International Internet Magazine. Baltic States news & analytics
Monday, 18.01.2021, 21:47
The European Commission's Vice President Valdis Dombrovskis (New Unity) has been chosen to also become the European Union's new trade commissioner, EU Commission President Ursula von der Leyen announced on Tuesday, September 8th, informs LETA.
Keyword tags: Business in Europe, Covid-19, EU – Baltic States, Latvia, Legislation, Markets and Companies
An increase in the European Union (EU) budget for the next two to three years would not only help countries "warm up their economies", but also increase the solvency of entrepreneurs, increase turnover and thus reduce rising unemployment, European Parliament Member Ivars Ijabs (For Development) believes, cites LETA.
Only 2-3% of the financial managers of large businesses in the Baltic countries consider cyber risks an important problem, despite listing digitalization, automation and innovation among the main objectives for their company for next year, it appears from a poll taken among the CFOs of large Baltc companies by SEB, cities LETA/BNS.
In the second quarter of 2018, the business investment rate was 23.0% in the euro area, stable compared with the previous quarter. These data come from a first release of seasonally adjusted quarterly European sector accounts from Eurostat, the statistical office of the European Union, and the European Central Bank (ECB).
Lithuania's non-financial companies posted over 3 bln euros in aggregate pretax profits for the first half of 2018, a rise of 0.7% on the same time last year, informs LETA/BNS referring to the Statistics Lithuania.
IT firms and foreign investors welcome the Lithuanian Economy Ministry's proposal to allow registering a company without a physical address, saying that this will help position Lithuania as a competitive country that creates modern business conditions, cities LETA/BNS.
All companies registered in Estonia are required to inform the commercial register about their beneficial owners starting on Saturday, September 1, 2018.