International Internet Magazine. Baltic States news & analytics
Saturday, 20.12.2014, 07:49
According to preliminary data of Statistics Lithuania, in 2013 expenditure on health care totalled LTL 7.8 billion (EUR 2.3 billion). Compared with 2012 it increased by LTL 266 million (EUR 77 million) or 4%, whereas compared with 2011 it increased by 7%, reports LETA/ELTA
Keyword tags: Analytics, Financial Services, Lithuania, Markets and Companies, Medicine
The European Commission has confirmed its opinion on the updated draft budgetary plan of Latvia for 2015, the Finance Ministry informed the press representatives, cites LETA.
On the basis of the Constitution, and having regard to the decree of the President of the Republic of Lithuania Dalia Grybauskaite, the Seimas has ratified the Treaty establishing the European Stability Mechanism signed by the euro area countries in Brussels in 2012 and amended in 2014, and the documents relating thereto. This Law received 82 votes in favour, with 1 vote against and 1 abstention, reported LETA/ELTA, referring to the Office of the Seimas.
At the European Council meeting in Brussels, President Dalia Grybauskaite together with other EU leaders discussed topical external policy issues and the situation in Ukraine, reported BC presidential press service.
Eesti Raudtee (Estonian Railways Co) 2015 net loss will reach EUR 9 million, according to the budget approved by the company's council, LETA/Public Broadcasting reports.
The fall of the Russian rouble is cause for concern for more than 3,000 pensioners living in Estonia who are paid pensions from the Russian Federation state budget, since the fall of the rouble means reduction in real income, LETA/Postimees writes.
State institutions have implemented at least 85% of solutions suggested by the State Audit Office in Latvia, yet a number of institutions are still reluctant to change anything, reports LETA.
Lithuanian economy has reached a stage of development where moderate GDP growth cannot be taken for granted and certain, SEB's analysts say in their latest Lithuanian Macroeconomy Review, reports LETA/ELTA.
There has been a sharp decline in Russian demand for Christmas and New Year holidays in 2014 in Latvia, and some tourism operators have even seen a 70% drop in the number of clients from Russia, according to tourism operators questioned by LETA.
Russian President Vladimir Putin said on Thursday he was confident in the country's current economic situation as he had the "insurance policy" represented by the state's right macroeconomic course of action and reserve funds for the fulfilment of social obligations, reports LETA/ELTA, referring to TASS.
The Supreme Court in Latvia has upheld a 2011 decision by the Competition Council to fine 22 Latvian commercial banks for running a cartel, LETA was informed by the Competition Council.
Estonian state-owned port operator AS Tallinna Sadam (Port of Tallinn) Council approved the company's 2015 budget, according to which the expected operating income will be 111 million and net profit of 41.3 million euros, LETA/Public Broadcasting reports.
Latvian Saeima passed amendments to the Insolvency Law in the final reading today, stipulating that the amendments will come into force on March 1, 2015, reports LETA.
Saeima in Latvia approved in the final reading on Wednesday amendments to the 2015-2017 medium-term budget framework, stipulating a reduction in budget deficit for the coming years, reports LETA.
Liepaja metallurgical company Liepajas metalurgs will not resume production in 2014 after all, the Latvian Television show "Panorama" reported last night, cites LETA.