International Internet Magazine. Baltic States news & analytics
Saturday, 08.03.2014, 16:19
In opinion of Mr. Aigars Šmits, Chairman of the Board of Directors of ARCO REAL ESTATE, the draft law prepared by the Ministry of Economics stipulating provision of support to young families, who want to purchase a home, would not be an effective way to help people. In contrast, an increase of the number of municipal apartments for rent and offering the apartments for long-term rent would give real benefits, says Mr. A. Šmits.
Keyword tags: Direct Speech, Investments, Latvia, Legislation, Real Estate, Society
The President of Russia Vladimir Putin met with media representatives to answer a number of their questions, in particular with regard to the situation in Ukraine, informs kremlin.ru.
Reckless increase in minimum monthly wage (MMA) does not determine increase in average monthly earnings in Lithuania; therefore, it may cause severe economic consequences, says Gitanas Nauseda, Advisor to the president of SEB Bank, cites LETA/ELTA.
After the de facto ousting of the what now has to be called ex-President of Ukraine Viktor Yanukovitch, the political situation in Ukraine is far from clear. While former Prime Minister Yulia Tymoshenko, who was imprisoned by Yanukovitch, was released on 22 February – and of course immediately returned to the stage as a political heavyweight – it remains to be seen how the situation will develop.
Gregory Pomerantsev is a commercial director of one of the largest Russian airports Tolmachevo (Novosibirsk) and the member of World Trends Forum, which will take place in Riga from April 9 to 12, 2014. He talks about his vision of the air transport, the Siberian tourism and advises always to check intuition by logic.
Hjörtur Smárason is a specialist in place branding and the member at the World Trends Forum that will be held in Riga on April 9-12. He is telling about himself and his country Iceland.
Starting from the first of July 2013 Lithuania was holding the rotating presidency of the EU Council for the first time in Lithuanian history. It was also for the first time in EU history that a country, Lithuania in this case, was holding this Presidency of the enlarged EU of 28 states.
The Cabinet of Ministers of the Republic of Uzbekistan convened for an extended session on January 17 to review the socio-economic development in the country in 2013 and work out crucial priorities of the economic program for the year 2014, reported BC Uzbekistan Embassy in Riga.
The EU didn’t realise for years that the only motivation of Ukrainian President Viktor Yanukovych in pretending to negotiate an association agreement with the EU was to raise the price that Russia would have to pay to keep Ukraine in its strategic orbit. This EU blunder demands explanation, writes euractiv.com.
The Grant Thornton’s international business report “Women in senior management: setting the stage for growth”1, reflects that Latvia is TOP 3 female led country in the world by the number of women in the top management positions in business. It has the highest ranking among the post-Soviet Union countries (Georgia – 7th position; Russia – 11th; Armenia – 32nd).
Latvian-Russian relations can develop successfully if the Latvian government is interested in this, Carnegie Moscow Center Director Dmitry Trenin points out in an interview with LETA.
Robert J. Shiller visiting Lithuania: prevention of asset bubbles is the basis of financial stability
The global financial crisis showed that the real estate price bubbles could have dire consequences not only for banks, but for nations as well and, finally – for all tax payers. Therefore, restructuring is necessary, which would help block new bubbles, in the words of Robert J. Shiller, an economist, current Nobel Prize laureate, and Yale University professor of Lithuanian descent, writes LETA/ELTA, referring to the Bank of Lithuania.
These last months the Eastern partnership countries got worldwide attention. The reason for the increase of interest in these countries is due to a set of political events, decisions and actions that recently took place in that region. Before the Eastern Partnership Summit in Vilnius started, some Eastern partnership countries were facing a dilemma regarding the choice of their geopolitical future – a choice between the EU's model of integration and the Russian Eurasian course.
Address by the President of the Republic of Uzbekistan H.E. Mr. Islam Karimov at the Grand Ceremony Dedicated to the 21st Anniversary of Adoption of the Constitution of the Republic of Uzbekistan, given to BC by the Embassy of Uzbekistan in Latvia.
Commenting on the resignation of the Prime Minister of Latvia, Valdis Dombrovskis, the Chairman of the EPP Group, Joseph Daul MEP, said: