International Internet Magazine. Baltic States news & analytics
Monday, 24.11.2014, 14:12
Lithuanian President Dalia Grybauskaite met with President Petro Poroshenko of Ukraine in Kyiv. The Presidents co-chaired the seventh session of the Council of Presidents of the Republic of Lithuania and Ukraine. They discussed concrete measures Lithuania could offer Ukraine to help implement the necessary reforms and ensure its national and regional security, reports BC press service of Lithuanian president.
Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Investments, Legislation, Lithuania, Ukraine
On 19 November, the Supreme Court of the Republic of Lithuania adopted decision by cassation in cases regarding the legal obligation of the state of buyout of the shares of the expired legal entity AB Lietuvos Elektrine of the minority shareholders and the correct pricing of these shares, informs LETA/ELTA.
Estonian Foreign Minister Keit Pentus-Rosimannus discussed the current security situation with Finnish Foreign Minister Erkki Tuomioja and Chairman of the Parliamentary Foreign Affairs Committee Timo Soini during her visit to Finland on Friday, reported BC the foreign ministry press department.
Lithuanian Energy Minister Rokas Masiulis, who on 19-21 November took part at the Atlantic Council Energy and Economic Summit in Istanbul, presented Lithuania's energy achievements to United States Secretary of Energy, Dr. Ernest Moniz, cites LETA/ELTA.
The interim financial result for joint-stock Latvijas Kugnieciba (Latvian Shipping Company, LK) and its subsidiaries (LSC Group) for the nine months of 2014 resulted in a net loss of USD 14.17 million, which is USD 10.47 million less compared to the respective period in 2013, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange, cites LETA.
The Estonian Ministry of Environment is investing nearly 60 million euros over five years in the environmental pollution fight capacity, LETA/Public Broadcasting reports.
Completing Europe: from the North-South Corridor to energy, transportation and telecommunications union
Economic growth and energy security are the backbones of the European Union’s resilience, but are both the weak spots in the chainmail of Europe. This challenge should be addressed by the creation of an integrated set of energy, transportation, and digital links, a North-South Corridor spanning across Central Europe, linking the Baltic to the Adriatic and Black Seas.
The prosecutor in charge of the so-called Daugavpils siltumtikli affair has brought charges against six persons for bribery, abuse of authority, and fraud.
The final natural gas price for heat producers (those buying from the new company Lietuvos Duju Tiekimas, owned by Lietuvos Energija Group, and from LITGAS) in 2015 will be by 6-7% or by LTL 100 (EUR 29) / 1,000 cubic metres cheaper than this year, the Ministry of Energy says, cites LETA/ELTA.
The average electricity price was 40.22 EUR per MWh in October in the Nordic electricity bourse Nord Pool Spot (NPS) Estonian price region, by 6.4% lower than in September, LETA/Postimees Online reports.
Minister of Energy in Lithuania Rokas Masiulis welcomed the participants of the Baltic Energy Forum 2014. He emphasized that the Liquefied Natural Gas (LNG) terminal will change the rules that the energy market operates under, writes LETA/ELTA.
Indrek Kuivallik, the owner of wind farm developer Winergy, has filed a claim against the state Latvia, as Winergy legal advisor Julija Brice informed LETA.
At its Thursday session, the Estonian government decided to reduce dividends paid in 2014 by the state-owned energy giant Eesti Energia by 20 million euros to 93.6 million euros, LETA/Postimees Online reports.
Lithuania's Deputy Minister of Foreign Affairs Rolandas Krisciunas took part in the EU's General Affairs Council meeting, which continued a debate on a strategic agenda for the European Union and discussed one of its pillars – the creation of an Energy Union, reported BC the ministry.
After the Estonian and Finnish prime ministers concluded an agreement on liquefied natural gas (LNG) this week, the best location for the Estonian regional LNG terminal in the changed situation now is the port of Muuga, announced oil products' transit and storage company, Dutch firm Royal Vopak's Estonian subsidiary Vopak E.O.S., LETA/Postimees Online reports.