International Internet Magazine. Baltic States news & analytics
Saturday, 23.08.2014, 02:36
According to the provisional data of Statistics Lithuania, in II quarter 2014, accommodation establishments accommodated by 9.5% more guests than in the same quarter of 2013 and received 637.7 thousand tourists.
Keyword tags: Analytics, Baltic States – CIS, EU – Baltic States, Good for Business, Lithuania, Tourism
Based on calculations carried out by financial institution of Dutch origin ING Group, restrictions imposed by Russia on 7 August on food products imported from the European Union may cost the EU USD 6.7 billion (EUR 5.0 billion) per year, writes LETA/ELTA, referring to the website RBC Daily.
Member of the Homeland Union – Lithuanian Christian Democrats (TS-LKD) political group, Shadow Agriculture Minister Kazys Starkevicius says that the action plan for 2014-2015, prepared by the Ministry of Economy and approved by the Government, which is aimed to reduce losses of Lithuanian companies due to Russian sanctions, provides little hope for farmers, processors and carriers, reports LETA/ELTA.
A poll conducted by the Estonian Chamber of Commerce indicates that Russia's sanctions have had a direct negative impact on a fifth of the 153 polled companies, LETA/Postimees writes.
"Russia's goals are actually very short-sighted", believes the former head of the Constitutional Protection Bureau, Janis Kazocins, reports LETA.
Lorry drivers carrying fruit and vegetables from Lithuania have to be prepared for the worst at the Belarusian border post. Although some more persistent drivers managed to bring cargo into Belarus, yet, most of them were forced to turn back and wait for the situation to clear up, reports LETA/ELTA, referring to Lietuvos rytas.
Taking into consideration the developments in Ukraine, the Baltic countries need to beef up their eastern borders, the retired fleet admiral Andrejs Mezmalis, who has served in the U.S. and Latvian armies, said in an interview on Latvian State Radio yesterday, cites LETA.
Estonian Prime Minister Taavi Rõivas said on Thursday at the government's press conference that German Chancellor Angela Merkel's words at the visit to Latvia caused high anxiety without any reason, LETA/Public Broadcasting reports.
Liquefied Natural Gas (LNG) supply and natural gas trading company Litgas, a part of energy company group Lietuvos Energija, has signed an agreement of strategic importance with Norwegian company Statoil, informs LETA/ELTA.
Russian Agriculture Minister Nikolai Fyodorov warned Wednesday that Moscow must spend billions of dollars in the coming years subsidizing farmers in order to avoid a shortage caused by its ban on most Western food, reports AFP/LETA.
During the first half of 2014, the revenue of company Amber Grid, the operator of Lithuania's natural gas transmission system, amounted to LTL 88,148,000 (EUR 25.5 million) of which 95% were the revenue from the transmission of natural gas via gas transmission pipelines to system users and transit to the Kaliningrad Region of the Russian Federation, reported LETA/ELTA the company.
Businessman Kirovs Lipmans is one of two bidders to buy the defunct joint-stock metallurgical company Liepajas metalurgs that have no longer participate in the negotiations on acquiring Liepajas metalurgs, as Lipmans confirmed to the Nozare.lv business portal, cites LETA.
Polish Ambassador to Latvia Jerzy Marek Nowakovski appeared on the LNT show "900 sekundes" this morning, expressing his viewpoint that Latvia's market is not large enough for it to receive significant amounts of Polish agricultural products, informs LETA.
Russia has removed several products from its list of agricultural products that may not be imported into the country, according to a decree issued by the Russian government, cites BBC/RBC/LETA.
According to the calculations of Lithuanian Agriculture Minister Virginija Baltraitiene, losses of Lithuanian dairy and meat producers may possibly amount to LTL 500 million (EUR 145 million), because of food product embargo imposed by Russia, reports LETA/ELTA.