Direct Speech

International Internet Magazine. Baltic States news & analytics Thursday, 29.06.2017, 13:35

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Helsinki and Tallinn – happy siblings of the Baltic Sea

Helsinki and Tallinn – happy siblings of the Baltic Sea

28.06.2017

The development of Helsinki–Tallinn cooperation has long been a subject of study in official working groups. But in practice, people have already voted with their feet: the cities are already one extensive urban area. In 2016, the Gulf of Finland was crossed almost 9 mln times. Breakfast in Helsinki and lunch in Tallinn. Shopping in both. Museum visits. Such is everyday life in an extensive urban cluster - cheerful cultural relations.

Keyword tags: Analytics, Cooperation, Direct Speech, Economics, Estonia, EU – Baltic States, Transport



Watchdog disappointed with the state of Latvian banks' internal control systems

Watchdog disappointed with the state of Latvian banks' internal control systems

27.06.2017

The state of Latvian banks’ internal control systems has proved disappointing in previous years, Peteris Putnins, chairman of the Financial and Capital Market Commission (FCMC), told journalists today as he commented the fining of three Latvian banks for their involvement in circumventing sanctions against North Korea.

Kyrgyzstan Humiliates Latvia. Minister Rinkevic adopts a wait-and-see approach...

Kyrgyzstan Humiliates Latvia. Minister Rinkevic adopts a wait-and-see approach...

26.06.2017

In May, the news came from Kyrgyzstan stating that four Latvian citizens were sentenced to 20 years each in prison. Such a tough punishment was also determined for Valeri Belokon. It should be immediately emphasized that the Latvian citizens are not actually imprisoned. The court issued the default judgment (a judgment given in default of appearance in a civil action linked to criminal proceedings). What this all is about? And how does this story has emerged?


DONBASS: Humanitarian crisis in silence. Since 2014 until now.

DONBASS: Humanitarian crisis in silence. Since 2014 until now.

20.06.2017

Late autumn 2014 we met with Alexander Hug, principal deputy of the OSCE observation mission in Ukraine for the first time. It was Brussels, the European Parliament and the hearing on the future of Minsk Agreements held there. Now we are again together. This time in Helsinki talking about the future of Minsk Agreements.

U.S. engagement in the Baltic Region

U.S. engagement in the Baltic Region

15.06.2017

When Estonia, Latvia, Lithuania and Poland requested and received U.S. and NATO military support following Russia’s invasion of Ukraine in 2014, it garnered massive attention – and rightly so. The measured response to Russian aggression, which supplemented on-going training, exercises, and Baltic Air Policing, demonstrated U.S. commitment to the region’s security and stability, and helped to ease the increasing anxiety resulting from Russia’s actions. As important as this was, defense cooperation is but one facet of U.S. engagement in the Baltic region. Equally important are the commercial, scientific, education, and other ties that round out one of the most dynamic sets of relations the United States has anywhere in the world.


15.06.2017

Vitas Vasiliauskas: Financial system stable, yet challenges are on the horizon

The country’s banking sector operates profitably and is resilient to potential shocks. Lithuania’s lending growth is one of the highest in Europe and, if the real estate (RE) market and credit growth rates remain at present levels or increase further, risk to stability may increase over the next few years.

15.06.2017

Inflation in Latvia down for the first time in nine months

As expected, annual inflation rate decreased in May (to 2.8%). This was the first decrease in nine months. In the coming months, inflation will be positively affected by a gradual appreciation of services and negatively by oil price dynamics.

13.06.2017

The Saeima Human Rights and Social Affairs Committee chairman on the verdict of Kyrgyzstan to a citizens of Latvia

On 12 May 2017, in Kyrgyzstan, without giving a prior notice to the attorneys, a confidential court hearing was called and during a few hours, the judgment was issued in absentia and conviction was handed down against the following citizens of the Republic of Latvia - the former shareholder of Manas Bank Valeri Belokon and former executives of Manas Bank Jevgenijs Verbickis, Anita Lase and Yuri Kachnov. They were sentenced to serve 20-years custodial service, and property forfeiture (confiscation) was ordered.

12.06.2017

Belarus – EU: reliable neighbourhood turning stable partnership

Since gaining sovereignty and independence a quarter of the century ago Belarus has made wide strides in its political, social and economic development against very heavy internal and external odds.

09.06.2017

Inflation in Estonia picked up a little in May

he immediate impact of the higher oil price on consumer prices has eased. Faster GDP growth will encourage inflation this year in Estonia and in the other countries of the euro area. Inflation will remain high until the end of the year

09.06.2017

SIA Gelato Italia owner: Is this the way foreign investors are welcomed?

Two days ago a delegate of the Latvian language office came to Gelato Italia. I got a fine for not speaking Latvian.

02.06.2017

Economic Growth Gathers Momentum

Economic growth in Latvia is gathering momentum, and in the first quarter gross domestic product (GDP) grew by 4% year-on-year (at constant prices; according to both seasonally adjusted and unadjusted data). Consequently, Latvia is presently recording the fastest pace of growth over last five years.

02.06.2017

Lithuanian households spend less income for loan repayment

In 2016, banks and other lending institutions granted almost 400 thousand new loans. Even though borrowing is picking up steam, resident loan burden is constantly reducing – they allocate an increasingly smaller share of income for loan repayment.

01.06.2017

14 percent of the Latvian population are not admitted to election

Speech at the plenary session of the European Parliament in Brussels about non-citizens who once again will not be able to vote in local government elections on June 3.

24.05.2017

Harsher requirements for buyers of farmlands to affect Latvia’s development

The bill adopted by the Saeima last week, providing for harsher state language requirements for foreigners who buy farmland in Latvia, will negatively affect Latvia’s further development, said Swedish Ambassador to Latvia Henrik Landerholm in an interview with LETA.

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