Real Estate, Russia
Belarus ambassador: Lithuania reaches strategic partner level
23.05.2013Lithuania and Belarus are strategic partners in economics today, says Belarusian Ambassador to Lithuania Vladimir Drazhin, reports LETA/ELTA.
Most Estonian emigrants still go to Finland
23.05.2013According to the data of 2012, in Estonian emigration the movement takes place towards the countries offering bigger economic welfare. People emigrate from Estonia mainly to Finland and the United Kingdom and people immigrate to Estonia from Finland and Russia.
Vopak E.O.S. buys 15 engines from Kazakhstan
23.05.2013Fuel transit company Vopak E.O.S.'s subsidiary, Estonia's biggest privately-owned railway cargo transport company E.R.S. upgrades its engine fleet and will buy up to 15 General Electric engines from the Kazakh National Railways, LETA/Postimees Online reports.
Belarus ambassador: more border crossing points with Lithuania are necessary
23.05.2013Belarusian Ambassador to Lithuania Vladimir Drazhin says that Lithuania and Belarus must have more border posts than there are now, informs LETA/ELTA.
Lithuania's MFA meets with Israel's president and PM
On May 21, Minister of Foreign Affairs of Lithuania Linas Linkevicius met with President of the State of Israel Shimon Peres and Prime Minister Benjamin Netanyahu to discuss bilateral cooperation, Lithuania's incoming Presidency of the EU Council, the renewal of peace talks with Palestinians, and the security situation in the region, reports BC Lithuania’s MFA.
Kaunas Airport offers flights to Moscow for convenience of passengers from Russia
Russian airline Rusline will start operating from Kaunas Airport to Moscow's Domodedovo Airport and back starting from June 16, 2013; the airport's General Director at interim Jurate Baltrusaityte noted that it will give Russian travelers an opportunity to reach the Western European destinations in a more convenient and pocket-friendly way, writes LETA.
NIB lends LDz for upgrade of east-west railway corridor in Latvia
The Nordic Investment Bank (NIB) and Latvia's state railway company VAS Latvijas dzelzcels have signed a new loan totalling EUR 17 million for the upgrade of a railway section in the country's east-west transport corridor, informs Nordic Investment Bank.
Bicevskis: purchase of Latvijas Biznesa Banka indicates appreciation of banking sector's professionalism
The purchase of Latvijas Biznesa Banka (Latvian Business Bank, LBB) indicates that the Latvian financial sector, banking experience, employee professionalism are still trusted and highly appreciated, believes Association of Commercial Banks of Latvia President Martins Bicevskis, informs LETA/Nozare.lv.
Aboltina invites Samsung to expand its activities in Latvia
While visiting the South Korean electronics company Samsung during her official visit to South Korea today, Saeima Speaker Solvita Aboltina (Unity) said that Latvia highly values the company's decision to make Riga its regional center of commercial operations, informs LETA.
Russian financier buys Latvijas Biznesa Banka
Russian Financier Andrey Vdovin, one of the co-owners of the VMHY Group, has purchased 100% of Latvijas Biznesa Banka (Latvian Business Bank) shares, informs LETA/Nozare.lv.
Butkevicius defends the Minister of Economy Vesaite
President Dalia Grybauskaite said that a trip to Kazakhstan by business-class chartered plane of Minister of Economy Birute Vesaite is directly linked with entrepreneurs and this raises doubts over the transparency of minister's work. However, Prime Minister Algirdas Butkevicius defends the minister, informs LETA/ELTA.
Border agreement with Russia won't affect Tartu Peace Treaty
The Estonian Legal Chancellor estimates that the Estonian-Russian border agreement in the form it has been proposed now won't violate the validity of the Tartu Peace Treaty as an important part of Estonian statehood and carrier of legal succession, LETA/Public Broadcasting reports.
Representatives of Estonian hotels and restaurants come to Russia for tourism convention
Representatives of more than 20 Estonian hotels and restaurants visited Moscow tourism convention to attract Russian tourists, the Estonian national broadcasting corporation ERR said in a statement referring to ETV. Estonia was visited by 300,000 Russian tourists in 2012, writes LETA.
Lembergs: Freeport of Ventspils must maintain its current cargo turnover
Due to Russia continuing actively developing its ports, the Freeport of Ventspils does not predict increases in its cargo turnover, however, without any administrative obstacles, the port will be able to maintain its current cargo turnover and perhaps achieve more, Ventspils Mayor Aivars Lembergs (For Latvia and Ventspils) says in an interview with LETA.
EU’s assessment of Latvian economic activity 
