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 Thu, 04 Jun 2020 08:02:27 +0300 Baltic Course, The baltic-course@baltic-course.com dmitrijs@mansbirojs.lv Tallink to lay off nearly 200 workers in Estonia http://www.baltic-course.com/eng/transport/?doc=156376 The listed Estonian shipper Tallink Grupp is to lay off up to 190 employees in Estonia, the redundancies mainly concern service personnel on Tallink vessels, informed LETA/BNS. Wed, 03 Jun 2020 22:30:00 +0300 1591212600 Latvian students, teachers and parents in general consider distance learning process a success http://www.baltic-course.com/eng/analytics/?doc=156384 Students, teachers and parents in general consider the distance learning process to be rather successful or very successful, Guntars Catlaks, head of the National Center for Education, told a press conference on June 3rd, cites LETA. Wed, 03 Jun 2020 22:30:00 +0300 1591212600 Tallinn to support digital initiatives for small businesses http://www.baltic-course.com/eng/good_for_business/?doc=156385 The Tallinn city government at a sitting on Wednesday adopted a procedure for granting support for digital solutions aimed at small and micro enterprises with an annual revenue of 20,000 to 400,000 euros, informs LETA/BNS. Wed, 03 Jun 2020 22:30:00 +0300 1591212600 Bank of Estonia: Future development in the economy will depend mainly on foreign markets http://www.baltic-course.com/eng/direct_speech/?doc=156383 Data from Statistics Estonia show that Estonian GDP was 0.7% smaller in the first quarter than in the same quarter of last year, and seasonally adjusted was 3.7% less than in the fourth quarter of last year. The economic position in the first quarter only partly reflects the impact of the coronavirus and is more a consequence of earlier events. Wed, 03 Jun 2020 22:00:00 +0300 1591210800 Lithuanian govt gives nod to relaunch flights to France, Denmark, Finland http://www.baltic-course.com/eng/good_for_business/?doc=156382 On 3 June, the Lithuanian Government approved the proposal by the Ministry of Foreign Affairs to resume scheduled flights to Paris, Copenhagen, Billund, Nice, and Turku. Wed, 03 Jun 2020 21:50:00 +0300 1591210200 Court refuses to remand Lithuanian Business Confederation's head http://www.baltic-course.com/eng/legislation/?doc=156379 A Vilnius court denied on Wednesday the prosecution's request to remand in custody Valdas Sutkus, the president of the Lithuanian Business Confederation (LVK), informed LETA/BNS. Wed, 03 Jun 2020 21:45:00 +0300 1591209900 Latvia: It is planned to create a common "virtual classroom" platform http://www.baltic-course.com/eng/education/?doc=156380 The Ministry of Education and Science, together with the State Education Content Center (VISC), plans to create a single "virtual classroom" platform, which would prevent the learning process from taking place on many different platforms, Minister of Education and Science Ilga Suplinska (New Conservative Party) said during a press conference cites LETA. Wed, 03 Jun 2020 21:45:00 +0300 1591209900 New LNG shipment from Norway arrives in Lithuania's Klaipeda http://www.baltic-course.com/eng/energy/?doc=156381 A new large shipment of liquefied natural gas (LNG) from Norway arrived in the Lithuanian port of Klaipeda on Wednesday, marking the 13th such cargo in the gas year that started last October, informed LETA/BNS. Wed, 03 Jun 2020 21:45:00 +0300 1591209900 Valmieras Stikla Skiedra fiberglass company sells its US plant to Saint-Gobain http://www.baltic-course.com/eng/markets_and_companies/?doc=156375 Latvia's Valmieras Stikla Skiedra fiberglass company has sold the plant of its US subsidiary Valmiera Glass USA Corp. to Saint-Gobain Adfors America, Inc. for USD 17.5 mln, according to a statement to Nasdaq Riga. Wed, 03 Jun 2020 21:30:00 +0300 1591209000 Lithuania's anti-corruption officials visit Maxima in influence peddling probe http://www.baltic-course.com/eng/legislation/?doc=156377 As part of their illegal lobbying and influence peddling investigation, officials from the Special Investigation Service (STT) visited on Tuesday the company that managers Maxima, one of Lithuania's leading supermarket chains, and took away certain documents, reported LETA/BNS. Wed, 03 Jun 2020 21:30:00 +0300 1591209000 Estonia: Eesti Energia signs EUR 70 mln loan with EIB http://www.baltic-course.com/eng/energy/?doc=156378 Estonian state-owned energy group Eesti Energia has signed a new loan agreement with European Investment Bank (EIB) in the amount of 70 mln euros to finance investment into the roll-out of a passive fiber access network in Estonia, informed LETA/BNS. Wed, 03 Jun 2020 21:30:00 +0300 1591209000 Avia Solutions Group is selling Baltic Ground Services Poland http://www.baltic-course.com/eng/transport/?doc=156371 Avia Solutions Group, the largest aerospace business group from Central & Eastern Europe, has come to a decision to sell Baltic Ground Services Poland, a subsidiary of the group’s family member, Baltic Ground Services (BGS), informed Avia Solutions Group`s representative. Wed, 03 Jun 2020 20:00:00 +0300 1591203600 E-invoice solution developed in Estonia to expand to 10 countries http://www.baltic-course.com/eng/good_for_business/?doc=156355 Estonian fintech company Fitek, together with its parent company Unifiedpost, is developing the e-invoicing service Invoice Gate, which was recently launched in Latvia and Lithuania and will expand to eight more countries in July 2020, informs LETA/BNS. Wed, 03 Jun 2020 18:00:00 +0300 1591196400 EBRD teaming up with top Fintech accelerator Startup Wise Guys http://www.baltic-course.com/eng/good_for_business/?doc=156368 EBRD and Startup Wise Guys start Fintech accelerator partnership. New companies from across EBRD regions invited to apply. Programme co-financed by TaiwanBusiness – EBRD Technical Cooperation Fund. Wed, 03 Jun 2020 18:00:00 +0300 1591196400 In April, industrial production output in Latvia fell by 9.2% http://www.baltic-course.com/eng/analytics/?doc=156354 Data compiled by the Central Statistical Bureau (CSB) show that,compared to April 2019, in April 2020, industrial production output1 dropped by 9.2% (according to calendar adjusted data at constant prices). The decline was due to the output reduction in manufacturing (of 9%), mining and quarrying (8.7%), as well as electricity and gas supply (10.8%). Wed, 03 Jun 2020 16:00:00 +0300 1591189200 High-level Estonian decoration put up for auction in Finland http://www.baltic-course.com/eng/markets_and_companies/?doc=156350 One of the highest national decorations of Estonia, the Order of Merit of the Cross of Terra Mariana, Collar Class, has been put up for auction at Bukowskis auction house in Helsinki, Postimees reported on JUne 3rd, cites LETA/BNS. Wed, 03 Jun 2020 15:00:00 +0300 1591185600 Mestilla invests 6M EUR in used cooking oil processing project in Klaipeda http://www.baltic-course.com/eng/good_for_business/?doc=156356 Mestilla, a biodiesel manufacturer operating in the Klaipeda Free Economic Zone, plans to start making biofuel out of used cooking oil (UCO) collected in Lithuania, starting by the end of 2021. This is the company’s way to contribute towards a cleaner environment, circular economy, and the reduction of imported fossil fuel dependency. Around 6 mln EUR will be invested in the project. Wed, 03 Jun 2020 14:30:00 +0300 1591183800 The tourism recovery campaign "Riga is Not Riga Without You" to be launched soon http://www.baltic-course.com/eng/good_for_business/?doc=156352 he Riga Tourism Development Bureau (RTAB) has developed a tourism recover plan with the aim of assisting the city's tourism industry after the Covid-19 pandemic, the head of the RTAB Anna Blaua said on Wednesday, cites LETA. Wed, 03 Jun 2020 14:00:00 +0300 1591182000 Alpen Pharma sets up business in Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=156346 Swish pharmaceutical company Alpen Pharma has established a company in Lithuania, reports LETA/BNS. Wed, 03 Jun 2020 13:00:00 +0300 1591178400 Riga Airport posts EUR 704,000 in losses in Q1 http://www.baltic-course.com/eng/transport/?doc=156349 The turnover of Riga International Airport in the first three months of 2020 was EUR 12.64 million, which is 10.2% less than in the corresponding period of 2019, the airport reports for LETA. Wed, 03 Jun 2020 13:00:00 +0300 1591178400 Central European Tour Operator withdraws from Novaturas' shareholders http://www.baltic-course.com/eng/tourism/?doc=156347 Central European Tour Operator, a Luxembourg-based company, has withdrawn from the shareholders of Novaturas, one of the largest tour operators in Lithuania, informs LETA/BNS. Wed, 03 Jun 2020 12:00:00 +0300 1591174800 Latvian professor: resumption of migration is a responsible and difficult moment for epidemiologists http://www.baltic-course.com/eng/analytics/?doc=156348 The resumption of international migration and the abolition of the self-quarantine requirements for residents of countries with low Covid-19 incidence will be a responsible and difficult moment for epidemiologists, Professor Girts Brigis, head of the Department of Public Health and Epidemiology at Riga Stradins University, told LETA. Wed, 03 Jun 2020 12:00:00 +0300 1591174800 Idelsons: Banks in Latvia coping relatively well with Covid-19 crisis http://www.baltic-course.com/eng/finances/?doc=156339 Banks in Latvia have been coping relatively well with the crisis caused by the Covid-19 virus, as Signet Bank CEO Roberts Idelsons says in an interview with LETA. Wed, 03 Jun 2020 09:00:00 +0300 1591164000 Bolt restarts electric scooter rent in Riga http://www.baltic-course.com/eng/good_for_business/?doc=156341 Bolt transport platform is offering electric scooter rent in Riga for the second summer in a row, providing several hundred electric scooters for rent in the city, the company's spokeswoman Krista Bulderbega infomed LETA. Wed, 03 Jun 2020 09:00:00 +0300 1591164000 Number of corporate taxpayers in Latvia down 1.3% over year http://www.baltic-course.com/eng/finances/?doc=156342 At the beginning of June this year, there were 195,330 corporate taxpayers in Latvia, down 1.3 % from the same period a year ago, the State Revenue Service's statistics information referred LETA. Wed, 03 Jun 2020 09:00:00 +0300 1591164000 Clean R waste manager raises turnover 31.2% in 2019 http://www.baltic-course.com/eng/good_for_business/?doc=156340 Latvia's Clean R waste management company closed 2019 with EUR 43.788 mln in turnover, an increase of 31.2 % against a year before, while the company's profit contracted 12.2% to EUR 3.077 mln, according to information available at Firmas.lv writes LETA. Wed, 03 Jun 2020 08:50:00 +0300 1591163400 SEB Banka grants grace period to nearly EUR 1,700 clients http://www.baltic-course.com/eng/finances/?doc=156338 Since the beginning of the Covid-19 emergency, SEB Banka has granted a grace period to nearly 1,700 borrowers, BC was told at the bank. Wed, 03 Jun 2020 08:20:00 +0300 1591161600 Police release Latvian businessman Ivanovs http://www.baltic-course.com/eng/markets_and_companies/?doc=156332 The State Police on Tuesday released businessman Igors Ivanovs who had been arrested as a suspect in the criminal case on organization of an alleged murder of lawyer Alla Jurasa. Ivanovs' lawyer Janis Davidovics told LETA that restrictive measures unrelated with deprivation of liberty have been imposed on him. Tue, 02 Jun 2020 22:00:00 +0300 1591124400 Riga Airport services 3 times more passengers in May than in April http://www.baltic-course.com/eng/good_for_business/?doc=156333 This past May 2020, Riga International Airport serviced a total of 10,308 passengers, which was a three-fold increase on the previous month, the airport's spokeswoman Laura Kulakova told LETA. Tue, 02 Jun 2020 22:00:00 +0300 1591124400 EUR 600 mln redistributed among Latvian ministries http://www.baltic-course.com/eng/legislation/?doc=156335 The Cabinet of Ministers on June 2nd in Latvia decided to redistribute EUR 600 million for different initiatives of ministries, including 103.2 million to be allocated for health care infrastructure projects, informs LETA. Tue, 02 Jun 2020 22:00:00 +0300 1591124400 In Q1, freight transport by road reduced by 1.3% in Latvia http://www.baltic-course.com/eng/analytics/?doc=156324 Data of the Central Statistical Bureau show that, compared to the 1st quarter of 2019, in the 1st quarter of 2020 freight transport by road reduced by 1.3%. Tue, 02 Jun 2020 20:00:00 +0300 1591117200 Train passenger figures in Estonia down 4-fold in April y-o-y http://www.baltic-course.com/eng/transport/?doc=156325 Altogether 167,000 passengers in Estonia used the train for transport in April 2020, which is four times less than in the same month the year before, when the number of passengers totaled 708,500, informs LETA/BNS. Tue, 02 Jun 2020 17:00:00 +0300 1591106400 Industry in April 2020 in Estonia fell to the level of a decade ago http://www.baltic-course.com/eng/analytics/?doc=156321 According to Statistics Estonia, in April 2020, the production of industrial enterprises decreased by 17% compared to April 2019. Production decreased in all three industrial activities: manufacturing, energy production and mining. Tue, 02 Jun 2020 16:00:00 +0300 1591102800 Novel solution for smartphone refurbishment market http://www.baltic-course.com/eng/Technology/?doc=156327 Mirka’s new patent-pending solution for smartphone refurbishing, Remint™, removes cosmetic flaws in minutes, restoring uniform gloss on chemically hardened glass in a low-cost and environmentally sound process, informed ins/industrial news service. Tue, 02 Jun 2020 15:20:00 +0300 1591100400 European Investment Bank to lend Estonian Railways EUR 95 mln http://www.baltic-course.com/eng/good_for_business/?doc=156323 The European Investment Bank (EIB) has signed a 95 million euro, 25-year tenor, loan agreement with the Estonian national railway company Estonian Railways, informs LETA/BNS. Tue, 02 Jun 2020 15:00:00 +0300 1591099200 Latvijas Banka issuing a 2 euro commemorative coin "Latgalian Ceramics" http://www.baltic-course.com/eng/finances/?doc=156317 On Friday, 5 June, Latvijas Banka is issuing a 2 euro commemorative coin "Latgalian Ceramics", informed the bank in its press release. Tue, 02 Jun 2020 14:00:00 +0300 1591095600 New passenger operators will be able to begin regional routes in June 2021 in Latvia http://www.baltic-course.com/eng/transport/?doc=156315 New passenger carriers could start working on regional bus routes in June of next year, the Minister of Transport Talis Linkaits (New Conservative Party) predicted in an interview with the Latvian Television morning news program Rita Panorama on JUne 2nd, reports LETA. Tue, 02 Jun 2020 13:00:00 +0300 1591092000 Lithuania and Estonia climbing up the global entrepreneurship ladder http://www.baltic-course.com/eng/good_for_business/?doc=156320 In its new 2020 report StartupBlink has ranked Estonia`s startup ecosystem 11th, Lithuaia`s startup ecosystem 15th and Latvia - 36th out of 100 countries. Tue, 02 Jun 2020 12:50:00 +0300 1591091400 The sales of spirits around the world increasing during Covid-19 http://www.baltic-course.com/eng/good_for_business/?doc=156314 During the Covid-19 crisis, the sales of spirits around the world are increasing, Intars Geidans, the chairman of the board of the Latvian alcoholic beverage producer Latvijas Balzams, told LETA in an interview. Tue, 02 Jun 2020 12:00:00 +0300 1591088400 Estonian analyst: Coronavirus crisis above all crisis in public finances http://www.baltic-course.com/eng/analytics/?doc=156316 The coronavirus crisis is predominantly a crisis in public finances, and the causes thereof lie partially in uncontrolled growth of health care and social expenditure stemming from demographic ageing, informs LETA, according to Hardo Pajula, professor of free economic though at Estonian Business School (EBS). Tue, 02 Jun 2020 12:00:00 +0300 1591088400 SEB banka issues EUR 16 million guarantee for construction of natural gas interconnection between Lithuania and Poland http://www.baltic-course.com/eng/good_for_business/?doc=156313 SEB banka has issued a guarantee in the amount of EUR 16 million for the establishment of a natural gas interconnection between Lithuania and Poland, the bank informed BC. Tue, 02 Jun 2020 09:00:00 +0300 1591077600 Purgaile does not rule out FCMC taking over supervision of non-bank lending http://www.baltic-course.com/eng/finances/?doc=156310 The Financial and Capital Market Commission (FCMC) might take over the supervision of non-bank lenders from the Consumer Rights Protection Center in the future, FCMC chairperson Santa Purgaile said today in an interview to Latvian Radio. Tue, 02 Jun 2020 09:00:00 +0300 1591077600 Lithuania's new car market shrinks 27% in Jan-May y-o-y http://www.baltic-course.com/eng/transport/?doc=156311 A total of 15,506 new passenger cars were registered in Lithuania in January-May 2020, down 26.9% from 21,201 in the same period last year, the market research company Autotyrimai said. Tue, 02 Jun 2020 09:00:00 +0300 1591077600 Tallink to reroute its vessel Isabelle to operate on Paldiski-Kapellskar route from June 7 http://www.baltic-course.com/eng/transport/?doc=156312 Listed Estonian shipper Tallink Grupp announced on Monday that it will reroute its vessel Isabelle, which used to run on the Riga-Stockholm route, to operate on the Paldiski-Kapellskar route from Sunday, June 7, until the end of August 2020, informed LETA/BNS. Tue, 02 Jun 2020 09:00:00 +0300 1591077600 SkyTrax: Tallinn airport recognized as 3rd best airport in Eastern Europe, Riga 5th http://www.baltic-course.com/eng/good_for_business/?doc=156304 International aviation market company SkyTrax has recognized Riga international airport as the fifth best airport in Eastern Europe in 2020, according to the information published on World Airport Awards website of SkyTrax, cites LETA. Tallinn is ranked 3rd. Mon, 01 Jun 2020 22:00:00 +0300 1591038000 Coalition in Latvia earmarks EUR 2 bn for overcoming Covid-19 crisis http://www.baltic-course.com/eng/good_for_business/?doc=156301 In the next couple of years EUR 2 billion will be made available for dealing with the Covid-19 crisis and fueling the economic recovery, Prime Minister of Latvia Krisjanis Karins (New Unity) told journalists following the weekly coalition meeting today., informs LETA. Mon, 01 Jun 2020 21:00:00 +0300 1591034400 Latvian coalition agrees on EUR 32 mln allocation to culture http://www.baltic-course.com/eng/markets_and_companies/?doc=156302 Coalition partners agreed today to allocate additional EUR 32 million to help Latvia's creative industries deal with the Covid-19 crisis, Culture Minister Nauris Puntulis (National Alliance) told journalists after the weekly coalition cooperation meeting, informs LETA. Mon, 01 Jun 2020 21:00:00 +0300 1591034400 Lithuania allows returnees from abroad to move within 1 km from place of self-isolation http://www.baltic-course.com/eng/legislation/?doc=156303 People who are required to self-isolate after returning to Lithuania from abroad will be allowed to move within a kilometer from their place of isolation, the National Public Health Center (NPHC) said on June 1st, reports LETA/BNS. Mon, 01 Jun 2020 20:20:00 +0300 1591032000 Latvenergo energy group increases power generation 14.2% in Q1 http://www.baltic-course.com/eng/good_for_business/?doc=156300 During the first quarter of 2020 Latvia's Latvenego energy group generated 1,538 gigawatt-hours (GWh) of electric power, which is an increase of 14.2% against the respective period last year and the largest volume in the Baltics, the company's representative Ilvija Livmane informed LETA. Mon, 01 Jun 2020 19:20:00 +0300 1591028400 Latvia: The negative impact of COVID-19 can already be seen in the labour market http://www.baltic-course.com/eng/direct_speech/?doc=156299 The measures taken to contain the spread of the coronavirus, contributed to a decline in the economic activity in the first quarter of 2020, thus negatively affecting the labour market. Mon, 01 Jun 2020 19:00:00 +0300 1591027200 Bookings at hotels are still slow in Latvia http://www.baltic-course.com/eng/tourism/?doc=156289 Even though Baltic residents are free to travel for two weeks already, booking of hotels rooms are still slow, said Janis Pinnis, the president of the Latvian Association of Hotels and Restaurants, cites LETA. Mon, 01 Jun 2020 16:00:00 +0300 1591016400 airBaltic to Restart Flights from Riga to Paris http://www.baltic-course.com/eng/good_for_business/?doc=156290 After receiving all of the necessary permissions, airBaltic plans to resume direct flights from Riga to Paris on June 9, two days earlier than planned before. Mon, 01 Jun 2020 16:00:00 +0300 1591016400 Border closures have exacerbated labor shortage on Estonian dairy farms http://www.baltic-course.com/eng/markets_and_companies/?doc=156287 The Estonian Chamber of Agriculture and Commerce said that the closure of borders has exacerbated labor shortage on dairy farms, reports LETA/BNS. Mon, 01 Jun 2020 15:00:00 +0300 1591012800 Lithuanian MFA cancels recommendation not to travel to some EEA countries http://www.baltic-course.com/eng/legislation/?doc=156288 Lithuania's Ministry of Foreign Affairs says it's cancelling the existing recommendations against travelling to certain countries in the European Economic Area, informs LETA/BNS. Mon, 01 Jun 2020 15:00:00 +0300 1591012800 Balti Logistika company has opened branch in Minsk http://www.baltic-course.com/eng/good_for_business/?doc=156286 Balti Logistika company has opened a branch in Belarus capital Minsk, BC learned from the company representatives. Mon, 01 Jun 2020 14:20:00 +0300 1591010400 Avg price of Tallinn apartments up 9.1% on year in May http://www.baltic-course.com/eng/good_for_business/?doc=156285 The average price per square meter of Tallinn apartments grew 9.1% on year to 2,126.89 euros in May, informed LETA/BNS. Mon, 01 Jun 2020 14:00:00 +0300 1591009200 Lithuania allows mass events, opens up to foreigners http://www.baltic-course.com/eng/good_for_business/?doc=156282 Lithuania is lifting more lockdown restrictions as of Monday, June 1st, as mass events are allowed, borders are being opened to foreigners and elder schoolchildren can return to schools, reports LETA/BNS. Mon, 01 Jun 2020 13:00:00 +0300 1591005600 Sales of Valmiera fiberglass maker down 8.3% in Q1 http://www.baltic-course.com/eng/markets_and_companies/?doc=156280 Valmieras Stikla Skiedra fiberglass maker in the first quarter of 2020 generated EUR 32.851 million in sales, down 8.3%, ad earned EUR 2.09 million in profit in contrast to a loss a year ago, writes LETA, according to the company's statement submitted to the Nasdaq Riga stock exchange. Mon, 01 Jun 2020 12:00:00 +0300 1591002000 Latvian monetary financial institutions report EUR 21.2 mln in 4-month profit http://www.baltic-course.com/eng/finances/?doc=156281 Latvian monetary financial institutions (mainly banks) earned EUR 21.2 million in aggregate profit in the first four months of 2020, which is 4.5 times less than during the same period a year ago, the Bank of Latvia reported for LETA. Mon, 01 Jun 2020 12:00:00 +0300 1591002000 Lithuania's Kauno Tiltai repeatedy participates in tender for renovation of Deglava Bridge in Riga http://www.baltic-course.com/eng/real_estate/?doc=156273 Lithuanian construction company Kauno Tiltai repeatedly participates in the tender for renovation of Deglava Bridge in Riga, LETA learned in the Riga local council. Mon, 01 Jun 2020 09:20:00 +0300 1590992400 Norwegian-Estonian program to contribute to heritage conservation areas in Estonia http://www.baltic-course.com/eng/baltic_states/?doc=156274 A new project with Norway as donor partner will contribute to Estonian heritage conservation areas, informed LETA/BNS. Mon, 01 Jun 2020 09:20:00 +0300 1590992400 Estonia: Tallink to depart once per week for Aland islands in June, July http://www.baltic-course.com/eng/good_for_business/?doc=156270 In connection with the imminent easing of travel restrictions between Estonia and Finland, shipper Tallink Grupp announced that it will start offering the opportunity to travel to the Aland islands once a week in June and July, informed LETA. Mon, 01 Jun 2020 09:00:00 +0300 1590991200 airBaltic resumes flights to Hamburg, Berlin http://www.baltic-course.com/eng/good_for_business/?doc=156271 Latvian national airline airBaltic will resume direct flights from Riga, to Hamburg and Berlin, BC learned from the company. Mon, 01 Jun 2020 09:00:00 +0300 1590991200 Two-week cumulative incidence of Covid-19 in Latvia has been 3.5 cases per 100,000 residents http://www.baltic-course.com/eng/baltic_states/?doc=156269 During the past 14 days, the cumulative incidence of Covid-19 in Latvia has been 3.54 cases per 100,000 residents, according to data compiled by the European Center for Disease Prevention and Control writes LETA. Mon, 01 Jun 2020 08:01:00 +0300 1590987660 Head of Baltic Pensions at Luminor: Impact of crisis on economy, markets unpredictable http://www.baltic-course.com/eng/analytics/?doc=156272 Major economic crises do not have a specific pattern that can help easily predict future developments and market movements, which makes it difficult to assess the impact of the coronavirus crisis and the pace of market recovery, Rasmus Pikkani, head of Baltic Pensions at Luminor, said at a pension-related web seminar cited LETA/BNS. Mon, 01 Jun 2020 08:00:00 +0300 1590987600 LTV7 will no longer broadcast minority content from 2021 http://www.baltic-course.com/eng/markets_and_companies/?doc=156260 From January 1, 2021, Latvian Television Channel 7 (LTV7) will no longer broadcast minority content, the chairman of the National Electronic Mass Media Council (NEPLP) Ivars Abolins said on May 29th, cites LETA. Fri, 29 May 2020 21:00:00 +0300 1590775200 Covid-19 contact tracing app emerges as most popular app in Latvia http://www.baltic-course.com/eng/good_for_business/?doc=156258 The Apturi Covid (Stop Covid) mobile app created in Latvia to trace contacts of people with Covid-19 emerged as the most popular app in Latvia on App Store and Google Play on the first day after its launch, informed Elina Lidere, a spokeswoman for Latvijas Mobilais Telefons (LMT) mobile operator which participated in the development of the app, informs LETA/BNS. Fri, 29 May 2020 20:00:00 +0300 1590771600 Turnover of Latvian Railways drops by 33.5% in Q1 http://www.baltic-course.com/eng/transport/?doc=156259 Latvijas Dzelzcels (Latvian Railways, LDz) national rail company turned over EUR 34.142 million in the first quarter of 2020, which is a reduction of 33.5% from the respective period a year ago, while the company's profit tripled to EUR 9.429 million, writes LETA, according to information released by LDz. Fri, 29 May 2020 20:00:00 +0300 1590771600 Latvian GDP contracts 1.5% in Q1 http://www.baltic-course.com/eng/analytics/?doc=156256 Data compiled by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2020, compared to the 1st quarter of 2019, gross domestic product (GDP) decreased by 1.5% (according to seasonally and calendar non-adjusted data). In the 1st quarter GDP at constant prices was EUR 6.8 bn. Fri, 29 May 2020 19:20:00 +0300 1590769200 In Q1, GDP in Estonia fell by 0.7% http://www.baltic-course.com/eng/analytics/?doc=156250 According to Statistics Estonia, in the 1st quarter of 2020, the gross domestic product (GDP) fell by 0.7% compared to the 1st quarter of 2019. The GDP at current prices was 6.5 billion euros. Fri, 29 May 2020 18:00:00 +0300 1590764400 airBaltic to introduce new ticket types in July http://www.baltic-course.com/eng/transport/?doc=156248 In July 2020, Latvian airline airBaltic will introduce revised ticket types for its flights, LETA learned from the airline. Fri, 29 May 2020 17:00:00 +0300 1590760800 In May, business environment in Latvia was negative in services sector and construction, positive – in retail and industry http://www.baltic-course.com/eng/analytics/?doc=156247 Data of business tendency surveys[1] carried out by the Central Statistical Bureau (CSB) show that, in May 2020, as compared to April, business confidence indicators continued to reduce in construction and services sector, but slightly improved – in retail trade and industry. Fri, 29 May 2020 16:00:00 +0300 1590757200 Lithuania's alcohol consumption down to 11.1 liters in 2019 http://www.baltic-course.com/eng/analytics/?doc=156237 Lithuania's legal alcohol consumption per person aged 15 years and over amounted to 11.1 liters last year, down by 0.1 liters from 11.2 liters in 2018, according to preliminary figures released by the country's statistics office, Statistics Lithuania, on May 29h, cites LETA/BNS. Fri, 29 May 2020 14:00:00 +0300 1590750000 The Coronavirus Has Not Stopped the Global Trade of Forest Products http://www.baltic-course.com/eng/good_for_business/?doc=156239 The Coronavirus Epidemic has negatively impacted the supply chains for numerous industry sectors worldwide the past few months. Fri, 29 May 2020 13:20:00 +0300 1590747600 Railway section for NATO equipment to be opened in Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=156238 The construction of the Pabrade-Pazeimene railway section of national importance was completed in Lithuania's Svencionys District earlier this month and it will be presented on May 29th, informs LETA/BNS. Fri, 29 May 2020 13:00:00 +0300 1590746400 Apromore and Nortal to bring open-source process mining to Estonia http://www.baltic-course.com/eng/good_for_business/?doc=156243 Apromore, the only commercial open-source solution in the global process mining market, and Nortal, a multinational strategic change and technology company, are delighted to announce their partnership to bring Apromore's leading-edge process mining technology into Nortal's comprehensive solutions portfolio in the field of business analytics and optimization. Fri, 29 May 2020 12:20:00 +0300 1590744000 50-70% drop in passengers using taxi services during state of emergency in Latvia http://www.baltic-course.com/eng/transport/?doc=156236 Kristians Godins, board chairman of the Road Transport Administration, said in an interview with LETA that there has been a 50-70% drop in passengers using taxi services during the state of emergency period. Fri, 29 May 2020 12:00:00 +0300 1590742800 Citadele posts EUR 7.5 mln loss for Q1 http://www.baltic-course.com/eng/finances/?doc=156261 Citadele Bank sustained a loss of EUR 7.5 million in the first quarter of 2020, LETA was told at the bank. Fri, 29 May 2020 12:00:00 +0300 1590742800 airBaltic Extends Additional Flexibility to New Reservations http://www.baltic-course.com/eng/transport/?doc=156241 Latvian airline airBaltic has further extended the offer for one date change without additional fee to all new reservations made from March 10, 2020 until June 30, 2020. Fri, 29 May 2020 11:40:00 +0300 1590741600 Covid-19 Estonia: EU residents from low infection countries to be able to enter Estonia without quarantine http://www.baltic-course.com/eng/good_for_business/?doc=156231 Starting from June 1, residents of European Union countries with a low infection rate will be able to come to Estonia without a quarantine requirement, informed LETA/BNS. Fri, 29 May 2020 09:00:00 +0300 1590732000 Jurmala will not have any Blue Flag beaches this summer http://www.baltic-course.com/eng/markets_and_companies/?doc=156230 The Latvian coastal resort city of Jurmala will not have any Blue Flag beaches this summer, as the city's local government has decided to leave the program, LETA found out from the Jurmala City Council. Fri, 29 May 2020 08:50:00 +0300 1590731400 Covid-19 Latvia: Saeima approves easing of restrictions on face-to-face activities in education, sports and amateur arts http://www.baltic-course.com/eng/baltic_states/?doc=156229 Saeima today approved the government's decision to ease Covid-19 restrictions on face-to-face activities in education, sports and amateur arts as of June 1. Fri, 29 May 2020 08:05:00 +0300 1590728700 In 2019, population of Latvia dropped by 3.4 thousand people http://www.baltic-course.com/eng/analytics/?doc=156227 Latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that at the beginning of 2020 population of Latvia accounted for 1 million 908 thousand people, which is 12.3 thousand people fewer than a year ago. In 2019, as a result of international long-term migration population of the country dropped by 3.4 thousand people, which is the lowest indicator recorded since 1989, whereas the negative natural increase resulted in reduction of 8.9 thousand people. Thu, 28 May 2020 22:30:00 +0300 1590694200 Revealed World's Top 10 Sharing Economy Friendly Cities - Riga comes 2nd! http://www.baltic-course.com/eng/good_for_business/?doc=156224 Today, the Consumer Choice Center launched its Sharing Economy Index highlighting some of the world's most dynamic cities by their sharing economy friendliness. Thu, 28 May 2020 22:00:00 +0300 1590692400 Croatia reopens borders for 10 EU nations for tourism http://www.baltic-course.com/eng/tourism/?doc=156225 Croatia reopened its borders without restrictions to citizens from 10 European Union countries, including the Baltic States, on Thursday as the Adriatic nation looks to salvage a vital tourism sector hit by the coronavirus pandemic, informs LETA/BNS. Thu, 28 May 2020 22:00:00 +0300 1590692400 Estonian government eases restrictions related to COVID-19 http://www.baltic-course.com/eng/legislation/?doc=156226 The Estonian government on Thursday decided to ease restrictions related to COVID-19 in the field of travel, public events, the organization of sporting events, and education, reports LETA/BNS. Thu, 28 May 2020 21:00:00 +0300 1590688800 In April, retail trade turnover in Latvia fell by 9% y-o-y http://www.baltic-course.com/eng/analytics/?doc=156213 Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to April 2019, in April 2020 total retail trade turnover reduced by 9.0%. Turnover of retail trade in food products declined by 3.5%. Retail trade in non-food products (except for retail sale of automotive fuel) decreased by 14.9%, but turnover of retail sale of automotive fuel – by 5.3%. Thu, 28 May 2020 18:00:00 +0300 1590678000 More than 100 Lithuanians return to country from abroad via Baltic neighbors each day http://www.baltic-course.com/eng/transport/?doc=156215 Latvia’s and Estonia’s border guard services each day notify Lithuania’s institutions about more than 100 Lithuania’s nationals arriving from other countries, Lithuania's State Border Guard Service (SBGS) reported on May 28th, cites LETA/BNS. Thu, 28 May 2020 18:00:00 +0300 1590678000 Burger King restaurant in Riga to be opened at Akropole shopping center http://www.baltic-course.com/eng/good_for_business/?doc=156214 The Estonian ferry operator Tallink Grupp announced on Thursday that the first Burger King restaurants in Latvia and Lithuania will be opened in the Akropole shopping center in Riga and the Akropolis mall in Vilnius in the second half of this year, the company informed LETA. Thu, 28 May 2020 17:00:00 +0300 1590674400 Estonia backs permitting oil shale sector to use fiscally marked diesel http://www.baltic-course.com/eng/energy/?doc=156212 he Estonian government on May 28th approved a draft legislation aimed to reduce the costs of oil shale mining companies by temporarily allowing them to use diesel fuel carrying a fiscal marker in mining operations, informs LETA/BNS. Thu, 28 May 2020 16:00:00 +0300 1590670800 Estonian formin: Baltic states planning to reenable travel within Schengen area in June http://www.baltic-course.com/eng/baltic_states/?doc=156216 Baltic foreign ministers share the position that residents of Estonia, Latvia and Lithuania should be able to travel within the Schengen area from June, according to Estonian Minister of Foreign Affairs Urmas Reinsalu writes LETA/BNS. Thu, 28 May 2020 15:00:00 +0300 1590667200 European rescue plan and solidarity http://www.baltic-course.com/eng/modern_eu/?doc=156211 The new financial supplement to the rescue plan with €750 bn and a long-term €1.1 trillion for 2021-27 will be discussed on 19 June. It seems that nationalism dominates over solidarity, as differences in approaches are to large... Thu, 28 May 2020 13:20:00 +0300 1590661200 Natgas prices for Lithuanian households to go down 15–23% in July http://www.baltic-course.com/eng/good_for_business/?doc=156210 Natural gas prices for Lithuanian households will fall by 15-23 percent from July, the National Energy Regulatory Council (VERT) reported on Thursday after approving the new rates for customers of the gas supply company Ignitis, informed LETA/BNS. Thu, 28 May 2020 13:10:00 +0300 1590660600 Electricity prices for Lithuanian households to fall 8% in July http://www.baltic-course.com/eng/good_for_business/?doc=156209 Electricity prices for households in Lithuania will go down by around 8 percent on average in July, the National Energy Regulatory Council (VERT) reported on Thursday after approving the new rates for customers of the electricity and gas supply company Ignitis, informed LETA/BNS. Thu, 28 May 2020 13:00:00 +0300 1590660000 LDz Cargo made profit from cargo transportation in 2019 http://www.baltic-course.com/eng/good_for_business/?doc=156208 LDz Cargo, a subsidiary to the national rail company Latvijas Dzelzcels (LDz), made profit from cargo transportation last year, but international passenger transportation posted losses, according to information published in the government's official gazette Latvijas Vestnesis. Thu, 28 May 2020 12:20:00 +0300 1590657600 Cleveron eyeing Latvia, Lithuania with project put on hold in Estonia http://www.baltic-course.com/eng/good_for_business/?doc=156207 Estonian software and technology company Cleveron, which offered to develop a nationwide network of parcel lockers combined with bus shelters in Estonia, has partnered with the company Pristis to find an opportunity to develop such networks in Latvia and Lithuania instead, according to the regional newspaper Sakala information reporte LETA/BNS. Thu, 28 May 2020 12:10:00 +0300 1590657000 Latvijas Balzams considering producing disinfectants also in the future http://www.baltic-course.com/eng/good_for_business/?doc=156201 Latvijas Balzams, the largest producer of alcoholic beverages in Latvia, is considering continuing the production of disinfectants even after the state of emergency caused by Covid-19, if the regulation allows and there will be demand, Intars Geidans, chairman of the company's board, told LETA. Thu, 28 May 2020 12:00:00 +0300 1590656400 Lithuania’s government approves 'child money' proposal http://www.baltic-course.com/eng/legislation/?doc=156202 The Lithuanian government on Wednesday approved a proposal to provide additional support to families with children, which was put forward by President Gitanas Nauseda in a bid to aid households during the coronavirus pandemic and to stimulate the economy through consumption, informs LETA/BNS. Thu, 28 May 2020 12:00:00 +0300 1590656400 Competition Council brought 13 cartels to a close over past 5 years in Latvia http://www.baltic-course.com/eng/markets_and_companies/?doc=156203 Over the past five years, the Competition Council brought thirteen cartels involving 64 companies to a close, imposing a total of EUR 3.5 million in fines, the Competition Council in Latvia informed LETA. Thu, 28 May 2020 12:00:00 +0300 1590656400 State must continue to offer support to residents to curb increase in unemployment - Rutkaste http://www.baltic-course.com/eng/markets_and_companies/?doc=156205 The state must continue to provide support to residents in order to limit the rapid growth in unemployment, Uldis Rutkaste, head of the Monetary Policy Department of the Bank of Latvia, said in an interview with Latvian Radio on Thursday. Thu, 28 May 2020 11:20:00 +0300 1590654000