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 Tue, 14 Jul 2020 20:42:46 +0300 Baltic Course, The baltic-course@baltic-course.com dmitrijs@mansbirojs.lv A builder is being sought to rebuild the highest TV tower in the European Union http://www.baltic-course.com/eng/good_for_business/?doc=157407 The Latvia State Radio and Television Centre SJSC (LVRTC) has announced the first round of a closed tender to select a contractor to rebuild the highest TV tower in the European Union. Information about the opportunity to take part in the closed tender has been sent to both builders in Latvia and the biggest and most experienced building contractors in the European Union. The closed tender will be held in two rounds and the deadline for submission of applications for the first round is 4th September. Tue, 14 Jul 2020 17:10:00 +0300 1594735800 Government approves EUR 51 mln allocation to subsidize wages in Latvian exporting enterprises http://www.baltic-course.com/eng/markets_and_companies/?doc=157401 The government today approved the Economics Ministry's proposal to allocate EUR 51 million for wage subsidies to exporting enterprises that have suffered from the Covid-19 crisis, reports LETA. Tue, 14 Jul 2020 17:00:00 +0300 1594735200 Citizens call for bigger EU budget to tackle crisis http://www.baltic-course.com/eng/analytics/?doc=157403 A majority, that is 56 percent of Europeans, says the European Union should have more financial means to overcome the impact of the pandemic. Public health tops the priority list, with economic recovery and climate change, it appears from the results of a recent survey by pollster Kantar, informs LETA/BNS. Tue, 14 Jul 2020 17:00:00 +0300 1594735200 Estonia's 2020 renewable energy subsidy budget short of EUR 9 mln http://www.baltic-course.com/eng/energy/?doc=157404 Although the government decided last week to allocate four million euros to cover costs for renewable energy instead of raising prices, there is still a shortfall of nine million euros in the estimated amount of subsidy that producers will be eligible for by the end of the year, public broadcaster ERR reported, cites LETA/BNS. Tue, 14 Jul 2020 17:00:00 +0300 1594735200 Lithuanian Railways looks to buy new passenger trains for EUR 200 mln http://www.baltic-course.com/eng/good_for_business/?doc=157406 The passenger transportation arm of Lietuvos Gelezinkeliai (Lithuanian Railways) has launched market consultations on renewing its train fleet, with plans to purchase new passenger trains for over 200 mln euros. Tue, 14 Jul 2020 16:10:00 +0300 1594732200 Government in Latvia allots EUR 28.5 mln for local governments' investment projects http://www.baltic-course.com/eng/good_for_business/?doc=157399 The Cabinet of Ministers today approved issuing EUR 28,490,923 in loans for municipal investment projects, also providing local governments with new opportunities to take out loans, informs LETA. Tue, 14 Jul 2020 16:00:00 +0300 1594731600 Bank of Lithuania: The number of electronic money and payment institutions as well as the sector’s income continue on an upward trend http://www.baltic-course.com/eng/finances/?doc=157402 At the end of 2019, a total of 115 electronic money institutions (EMIs) and payment institutions (PIs) operated in Lithuania, comprising a one-fifth increase compared to the previous year. Tue, 14 Jul 2020 15:40:00 +0300 1594730400 Unique photo exhibition in Vilnius and Paris marks Bastille Day http://www.baltic-course.com/eng/forums/?doc=157405 A unique photo exhibition about life in Vilnius and Paris during the coronavirus quarantine is to be opened in the two capitals on Tuesday as France celebrates Bastille Day, its national holiday, informed LETA/BNS. Tue, 14 Jul 2020 15:40:00 +0300 1594730400 European educational revolution: moving from national to continental dimension http://www.baltic-course.com/eng/modern_eu/?doc=157398 Reforms in education policies and consequential transformation of high schools and universities have to be accelerated to prepare young people for the jobs of tomorrow in a fast-changing society, and decision-makers to be empowered for solutions reflecting modern European and global challenges. The EU’s efforts to create “European universities” represent ideas that would change traditional approaches to a nation-concentrated sphere into a continental one. Tue, 14 Jul 2020 14:30:00 +0300 1594726200 Chamber of Agriculture to organize special flight to Estonia for Ukrainian workers http://www.baltic-course.com/eng/baltic_states_cis/?doc=157397 The Estonian Chamber of Agriculture and Commerce is to organize a charter flight in the near future to fly Ukrainian workers to Estonia, reported LETA/BNS. Tue, 14 Jul 2020 14:20:00 +0300 1594725600 University of Tartu still most reputable higher education institution in Estonia http://www.baltic-course.com/eng/education/?doc=157396 A survey regarding universities carried out by pollster Kantar Emor among Estonians aged 15–74 in May this year revealed that representatives of all age groups still consider the University of Tartu to be the most prestigious higher education institution in the country, additionally, for 65 percent of respondents, the University of Tartu stood out in terms of its contribution to the fight against coronavirus, foremost in studies and research, writes LETA/BNS. Tue, 14 Jul 2020 14:10:00 +0300 1594725000 Natural gas supply to Latvia via Lithuania doubles in H1 http://www.baltic-course.com/eng/good_for_business/?doc=157395 A total of 2.5 terawatt-hours (TWh) of natural gas were transported through Lithuania to Latvia in the first half of 2020, a two-fold increase from 1.2 TWh in the same period last year, Lithuania's natural gas transmission system operator said LETA/BNS. Tue, 14 Jul 2020 14:00:00 +0300 1594724400 Estonia: Passenger vehicle, self-driving bus collide in Tallinn's Ulemiste City http://www.baltic-course.com/eng/legislation/?doc=157393 At 10:52 a.m. on Tuesday morning, the alarm center received a call that a Skoda Octavia passenger car had collided with a self-driving electric bus in Tallinn's Ulemiste City district, according the Estonian daily Postimees information writes LETA/BNS. Tue, 14 Jul 2020 13:45:00 +0300 1594723500 New light-vehicle registrations in the Baltic States declined by 52% in 2Q 2020 http://www.baltic-course.com/eng/analytics/?doc=157392 Analysis of fully-processed registrations’ data performed by AV Automotive Research / AutoTyrimai, based on source data obtained from Regitra (Lithuania), CSDD (Latvia) and Maanteeamet (Estonia), indicates that new light-vehicle (M1&N1) registrations in the Baltic States slumped by whopping 52.1% to 14’199 units in II quarter 2020. Tue, 14 Jul 2020 13:20:00 +0300 1594722000 Ventspils port terminals see 41.1% drop in cargo turnover in H1 http://www.baltic-course.com/eng/transport/?doc=157378 During the first six months of 2020, terminals operating at the northwestern Latvian port of Ventspils reloaded 6.8 million tons of cargo, which is a decrease of 41.1 percent against the respective period a year ago, writes LETA, according to the information published by the Ventspils port. Tue, 14 Jul 2020 12:00:00 +0300 1594717200 Riga airport might serve 130,000 passengers in July http://www.baltic-course.com/eng/good_for_business/?doc=157379 International airport Riga in July might serve about 130,000 passengers compared to 55,000 a month ago, said the airport's board chairwoman Laila Odina in an interview with the Latvian commercial TV3 television today, cites LETA. Tue, 14 Jul 2020 12:00:00 +0300 1594717200 Rally Estonia organizers calling on residents to offer home accommodation to spectators http://www.baltic-course.com/eng/forums/?doc=157380 The organizers of Rally Estonia, which is to be held at the beginning of September, invite the people of South Estonia to share information about home accommodation options in order to ensure the safest and most comfortable accommodation possible for rally guests during the continuing global coronavirus crisis, writes LETA/BNS. Tue, 14 Jul 2020 12:00:00 +0300 1594717200 Vilnius bourse resumes trading in Grigeo shares http://www.baltic-course.com/eng/finances/?doc=157381 Nasdaq Vilnius is resuming trading in Grigeo shares on Tuesday after the Lithuanian paper and cardboard producer released its audited annual report for 2019, the stock exchange said. Tue, 14 Jul 2020 11:00:00 +0300 1594713600 Employers will have to explain how they can pay low wages to employees - Jaunzeme http://www.baltic-course.com/eng/finances/?doc=157377 In order to fight unreported wages more successfully, the State Revenue Service will submit legislative amendments to the law on state social insurance, that will make employers prove the reason for paying low wages, said State Revenue Service (VID) general director Ieva Jaunzeme, referred LETA. Tue, 14 Jul 2020 09:50:00 +0300 1594709400 Coalition supports stricter control of incoming travelers in Latvia amid ongoing Covid-19 pandemic http://www.baltic-course.com/eng/markets_and_companies/?doc=157374 The government coalition today supported the proposal to increase the control of people arriving in Latvia from foreign countries amid the ongoing Covid-19 pandemic, Prime Minister Krisjanis Karins (New Unity) told journalists LETA. Tue, 14 Jul 2020 09:20:00 +0300 1594707600 Elektrum Lietuva: Wholesale electricity prices fall across Baltics for 2nd week running http://www.baltic-course.com/eng/energy/?doc=157375 Wholesale electricity prices fell in all three Baltic countries for the second week in a row amid increased cross-border energy flows within the region and higher-than-usual flows from the Nordic countries, Elektrum Lietuva said. Tue, 14 Jul 2020 09:20:00 +0300 1594707600 Shipping of rail freight in Latvia down 47.2% in H1 http://www.baltic-course.com/eng/transport/?doc=157376 In the first half of 2020, shipping of rail freight in Latvia fell 47.2% from the same period a year ago to 11.563 mln tons, according to the data released by the Transport Ministry cited LETA. Tue, 14 Jul 2020 09:20:00 +0300 1594707600 Rzeczpospolita editor: Polish president sees Lithuania's Nauseda as his personal ally http://www.baltic-course.com/eng/baltic_states/?doc=157373 Polish President Andrzej Duda regards Lithuania as a strategic partner and considers President Gitanas Nauseda as his personal ally, Jerzy Haszczynski, foreign affairs editor at the Polish daily Rzeczpospolita's foreign affairs editor, has said LETA/BNS. Tue, 14 Jul 2020 09:10:00 +0300 1594707000 PM Karins promises to resume political talks on tax changes after Finance Ministry's analysis http://www.baltic-course.com/eng/finances/?doc=157371 Suspended discussions on Latvia's next tax reforms will resume after the Finance Ministry completes its analysis, Prime Minister Krisjanis Karins (New Unity) told journalists LETA. Tue, 14 Jul 2020 09:00:00 +0300 1594706400 Estonia: Address data system services to be modernized http://www.baltic-course.com/eng/markets_and_companies/?doc=157372 The Estonian Land Board received almost half a million euros from the European Union Structural Funds for the development of address data system (ADS) services -- first of all, the services needed for the population and housing census will be developed, while existing services will also be made more reliable and new data will be added, writes LETA/BNS. Tue, 14 Jul 2020 09:00:00 +0300 1594706400 Foreigners might lose Latvian residence permits for flouting self-isolation requirement http://www.baltic-course.com/eng/legislation/?doc=157370 Foreigners from non-EU countries who flout the 14-day self-isolation requirement on arriving in Latvia should be stripped of their temporary residence permits or visas, Foreign Minister Edgars Rinkevics (New Unity) believes, cites LETA. Mon, 13 Jul 2020 22:30:00 +0300 1594668600 EU survey puts Lithuanian's average net household wealth at EUR 84,300 http://www.baltic-course.com/eng/analytics/?doc=157368 Lithuanian households' net wealth averages 84,300 euros, well below the European average of 229,200 euros, but wealth inequality in the country is among the lowest in Europe, writes LETA/BNS, according to the European Household Finance and Consumption Survey. Mon, 13 Jul 2020 22:00:00 +0300 1594666800 Nordnet borrows EUR 3.8 million from Citadele for the expansion http://www.baltic-course.com/eng/good_for_business/?doc=157369 Nordnet OU, an Estonian company specializing in the logistics of refrigerated and frozen products, has borrowed 3.8 million euros from Citadele Pank to buy out majority owners and move forward with plans for expansion, informs LETA. Mon, 13 Jul 2020 22:00:00 +0300 1594666800 Cargo handled by Latvian ports down 30.1% in H1 http://www.baltic-course.com/eng/transport/?doc=157367 Latvian ports handled 22.628 million tons of cargo in January-June 2020, which is 30.1 percent less than in the same period last year, writes LETA, according to the Transport Ministry's data. Mon, 13 Jul 2020 21:00:00 +0300 1594663200 airBaltic and Icelandair announce codeshare agreement http://www.baltic-course.com/eng/good_for_business/?doc=157359 Latvian national airline airBaltic and Icelandic carrier Icelandair have signed a codeshare agreement that opens new markets for the carriers by allowing them to sell and issue airline tickets jointly throughout their networks, airBaltic spokeswoman Alise Briede reported LETA. Mon, 13 Jul 2020 16:00:00 +0300 1594645200 Maciulis: Polish-EU ties to remain strained after Duda's re-election http://www.baltic-course.com/eng/baltic_states/?doc=157358 Poland's relations with the European Union will remain strained if Poland's conservative President Andrzej Duda wins a second term, a Lithuanian economist said on Monday, cites LETA/BNS. Mon, 13 Jul 2020 15:00:00 +0300 1594641600 Kekava poultry farm reports 12% increase of Latvian sales in June http://www.baltic-course.com/eng/good_for_business/?doc=157360 In June 2020, poultry farm Putnu Fabrika Kekava (Kekava) saw its sales in Latvia rise 12 percent against the same period a year ago, LETA was told at the company. Mon, 13 Jul 2020 14:50:00 +0300 1594641000 Road hauliers again filling up at stations in Estonia http://www.baltic-course.com/eng/transport/?doc=157356 Since the difference in the price of diesel sold at filling stations in Estonia and in neighboring countries such as the other Baltic states or Russia has narrowed to almost zero, Estonian road hauliers are no longer keen to have their trucks fill up in other countries, Postimees reported over the weekend, cites LETA/BNS. Mon, 13 Jul 2020 14:30:00 +0300 1594639800 Orkla Latvija opens online store http://www.baltic-course.com/eng/good_for_business/?doc=157354 Orkla Latvija food manufacturer has opened an online store, LETA learned from the company. Mon, 13 Jul 2020 14:30:00 +0300 1594639800 LIAA: Latvia lifts most restrictions – becomes the safest and freest European travel destination http://www.baltic-course.com/eng/tourism/?doc=157352 With one of the lowest COVID-19 infection rates in Europe, a sparsely populated land, and a propensity for outdoor entertainment, Latvia has become one of the safest travel destinations for the summer of 2020. Combined with lifted restrictions, it is also the destination where travelers can most freely enjoy their vacation, BC informed Investment and Development Agency od Latvia (LIAA). Mon, 13 Jul 2020 13:45:00 +0300 1594637100 Pork prices in Latvia 19.8% lower in May http://www.baltic-course.com/eng/markets_and_companies/?doc=157341 Pork prices in Latvia this past May were on the average 19.8 percent lower than in April 2019 or EUR 152.2 per 100 kilograms, writes LETA, according to data from the Agriculture Ministry's Market and Direct Support Department. Mon, 13 Jul 2020 12:00:00 +0300 1594630800 Latvia plans marketing activities to attract more tourists from Finland http://www.baltic-course.com/eng/good_for_business/?doc=157342 Latvia is planning marketing activities to attract more tourists from Finland which has been defined as one of target countries, LETA was told at the Economics Ministry. Mon, 13 Jul 2020 12:00:00 +0300 1594630800 43% Latvians have cancelled planned trips due to pandemic http://www.baltic-course.com/eng/analytics/?doc=157344 Due to the Covid-19 pandemic, 43 percent of Latvian residents have changed their summer vacation plans this year, canceling their planned trips abroad and also here in Latvia, informs LETA, according to the results of a survey conducted by Ferratum Group. Mon, 13 Jul 2020 12:00:00 +0300 1594630800 Latvia has already allocated EUR 842.63 mln for Covid-19 crisis alleviation http://www.baltic-course.com/eng/legislation/?doc=157343 By the beginning of July, the state has allocated EUR 842.63 million in funding to alleviate the crisis caused by Covid-19, LETA was informed by the Ministry of Finance (MoF). Mon, 13 Jul 2020 10:00:00 +0300 1594623600 60% of used cars registered in Latvia in H1 are more than 11 years old http://www.baltic-course.com/eng/transport/?doc=157339 Most of the used cars registered in Latvia in the first half of 2020, or 60 percent, are more than 11 years old, according to information released by the Auto Association. Mon, 13 Jul 2020 09:20:00 +0300 1594621200 airBaltic carrier to reopen Riga-Liepaja route http://www.baltic-course.com/eng/good_for_business/?doc=157337 Latvia's airBaltic national carrier today will restart flights on the Riga-Liepaja route, the company's representative Alise Briede informed LETA. Mon, 13 Jul 2020 09:00:00 +0300 1594620000 21% of employees have been exposed to discriminatory treatment at work in Latvia in past 3 years http://www.baltic-course.com/eng/analytics/?doc=157338 As many as 21% of employees in Latvia have been exposed to discriminatory treatment at work over the past three years, according Ombudsman Juris Jansons' study comparing workplace discrimination in 2011 and 2020, writes LETA. Mon, 13 Jul 2020 08:20:00 +0300 1594617600 Latvia: John Tully elected as a member of the AmCham Board http://www.baltic-course.com/eng/markets_and_companies/?doc=157336 John Martin Tully, CEO of Mikrotikls has been elected to the AmCham Board of Directors replacing George Miu, General Manager of Radisson Blu Elizabete and Radisson Blu Ridzene Hotels. Tully assumes the position immediately and will serve the remaining portion of Miu’s term until 2022. Mon, 13 Jul 2020 08:20:00 +0300 1594617600 Self-isolation mandatory for Latvian travelers arriving from Croatia, lifted for arrivals from UK http://www.baltic-course.com/eng/legislation/?doc=157333 Travelers arriving in Latvia from Croatia and San Marino are required to self-isolate for 14 days because of an increased Covid-19 incidence in these countries, whereas arrivals from the UK and Monaco are no longer required to self-isolate, informs LETA, according to the latest data released by the Center for Disease Prevention and Control (CDC). Fri, 10 Jul 2020 22:00:00 +0300 1594407600 Tez Tour adds more Crete, Peloponnese flights in summer http://www.baltic-course.com/eng/good_for_business/?doc=157334 Lithuania's tour operator Tez Tour will run more flights to Greek islands after cancelling travel to Bulgaria due to a spike in coronavirus cases, informs LETA/BNS. Fri, 10 Jul 2020 22:00:00 +0300 1594407600 Freeport of Ventspils reports 40.9% drop in cargo turnover in H1 http://www.baltic-course.com/eng/transport/?doc=157332 During the first half 2020 cargo turnover in the Freeport of Ventspils fell 40.9% from the respective period a year ago, informs LETA, according to information available on the port's website. Fri, 10 Jul 2020 21:00:00 +0300 1594404000 White Square 2020 Announced The Winners http://www.baltic-course.com/eng/forums/?doc=157331 On July 9, the Award Ceremony of the winners of one of the largest creative events in Europe – International Advertising Festival White Square, which this year was the first time held online and performed on the international stage under the slogan Time to Win! Fri, 10 Jul 2020 18:50:00 +0300 1594396200 In May, foreign trade turnover in Latvia fell by 24.1% y-o-y http://www.baltic-course.com/eng/analytics/?doc=157322 Provisional data of the Central Statistical Bureau show that in May 2020, due to epidemiological crisis caused by Covid-19, the foreign trade turnover of Latvia amounted to EUR 1.93 billion, which at current prices was 24.1 % less than a year ago, of which the exports value of goods dropped by 16.8 %, but imports value of goods – by 29.6 %. In May Latvia exported goods in the amount of EUR 906.1 billion, but imported – in the amount of EUR 1.03 billion. Fri, 10 Jul 2020 18:00:00 +0300 1594393200 Annual HICP inflation in June made 0.9% in Lithuania http://www.baltic-course.com/eng/analytics/?doc=157316 In June 2020, according to the harmonised index of consumer prices (HICP), which is methodologically harmonised with those of other EU member states, the calculated: average annual inflation, same as average annual inflation calculated based on the consumer price index (CPI), stood at 1.9 per cent; annual inflation (June 2020, against June 2019) stood at 0.9 per cent, the CPI-based one – 1 per cent in Lithuania. Fri, 10 Jul 2020 17:00:00 +0300 1594389600 Covid-19 outbreak: restaurants in Latvia to work shorter hours http://www.baltic-course.com/eng/markets_and_companies/?doc=157320 In order to contain the spread of the Covid-19 coronavirus and prevent an increase in the number of new Covid-19 cases in Latvia, the government today approved shortening public catering establishments' opening hours, informs LETA. Fri, 10 Jul 2020 16:00:00 +0300 1594386000 Initiative by Estonia's TalTech, EU universities granted EUR 5 mln in financing http://www.baltic-course.com/eng/education/?doc=157327 The Tallinn University of Technology (TalTech) in cooperation with top European technology universities has been granted five mln euros in financing by the European Commission for the creation of EuroTeQ Engineering University -- a shared ambition in education and research as well as in business cooperation with global tech giants like Siemens, Total and BMW. Fri, 10 Jul 2020 15:40:00 +0300 1594384800 Estonia: ELMO Rent buys 15 electric vehicles from Volkswagen http://www.baltic-course.com/eng/good_for_business/?doc=157328 The short-term electric car-rental company ELMO Rent has bought 15 Volkswagen e-up electric vehicles from the Mustamae sales and service center of car dealership Moller Auto. Fri, 10 Jul 2020 15:40:00 +0300 1594384800 Swedbank economist: Outlook for external demand improving http://www.baltic-course.com/eng/analytics/?doc=157326 Swedbank chief economist Tonu Mertsina said that according to Statistics Estonia, the decline in exports deepened, but pointed out that the outlook for foreign demand is nevertheless improving. Fri, 10 Jul 2020 15:20:00 +0300 1594383600 ALA Architects wins the competition for new Estonian Business School building http://www.baltic-course.com/eng/good_for_business/?doc=157317 The panel of judges of the architectural competition for the university campus of the Estonian Business School (EBS) selected the design of Helsinki-based architectural firm Arkkitehtitoimisto ALA Oy (ALA Architects) as the winner of the competition, informs LETA/BNS. Fri, 10 Jul 2020 15:00:00 +0300 1594382400 Estonia: Merko to design, construct 3rd stage of Mustamae medical campus for EUR 33.8 mln http://www.baltic-course.com/eng/real_estate/?doc=157324 AS Merko Ehitus Eesti, part of the listed Estonian construction group Merko Ehitus, on Friday entered into a contract with the North Estonia Medical Center Foundation to design and construct the third stage of the Mustamae medical campus -- the cost of the contract is approximately 33.8 mln euros, reported Merko`s representative. Fri, 10 Jul 2020 15:00:00 +0300 1594382400 Restrictions are being stepped up to timely prevent larger Covid-19 outbreak - PM Karins http://www.baltic-course.com/eng/baltic_states/?doc=157325 The Cabinet of Ministers at an extraordinary meeting today decided to step up restrictions in order to timely prevent a larger Covid-19 outbreak, Prime Minister Krisjanis Karins (New Unity) told journalists following the government meeting, informed LETA/BNS. Fri, 10 Jul 2020 15:00:00 +0300 1594382400 Lithuania's producer prices fall 11.4% n June y-o-y http://www.baltic-course.com/eng/analytics/?doc=157321 Lithuania's industrial producer prices fell by 11.4 percent in June compared with a year ago but rose by 2.7% from a month before, figures from Statistics Lithuania showed on Friday. Fri, 10 Jul 2020 14:20:00 +0300 1594380000 Estonia supports allocation of EUR 4 mln to Elering http://www.baltic-course.com/eng/good_for_business/?doc=157307 The Estonian government at a meeting on Thursday approved the allocation of four million euros from the government reserve to transmission system operator (TSO) Elering for the payment of renewable energy subsidies, writes LETA/BNS. Fri, 10 Jul 2020 12:00:00 +0300 1594371600 In May, exports in Estonia declined by 25%, imports by 24% http://www.baltic-course.com/eng/analytics/?doc=157309 According to Statistics Estonia, in May 2020, compared to May 2019, the exports of goods decreased by 25% and imports by 24%. Compared to April 2020, exports decreased by 2% and imports remained at the same level. Fri, 10 Jul 2020 12:00:00 +0300 1594371600 Estonia granted international protection to 550 people over 23 years http://www.baltic-course.com/eng/legislation/?doc=157306 Estonia has granted international protection to close to 550 people from 1997, close to one-third of whom received protection as part of the EU migration plans, informs LETA/BNS. Fri, 10 Jul 2020 11:00:00 +0300 1594368000 Estonia: H1 revenue of Eften Real Estate Fund III grows 6.5 % on year to EUR 4.9 mln http://www.baltic-course.com/eng/good_for_business/?doc=157305 The sales revenue of Eften Real Estate Fund III AS totaled 4.9 mln euros in the first half of 2020, 6.5 % more than in the first six months of 2019. Fri, 10 Jul 2020 09:10:00 +0300 1594361400 Lithuania’s president sees chances to implement parties’ deal on 2.5 % defense spending http://www.baltic-course.com/eng/markets_and_companies/?doc=157302 Lithuania’s President Gitanas Nauseda sees chances of implementing the consensus of political parties on the raising of defense spending to 2.5 % of GDP by 2030, but admits that it will be difficult, writes LETA/BNS. Fri, 10 Jul 2020 09:00:00 +0300 1594360800 Turnover of beverage distribution company Amber Distribution Group increases 8.2% in 2019 http://www.baltic-course.com/eng/markets_and_companies/?doc=157303 Alcoholic beverage distribution company Amber Distribution Latvia posted EUR 123.424 mln in turnover last year, which is 8.2% more than in 2019, while the company's profit increased 8.5% to EUR 4.388 mln, according to Firmas.lv writes LETA. Fri, 10 Jul 2020 09:00:00 +0300 1594360800 Estonian govt approves allocation of additional EUR 26 mln to public e-service development http://www.baltic-course.com/eng/Technology/?doc=157304 The Estonian government at a sitting on Thursday supported proposals by Minister of Foreign Trade and IT Raul Siem to support the development of public e-services with 26.4 mln euros, informed LETA/BNS. Fri, 10 Jul 2020 09:00:00 +0300 1594360800 Estonian govt approves long-term building renovation strategy http://www.baltic-course.com/eng/good_for_business/?doc=157301 The Estonian government at a sitting on Thursday approved the long-term building renovation strategy, the main goal of which is to cost-effectively renovate the existing building stock into nearly zero-energy buildings by 2050, informed LETA/BNS. Fri, 10 Jul 2020 08:50:00 +0300 1594360200 SEB Bank will no longer issue study loans starting next school year http://www.baltic-course.com/eng/finances/?doc=157299 Starting next school year, SEB Banka will no longer issue state-underwritten study loans, LETA was told by the bank. Fri, 10 Jul 2020 08:30:00 +0300 1594359000 Latvia: Constitutional Court rules state social security benefit amounts unconstitutional http://www.baltic-course.com/eng/finances/?doc=157293 The Constitutional Court ruled today that the amount of state social security benefits for unemployed disabled persons and senior residents was inconsistent with the Constitution, informed LETA. Fri, 10 Jul 2020 08:20:00 +0300 1594358400 Epstein's little black book contains Estonian contacts http://www.baltic-course.com/eng/legislation/?doc=157294 The little black book of Jeffrey Epstein recently tabulated by Business Insider lists over 1,700 people and companies the disgraced US businessman came into contact with, including two people from Estonia, according to the Postimees reports informed LETA/BNS. Fri, 10 Jul 2020 08:20:00 +0300 1594358400 Lithuania posts 12% decline in H1 real estate transactions http://www.baltic-course.com/eng/real_estate/?doc=157295 Lithuania's real estate market has recorded growth for the second month in a row after hitting the bottom in the spring, but the number of transactions is still below the average levels seen before the coronavirus lockdown, the Center of Registers said LETA/BNS. Fri, 10 Jul 2020 08:20:00 +0300 1594358400 Apartment prices in Soviet-era standard design houses in Riga off 0.5% in H1 http://www.baltic-course.com/eng/real_estate/?doc=157296 In June this year, apartment prices in Soviet-era standard design houses in Riga dropped 0.3% from May and declined 0.5% from the beginning of the year, Arco Real Estate said in its latest report on the market of standard-design apartments, informed LETA. Fri, 10 Jul 2020 08:20:00 +0300 1594358400 Tallink vessel Sailor to start operating on Paldiski-Kapellskar route from Sunday http://www.baltic-course.com/eng/transport/?doc=157298 Listed Estonian shipper Tallink Grupp announced on Thursday that the company’s recently acquired ro-pax vessel Sailor will start operating on the Paldiski-Kapellskar route with three weekly departures, writes LETA/BNS. Fri, 10 Jul 2020 08:20:00 +0300 1594358400 Lithuania's Ignalina N-plant to issue new call for tenders for repository contract http://www.baltic-course.com/eng/energy/?doc=157292 Lithuania's Ignalina Nuclear Power Plant (INPP), which was shut down a decade ago and is now being decommissioned, last week rejected all three bids submitted by potential contractors in a tender process for the construction of a 100-million-euro near surface repository for low and intermediate level short-lived radioactive waste, known as the B25-2 project, reported LETA/BNS. Fri, 10 Jul 2020 08:00:00 +0300 1594357200 Lithuania records positive net migration once again in June http://www.baltic-course.com/eng/good_for_business/?doc=157297 Lithuania recorded positive net migration once again in June as the number of people arriving in the country from abroad nearly twice exceeded the number of those leaving, figures from the country's statistics office showed. Fri, 10 Jul 2020 08:00:00 +0300 1594357200 In May, 18.2% employees in Latvia worked remotely http://www.baltic-course.com/eng/analytics/?doc=157291 Accordingly results of the Labour Force Survey carried out by the Central Statistical Bureau, in May 2020, almost one fifth (18.2 %) of employees aged 15–74 years worked remotely¹. Women working remotely were 22.8 percentage points more than men (61.4 % and 38.6 %, respectively). Thu, 09 Jul 2020 22:30:00 +0300 1594323000 Opera buys Lithuania’s Fjord Bank http://www.baltic-course.com/eng/finances/?doc=157289 Opera Limited, a software company and one of the world’s leading browser providers with more than 360 million users, intends to acquire Fjord Bank, a Lithuania-based digitalized bank, which on Wednesday launched its first exclusively online deposit and loan service, and will apply for the required regulatory approvals, Fjord Bank reported on July 9th, reports LETA/BNS. Thu, 09 Jul 2020 22:00:00 +0300 1594321200 Estonia approves terms of Alexela's EUR 37 mln loan http://www.baltic-course.com/eng/energy/?doc=157290 The Estonian government on Thursday approved the terms of a 37-million-euro loan to Alexela Grupp, reports LETA/BNS. Thu, 09 Jul 2020 22:00:00 +0300 1594321200 183 foreign nationals reside in Estonia as part of EU migration plan http://www.baltic-course.com/eng/baltic_states/?doc=157288 Foreign nationals residing in Estonia as part of the EU migration plan come from five states and altogether number 183, informs LETA/BNS. Thu, 09 Jul 2020 21:00:00 +0300 1594317600 New Novatek LNG cargo arrives in Lithuania's Klaipeda http://www.baltic-course.com/eng/energy/?doc=157287 A new cargo of liquefied natural gas (LNG) from Russia's gas company Novatek arrived in the Lithuanian port of Klaipeda on Thursday, writes LETA/BNS. Thu, 09 Jul 2020 20:30:00 +0300 1594315800 Lithuania's Utenos Trikotazas sells Latvian subsidiary http://www.baltic-course.com/eng/markets_and_companies/?doc=157286 Utenos Trikotazas (Utena Knitwear), Lithuania's largest knitwear manufacturer operated by SBA concern, has sold its Latvia’s subsidiary Utenas Trikotaza, reported LETA/BNS. Thu, 09 Jul 2020 20:20:00 +0300 1594315200 Estonia extends flight restrictions until July 28 http://www.baltic-course.com/eng/legislation/?doc=157280 Estonian Minister of Economic Affairs and Infrastructure Taavi Aas on July 9th signed an order to maintain flight restrictions at least until July 28, 2020, informs LETA/BNS. Thu, 09 Jul 2020 17:00:00 +0300 1594303200 Estonia to relax restrictions on public events from July 15 http://www.baltic-course.com/eng/good_for_business/?doc=157277 Estonia is relaxing the restrictions on holding public events introduced due to the coronavirus from July 15, 2020, informs LETA/BNS. Thu, 09 Jul 2020 15:00:00 +0300 1594296000 Saeima approves the amendments allowing banks to write off irrecoverable mortgages taken out before 2008 http://www.baltic-course.com/eng/legislation/?doc=157278 Saeima in Latvia today approved in the final reading amendment to the Credit Institution Law and Law on Personal Income Tax, which allow credit institutions to unilaterally write off debts on mortgages taken out before the 2008 economic crisis, informs LETA. Thu, 09 Jul 2020 15:00:00 +0300 1594296000 The Bank of Lithuania to issue world’s first digital collector coin http://www.baltic-course.com/eng/good_for_business/?doc=157279 The Bank of Lithuania is set to issue the world’s first digital collector coin in a project seen by the central bank as an opportunity to start discussions on digital money, informs LETA/BNS. Thu, 09 Jul 2020 15:00:00 +0300 1594296000 SES Delivers Video Services for BBC Studios http://www.baltic-course.com/eng/good_for_business/?doc=157275 BBC Studios (BBCS) and its subsidiary UKTV have selected SES to manage the playout and distribution of over 50 linear channels, and their associated video on demand (VOD) services, SES announced today. Thu, 09 Jul 2020 13:45:00 +0300 1594291500 Dombrovskis: comprehensive approach is necessary to fight money laundering in EU http://www.baltic-course.com/eng/baltic_states/?doc=157266 he European Commission has made a clear commitment to deliver a comprehensive approach to fighting money laundering and terrorism financing, to better protect the European Union economy and financial system in the future, the European Commission's Executive Vice-President Valdis Dombrovskis said at the European Parliament plenary debate on preventing money laundering and terrorist financing on July 8th, cites LETA. Thu, 09 Jul 2020 12:00:00 +0300 1594285200 50% companies operating at Ventspils Port still having problems making payments http://www.baltic-course.com/eng/transport/?doc=157267 Around 50 percent of companies operating at Ventspils Port are still having problems making payments, Andris Purmalis, the head of the Ventspils Freeport Authority, admitted in an interview with Latvian Radio on July 9th, reports LETA. Thu, 09 Jul 2020 12:00:00 +0300 1594285200 Novaturas, Tez Tour suspend trips to Bulgaria over coronavirus concerns http://www.baltic-course.com/eng/tourism/?doc=157265 Lithuania's tour operators Novaturas and Tez Tour have decided not to organize trips to Bulgaria in July after the Health Ministry on Wednesday imposed a mandatory 14-day self-isolation for travelers returning from the country, informs LETA/BNS. Thu, 09 Jul 2020 11:00:00 +0300 1594281600 Deflation to continue in Latvia in coming months - bank analysts http://www.baltic-course.com/eng/analytics/?doc=157263 Deflation in Latvia will continue in the coming months, bank analysts told LETA commenting on consumer price changes this past June. Thu, 09 Jul 2020 09:10:00 +0300 1594275000 Latvia: Coalition parties' talks about tax changes http://www.baltic-course.com/eng/finances/?doc=157257 The coalition parties' talks about the proposed tax changes have come to a halt as the New Conservative Party insists on raising the monthly non-taxable minimum income to EUR 500 in 2021, sources told LETA. Thu, 09 Jul 2020 09:00:00 +0300 1594274400 Registered unemployment reaches 8.6% at end-June in Latvia http://www.baltic-course.com/eng/analytics/?doc=157258 The registered unemployment rate in Latvia amounted to 8.6% of the economically active population at the end of this past June, which is 0.2 percentage points more than at end-May, according to the State Employment Agency's data writes LETA. Thu, 09 Jul 2020 09:00:00 +0300 1594274400 Georgia allows entry to citizens of France, Germany, Baltic states http://www.baltic-course.com/eng/good_for_business/?doc=157259 The Georgian authorities have decided to allow entry in the country by plane to citizens of Germany, France, Latvia, Lithuania and Estonia, Irakly Chikovani, press speaker of the Georgian prime minister, told cited LETA/BNS- Interfax. Thu, 09 Jul 2020 09:00:00 +0300 1594274400 Baltic ministers, EU commissioner discuss electricity trade with 3rd countries http://www.baltic-course.com/eng/energy/?doc=157260 The Baltic ministers in charge of energy and EU Commissioner for Energy Kadri Simson discussed electricity trade with third countries in Brussels on Tuesday as Lithuania continues efforts to convince its neighbors to joint its boycott of electricity from Belarus' Astravyets nuclear power plant, reported LETA/BNS. Thu, 09 Jul 2020 09:00:00 +0300 1594274400 Estonia: 4 higher education institutions supported from EEA/Norway cooperation program http://www.baltic-course.com/eng/education/?doc=157261 In 2020, the Baltic Research Program under European Economic Area is supporting four higher education institutions cooperation projects with 423,165 euros, informed LETA/BNS. Thu, 09 Jul 2020 09:00:00 +0300 1594274400 Estonia making preparations for introducing hydrogen energy http://www.baltic-course.com/eng/good_for_business/?doc=157262 he Estonian Ministry of Economic Affairs and Communications is developing a pilot project on hydrogen with a view to making preparations for developing the hydrogen energy sector and testing the chain for the production and consumption of hydrogen in Estonia, writes LETA/BNS. Thu, 09 Jul 2020 09:00:00 +0300 1594274400 Annual deflation in Latvia made 0.7% in June http://www.baltic-course.com/eng/analytics/?doc=157243 The latest data of the Central Statistical Bureau (CSB) show that in June 2020, compared to June 2019, the average level of consumer prices* decreased by 0.7 %. Prices of goods fell by 1.6 %, while prices of services rose by 1.3 %. Wed, 08 Jul 2020 22:00:00 +0300 1594234800 Vilnius refurbish the grounds around the former Sports Palace http://www.baltic-course.com/eng/good_for_business/?doc=157246 Vilnius' municipal council on Wednesday gave the green light for the city to sign an agreement with Lithuania's centralized public property manager Turto Bankas on the refurbishment of the grounds of the capital's Concert and Sports Palace, a now derelict building that was built during the Soviet era on the site of an old Jewish cemetery, informs LETA/BNS. Wed, 08 Jul 2020 22:00:00 +0300 1594234800 Lithuania bans Russian broadcaster RT http://www.baltic-course.com/eng/markets_and_companies/?doc=157247 The Radio and Television Commission of Lithuania (LRTK) on Wednesday banned Russia's broadcaster RT over its ties to Dmitry Kiselyov, a Kremlin propagandist on the European Union's black list, reports LETA/BNS. Wed, 08 Jul 2020 22:00:00 +0300 1594234800 Lithuanian airports lose 1.5 mln passengers due to COVID-19 http://www.baltic-course.com/eng/transport/?doc=157244 Lithuania's three international airports lost over 1.5 million passengers due to the coronavirus pandemic that started in the spring, but the situation has been improving lately, their operator said on July 8th, 2020, cites LETA/BNS. Wed, 08 Jul 2020 21:00:00 +0300 1594231200 Addressing and management of cities, impact in economic development in Ivory Coast http://www.baltic-course.com/eng/direct_speech/?doc=157241 Faced with the change in recent decades in Ivory Coast linked to the demographic shift from rural to urban. Some rural regions are urbanized at almost 20%. Wed, 08 Jul 2020 20:30:00 +0300 1594229400 We have decided to focus on production in Latvia, and we have our reasons http://www.baltic-course.com/eng/markets_and_companies/?doc=157228 The time has come for the AS Agrolats Holding group, which includes such well-known brands as Tērvete and Druva, to take the decision to leave several foreign markets in which Agrolats Holding has been operating until now, because we see major risks emerging, which we cannot control or mitigate. Wed, 08 Jul 2020 20:20:00 +0300 1594228800
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