International Internet Magazine. Baltic States news & analytics
Tuesday, 01.09.2015, 10:57
Regardless of the comparatively-good economic growth data for the second quarter of 2015, Nordea bank has reduced Latvia's economic growth forecast for this year to 2.2%, cites LETA.
Keyword tags: Analytics, Baltic States – CIS, Economics, GDP, Latvia, Markets and Companies
On August 28th, in the Latvian town of Salacgriva, a discussion entitled “European and Eastern Partnership” took place, during which Foreign Minister Rinkevics (Unity) said that despite all the problems the European Union faces and has to solve, including in the areas of migration and security in the southern neighborhood, as well as the combat of terrorism, it is just as important that the EU remain actively involved in development and implementation of the Eastern Partnership policy, writes LETA.
The Register of Enterprises has decided not to enter the Russian state-owned information agency Russia Today in the list of representations registered in Latvia, the Register of Enterprises told LETA.
During a special press conference on August 27th, Riga Mayor Nils Usakovs (Harmony) said that approximately 60,000 to 70,000 foreign guests are expected to arrive in Riga for this year's European Men's Basketball Championships (EuroBasket 2015), reports LETA.
With about 70,000 fans expected to converge on Riga from abroad for the European Championship ("EuroBasket" 2015), the Latvian beer giant Aldaris is gearing up for the event with special set-ups in a number of host bars in Old Town and downtown, and a cordoned-off zone at the Freedom Monument, reports LETA.
Interior Minister Rihards Kozlovskis (Unity) told Latvian Radio today that Latvia too could build a fence in some areas bordering Russia, reports LETA.
By comparing data available from two Russian funds and annual reports of Baltic non-governmental organizations, the Baltic investigative journalism center "Re:Baltica" has found more than forty organizations in the Baltic countries through which at least EUR 1.5 million has been channeled into the Baltic NGO sector from Russia during the past three years, cites LETA.
Lithuanian Minister of Economy, Evaldas Gustas, presented to the Government accomplishments in business promotion and mitigation of the Russian embargo. He said that implemented measures have given results, informs LETA/ELTA.
There is no more concern that Russia could reduce rail transit volumes to Latvia, Transport Minister Anrijs Matiss (Unity) told Latvian Radio today, reports LETA.
The Police and Border Guard Board are planning to build a boundary fence that is 2.5 metres high on a little more than 100 kilometres of land border between Estonia and Russia, writes LETA/Postimees.
Swedish logistics company Green Cargo may soon join Lithuanian Railway's container train project Viking. Moreover, details are being harmonised with Finnish company Steveco regarding test runs with Viking to Turkey, reports LETA/ELTA.
Energy experts say that the model applied to consumers by state enterprise Lietuvos Duju Tiekimas for recovery of overpayments for gas, which accumulated from January 2013 through April 2014, is faulty. Energy experts arrived to the conclusion after calculating that Lietuvos Duju Tiekimas, company engaged in gas import and sales, returned in January-July 2015 only EUR 2.5 million of the EUR 34 million of overpayments, reports LETA/ELTA.
On August 24th, Latvian Foreign Minister Edgars Rinkevics met with Pieter Jan Langenberg, the new Ambassador from the Netherlands to Latvia, LETA was informed by the Foreign Ministry.
The average electricity price in the Nord Pool Spot Lithuanian bidding area on 17-23 August was EUR 45.54/MWh. Compared with the previous week, the price fell by 12%, informs LETA/ELTA.
EU High Representative for Foreign Affairs and Security policy Federica Mogherini visited Estonia on Monday, and during her visit, she stated that the only role the EU can take to achieve Eston Kohver's release from Russia is a supporting one, writes LETA/Postimees Online.