International Internet Magazine. Baltic States news & analytics
Friday, 19.09.2014, 18:48
The European Parliament (EP) welcomes the ratification of the Association Agreement with Ukraine and steps being taken to restore peace in Ukraine, at the same time condemning the Russian Federation for waging an undeclared "hybrid war" against Ukraine, urging the European Union member states to cancel planned agreements with Russia in the energy sector and to support farmers affected by Russia's food embargo, as Marta Ribele, acting head of the EP Information Office in Latvia, informed LETA.
Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Financial Services, Legislation, Markets and Companies, Russia
On 18 September in Vilnius, Minister of Foreign Affairs of Lithuania Linas Linkevicius and new Ambassador of Spain to Lithuania Emilio Fernandez-Castano y Diaz-Caneja discussed partnership within international organisations, economic cooperation, and issues relating to the EU internal energy market, reported BC the Ministry of Foreign Affairs.
Blind stubbornness of the authorities has gone over the top as in the light of the current geopolitical crisis the Construction Inspectorate is demanding to destroy a newly built biofuel plant in Vilnius when Lithuania is facing an energy blockade from Russia and the heating season is about to begin, reports LETA/ELTA, referring to Lietuvos rytas.
Saeima passed amendments to the Electricity Market Law in the final reading today, the amendments stipulate mechanisms to compensate low-income earners, needy residents, and large families for electricity price growth, reports LETA.
Estonian chemical industry Viru Keemia Grupp (VKG) successfully launched its Petroter II plant, which is already running at full capacity for two weeks, LETA/Postimees Online reports.
Natural gas supply and trade company Litgas signed an agreement with bank Swedbank on Wednesday over a LTL 287.73 million (EUR 83.3 million) credit line, reports LETA/ELTA.
Estonian state-owned foundation Environmental Investments Centre (EIC) supports from European Union funds the necessary preliminary studies for reorganising the Paldiski nuclear object with EUR 2,116,000, LETA/Public Broadcasting reports.
Prime Minister of Lithuania Algirdas Butkevicius is positive that draft laws prepared by the Ministry of Environment over taxation of shale gas exploration and extraction will meet no hurdles and will be adopted, reports LETA/ELTA.
In case of natural gas supply disruptions from Russia, Lithuania's natural gas stocks for small volume household users would last for about a month, says Dalius Misiunas, head of the state-controlled energy company Lietuvos Energija, cites LETA/ELTA.
New European Union sanctions targeting Russian oil firms, defense companies and banks over the crisis in Ukraine entered into force on Friday, September 12th, informed LETA, referring to AFP/DPA.
Foreign Minister of Lithuania Linas Linkevicius met with newly appointed Norwegian Ambassador to Lithuania Dag Malmer Halvorsen in Vilnius on 9 September and discussed bilateral issues, as well as international agenda, informs LETA/ELTA the Ministry of Foreign Affairs.
In early September 2014, the retail price for 95 octane gas in Latvia was EUR 1,279.25 per 1,000 liters – the third lowest price in the European Union, according to the European Commission's data on fuel prices in the EU, cites LETA. Estonia had the second lowest price.
For the time being, Israel may consider exporting natural gas only to Southern Europe, while the possibility of importing it to Lithuania is not yet on the table, said Israel's Foreign Minister Avigdor Lieberman during his working visit to Lithuania, informs LETA/ELTA.
Hamburg-based maker of wind turbines Nordex SE has won a contract to supply a 24-megawatt power-plant project in Lithuania, reports LETA/ELTA, referring to Bloomberg.
The European Union (EU) has agreed on new sanctions against Russia but is waiting a "few days" before implementing them, EU President Herman Van Rompuy said on Monday, informs LETA, referring to DPA/AFP.