International Internet Magazine. Baltic States news & analytics
Thursday, 18.12.2014, 11:28
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.
Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Lithuania
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.
In November 2014, the price decrease of the standard-type apartments that began a month earlier with a minimum price decline, continued in the housing estates of Riga. The standard-type apartment prices in November, compared to October, have decreased by 0.2%, and this price decline has been typical for almost all major housing estates or Riga, says Mr. Māris Laukalējs, Member of the Board of Directors of ARCO REAL ESTATE.
Lithuanian Minister of Foreign Affairs Linas Linkevicius says the crash of the Russian rouble against the US Dollar to record lows should not be gloated over. According to the foreign minister, the financial crisis in Russia is a good moment for the country to change the course of its policy, reports LETA/ELTA.
It is possible that Russian "New Wave" pop music festival and the KVN and "Comedy Club" stand-up shows will not be able to organize their events in Jurmala anymore by leading Moscow politicians' order, newspaper "Vesti" reports today, cites LETA.
Lithuania's Minister of Foreign Affairs Linas Linkevicius participated in the General Affairs Council on 16 December in Brussels. The Council examined draft conclusions for the European Council meeting to be held on 18-19 December, including European Commission President Jean-Claude Juncker's initiative of mobilising 315 billion euro of investment in the EU, reported BC the MFA.
Latvian Ambassador Juris Poikans presented his credentials to the President of Moldova Nicolae Timofte earlier this week, and met with Deputy Foreign Minister of Moldova Valeriu Chiveri to discuss bilateral cooperation, relations between the European Union and Moldova, and the situation after the parliamentary elections in Moldova, reports LETA.
Estonian business leaders support among major infrastructure projects almost equally Rail Baltica and expanding the Tallinn-Tartu highway into a four-lane speedway, a study by KPMG "The pulse of the economy" indicated, LETA/Delfi reports.
Lithuania is open for investment and its market is growing and reliable, said Lithuanian Prime Minister Algirdas Butkevicius, attending a Summit of Heads of Government of China and Central and Eastern European countries (China+16) in Belgrade, Serbia, cites LETA/ELTA.
Currency exchange points in Riga are purchasing Russian rubles with a large price reserve, LETA has observed.
According to economic experts interviewed by LETA, the weakening of the Russian ruble will negatively impact Latvian companies exporting to Russia.
During the session of Agriculture and Fisheries Council, Minister of Agriculture Virginija Baltraitiene met with Karmenu Vella, European Commissioner for Environment, Maritime Affairs and Fisheries. The two discussed the situation of Lithuanian fishing vessel Juru Vilkas, which is still stranded in the port of Murmansk after it was detained by Russia, reports LETA/ELTA.
On 14 and 15 December, political consultations between Latvia and Russia took place in Moscow. Andrejs Pildegovics, the State Secretary of the Latvian Foreign Ministry, met with the First Deputy Foreign Minister of the Russian Federation, Vladimir Titov, and representatives from the Committee on International Affairs of the State Duma of the Russian Federation and the Council of the Federation Committee on Foreign Affairs.
Saeima Speaker Inara Murniece (VL-TB/LNNK) considers Russia an "aggressor country", therefore she is not planning on meeting with Russian Ambassador to Latvia Alexander Veshnyakov, reports LETA.