The Baltic Course | Baltic States news & analytics http://www.baltic-course.com/eng/ The Baltic Course - International Internet Magazine. Baltic States News & Analysis, Baltic market reviews eng Wed, 20 Jun 2018 22:09:14 +0300 Baltic Course, The baltic-course@baltic-course.com dmitrijs@mansbirojs.lv In 2017, amount of electricity produced in hydro and wind power plants in Latvia up by 70.5% http://www.baltic-course.com/eng/good_for_business/?doc=140885 Data of the Central Statistical Bureau (CSB) show that, in 2017 gross energy consumption1 in Latvia comprised 194.9 petajoules (PJ), which is 5.5% more than in 2016. Over the past five years (from 2013 to 2017), the gross energy consumption has not changed significantly, however the share of renewables has increased by 2.55 percentage points. Wed, 20 Jun 2018 18:00:00 +0300 1529506800 Investment into electronic communications infrastructure grew 16% in Lithuania in Q1 http://www.baltic-course.com/eng/good_for_business/?doc=140888 Revenue of Lithuania's electronic communications market stood at 167.9 million euros in the first quarter of 2018, up 1.6% from 165.28 million euros in the same period last year, figures from the Communications Regulatory Authority show, cites LETA/BNS. Wed, 20 Jun 2018 18:00:00 +0300 1529506800 Brexit sparks Irish businessmen's interest in Lithuanian market http://www.baltic-course.com/eng/markets_and_companies/?doc=140887 Irish businessmen concerned about the upcoming Brexit are becoming more and more interested in the Lithuanian market, informs LETA/BNS. Wed, 20 Jun 2018 17:00:00 +0300 1529503200 Lithuanian travelers spent EUR 186.5 mln abroad in Q1 http://www.baltic-course.com/eng/analytics/?doc=140886 Lithuanian tourists spent 186.5 million euros abroad in the first quarter of 2018, up 10.7% year-on-year, the latest figures from the Statistics Lithuania have revealed, cites LETA/BNS. Wed, 20 Jun 2018 16:00:00 +0300 1529499600 Ireland seeking closer ties with Nordic, Baltic countries http://www.baltic-course.com/eng/baltic_states/?doc=140881 As the United Kingdom is set to leave the European Union, Ireland is seeking closer ties with the Baltic and Nordic states, Irish President Michael D. Higgins said in Vilnius on June 19th, informs LETA/BNS. Wed, 20 Jun 2018 14:30:00 +0300 1529494200 Cargo transportation volume up 16.3% in Lithuania in Q1 http://www.baltic-course.com/eng/good_for_business/?doc=140879 The volume of goods transported in Lithuania by all means of transport rose to 35.7 million tons in the first quarter of 2018, up 16.3% from the same period last year, new figures from the Statistics Lithuania show, cites LETA/BNS. Wed, 20 Jun 2018 14:00:00 +0300 1529492400 Management, producers, foreign partner buying Lithuanian plant from Hochdorf http://www.baltic-course.com/eng/markets_and_companies/?doc=140880 Hochdorf Baltic Milk, a loss-making Lithuanian producer of milk protein, has been acquired from its Swiss owner Hochdorf Group by the company's management and several Lithuanian milk producers, and an undisclosed foreign investor is set to join in later, informs LETA/BNS. Wed, 20 Jun 2018 14:00:00 +0300 1529492400 Latvia awards funding to 7 development projects in EU's Eastern Partnership countries, Central Asia http://www.baltic-course.com/eng/baltic_states/?doc=140878 Following the assessment of project applications submitted to the grant competition "Support for development cooperation project in recipient countries selected by the Republic of Latvia", the Latvian Ministry of Foreign Affairs has awarded funding (grants) to seven development cooperation projects to be carried out in Central Asian countries – Kyrgyzstan and Uzbekistan – and the countries of the European Union's Eastern Partnership – Moldova, Georgia and Ukraine, informs LETA. Wed, 20 Jun 2018 13:30:00 +0300 1529490600 Saaremaa, Ventspils eyeing ferry link for summer http://www.baltic-course.com/eng/good_for_business/?doc=140869 Representatives of the Estonian island municipality of Saaremaa and the city of Ventspils, Latvia have decided to start searching for a suitable boat to operate a regular ferry service between them already next summer, regional newspaper Saarte Haal reported, cites LETA/BNS. Wed, 20 Jun 2018 12:00:00 +0300 1529485200 Persona non-grata list submitted by Russia includes several MPs, journalists from Latvia http://www.baltic-course.com/eng/legislation/?doc=140870 Several of those included on the persona non grata list submitted yesterday by Russia have revealed their inclusion on the list, and include MPs, journalists and other activists, according to their posts on social media, informs LETA. Wed, 20 Jun 2018 12:00:00 +0300 1529485200 Latvia and Peru agree to expand business, educational and science cooperation http://www.baltic-course.com/eng/markets_and_companies/?doc=140871 Latvia and Peru have agreed to expand business, educational and science cooperation, LETA was told at the Latvian Foreign Ministry. Wed, 20 Jun 2018 12:00:00 +0300 1529485200 Neste plans to expand its station network in Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=140866 Neste Lietuva, the Finnish-capital company operating a network of unmanned stations in Lithuania, plans to open three new stations in 2018, informs LETA/BNS. Wed, 20 Jun 2018 11:00:00 +0300 1529481600 Estonia's GDP per capita is 77% of EU average http://www.baltic-course.com/eng/analytics/?doc=140867 Estonia's gross domestic product (GDP) per capita expressed in purchasing power standards (PPS) last year made up 77% of the average European Union rate, compared to 75% in 2016, the indicator was lower in seven member states and the same as Estonia's in two other member states, cites LETA/BNS. Wed, 20 Jun 2018 11:00:00 +0300 1529481600 Low direct payments, reduced financing will be heavy blow on Latvia’s farming http://www.baltic-course.com/eng/markets_and_companies/?doc=140868 The very low level of direct area payments combined with a reduced financing for rural development for a second consecutive period will be a heavy blow on Latvia’s farming sector, said Latvian Agriculture Minister Janis Duklavs (Greens/Farmers) after the EU Agriculture and Fisheries Council meeting in Luxembourg on June 18, informs LETA. Wed, 20 Jun 2018 11:00:00 +0300 1529481600 Latvian MFA: Baltic Sea states must work together to reduce sea pollution http://www.baltic-course.com/eng/energy/?doc=140859 All members of the Council of the Baltic Sea States (CBSS) should agree on practical measures and seek an effective solution so as to reduce the catastrophic pollution of the Baltic Sea, Latvian Foreign Minister Edgars Rinkevics said during the meeting with the Swedish Foreign Minister, Margot Wallstrom, informs LETA. Tue, 19 Jun 2018 18:00:00 +0300 1529420400 Personal identification services company Veriff raises USD 7.7 mln http://www.baltic-course.com/eng/good_for_business/?doc=140858 Estonian personal identification services startup Veriff has raised 7.7 million dollars, with the leading investor being Mosaic Ventures, reports LETA/BNS. Tue, 19 Jun 2018 17:00:00 +0300 1529416800 Swiss institute: Latvia least competitive among Baltic states http://www.baltic-course.com/eng/analytics/?doc=140854 Also in 2018 Latvia ranked the 40th most competitive country in the world compared, and is still showing the lowest score among its Baltic neighbors, according to the annual World Competitiveness Ranking developed by the International Institute for Management Development (IMD) World Competitiveness Center in Switzerland, informs LETA. Tue, 19 Jun 2018 16:00:00 +0300 1529413200 Estonian research to get EUR 8 mln from EEA program http://www.baltic-course.com/eng/good_for_business/?doc=140851 A program agreement was signed between Estonia, Iceland, Liechtenstein and Norway on June 18th, according to which Estonia will utilize more than eight million euros' worth of support of the European Economic Area (EEA) Financial Mechanism Programme for carrying out research and higher education cooperation projects, reports LETA. Tue, 19 Jun 2018 15:00:00 +0300 1529409600 Latvian TransMin in China discussed cooperation in tourism and transport http://www.baltic-course.com/eng/transport/?doc=140855 The Latvian Transport Ministry’s representatives during their visit to China discussed mutual cooperation opportunities in tourism, transport and logistics, said ministry’s representative Ilze Greiskalna, cites LETA. Tue, 19 Jun 2018 15:00:00 +0300 1529409600 Base salary of police officers, border guards to rise to EUR 1,280 in Estonia http://www.baltic-course.com/eng/legislation/?doc=140849 Estonian Interior Minister Andres Anvelt and management of the Police and Border Guard Board agreed on the gross basic salary of patrol officers and border guards raising to at least 1,280 euros next year, to which bonuses would be added, for instance in East-Viru County the real salary of patrol officers would total 1,700 euros, informs LETA/BNS. Tue, 19 Jun 2018 14:00:00 +0300 1529406000 Latvian ports see cargo turnover fall 7.5% in January-May http://www.baltic-course.com/eng/transport/?doc=140850 In the first five months of 2018, all Latvian ports together handled 27.072 million tons of cargo, down 7.5% from the same period in 2017, writes LETA, according to the information released by the Transport Ministry. Tue, 19 Jun 2018 14:00:00 +0300 1529406000 VKG launched EUR 1.5 mln pipe conveyor in Estonia http://www.baltic-course.com/eng/good_for_business/?doc=140847 The northeast Estonian shale oil producing company Viru Keemia Grupp (VKG) in spring launched a 1.5 million euro Kiviter pipe conveyor, while previously, waste was transported from factories to the disposal area by cars, informs LETA/BNS. Tue, 19 Jun 2018 13:00:00 +0300 1529402400 Insolvency claim filed against Skonto Buve builder http://www.baltic-course.com/eng/real_estate/?doc=140848 An insolvency claim has been filed against Skonto Buve construction company with the Zemgale District Court in Latvia, writes LETA, according to the information published by the Insolvency Administration. Tue, 19 Jun 2018 13:00:00 +0300 1529402400 Estonia, Moldova to launch 10 new development cooperation projects http://www.baltic-course.com/eng/good_for_business/?doc=140833 Estonia intends to launch ten new projects in development cooperation with Moldova, in addition to the 18 joint projects already in progress, Estonian Prime Minister Juri Ratas said in the capital of Moldova on June 18th, informs LETA/BNS. Tue, 19 Jun 2018 12:00:00 +0300 1529398800 Estravel given permission to buy Mainor Meelis http://www.baltic-course.com/eng/tourism/?doc=140834 The Estonian travel agency Estravel has received permission from the Competition Authority to acquire the travel agency Mainor Meelis OU, informs LETA/BNS. Tue, 19 Jun 2018 12:00:00 +0300 1529398800 Bank of Latvia lowers GDP growth forecast for 2018 to 3.9% http://www.baltic-course.com/eng/analytics/?doc=140835 The Bank of Latvia has revised its forecast for Latvia's gross domestic product (GDP) growth in 2018 to 3.9% from the previous estimate of 4.1%, the central bank said in its latest Macroeconomic Development Report, cites LETA. Tue, 19 Jun 2018 12:00:00 +0300 1529398800 HKScan Estonia hires 44 summer workers http://www.baltic-course.com/eng/good_for_business/?doc=140829 HKScan Estonia, subsidiary of the Nordic food group HKScan, hired 44 summer employees at the Rakvere meatpacking plant to service the increased demand of the summer period, informs LETA/BNS. Tue, 19 Jun 2018 11:00:00 +0300 1529395200 Ireland’s experience might help Latvia to find way to return emigrated nationals http://www.baltic-course.com/eng/baltic_states/?doc=140832 Ireland’s experience might help Latvia to find a way to return the emigrated Latvians, said Latvian President Raimonds Vejonis after his meeting with Irish President Michael Higgins on June 18th, informs LETA. Tue, 19 Jun 2018 11:00:00 +0300 1529395200 2.3 mln illegal cigarettes seized at Riga port http://www.baltic-course.com/eng/transport/?doc=140831 In late May 2018, border guards discovered 2.3 million cigarettes and 960 liters of spirit in a truck that was boarding a ferry going to Stockholm from the Riga passenger port, the State Police reported LETA. Tue, 19 Jun 2018 11:00:00 +0300 1529395200 In 2017, gross inland fuel and energy consumption amounted to 7.67 mln tonnes of oil equivalent in Lithuania http://www.baltic-course.com/eng/analytics/?doc=140815 Statistics Lithuania informs that in 2017 gross inland fuel and energy consumption amounted to 7.67 million tonnes of oil equivalent and, against 2016, grew by 4.7%. Mon, 18 Jun 2018 18:00:00 +0300 1529334000 Kekava poultry farm starts supplying products in Sweden http://www.baltic-course.com/eng/good_for_business/?doc=140820 Kekava poultry farm has started delivering products to retail chains in Sweden, the company’s representatives reported LETA. Mon, 18 Jun 2018 18:00:00 +0300 1529334000 Top court leaves decision in force in one of Estonia's 1st private sector corruption cases http://www.baltic-course.com/eng/markets_and_companies/?doc=140819 Teet Jarvet, found guilty by a court in July 2017 of soliciting a bribe while serving as an owner supervision official in construction, lost also in the Estonian Supreme Court since the court announced on Monday that it left the decision of the circuit court unchanged, informs LETA/BNS. Mon, 18 Jun 2018 17:00:00 +0300 1529330400 Aeroflot to increase number of weekly Vilnius-Moscow flights http://www.baltic-course.com/eng/good_for_business/?doc=140816 Russia's largest airline company Aeroflot plans to increase the number of weekly flights between Vilnius and Moscow from two to three, state-run company Lithuanian Airports reports LETA/BNS. Mon, 18 Jun 2018 15:00:00 +0300 1529323200 Estonia leads among Baltics in World Press Freedom Index 2018 http://www.baltic-course.com/eng/analytics/?doc=140813 Lithuania ranks 36th in the annual World Press Freedom Index 2018, produced by Reporters Without Borders, unchanged from last year. Neighboring Latvia comes in 24th in the index, Estonia is 12th, reports LETA/BNS. Mon, 18 Jun 2018 14:00:00 +0300 1529319600 Strasbourg court awards compensation for stalling land restitution in Vilnius Region http://www.baltic-course.com/eng/real_estate/?doc=140814 The European Court of Human Rights has awarded thousands of euros to several Lithuanian citizens for stalling land restitution in Vilnius Region, reports LETA/BNS. Mon, 18 Jun 2018 14:00:00 +0300 1529319600 Zvaigzne ABC saw reduction in turnover and losses in 2017 http://www.baltic-course.com/eng/markets_and_companies/?doc=140810 The consolidated turnover of Latvian book publishing company Zvaigzne ABC reduced by 5.7% to EUR 12.39 million in 2017, writes LETA according to Firmas.lv. Mon, 18 Jun 2018 13:30:00 +0300 1529317800 Marijampoles Pieno Konservai exported to China for first time http://www.baltic-course.com/eng/good_for_business/?doc=140812 Marijampoles Pieno Konservai, one of the largest milk processing companies in Lithuania, exported to China for the first time in 2017, informs LETA/BNS. Mon, 18 Jun 2018 13:30:00 +0300 1529317800 Lido invests EUR 830,000 in renovation of Vermanitis self-service restaurant http://www.baltic-course.com/eng/good_for_business/?doc=140788 Vermanitis, a popular self-service restaurant of the Lido chain in the Riga center, reopened on June15th after a month-long renovation, informs LETA. Mon, 18 Jun 2018 12:00:00 +0300 1529312400 Latvian rural bus networks unsuited for needs of foreign tourists http://www.baltic-course.com/eng/analytics/?doc=140789 The Latvian rural bus networks are unsuited for the needs of foreign tourists willing to travel around the countryside, according to a study conducted as part of Caito, a project of the EU Interreg Central Baltic program for cross-border cooperation, informs LETA. Mon, 18 Jun 2018 12:00:00 +0300 1529312400 Indian sellers using Estonian e-residency to access EU markets, PayPal system http://www.baltic-course.com/eng/Technology/?doc=140790 Indian sellers on the Amazon platform are using Estonia's e-residency program to access European markets and the Paypal payment system, the news portal Economic Times reports, cites LETA/BNS. Mon, 18 Jun 2018 12:00:00 +0300 1529312400 New opportunities and trends in Nordic cooperation http://www.baltic-course.com/eng/direct_speech/?doc=140817 Northern Europe is known for its open knowledge societies and innovative economies. Here in the north, the Baltic Sea region, the Nordic countries and the European Arctic overlap, and Finland is integral to each one. We are all Arctic, all Nordic and we hold a particularly central position in the Baltic Sea region. Over 40% of Finland’s foreign trade is with countries around the Baltic Sea, and Sweden and Denmark by themselves account for a similar, high proportion of all foreign direct investment in Finland. Mon, 18 Jun 2018 12:00:00 +0300 1529312400 Rietumu Bank completing the termination of cooperation with high-risk companies http://www.baltic-course.com/eng/finances/?doc=140818 Rietumu Bank plans to conclude the termination of the cooperation with more than 90% of companies classified as a high risk customers by the end of summer. The progress made by the bank in this area has received positive evaluation of Latvian financial industry oversight bodies, as well as international partners. Mon, 18 Jun 2018 12:00:00 +0300 1529312400 Eesti Energia to direct 300,000 tons of limestone into circular economy in 2018 http://www.baltic-course.com/eng/good_for_business/?doc=140785 Eesti Energia to direct 300,000 tons of limestone into circular economy this year is to direct altogether 300,000 tons of limestone into the circular economy by delivering limestone from East-Viru County to various regions of Estonia in collaboration with state-owned logistics company EVR Cargo, informs LETA/BNS. Mon, 18 Jun 2018 11:00:00 +0300 1529308800 80% households in Latvia cannot afford to buy homes http://www.baltic-course.com/eng/analytics/?doc=140786 As many as 80% of households in Latvia cannot afford to buy a home, Economics Minister Arvils Aseradens (Unity) said on June 15th during a meeting with municipal leaders from Riga Planning Region, informs LETA. Mon, 18 Jun 2018 11:00:00 +0300 1529308800 All six Vairak Saules restaurants have resumed work http://www.baltic-course.com/eng/markets_and_companies/?doc=140787 All six of the Vairak Saules restaurant have resumed work today after police raided them earlier this week, LETA has found out. The restaurant chain's spokeswoman Laura Minskere also confirmed this information to LETA. Mon, 18 Jun 2018 11:00:00 +0300 1529308800 EU Budget – what about Eastern Europe? http://www.baltic-course.com/eng/analytics/?doc=140781 The European Commission (EC) presented its proposal for the European Union (EU) Budget 2021- 2027 also known as the Multiannual Financial Framework (MFF), on 2nd May 2018. DBRS foresees a period of long and complex negotiations, particularly for those member states facing the prospect of higher contributions and those that might receive less funds. Fri, 15 Jun 2018 20:00:00 +0300 1529082000 Owner drops idea to transport controversial beach house by sea in Latvia http://www.baltic-course.com/eng/real_estate/?doc=140782 Latvian businessman Argods Lusins who built a beach house in Pavilosta without the necessary permission and registered it as a “ship” has dropped the idea to transport the controversial structure by sea but has promised to the local authority to remove it from the protected coastal dune area by July 1, Uldis Kristapsons, chairman of the Pavilosta regional council, told LETA. Fri, 15 Jun 2018 18:00:00 +0300 1529074800 Kaunas, whole Lithuania will have new stadium in 20 months http://www.baltic-course.com/eng/good_for_business/?doc=140778 Kaunas, Lithuania's second-largest city, will start the reconstruction of its Darius and Girenas Stadium in early July after the city signed a contract with contractors. Kaunas should have a new stadium in 20 months, the city's mayor says, cites LETA/BNS. Fri, 15 Jun 2018 16:00:00 +0300 1529067600 Avia Solutions Group buys Ukrainian company http://www.baltic-course.com/eng/transport/?doc=140776 Avia Solutions Group, a Lithuanian capital group indirectly owned by businessman Gediminas Ziemelis, has acquired a Ukraine transport lease company, reports LETA/BNS. Fri, 15 Jun 2018 14:30:00 +0300 1529062200 Presidential office: Shell interested in wider cooperation with Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=140774 Dutch energy company Shell, currently trading in low-volume LNG shipments in Lithuania, is interested in wider cooperation with Lithuania, the Baltic country's presidential office says, cites LETA/BNS. Fri, 15 Jun 2018 14:00:00 +0300 1529060400 Government ready to increase Estonia's contribution to EU budget http://www.baltic-course.com/eng/baltic_states/?doc=140775 The government on June 14th endorsed the initial positions of Estonia for the negotiations on the European Union's next long-term budget, according to which the government is prepared to increase Estonia's contribution to the EU budget, reports LETA/BNS. Fri, 15 Jun 2018 14:00:00 +0300 1529060400 Drought cuts milk purchase prices in Lithuania in May http://www.baltic-course.com/eng/markets_and_companies/?doc=140773 Milk purchase prices in Lithuania dropped in May 2018, from April when they rose for a fifth month in a row. Egidijus Simonis, director of milk processors' associations Pieno Centras, says prices dropped due to a drought, informs LETA/BNS. Fri, 15 Jun 2018 13:30:00 +0300 1529058600 Finesse with competition on gas market http://www.baltic-course.com/eng/analytics/?doc=140762 The laws govern the rights, duties and liability within the issuing country. They are binding for all parties implementing their rights or duties in the particular country and such parties are also subject to liability specified there. Consequently, a party is responsible for its activities in the territory of the particular country in accordance with legal regulation of such country. Fri, 15 Jun 2018 12:00:00 +0300 1529053200 5 counties to receive EUR 20 mln from Enterprise Estonia for investments http://www.baltic-course.com/eng/good_for_business/?doc=140766 Enterprise Estonia (EAS) has supported 20 projects aimed at strengthening regional competitiveness in Jarva, Laane, Tartu, Viljandi and Valga counties with approximately 20 million euros, informs LETA/BNS. Fri, 15 Jun 2018 12:00:00 +0300 1529053200 European Lingerie acquires French online store Dessus-Dessous http://www.baltic-course.com/eng/markets_and_companies/?doc=140767 European Lingerie Group (ELG), previously known as Lauma International, with a transaction completed on Thursday acquired French online store Dessus-Dessous, which specializes in online sales of luxury lingerie brands, informs LETA/BNS. Fri, 15 Jun 2018 12:00:00 +0300 1529053200 Latvian Television raises turnover by 3.7% in 2017 http://www.baltic-course.com/eng/good_for_business/?doc=140760 Latvian Television (LTV) closed 2017 with EUR 18.322 million in turnover, which was a 3.7% rise against 2016, while the public broadcaster’s annual loss grew to EUR 233,056, writes LETA, according to information available at Firmas.lv. Fri, 15 Jun 2018 11:00:00 +0300 1529049600 iRietumu internet bank issues new web version http://www.baltic-course.com/eng/Technology/?doc=140761 Rietumu Bank has launched a new internet bank web version for its customers, informed BC Rietumu’s press service. Fri, 15 Jun 2018 11:00:00 +0300 1529049600 Cinema attendance set a new record in Estonia in 2017 http://www.baltic-course.com/eng/good_for_business/?doc=140757 According to Statistics Estonia, in 2017, cinema attendance set a new record, surpassing 3.5 million visits for the first time. Cinema attendance has doubled in the last ten years. The rising popularity of cinemas can be explained by an increase in the number of cinemas and a wider selection of films as well as by the generally higher living standard. Thu, 14 Jun 2018 18:00:00 +0300 1528988400 Central, Eastern European countries discuss future of CAP in Hungary http://www.baltic-course.com/eng/baltic_states/?doc=140759 Central and Eastern European countries belonging to the European Union at a meeting in Hungary discussed the future of the Common Agricultural Policy (CAP) and the situation of the agricultural markets, reports LETA/BNS. Thu, 14 Jun 2018 18:00:00 +0300 1528988400 Tallinna Sadam, City of Tallinn sign memorandum concerning the Old City Harbor http://www.baltic-course.com/eng/transport/?doc=140753 The listed state owned Estonian port company Tallinna Sadam (Port of Tallinn) signed a memorandum of understanding with the City of Tallinn for the development of the Old City Harbor area according to the Masterplan 2030 development plan, informs LETA/BNS. Thu, 14 Jun 2018 15:30:00 +0300 1528979400 Lithuanian Railways joins European train system Interrail http://www.baltic-course.com/eng/good_for_business/?doc=140752 Lietuvos Gelezinkeliai (Lithuanian Railways) has joined Interrail, a European train system that allows passengers to buy cheaper tickets for train travel across Europe, informs LETA/BNS. Thu, 14 Jun 2018 15:00:00 +0300 1528977600 Latvia to compete for EU support to innovation http://www.baltic-course.com/eng/baltic_states/?doc=140751 Latvia will get involved in the competition for the European Union’s financial support to developers of innovative products, representatives of the Economics Ministry told LETA. Thu, 14 Jun 2018 14:00:00 +0300 1528974000 Riga Airport sees passenger growth 18.5% in January-April http://www.baltic-course.com/eng/good_for_business/?doc=140747 In the first four months of 2018, passenger turnover at Riga International Airport increased by 18.5% against the same period last year to 1.922 million people, the airport informed LETA. Thu, 14 Jun 2018 13:30:00 +0300 1528972200 Estonian, Lithuanian transport ministers discussed Rail Baltica, Via Baltica http://www.baltic-course.com/eng/transport/?doc=140750 Construction of the Rail Baltic rail link, further developing of the Via Baltica road link and cooperation in general were the main topics discussed during a meeting of Estonia's Minister of Economic Affairs and Infrastructure Kadri Simson and Lithuania's Minister of Transport and Communications Rokas Masiulis in Vilnius on June 13th, informs LETA/BNS. Thu, 14 Jun 2018 13:30:00 +0300 1528972200 4 people detained on suspicions of cash register manipulations at Vairak Saules restaurants http://www.baltic-course.com/eng/markets_and_companies/?doc=140737 The State Police has detained four persons on suspicions of cash register manipulations at Vairak Saules restaurant chain, said Criminal Police representative Igors Tomasevs, cites LETA. Thu, 14 Jun 2018 12:00:00 +0300 1528966800 EUR 990,000 to be spent on integration of AI in public e-services in Latvia http://www.baltic-course.com/eng/good_for_business/?doc=140741 The Latvian Ministry of Environment and Regional Development (VARAM) plans to allocate EUR 990,000 for integration of artificial intelligence (AI) in the e-services provided by the public administration institutions, the ministry's deputy state secretary for information and communication, Edmunds Belskis, said at the presentation of Una, the virtual assistant of the Latvian Enterprise Register, on June 13th, reports LETA. Thu, 14 Jun 2018 12:00:00 +0300 1528966800 Top-level specialists excluded from immigration quota in Estonia http://www.baltic-course.com/eng/legislation/?doc=140742 The Estonian parliament on June 13th approved amendments to the Aliens Act that exclude top-level specialists from the immigration quota, informs LETA/BNS. Thu, 14 Jun 2018 12:00:00 +0300 1528966800 Lietuvos Gelezinkeliai revenue grew by 7% in 5 months http://www.baltic-course.com/eng/good_for_business/?doc=140736 State-run Lietuvos Gelezinkeliai (Lithuanian Railways) posted 180 million euros in revenue in the first five months of 2018, up almost 7% from the same period last year, informs LETA/BNS. Thu, 14 Jun 2018 11:00:00 +0300 1528963200 Latvian MFA discussed economic cooperation with the State of Michigan http://www.baltic-course.com/eng/legislation/?doc=140738 On June 13, Latvian Foreign Minister Edgars Rinkevics met with Rick Snyder, Governor of the U.S. State of Michigan, to discuss the bilateral relations between Latvia and the United States, including economic cooperation with the State of Michigan, LETA learned from the Latvian Foreign Ministry. Thu, 14 Jun 2018 11:00:00 +0300 1528963200 Latvian Botanical Garden to buy natural gas from Estonia http://www.baltic-course.com/eng/markets_and_companies/?doc=140732 The Latvian National Botanical Garden will be buying natural gas from EG Energija, the Latvian subsidiary of the Estonian natural gas utility Eesti Gaas, during the next heating season, informs LETA. Wed, 13 Jun 2018 18:00:00 +0300 1528902000 Rescue workers' basic salary in Estonia to rise to EUR 1,000 http://www.baltic-course.com/eng/legislation/?doc=140734 Estonian rescue workers' average basic salary is set to rise by 23.6 percent in 2019, reaching 1,000 euros, reports LETA/BNS. Wed, 13 Jun 2018 17:00:00 +0300 1528898400 Achema to cooperate with North China Power Engineering http://www.baltic-course.com/eng/good_for_business/?doc=140730 Achemos Grupe, one of the largest business groups in Lithuania, controlled by businesswoman Lyda Lubiene and her daughter, plans to cooperate with Chinese engineering consultancy North China Power Engineering for the implementation of energy projects in Central and Eastern Europe, reports LETA/BNS. Wed, 13 Jun 2018 16:00:00 +0300 1528894800 Tallinna Sadam surges almost 20% within minutes http://www.baltic-course.com/eng/transport/?doc=140727 The turnover of the share of Tallinna Sadam, the port company making its debut on the Tallinn stock exchange on Wednesday, crossed the one-million-euro mark seven minutes into the session after opening at 2.05 euros, which means that it moved up almost 20% within minutes, informs LETA/BNS. Wed, 13 Jun 2018 14:30:00 +0300 1528889400 Eesti Energia again emerges as most highly regarded employer in Estonia http://www.baltic-course.com/eng/analytics/?doc=140724 The state-owned energy group Eesti Energia topped the list of Estonia's most highly regarded employers for the fifth year running according to the annual employer reputation survey of Kantar Emor, cites LETA/BNS. Wed, 13 Jun 2018 14:00:00 +0300 1528887600 Eesti Gaas has bunkered Tallink's Megastar with 18,500 tons of LNG http://www.baltic-course.com/eng/good_for_business/?doc=140726 Since 2017, AS Eesti Gaas has bunkered the ship Megastar of the listed Estonian shipper Tallink with 18,500 tons of liquefied natural gas (LNG), informs LETA/BNS. Wed, 13 Jun 2018 14:00:00 +0300 1528887600 Heat and drought can reduce fruit harvest by at least 40% in 2018 in Latvia http://www.baltic-course.com/eng/markets_and_companies/?doc=140725 As a result of the prolonged period of heat and drought in Latvia this year's fruit harvest is likely to decrease by at least 40%, LETA was told at the Council for Cooperation between the Agriculturalist Organizations (LOSP). Wed, 13 Jun 2018 13:30:00 +0300 1528885800 Estonian IT industry, experts ready for cooperation with Netherlands http://www.baltic-course.com/eng/Technology/?doc=140714 Estonian Prime Minister Juri Ratas who met with the visiting king of the Netherlands, Willem-Alexander, at the government seat Stenbock House on Tuesday, said that in addition to the public sector the Estonian IT industry and experts are willing to work with the Netherlands to develop digital society, informs LETA/BNS. Wed, 13 Jun 2018 12:00:00 +0300 1528880400 Family in Vilnius can afford smaller apartment than in Riga, Tallinn http://www.baltic-course.com/eng/analytics/?doc=140717 A family with average income in Vilnius could afford buying the smallest apartment among the Baltic capitals in the first quarter, writes LETA, according to Swedbank's Baltic Housing Affordability Index. Wed, 13 Jun 2018 12:00:00 +0300 1528880400 Moving to Riga: the city among the Top 5 best cities for relocation http://www.baltic-course.com/eng/good_for_business/?doc=140718 Furnished apartment search engine, Nestpick, has released a study revealing the first month living costs involved with relocating to 80 cities around the globe. From years of experience helping individuals to move, Nestpick knows that the initial costs involved with relocation can vary widely depending on location. To help those looking to move, the furnished apartment and room aggregator decided to investigate the general costs that a person might incur during their first month in a new city. The index is designed to be an indicator of the cost of relocating to some of the world’s most in-demand cities, and therefore a useful tool for the increasing numbers of digital nomads, millennials, students and expats who are seeking work and life opportunities abroad. Wed, 13 Jun 2018 12:00:00 +0300 1528880400 Bior institute to spend EUR 6.5 mln on fish stock research center http://www.baltic-course.com/eng/good_for_business/?doc=140711 The Institute of Food Safety, Animal Health and Environment Bior plans to invest EUR 6.5 million in developing a fish stock research center, LETA was told at the institute. Wed, 13 Jun 2018 11:00:00 +0300 1528876800 President: Estonian, Dutch people think similarly http://www.baltic-course.com/eng/baltic_states/?doc=140713 Estonian President Kersti Kaljulaid said at a meeting with King Willem-Alexander of the Netherlands on Tuesday that both countries' people are able to appreciate the benefits of digital society but have a similar understanding also of things farther from home, informs LETA/BNS. Wed, 13 Jun 2018 11:00:00 +0300 1528876800 Estonia to buy EUR 50 mln worth of Mistral missiles http://www.baltic-course.com/eng/markets_and_companies/?doc=140710 The Estonian Center for Defense Investment has signed a contract on the purchase of short range air defense systems from the French armaments manufacturer MBDA France, planning to buy 50 million euros' worth of missiles and training equipment, informs LETA/BNS. Tue, 12 Jun 2018 18:00:00 +0300 1528815600 Audit: Estonian local governments don’t guarantee security of data http://www.baltic-course.com/eng/analytics/?doc=140706 The security of the data entrusted to Estonia's local governments is not guaranteed as required, it appears from an audit taken by the National Audit Office, cites LETA/BNS. Tue, 12 Jun 2018 17:00:00 +0300 1528812000 Eesti Energia raises capacity for producing electricity from shale gas http://www.baltic-course.com/eng/good_for_business/?doc=140703 Enefit Energiatootmine, a subsidiary of the state-owned Estonian energy group Eesti Energia, has begun using shale gas formed in the process of the production of shale oil in greater amounts than earlier for the production of energy at Eesti Power Plant, reports LETA/BNS. Tue, 12 Jun 2018 16:00:00 +0300 1528808400 Amount of booze brought by Finns from Estonia down 23.1% http://www.baltic-course.com/eng/markets_and_companies/?doc=140704 The amount of alcohol brought into Finland by Finns visiting Estonia was smaller by 23.1% this spring than in spring 2017, the Finnish public broadcaster Yle said citing Finland's national health authority THL. Tue, 12 Jun 2018 15:00:00 +0300 1528804800 Baltic States score high in National Cyber Security Index 2018 http://www.baltic-course.com/eng/analytics/?doc=140701 Latvia has received the highest score in the National Cyber Security Index for its cybersecurity policy and analysis of cyber threats, representatives of the Environmental Protection and Regional Development Ministry told LETA. Tue, 12 Jun 2018 14:00:00 +0300 1528801200 Orkla in Latvija to build new cookies plant, create 200 jobs http://www.baltic-course.com/eng/good_for_business/?doc=140697 Food company Orkla Confectionery & Snacks Latvija is going to boost its cookies production business and build a new plant in Latvia, which will provide 200 new jobs, LETA was told at the company. Tue, 12 Jun 2018 13:30:00 +0300 1528799400 Vilkyskiu dairy slowly making headway in China's market http://www.baltic-course.com/eng/markets_and_companies/?doc=140698 Vilkyskiu Pienine, which was the first Lithuanian dairy to launch exports to China in early 2017, has not dropped plans to gain a foothold in the giant market, but acknowledges that the process has been slow, reports LETA/BNS. Tue, 12 Jun 2018 13:00:00 +0300 1528797600 Vilnius railway, bus stations to become modern transport hub http://www.baltic-course.com/eng/good_for_business/?doc=140688 Vilnius railway and bus stations will become a modern multifunctional transport hub in the future. Lietuvos Gelezinkeliai (Lithuanian Railways) and Vilnius authorities on Monday presented plans for the modernization of this territory and its expansion, reports LETA/BNS. Tue, 12 Jun 2018 12:00:00 +0300 1528794000 Swedbank names timber, grain, machines and mechanic equipment as main drivers of Latvian exports http://www.baltic-course.com/eng/analytics/?doc=140692 In April 2018, Latvian exports were driven primarily by timber and timber products, grain products, as well as machinery and mechanical equipment, Swedbank’s senior economist Agnese Buceniece told LETA. Tue, 12 Jun 2018 12:00:00 +0300 1528794000 FSDI Latvia and Security and Defence Cluster to participate on EUROSATORY 2018 http://www.baltic-course.com/eng/forums/?doc=140707 In June 11-15, 2018, representatives of Latvian Federation for Security and Defence Industries (FSDI Latvia) and Latvian Security and Defence Cluster (DAK) will participate on an international Defence and Security industry trade fair EUROSATORY 2018. FSDI Latvia together with Ministry of Defence of the Republic of Latvia will have the first national booth to develop partnerships of defence industries. Tue, 12 Jun 2018 12:00:00 +0300 1528794000 Printful Latvia to invest EUR 1.1 mln in technological development http://www.baltic-course.com/eng/good_for_business/?doc=140685 Printful Latvija, the printing services provider of Latvia’s Draugiem Group, will invest EUR 1.1 million in technological development, the group’s spokesman Janis Palkavnieks told LETA. Tue, 12 Jun 2018 11:00:00 +0300 1528790400 Achema cuts production due to high gas prices http://www.baltic-course.com/eng/energy/?doc=140686 Lithuania's fertilizer producer Achema, part of Achemos Grupe, one of the largest business groups in Lithuania, is cutting production volumes and halting part of its equipment due to high gas prices and low product prices, informs LETA/BNS. Tue, 12 Jun 2018 11:00:00 +0300 1528790400 Latvia, Netherlands share European values and international challenges http://www.baltic-course.com/eng/baltic_states/?doc=140687 Latvia and the Netherlands share common understanding of European values and international challenges, said Latvian President Raimonds Vejonis after his meeting with King Willem-Alexander of the Netherlands on June 11th, informs LETA. Tue, 12 Jun 2018 11:00:00 +0300 1528790400 In April, foreign trade turnover in Latvia rose by 13% http://www.baltic-course.com/eng/good_for_business/?doc=140681 Provisional data of the Central Statistical Bureau (CSB) show that in April 2018 the foreign trade turnover of Latvia amounted to EUR 2.13 billion, which at current prices was 13.0% more than in April 2017, of which the exports value of goods was 15.3% and imports value of goods was 11.0% higher. In April, Latvia exported goods in the amount of EUR 985.9 million but imported – in the amount of EUR 1.14 billion. Compared to April 2017, foreign trade balance has improved as exports in total foreign trade amount increased from 45.3% to 46.3%. Mon, 11 Jun 2018 20:00:00 +0300 1528736400 Estonia's registered unemployment flat at 4.6% in April http://www.baltic-course.com/eng/analytics/?doc=140684 The number of registered unemployed in Estonia stood at 29,779 at the end of May, marking an increase of 0.8% compared with the same time a year ago, and made up 4.6% of the total number of workforce from age 16 to retirement age, as much as in May 2017, informs LETA/BNS. Mon, 11 Jun 2018 19:00:00 +0300 1528732800 In April, the exports increased by 16% and imports by 13% in Estonia http://www.baltic-course.com/eng/good_for_business/?doc=140679 According to Statistics Estonia, in April 2018, the exports of goods increased by 16% and imports by 13% compared to April 2017. The growth in trade in April of this year was broad-based, with increased exports and imports in both mineral products and mechanical appliances. Mon, 11 Jun 2018 18:00:00 +0300 1528729200 S&P affirms Estonia's rating at AA- with stable outlook http://www.baltic-course.com/eng/analytics/?doc=140676 The rating agency Standard and Poor's (S&P) on June 8th affirmed its AA-/A-1+ long- and short-term foreign and local currency sovereign credit ratings on Estonia. The outlook is stable, cites LETA/BNS. Mon, 11 Jun 2018 15:00:00 +0300 1528718400 Riga port sees ship passengers’ growth by 11.2% in January-May http://www.baltic-course.com/eng/good_for_business/?doc=140673 The port of Riga received 301,976 ship passengers during the first five months of 2018, which was an 11.2% increase against the same period in 2017, writes LETA, according to information available on the port's official website. Mon, 11 Jun 2018 14:00:00 +0300 1528714800 Cargo turnover in Riga port down 1.2% in 5 months http://www.baltic-course.com/eng/transport/?doc=140675 The Riga Freeport reloaded 14.705 million tons of cargo in the first five months of 2018, which is by 1.2% less than in the respective period last year, the port reported LETA. Mon, 11 Jun 2018 14:00:00 +0300 1528714800