Economic History

International Internet Magazine. Baltic States news & analytics Tuesday, 27.06.2017, 22:18

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Kaziukas’ Fair in Vilnius surprise – unprecedented €1.5

Kaziukas’ Fair in Vilnius surprise – unprecedented €1.5

03.03.2017

On 3 March, the first day of the traditional Kaziukas’ Fair in Vilnius, the Bank of Lithuania will issue into circulation collector coins dedicated to the Fair. Both coins will have the same design, but different denominations: a €1.5 coin from copper and nickel alloy (mintage – 25,000 pcs), and a €5 coloured silver coin (mintage – 2,000 pcs). The €1.5will be sold for €2 at Kaziukas’ Fair, the Bank of Lithuania announced.

Keyword tags: Banks, Economic History, Financial Services, Lithuania



Infortar offered EUR 5.4 mln for Arsenal plot at peak of boom

Infortar offered EUR 5.4 mln for Arsenal plot at peak of boom

30.01.2017

he investment holding Infortar, majority owner of the listed Estonian shipper Tallink Grupp, was prepared to pay 80 mln Estonian kroons or approximately 5.4 mln euros in 2007 for the plot of the recently opened Arsenal shopping center in Tallinn which was sold for 1.5 mln euros five years later, Eesti Paevaleht writes.

Long-time Freeport of Riga CEO Loginovs steps down

Long-time Freeport of Riga CEO Loginovs steps down

25.01.2017

The long-time and controversial CEO of the Freeport of Riga Leonids Loginovs, whose name has been mentioned in various scandals over the years, has stepped down, Mareks Gailitis, the advisor the port's board chairman Andris Ameriks, informed LETA today.


What will happen to retirement economy in the Baltic States

What will happen to retirement economy in the Baltic States

19.01.2017

The new term "retirement economy", as no other one, characterises realities not only of the modern labour market, but also of the world economy. The adverse demographic situation in the Baltic States allow speaking about the inability of the present retirement system for future pensioners. Besides low birth rate it is necessary to mention substantial out-migration of able-bodied population to other countries with good working opportunities. The adverse demographic situation and labour migration are the basis of pessimism and non-confidence of the population, especially of the youth, in the state retirement system.

Estonian justmin convenes committee for calculating occupation damage

Estonian justmin convenes committee for calculating occupation damage

30.12.2016

Estonian Justice Minister Urmas Reinsalu has convened a committee, the aim of which is to take the next step in calculating occupation damage, reports LETA/BNS.


22.12.2016

Minister set to declare Linnamae hydro power plant cultural monument

Estonia's Minister of Culture Indrek Saar intends to declare the dam of the Linnamae hydroelectric power plant on Jagala River in North Estonia a cultural monument, reports LETA/BNS.

21.09.2016

Climate Action in Support of a Sustainable World

Executive Secretary of the the United Nations Framework Convention on Climate Change (UNFCCC) Patricia Espinosa in her article in Huffington Post, underlined the urgency of states’ actions in climate actions and sustainability. The current rate of progress will only deliver success through every one’s extensive sustainability efforts…

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