International Internet Magazine. Baltic States news & analytics
Wednesday, 14.10.2015, 07:00
The total volume of investments in commercial real estate in the Baltics exceeded EUR 574 million in 1HY 2015, compared to EUR 422 million in 1HY 2014. By the end of the year, record-breaking investment volume is expected, reports BC Nadezda Jezova, marketing coordinator from Colliers.
Keyword tags: EU – Baltic States, Forum, Good for Business, Investments, Latvia, Real Estate
Business in Latvia has found ways to adapt to the uneasy situation in the world; the results of 2014 are to be regarded as "positive zero", concluded experts of the conference "Business Strategy 2016".
The European Commission intends through public consultations identify key measures to re-launch Common Consolidated Corporate Tax Base (CCCTB). The CCCTB main focus is on facilitating EU and third-country businesses, primarily those active in more than one EU state. It would reduce administrative burden and compliance costs for business; besides, the CCCTB would function as an effective tool against aggressive tax planning.
Over the last 5 years, the business startup platform Commercialisation Reactor, in collaboration with scientists and entrepreneurs in Latvia, have created 30 innovative companies (startups), whose business is based on new technological solutions. A total of about 3 million has been invested into the new science companies of the Commercialisation Reactor in the first four years, but the last year investments were much larger – about 2 million euros, reports BC the press service of Commercialisation Reactor.
On 10-11 October 2015, the Latvian Foreign Minister Edgars Rinkevics took part in the 31st session of the Conference of Ministers of Foreign Affairs of the International Organization of La Francophonie (OIF) in Yerevan, Armenia, at which a Memorandum of Cooperation was signed between the OIF and 11 countries including Latvia, reports BC the Latvian MFA.
Vilnius and Astana, the capitals of Lithuania and Kazakhstan, should be connected by direct flights. Such mutual desire was expressed during a meeting between Minister of Transport and Communications of the Republic of Lithuania, Rimantas Sinkevicius, and Mayor of Astana, Adilbek Dzhaksybekov, the Ministry of Transport and Communications reports BC.
The team of Vilnius University (VU) students, the first team ever from the Baltic countries, represented Lithuania in the prestigious synthetic biology competition iGEM (International Genetically Engineered Machine competition) in Boston in September 2015, informs LETA/ELTA.
The non-banking sector's bodies have entered the retail payments market. They base their business models on technological innovations, bring new experiences to consumers and pose new questions to market regulators. This issue is addressed at the payments conference in Vilnius, which is organised by the Bank of Lithuania and Sveriges Riksbank (the Swedish central bank), the Bank of Lithuania reports LETA/ELTA.
During his visit to EXPO in Milan on October 6th, Prime Minister Taavi Rõivas said that the Estonian pavilion has been a very good platform to introduce Estonian design, culture, businesses and our IT success story to the world. So far, our pavilion has been among the most visited pavilions at the EXPO, reports BC governmental press service.
Lithuanian-Belarusian Transport Forum: logistic sector is very important to development of relations
At Lithuanian-Belarusian Transport Forum held on October 5th in Minsk, Minister of Transport and Communications of the Republic of Lithuania Rimantas Sinkevicius underlined that the transport sector is one of the key factors of the development of bilateral commercial and economic cooperation. In the first half of the year 2015, the volume of goods carried between Belarus and Lithuania amounted to 10.33 million tonnes or 12 percent more compared to the same period last year, informed BC the ministry.
Citing "vision and ambition in challenging traditions and presumptions in architectural Riga, in creating an object whose importance is 'national'", the 2015 Architecture Award winners are the architects, designers, contracting authorities and the construction companies for the much-debated Latvian National Library in Riga-Pardaugava, informs LETA.
Between 21st September and 2nd October 2015, Warsaw, Poland, hosted the Human Dimension Implementation Meeting (HDIM) of OSCE participating States. Bahtijors Hasans, the Ambassador of Latvia to the UN, OSCE and other international organisations, and Ambassador Aiga Liepiņa, the Director of the International Organisations and Human Rights Department at the Foreign Ministry headed the Latvian delegation at the HDIM, reported BC the Latvian MFA.
President Toomas Hendrik Ilves opened "Estonia ICT Day – Digitally Smart Solutions for Sustainable Development" on Friday at the World Bank; Estonian representatives of the private and public sectors introduced our e-solutions at the event, the President's Office reports BC.
The main results of X KAZENERGY Eurasian Forum (September 29 - October 1, Astana, Kazakhstan) have been summarized, according to it the resolution including primary recommendations on the further development of oil, gas and energy market in current conditions has been accepted.
The Baltic Assembly's (BA) Economics, Energy and Innovations Committee and the Natural Resources and Environment Committee have convened in Kaunas. The first topic of the meeting was the impact of Russia's embargo on the economics of the Baltic States, writes LETA/ELTA.