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 Sat, 26 Sep 2020 21:16:46 +0300 Baltic Course, The baltic-course@baltic-course.com dmitrijs@mansbirojs.lv Self-isolation mandatory upon arrival in Latvia from all European countries listed by CDC http://www.baltic-course.com/eng/baltic_states/?doc=159498 As Covid-19 continues to spread, travelers returning to Latvia all European countries listed by the Center for Disease Prevention and Control (CDC) are required to self-isolate, according CDC information LETA reported. Fri, 25 Sep 2020 22:00:00 +0300 1601060400 One step closer to establishing the FSRU terminal in the Bay of Gdansk http://www.baltic-course.com/eng/energy/?doc=159497 Representatives of GAZ-SYSTEM, the Port of Gdansk Authority and the Maritime Office in Gdynia signed a letter of intent regarding cooperation in the construction of a floating storage and regasification unit (FSRU) terminal at the Port of Gdansk. informed Port of Gdansk representatives. Fri, 25 Sep 2020 19:20:00 +0300 1601050800 Electrum Lietuva to buy all electricity from western Lithuanian wind farm http://www.baltic-course.com/eng/good_for_business/?doc=159496 Elektrum Lietuva, a Lithuanian subsidiary of Latvia's energy giant Latvenergo, has contracted to purchase all electricity generated by the Vydmantai wind farm in western Lithuania starting next year, adding around 60 gigawatt-hours (GWh) to its portfolio annually, write LETA/BNS. Fri, 25 Sep 2020 19:00:00 +0300 1601049600 Baltic countries agree on methodology as they prepare to boycott Belarusian nuclear power http://www.baltic-course.com/eng/baltic_states_cis/?doc=159495 In preparation to boycott Belarusian electricity after the country launches its Astravyets nuclear power plant, the Baltic states have drafted a common methodology for electricity trade that includes a system of certificates of origin, as sought by Lithuania, reported LETA/BNS. Fri, 25 Sep 2020 18:15:00 +0300 1601046900 The issue of problems for companies to open bank accounts in Latvia is being addressed http://www.baltic-course.com/eng/finances/?doc=159494 The issue of problems for companies to open bank accounts is being addressed, Ints Dalderis (New Unity), adviser to the Minister of Finance Janis Reirs (New Unity), said in an interview with Latvian Television this mornong, writes LETA/BNS. Fri, 25 Sep 2020 18:10:00 +0300 1601046600 Riga Freeport signs cooperation declaration with Shenzhen port http://www.baltic-course.com/eng/transport/?doc=159493 The Riga Freeport administration during the World Port Strategy Forum remotely signed a cooperation declaration with the Shenzhen port, according to the information published on the Riga Freeport internet website. Fri, 25 Sep 2020 17:30:00 +0300 1601044200 Balticovo turnover increases 4.6% in 2019 http://www.baltic-course.com/eng/markets_and_companies/?doc=159492 Egg and egg products producer Balticovo posted EUR 50.914 mln in turnover last year, an increase of 4.6% on 2018, while the company's profit amounted to EUR 1.614 mln, a decrease of 70% from 2018, according to Firmas.lv writes LETA. Fri, 25 Sep 2020 17:10:00 +0300 1601043000 Baltic countries expand sanctions on Belarusian regime http://www.baltic-course.com/eng/baltic_states_cis/?doc=159491 Lithuania, Latvia and Estonia on Friday expanded sanctions against Belarusian regime officials responsible for vote-rigging and violence against peaceful protesters, writes LETA/BNS. Fri, 25 Sep 2020 16:20:00 +0300 1601040000 Kuldigas Tekstils textile company has suspended operations for ten days http://www.baltic-course.com/eng/markets_and_companies/?doc=159489 Kuldigas Tekstils textile company has suspended its operations for a period of ten days because several employees have contracted Covid-19, Kuldiga local municipality's spokeswoman Kristine Dulbinska told LETA. Fri, 25 Sep 2020 16:10:00 +0300 1601039400 Danske Bank to review its financial operations in Lithuania, Latvia http://www.baltic-course.com/eng/finances/?doc=159490 Following the publication of new information on the transfer of money of dubious origin via Danske Bank's divisions in the Baltic states, one of the largest financial groups in Northern Europe says it is cooperating with the authorities and reviewing its financial operations, but has refrained, however, from commenting on them in detail, writes LETA/BNS. Fri, 25 Sep 2020 16:10:00 +0300 1601039400 Number of foreign trips made by Estonians drops more than 13-fold in Q2 http://www.baltic-course.com/eng/analytics/?doc=159481 The number of domestic trips with an overnight stay made by residents of Estonia in the second quarter of this year was almost three times smaller than during the same period last year, while the number of foreign trips dropped more than 13-fold, Statistics Estonia said on Friday, cites LETA/BNS. Fri, 25 Sep 2020 15:00:00 +0300 1601035200 Future of Estonia's organic farming under question http://www.baltic-course.com/eng/markets_and_companies/?doc=159482 The selling prices of organically farmed agricultural products have dropped almost to the same level as prices of non-organic products, which is calling into question the economic viability of organic farming enterprises, the Estonian Chamber of Agriculture and Commerce said on September 25th, cites LETA/BNS. Fri, 25 Sep 2020 15:00:00 +0300 1601035200 GPS Capital Markets sets up business in Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=159483 American company GPS Capital Markets providing currency exchange services for businesses has established a company in Lithuania, informs LETA/BNS. Fri, 25 Sep 2020 15:00:00 +0300 1601035200 Merko to renovate Tallink City Hotel for EUR 8.6 mln http://www.baltic-course.com/eng/good_for_business/?doc=159480 AS Merko Ehitus Eesti, part of listed Estonian construction group AS Merko Ehitus group, and Vara HTG OU on Thursday entered into a contract for the renovation of Tallink City Hotel in Tallinn, informs LETA/BNS. Fri, 25 Sep 2020 14:30:00 +0300 1601033400 Thermo Fisher Scientific: no coronavirus vaccine production in Vilnius http://www.baltic-course.com/eng/markets_and_companies/?doc=159473 Biotechnology company Thermo Fisher Scientific says its Vilnius branch is not producing coronavirus vaccines but is providing reagents that can be used in the development of a vaccine, informs LETA/BNS. Fri, 25 Sep 2020 10:30:00 +0300 1601019000 New rules to apply in travel from Estonia to Finland starting September 28th http://www.baltic-course.com/eng/legislation/?doc=159474 Due to the increase in the coronavirus infection rate in Estonia, new regulations will start to apply in travel from Estonia to Finland starting from Monday, Sept. 28, the Estonian Foreign Ministry said, cites LETA/BNS. Fri, 25 Sep 2020 10:30:00 +0300 1601019000 Estonian president at UN: pandemic offers opportunity for technological leap http://www.baltic-course.com/eng/legislation/?doc=159471 The coronavirus pandemic and its aftermath have given the world an opportunity for a great global technological leap, Estonian President Kersti Kaljulaid said in her speech at the 75th United Nations General Assembly on September 24th, informs LETA/BNS. Fri, 25 Sep 2020 10:00:00 +0300 1601017200 Protective clothing can be certified in Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=159472 More of personal protection equipment – protective clothing – can from now on be certified in Lithuania after the mandate of the Lithuanian Center for Physical Sciences and Technology (FTMC) was expanded and necessary certificates were issued, the vz.lt news website reports, cites LETA/BNS. Fri, 25 Sep 2020 10:00:00 +0300 1601017200 Lithuanian Transport Minister: Rail Baltica's joint management model poses threat to its continuity http://www.baltic-course.com/eng/transport/?doc=159468 The joint management model of the European standard-gauge railway project Rail Baltica is already posing threat to the project's continuity, Lithuanian Transport Minister Jaroslav Narkevic said on Thursday after hinting about the possibility of building the railway independently without Estonia and Latvia, referred LETA/BNS. Fri, 25 Sep 2020 09:00:00 +0300 1601013600 Lithuania will once again turn to EU energy commissioner over Astravyets http://www.baltic-course.com/eng/energy/?doc=159470 As Belarus plans to launch the Astravyets nuclear power plant's first reactor in November, Lithuania will once again ask Brussels to ensure that the nuclear facility does not come online until stress-test recommendations are implemented, LETA/BNS informed. Fri, 25 Sep 2020 09:00:00 +0300 1601013600 Estonia: Omniva to face peak season with enhanced parcel machine network http://www.baltic-course.com/eng/markets_and_companies/?doc=159469 Estonian postal services company Omniva has begun preparing for its pre-Christmas peak season by adding more lockers to 24 of its parcel machines, LETA/BNS informed. Fri, 25 Sep 2020 08:30:00 +0300 1601011800 90% of domestic payments reach the recipient in just a few seconds http://www.baltic-course.com/eng/direct_speech/?doc=159467 Estonian companies and residents made an average of 462,000 payments a day in August, and 90% of them reached the payee in just a few seconds. All payments made in Estonia within one bank and 61% of interbank payments are settled instantly. Fri, 25 Sep 2020 08:00:00 +0300 1601010000 Baltic, Nordic countries hold potential to promote textile circulation http://www.baltic-course.com/eng/markets_and_companies/?doc=159464 A recent study by Scandinavian and Baltic researchers shows that the Baltic states have great potential to create a circular textile system in cooperation with the Nordic countries, but that many important steps need to be taken by policymakers and stakeholders to realize this, informs LETA/BNS. Thu, 24 Sep 2020 22:00:00 +0300 1600974000 Sweden's Eastnine wants to built wooden office building in Vilnius http://www.baltic-course.com/eng/good_for_business/?doc=159465 Swedish investment company Eastnine, operating the 3 Bures (3 Sails) office complex in Vilnius, would like to build a wooden office building near this complex. It would be the first wooden high-rise building in Lithuania, informs LETA/BNS. Thu, 24 Sep 2020 22:00:00 +0300 1600974000 Labor tax burden in Latvia higher than in Lithuania and Estonia http://www.baltic-course.com/eng/analytics/?doc=159466 Even though personal income tax rates across the Baltic countries are similar, the overall labor tax burden in Latvia is higher than in Lithuania and Estonia, the Free Trade Union Confederation of Latvia finance and tax expert Janis Hermanis said at the confederation's conference today, cites LETA. Thu, 24 Sep 2020 22:00:00 +0300 1600974000 IATA Calls for Systematic COVID-19 Testing Before Departure http://www.baltic-course.com/eng/baltic_states/?doc=159462 The International Air Transport Association (IATA) called for the development and deployment of rapid, accurate, affordable, easy-to-operate, scalable and systematic COVID-19 testing for all passengers before departure as an alternative to quarantine measures in order to re-establish global air connectivity. IATA will work through the International Civil Aviation Organization (ICAO) and with health authorities to implement this solution quickly. Thu, 24 Sep 2020 20:00:00 +0300 1600966800 Xfly breaks into top 10 of Estonian exporters http://www.baltic-course.com/eng/good_for_business/?doc=159458 In the Entrepreneurship Awards 2020, Nordica’s subsidiary Xfly was named one of the 10 most successful Estonian companies in terms of boosting its exports, BC informed Nordica`s representative. Thu, 24 Sep 2020 19:00:00 +0300 1600963200 EU and Helenos back microfinance in Lithuania through investments in the Lithuanian Central Credit Union http://www.baltic-course.com/eng/finances/?doc=159459 The EIF and Helenos, a private equity fund managed by Inpulse, will strengthen the capacity of the Lithuanian Central Credit Union (LCCU) through two investments totalling EUR 3mln. The EIF investment is backed by the European Union under the capacity building’ window of the EU programme for Employment and Social Innovation (EaSI). The financing will support LCCU’s digital infrastructure, risk management and IT system, to strengthen its capital base and scale-up its micro-lending activities in Lithuania. Thu, 24 Sep 2020 17:00:00 +0300 1600956000 Estonian government approves the annual report for financial year 2019 http://www.baltic-course.com/eng/analytics/?doc=159455 The Estonian government at its sitting on Thursday approved the state's consolidated report for the 2019 financial year, writes LETA/BNS. Thu, 24 Sep 2020 15:30:00 +0300 1600950600 Merko, Kapitel sign EUR 8 mln contract for renovation of Nordic Hotel Forum http://www.baltic-course.com/eng/good_for_business/?doc=159453 S Merko Ehitus Eesti, part of listed Estonian construction group Merko Ehitus, and OU Veeilu, subsidiary of AS Kapitel, on Thursday entered into an 8 million euro contract for the renovation of Nordic Hotel Forum located at 3 Viru Square in Tallinn city center, informs LETA/BNS. Thu, 24 Sep 2020 15:00:00 +0300 1600948800 Tallink starting negotiations to reduce port fees in Riga http://www.baltic-course.com/eng/tourism/?doc=159454 At the beginning of October 2020, listed Estonian shipper Tallink will start negotiations with the representatives of the port of Riga (Latvia's capital) on reducing port dues, the "Aktuaalne kaamera" evening news program of public ETV reported on September 23rd, cites LETA/BNS Thu, 24 Sep 2020 15:00:00 +0300 1600948800 EU refuses to recognize Lukashenko as Belarus president http://www.baltic-course.com/eng/baltic_states/?doc=159452 The European Union refuses to recognise Alexander Lukashenko as Belarus president after his inauguration that lacked "democratic legitimacy" and Brussels is reviewing its relations with Minsk, the EU's diplomatic chief said on September 24th, informs LETA/AFP. Thu, 24 Sep 2020 14:00:00 +0300 1600945200 Lithuania's minimum wage could rise by EUR 35 in 2021 http://www.baltic-course.com/eng/analytics/?doc=159445 Lithuania's minimum wage could be raised by about 35 euros to 642 euros as of next January, Social Security and Labor Minister Linas Kukuraitis said on Thursday, cites LETA/BNS. Thu, 24 Sep 2020 10:30:00 +0300 1600932600 Riga municipal housing manager will conduct half planned building repairs in 2020 http://www.baltic-course.com/eng/real_estate/?doc=159443 Rigas Namu Parvaldnieks (RNP) municipal housing manager this year will conduct half of the planned repairs, said RNP board chairman Ronalds Neimanis in an interview with LETA. Thu, 24 Sep 2020 10:00:00 +0300 1600930800 Enterprise Estonia has helped over 100 companies in UAE http://www.baltic-course.com/eng/good_for_business/?doc=159444 More than 100 companies have received export advice and support through the foreign representation of Enterprise Estonia (EAS), which opened in the United Arab Emirates (UAE) in February 2019, informs LETA/BNS. Thu, 24 Sep 2020 10:00:00 +0300 1600930800 Lithuanian Foreign Ministry reports cyber attack http://www.baltic-course.com/eng/legislation/?doc=159442 The Lithuanian Foreign Ministry said on Wednesday evening that fake news had been posted in its name in an apparent complex cyber-information attack, reports LETA/BNS. Thu, 24 Sep 2020 09:30:00 +0300 1600929000 Estonian EconMin agrees to issue bus operator Flixbus permit for Tallinn-Vilnius route http://www.baltic-course.com/eng/transport/?doc=159439 The Estonian Ministry of Economic Affairs and Communications has granted approval to the Lithuanian Transport Safety Administration to issue a Tallinn-Vilnius route permit to Flixbus Estonia OU, writes LETA/BNS. Thu, 24 Sep 2020 09:00:00 +0300 1600927200 Estonia: Roofit.solar developing planning software for electricity-producing roofs http://www.baltic-course.com/eng/Technology/?doc=159440 Estonian solar roof manufacturer Roofit.solar is developing software that enables the planning of electricity-producing roofs as well as traditional metal roofs, writes LETA/BNS. Thu, 24 Sep 2020 09:00:00 +0300 1600927200 Rail Baltic's Muuga cargo terminal to be designed by Sweco Projekt http://www.baltic-course.com/eng/good_for_business/?doc=159441 AS Sweco Projekt on Wednesday entered into a contract for the design of the Muuga cargo terminal of the Rail Baltic railway project. Thu, 24 Sep 2020 09:00:00 +0300 1600927200 Large Cities' Association in Latvia says reduction in municipalities' revenue from personal income tax is unacceptable http://www.baltic-course.com/eng/finances/?doc=159438 The Finance Ministry will have to come up with a clear solution to compensate local governments for a reduction revenues as projected in the draft 2021 budget, the Association of Large Cities of Latvia told LETA after a meeting with the Finance Ministry's representative. Thu, 24 Sep 2020 08:50:00 +0300 1600926600 Lithuania considers building Rail Baltica on its own http://www.baltic-course.com/eng/transport/?doc=159437 As the three Baltic countries continue to disagree on how to carry out the Rail Baltica project more rationally and quickly, Lithuania is considering building the European standard-gauge railway on its territory on its own, Transport Minister Jaroslav Narkevic said. Thu, 24 Sep 2020 08:20:00 +0300 1600924800 Estonia ranked 2nd among European frontrunners in eGovernment, Latvia 4th http://www.baltic-course.com/eng/analytics/?doc=159433 Latvia is again ranked fourth among the European frontrunners in eGovernment, according to the European Commission's annual eGovernment Benchmark. Estonia is even second, writes LETA. Wed, 23 Sep 2020 22:00:00 +0300 1600887600 Latvian, Estonian road authorities launching EUR 2.6 mln cooperation project http://www.baltic-course.com/eng/good_for_business/?doc=159434 The road administrations of Latvia and Estonia are launching a EUR 2.6 million cooperation project aiming to make traffic on the international route safer and smoother and achieve driving time savings, informs LETA/BNS. Wed, 23 Sep 2020 22:00:00 +0300 1600887600 Ignitis Group concluded a financing agreement with the European Investment Bank http://www.baltic-course.com/eng/good_for_business/?doc=159432 On 23 September Ignitis Grupė signed the contract with the European Investment Bank (EIB) for the loan of EUR 110 mln which will be used by Energijos skirstymo operatorius (ESO) to implement an IT solution for smart meters and their data collection and management.The loan duration fixed in the contract is up to 16 years. No additional measures that would guarantee performance of additional obligations (guarantees, securities, mortgage, etc.) are provided in this contract, informed company. Wed, 23 Sep 2020 20:20:00 +0300 1600881600 Baltic Survey: Lithuanians Support the Use of Electric Cars More than Latvians and Estonians http://www.baltic-course.com/eng/analytics/?doc=159424 Within the next few years, the number of electric cars on Latvian roads will increase significantly. Within five years, almost a quarter of people, or 23%, plan on purchasing an electric vehicle, while the leader in electric car use in the Baltics could be Lithuania, where there is the greatest public support, with 92% of the public rating the use of electric cars favourably, according to a survey of residents of the Baltics by Citadele Bank and Norstat. Wed, 23 Sep 2020 16:20:00 +0300 1600867200 In August, actual unemployment rate constituted 8.6% in Latvia http://www.baltic-course.com/eng/analytics/?doc=159420 Data of the Labour Force Survey (LFS) conducted by the Central Statistical Bureau (CSB) show thatin August 2020 actual unemployment rate comprised 8.6 %, which is 0.3 percentage points more than in July. Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.2 %, and, compared to July, it has not changed. Wed, 23 Sep 2020 16:00:00 +0300 1600866000 Throughput at Butinge crude terminal fell by 19% in Jan-Aug http://www.baltic-course.com/eng/transport/?doc=159421 Orlen Lietuva's Butinge crude terminal handled 5.152 million tons of oil in January through August 2020, down 19.4% from 6.393 million tons a year ago, reports LETA/BNS. Wed, 23 Sep 2020 15:00:00 +0300 1600862400 Grains push Klaipeda port cargo volumes up 11% in August http://www.baltic-course.com/eng/good_for_business/?doc=159422 The Lithuanian seaport of Klaipeda handled 30.2 million tons of cargo in January-August, 2020, down of 3.5% year-on-year, the port authority said on Wednesday. In August alone, handling volumes increased by 11%, reports LETA/BNS. Wed, 23 Sep 2020 15:00:00 +0300 1600862400 Number of railway passengers on local routes down 18% in summer in Lithuania http://www.baltic-course.com/eng/transport/?doc=159418 The number of railway passengers went down 17.7% past summer 2020, compared last year, but the drop was not radical, taking into account challenges induced by the coronavirus, says LTG Link, the passenger transportation arm of Lietuvos Gelezinkeliai (Lithuanian Railways), Lithuania's state-owned railway company, cites LETA/BNS. Wed, 23 Sep 2020 14:00:00 +0300 1600858800 Liepaja to put its name to become European Capital of Culture in 2027 http://www.baltic-course.com/eng/good_for_business/?doc=159419 Liepaja will put its name in the running to become European Capital of Culture in 2027, Liepaja City Council spokeswoman Zita Lazdane told LETA. Wed, 23 Sep 2020 14:00:00 +0300 1600858800 Foreign investments in Latvia not to grow considerably, but no steep reduction is expected http://www.baltic-course.com/eng/investments/?doc=159416 Along with the Covid-19 crisis, most believably, foreign investments in Latvia will not grow considerably, but there is not steep reduction expected, either, said Gunta Jekabsone, the board chairwoman of the Foreign Investors' Council in Latvia (FICIL), in an interview with LETA. Wed, 23 Sep 2020 12:00:00 +0300 1600851600 UK's Tradecore sets up business in Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=159415 Tradecore Group, a UK company providing financial services, has established a company in Lithuania, informs LETA/BNS. Wed, 23 Sep 2020 10:00:00 +0300 1600844400 4 customs officers, 3 drivers detained as part of EUR 2.5 mln smuggling probe in Lithuania http://www.baltic-course.com/eng/transport/?doc=159417 Lithuania's Customs Criminal Service has reported about a bold smuggling scheme and detention of four customs officers from the Raigardas road checkpoint, three drivers and seizure of cigarettes worth around 2.5 million euros, informs LETA/BNS. Wed, 23 Sep 2020 10:00:00 +0300 1600844400 Google: coronavirus has no major impact on Lithuanians' mobility http://www.baltic-course.com/eng/analytics/?doc=159414 The recently growing number of coronavirus cases has barely affected mobility of Lithuanian residents, with their movement having even grown in some directions, based on Google's publicly accessible human mobility data, cites LETA/BNS. Wed, 23 Sep 2020 09:30:00 +0300 1600842600 Covid-19 incidence in Latvia is almost 15 times lower than in EU, EEA countries on average http://www.baltic-course.com/eng/analytics/?doc=159412 As the Covid-19 situation in the EU and EEA continues to deteriorate, the two-week cumulative indicator in the area has risen to 76 cases per 100,000 residents which is almost 15 times more than in Latvia, said Jurijs Perevoscikovs, the director of the Disease Risk Analysis and Prevention Department at the Center for Disease Prevention and Control (CDC), informs LETA. Tue, 22 Sep 2020 22:00:00 +0300 1600801200 Lithuania: Ignitis Grupe's fund invests EUR 0.3 mln. into Swedish startup Eliq http://www.baltic-course.com/eng/energy/?doc=159409 Ignitis Inovaciju Fondas (Ignitis Innovation Fund), an investment fund established by Ignitis Grupe (Ignitis Group), Lithuania's state-owned energy group, has invested 295,000 euros in Eliq, a Swedish startup creating software solutions for the energy sector, the group said. Tue, 22 Sep 2020 21:30:00 +0300 1600799400 London, Moscow, Oslo were most popular destinations from Riga in eight months http://www.baltic-course.com/eng/transport/?doc=159408 London, Moscow, and Oslo were the most popular destinations from Riga airport in the first eight months of this year, according to information published by the airport LETA writes. Tue, 22 Sep 2020 21:00:00 +0300 1600797600 Lithuanian Seimas adopts resolution on Belarus' threat to nuclear safety in Europe http://www.baltic-course.com/eng/baltic_states_cis/?doc=159410 The Seimas of Lithuania has on Tuesday adopted a resolution stating that the Astravyets nuclear power plant in Belarus, now nearing completion, poses a threat to nuclear safety of the whole of Europe, therefore preparatory work for its operation, which is absolutely unacceptable due to the existing political instability, should be immediately suspended, informs LETA/BNS. Tue, 22 Sep 2020 21:00:00 +0300 1600797600 Estonian startup Klaus raises EUR 4.6 mln http://www.baltic-course.com/eng/good_for_business/?doc=159407 Klaus, a software company founded by former Pipedrive employees, raised 4.6 mln euros in a recent investment round, writes LETA/BNS. Tue, 22 Sep 2020 19:10:00 +0300 1600791000 Finland's SOL Palvelut buys Lithuania's Ygle Pastatu Valdymas http://www.baltic-course.com/eng/good_for_business/?doc=159406 Finland's property services company SOL Palvelut is buying property services company Ygle Pastatu Valdymas (YPV) from BaltCap Lithuania SME Fund and Agne Grendele, the fund said. Tue, 22 Sep 2020 18:50:00 +0300 1600789800 19 employees of Forevers meatpacker test positive for Covid-19 http://www.baltic-course.com/eng/markets_and_companies/?doc=159405 19 Covid-19 cases have been established among employees of Forevers meatpacking plant, the company's representatives confirmed LETA. Tue, 22 Sep 2020 18:30:00 +0300 1600788600 Nine classes and several teachers in Riga put in quarantine http://www.baltic-course.com/eng/education/?doc=159404 In total nine classes and several teachers have been put in quarantine due to established Covid-19 cases, LETA learned from the Riga City Council education, culture and sports department. Tue, 22 Sep 2020 18:20:00 +0300 1600788000 Latvia: MPC to be cut by 23% in 2021 http://www.baltic-course.com/eng/energy/?doc=159403 On Tuesday the government supported the Economics Ministry's proposal to cut the mandatory purchase component (MPC) on electricity in 2021 by 23% to EUR 17.51 per MWh, reported LETA. Tue, 22 Sep 2020 18:00:00 +0300 1600786800 Luminor lends EUR 2 mln for plastic packaging plant in Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=159397 Luminor Bank has loaned 1.9 million euros for the construction of a new plastic packaging plant of Terekas, a Lithuanian company that operates abroad under the FlexBlow brand, in the western district of Kretinga, informs LETA/BNS. Tue, 22 Sep 2020 16:00:00 +0300 1600779600 EBV Finance setting up operations center in Lithuania http://www.baltic-course.com/eng/good_for_business/?doc=159394 EBV Finance, a Vilnius-based tax refund services provider, is setting up an operations center in Lithuania after becoming part of the global corporation Edenred, informs LETA/BNS. Tue, 22 Sep 2020 15:00:00 +0300 1600776000 Number of ship passengers decreased by 74% in Q2 in Estonia http://www.baltic-course.com/eng/tourism/?doc=159396 According to Statistics Estonia, the number of passengers travelling through ports decreased by 74% in the second quarter compared to the same period of the previous year to 558,300 passengers, while freight transport remained at last year's level, writes LETA/BNS. Tue, 22 Sep 2020 15:00:00 +0300 1600776000 Amount of bribes figuring in criminal cases investigated by Corruption Prevention Bureau in Latvia - EUR 20,000 to EUR 30,000 http://www.baltic-course.com/eng/legislation/?doc=159393 The average amount of bribes figuring in criminal cases that the Corruption Prevention Bureau forwarded to the prosecutor's office from 2013 to 2019 was EUR 20,000 to EUR 30,000, LETA learned at the bureau. Tue, 22 Sep 2020 14:00:00 +0300 1600772400 Government in Latvia approves allocation of extra funds from 2021 budget and changes to several taxes http://www.baltic-course.com/eng/finances/?doc=159411 The Cabinet of Ministers on Tuesday supported allotting extra funds from the 2021 budget for increasing healthcare workers and teachers' salaries, as well as changing several taxes to improve social protection of residents, informs LETA. Tue, 22 Sep 2020 12:00:00 +0300 1600765200 Roaming stats: number of foreigners visiting Estonia fell by 54% in summer http://www.baltic-course.com/eng/analytics/?doc=159389 According to telecommunications company Elisa's roaming services statistics, the network served 54% fewer foreigners this summer than last year and 34% fewer Estonians travelled abroad in the summer 2020, reports LETA/BNS. Tue, 22 Sep 2020 11:00:00 +0300 1600761600 Litgrid: Kaliningrad power system's isolated operation test went smoothly http://www.baltic-course.com/eng/energy/?doc=159387 The Kaliningrad power system's isolated operation test did not cause any problems over the weekend, Lithuania's power transmission system operator Litgrid said, cites LETA/BNS. Tue, 22 Sep 2020 10:00:00 +0300 1600758000 Merzlikins becomes first Latvian hockey player to be named to NHL All-Rookie Team http://www.baltic-course.com/eng/good_for_business/?doc=159388 The Columbus Blue Jackets goaltender Elvis Merzlikins has become the first Latvian hockey player to be named to the NHL's All-Rookie Team, informs LETA. Tue, 22 Sep 2020 10:00:00 +0300 1600758000 Estonian company develops technology that detects potholes http://www.baltic-course.com/eng/good_for_business/?doc=159386 Estonian technology company EyeVi Technologies is developing the in-car mapping technology EyeVi, which automatically detects road markings and road surface defects as well as creates accurate maps for driving self-driving cars. Tue, 22 Sep 2020 09:30:00 +0300 1600756200 US billionaire Ahmad Khawaja arrested in Lithuania http://www.baltic-course.com/eng/legislation/?doc=159385 US billionaire Ahmad Khawaja was arrested by Lithuanian law-enforcement officials in Vilnius on September 3, according the 15min.lt news website information reported LETA/BNS. Tue, 22 Sep 2020 09:20:00 +0300 1600755600 Traffic at Lithuania-Belarus border continues as normal http://www.baltic-course.com/eng/transport/?doc=159380 Despite last week's announcement by President Alexander Lukashenko that Belarus was closing its borders with Lithuania and Poland, cross-border traffic at Lithuania's border with Belarus continues as normal, the commander of the Lithuanian State Border Guard Service said LETA/BNS. Tue, 22 Sep 2020 08:55:00 +0300 1600754100 Tallinn expands free meals, fee subsidy to private childcare, kindergartens http://www.baltic-course.com/eng/education/?doc=159381 The city of Tallinn has decided to start covering retroactively, from Sept. 1, the cost of the kindergarten meals of children attending a private kindergarten or private childcare service and compensating parents of special education needs children for kindergarten tuition, writes LETA/BNS. Tue, 22 Sep 2020 08:50:00 +0300 1600753800 Freight handling by Estonian ports up 3% in August y-o-y http://www.baltic-course.com/eng/good_for_business/?doc=159375 Estonian ports handled 2.96 million tons of cargoes in August, 3% more than in the same month last year, data available from Statistics Estonia show, cites LETA/BNS. Mon, 21 Sep 2020 22:00:00 +0300 1600714800 Covid-19 crisis has created preconditions for transport industry to exit the crisis much stronger in Latvia http://www.baltic-course.com/eng/transport/?doc=159376 The Covid-19 crisis has had a serious impact on the transport industry, but it has also revealed opportunities to improve the industry's efficiency and created preconditions for the industry to exit the crisis much stronger, Transport Minister Talis Linkaits (New Conservative Party) said at European transport ministers' virtual conference today, informs LETA. Mon, 21 Sep 2020 22:00:00 +0300 1600714800 Re:Baltica: Some of Yanukovich's plundered funds may have gone through five banks in Latvia http://www.baltic-course.com/eng/legislation/?doc=159372 Ukraine’s ousted president Viktor Yanukovych, his associates and competitors might have used several Latvian banks for their illegal funds, including Aizkraukles Banka (now ABLV Bank), Baltikums Bank (now BlueOrange Bank, Baltic International Bank, now closed Trasta Komercbanka (TKB) and PrivatBank, said Re:Baltica investigative journalism center, citing FinCEN Files, LETA informed. Mon, 21 Sep 2020 21:10:00 +0300 1600711800 Lithuanian, Belgian labor inspectors inspect company in EU4FairWork campaign http://www.baltic-course.com/eng/markets_and_companies/?doc=159370 Lithuanian and Belgian labor inspectors inspected the same company in their countries at the same time as part of the #EU4FairWork Week of Action that kicked off this week, writes LETA/BNS. Mon, 21 Sep 2020 20:50:00 +0300 1600710600 Latvia: coalition reaches agreement on 2021 budget and main principles of tax reform http://www.baltic-course.com/eng/finances/?doc=159371 After lengthy discussions, the ruling coalition parties today reached agreement on the 2021 state budget and the main principles of the pending tax reform, writes LETA. Mon, 21 Sep 2020 20:50:00 +0300 1600710600 SEB survey: Consumption in Estonia at same level as last year at end of summer http://www.baltic-course.com/eng/analytics/?doc=159368 An analysis of consumer behavior conducted by SEB among Estonian people in August shows that consumption reached the same level by the end of summer as at the same time last year, reported LETA/BNS. Mon, 21 Sep 2020 16:20:00 +0300 1600694400 Ignitis share to cost EUR 22.5 to 28 at IPO http://www.baltic-course.com/eng/good_for_business/?doc=159367 Starting from September 21, Nasdaq Vilnius will run the Lithuanian state-owned energy group Ignitis Group's share auction as a part of its initial public offering (IPO), during which approximately 470.3 to 585.2 mln euros' worth of shares will be listed and the price range of a share is 22.5 to 28 euros. Mon, 21 Sep 2020 16:20:00 +0300 1600694400 Data exchange between population registers of Estonia, Finland switches to X-Road http://www.baltic-course.com/eng/Technology/?doc=159369 Data exchange between the population registers of Estonia and Finland has partially switched to the X-Road platform, the Estonian Ministry of the Interior said. Mon, 21 Sep 2020 16:20:00 +0300 1600694400 In August, the industrial producer price index increased by 1.1% in Estonia http://www.baltic-course.com/eng/analytics/?doc=159360 According to Statistics Estonia, in August, the producer price index of industrial output increased by 1.1% compared to July 2020 and decreased by 2.2% compared to August 2019. Mon, 21 Sep 2020 16:00:00 +0300 1600693200 Latvian startups attract investments worth EUR 13 mln in eight months http://www.baltic-course.com/eng/good_for_business/?doc=159365 In the first eight months of this year, Latvian startups attracted investments worth EUR 13 mln, said Diana Lace-Davidova, the executive direction of the Latvian association of startups, Startin.lv, in a forum today, referred LETA. Mon, 21 Sep 2020 16:00:00 +0300 1600693200 Estonia seeking to reduce CO2 emissions by up to 38% by 2035 http://www.baltic-course.com/eng/good_for_business/?doc=159366 Estonia wishes to reduce carbon dioxide emissions by 23 to 38% by 2035, while the end consumption of energy by transport would not increase and the share of renewable energy in it would be at least 22.7%, it appears from the initial version of the country's new transport and mobility development plan for 2021-2035, cites LETA/BNS. Mon, 21 Sep 2020 15:40:00 +0300 1600692000 Freight volumes up 0.6% in Lithuania in H1 http://www.baltic-course.com/eng/good_for_business/?doc=159359 Some 81.3 million tons of freight were transported in Lithuania by all means of transport in the first half of 2020, up 0.6% from January-June, 2019, writes LETA/BNS. Mon, 21 Sep 2020 15:00:00 +0300 1600689600 Harju Elekter in Sweden to upgrade electrical substation for EUR 3.5 mln http://www.baltic-course.com/eng/good_for_business/?doc=159357 The Swedish subsidiary of listed Estonian electrical equipment manufacturer Harju Elekter Group, SEBAB AB, signed a 3.5 million euro electrical project contract with the administrative body Region Stockholm, which is responsible for public transport; the contract will be the basis for the major refurbishment of the Slussen metro station's substation, informs LETA/BNS. Mon, 21 Sep 2020 14:00:00 +0300 1600686000 Recipients of unreported wages in Latvia receive by EUR 400 less in sick benefits http://www.baltic-course.com/eng/analytics/?doc=159358 Recipients of unreported wages receive by EUR 400 less in sick benefits than those who pay all taxes, said State Revenue Service general director Ieva Jaunzeme in an interview with the Latvian public radio, cites LETA. Mon, 21 Sep 2020 14:00:00 +0300 1600686000 Unemployment rate down to 8% in Latvia in mid-September http://www.baltic-course.com/eng/analytics/?doc=159351 By the middle of September, unemployment rate in Latvia has declined to 8%, said State Employment Agency director Evita Simsone in an interview with the Latvian public television today, cites LETA. Mon, 21 Sep 2020 12:00:00 +0300 1600678800 Estonia might become flag country for environment friendly ships http://www.baltic-course.com/eng/good_for_business/?doc=159348 In choosing its path of development in maritime affairs, Estonia should focus of environment friendliness and aim to become a flag country for green ships, it appears from a study to be published soon, informs LETA/BNS. Mon, 21 Sep 2020 10:00:00 +0300 1600671600 Latvian railway company will need state support until 2025 http://www.baltic-course.com/eng/transport/?doc=159349 Latvijas Dzelzcels (LDz) railway company will need financial support from the state until 2025, said LDz board chairman Maris Kleinbergs in an interview with LETA. Mon, 21 Sep 2020 10:00:00 +0300 1600671600 Usakovs and Ameriks too voted against Nord Stream 2 resolution at EU Parliament http://www.baltic-course.com/eng/energy/?doc=159347 Not only did MEP from Latvia Tatjana Zdanoks (Latvian Union of Russians) vote against the European Parliament resolution demanding that sanctions against the Russian Federation should be strengthened and the construction of the Nord Stream 2 gas pipeline should be halted over the poisoning of Russian opposition politician Alexei Navalny, but also MEPs Nils Usakovs (Harmomy) and Andris Ameriks (Honor to Serve Riga), informs LETA. Mon, 21 Sep 2020 09:30:00 +0300 1600669800 Lithuania's COVID-19 committee to decide on measures as coronavirus cases grow http://www.baltic-course.com/eng/baltic_states/?doc=159346 As the number of new coronavirus cases jumped over the weekend, Lithuania's COVID-19 management committee will meet to decide on measures to contain the spread of the virus, LETA/BNS informed. Mon, 21 Sep 2020 09:20:00 +0300 1600669200 Attorney Pavels Rebenoks has been murdered http://www.baltic-course.com/eng/legislation/?doc=159344 Attorney Pavels Rebenoks has been murdered, the State Police have confirmed to LETA. Mon, 21 Sep 2020 09:00:00 +0300 1600668000 airBaltic Receives its 23rd Airbus A220-300 http://www.baltic-course.com/eng/good_for_business/?doc=159345 Latvian airline airBaltic on September 20, 2020 in Riga welcomed its 23rd Airbus A220-300 jet, registered as YL-AAW. The 23rd aircraft is one of the 50 Airbus A220-300 airBaltic has ordered. In addition, airBaltic holds 30 options for the same aircraft type. By the end of 2020 airBaltic plans to have a total of 25 Airbus A220-300 jets in its fleet. Mon, 21 Sep 2020 09:00:00 +0300 1600668000 Investors advised by J.P. Morgan buy Nordic, Baltic energy provider Adven http://www.baltic-course.com/eng/good_for_business/?doc=159341 Investment companies Infracapital and AMP Capital announced on Friday that they have agreed the sale of their combined ownership interest in Adven, a leading provider of energy solutions across the Nordics and Baltics, to institutional investors advised by J.P. Morgan Asset Management, reports LETA/BNS. Fri, 18 Sep 2020 22:00:00 +0300 1600455600 Shipping of rail freight in Latvia declined by 45.8% in January-August http://www.baltic-course.com/eng/transport/?doc=159342 In the first eight months of 2020, shipping of rail freight in Latvia fell 45.8% from the same period a year ago to 15.385 million tons, reports LETA, according to the data released by the Transport Ministry. Fri, 18 Sep 2020 22:00:00 +0300 1600455600 Russian ForMin requests presence of Estonian ambassador to clarify IT company CEO case http://www.baltic-course.com/eng/baltic_states_cis/?doc=159339 Estonian Ambassador Margus Laidre visited the Russian Ministry of Foreign Affairs, which was interested in the circumstances of the escape to Estonia of Aleksandr Litreev, a cyber security specialist and activist under criminal investigation, according the Estonian daily Postimees inforation writes LETA/BNS. Fri, 18 Sep 2020 20:20:00 +0300 1600449600 Self-isolation mandatory also for travelers returning to Latvia from Lithuania http://www.baltic-course.com/eng/baltic_states/?doc=159337 As Covid-19 continues to spread, also travelers returning to Latvia from Lithuania are required to self-isolate, according to the latest data released by the Center for Disease Prevention and Control (CDC), writes LETA. Fri, 18 Sep 2020 20:00:00 +0300 1600448400
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