Direct Speech

International Internet Magazine. Baltic States news & analytics Tuesday, 14.08.2018, 11:31

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Ambitious plans for the Port of Riga

Ambitious plans for the Port of Riga

09.08.2018

Current transit sector trends promise a good year, Ansis Zeltiņš, Freeport of Riga CEO who has just completed his first full year as the head of the Port, said in an interview with Diena newspaper.

Keyword tags: Cargo, Direct Speech, Latvia, Logistics, Port, Transport



Inflation was affected substantially in July by higher prices for motor fuels and electricity in Estonia

Inflation was affected substantially in July by higher prices for motor fuels and electricity in Estonia

09.08.2018

Inflation slowed to 3.5% in July. Prices continued to rise rapidly for alcohol even without the effect of higher excise. Seasonal discounts for manufactured goods offset higher prices for services. Unfavourable weather means prices for grain and vegetables may rise in Europe in the winter

A closer look at the Trump and Juncker agreement

A closer look at the Trump and Juncker agreement

08.08.2018

Last week, in an effort to prevent a possible trade war over U.S. steel and aluminum tariffs, the President of the European Commission (EC) Jean-Claude Juncker met in Washington with U.S. President Donald Trump. They struck an agreement about Europe buying more U.S. LNG. But as noted by many analysts, neither side can really make this happen.


Payments to become even simpler and faster in Lithuania

Payments to become even simpler and faster in Lithuania

03.08.2018

Payments to become even simpler and faster in Lithuania

The construction sector gives momentum to economic growth in the second quarter

The construction sector gives momentum to economic growth in the second quarter

03.08.2018

n the second quarter of 2018, the pace of Latvia's economic growth lagged behind that observed at the beginning of the year. This is no surprise given the problems faced by the financial sector and a slowdown in euro area growth. Nevertheless, Latvia's economic growth remains strong and even slightly exceeds expectations, mostly on account of the performance of the construction sector.


06.07.2018

EU Gas Import Infrastructure – why more is good for both suppliers and consumers – Part II

In my previous article (EU Gas Import Infrastructure – why more is good and why looking at annual utilisation figures alone is wrong) I explained why looking at annual utilisation figures was misleading when looking at usage of import infrastructure, and whether Europe needs more gas import infrastructure. In this article, I will explain why the argument that Europe already has enough import infrastructure is wrong from a market economics standpoint.

06.07.2018

EU Gas Import Infrastructure – why more is good and why looking at annual utilisation figures alone is wrong - Part I

Over the past year I have been surprised at the discussion regarding gas import infrastructure to the EU. Many have argued that Europe does not need more import pipelines. The arguments often take the following form: current pipelines are not full when looking at annual utilisation figures, and in any case there is plenty of spare LNG import capacity. Both arguments ignore gas market fundamentals, namely the difference between annual average demand and peak day demand on the one hand, and how competitive gas markets work on the other. Below I explain why.

04.07.2018

Elena Lukyanova: language amendments in the law violate the rights of Latvian higher institution owners

Dr. Elena Lukyanova (Law), Director of Institute of Law Enforcement Effectiveness Monitoring, Professor of the Justice Department, NRU, a well-known international expert in the protection of rights and freedoms, who specialises in the Latvian situation, has sent a letter concerning language amendments to the Law on Higher Education Institutions to Mr. Raimonds Vējonis), President of the Latvian Republic. The renowned expert in the field of justice points out the consequences of these amendments that cause damage to property, contrary to the international documents. BK publishes the uncensored text of the address below.

03.07.2018

The more gas pipelines the better for Europe

Over the last 10 years the European gas market has seen huge changes. Thanks to rules introduced by the EU, competition between gas suppliers and security of supply have improved enormously, benefitting European consumers.

18.06.2018

New opportunities and trends in Nordic cooperation

Northern Europe is known for its open knowledge societies and innovative economies. Here in the north, the Baltic Sea region, the Nordic countries and the European Arctic overlap, and Finland is integral to each one. We are all Arctic, all Nordic and we hold a particularly central position in the Baltic Sea region. Over 40% of Finland’s foreign trade is with countries around the Baltic Sea, and Sweden and Denmark by themselves account for a similar, high proportion of all foreign direct investment in Finland.

15.06.2018

Finesse with competition on gas market

The laws govern the rights, duties and liability within the issuing country. They are binding for all parties implementing their rights or duties in the particular country and such parties are also subject to liability specified there. Consequently, a party is responsible for its activities in the territory of the particular country in accordance with legal regulation of such country.

17.05.2018

Expert: Japan, EU have similar global role

Japan and the European Union share a lot of common features as global civilian powers, Tomonori Yoshizaki, departmental director at Japan's National Institute for Defense Studies (NIDS), says, cites LETA/BNS.

09.05.2018

Rietumu Bank’s Chairman Fuls: our motto is “Play by the rules”

Latvian newspapers «Dienas bizness» and «Segodna» («Сегодня») have published an interview with Rietumu Bank’s Chairman of the Board Rolf Fuls.

07.05.2018

Who’s afraid of Russian gas?

Russian energy has divided the transatlantic alliance for over 60 years. Tensions normally just simmer, but they flare up when a new project is proposed, especially after a political crisis. In the 1960s, it was the prospect of increased Soviet oil exports following the Cuban missile crisis. In the 1980s, it was more Soviet gas for Western Europe after the Soviet Union had invaded Afghanistan and martial law had been declared in Poland. Today, it is the proposed Nord Stream 2 gas pipeline after Russia’s annexation of Crimea and its war against Ukraine (among other actions).

02.05.2018

Philosophy and science: different reasons and purposes

In contrast to Ancient India, Egypt and Mesopotamia, Ancient Greece was moving along the path toward the development of a new type of civil political community. More or less equal social interaction and confrontation of different points of view in the Greece of the VI - V. c. B.C. lead to the creation of a new type of intellectual culture which became the keystone of European culture – the ability of reflexive thinking, which implies the capacity to ask questions about the content and meaning of one’s activity and the awareness of personal authorship.

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