International Internet Magazine. Baltic States news & analytics
Tuesday, 31.05.2016, 22:58
Latvia is interested in continuing busy and pragmatic political dialogue with China, which serves as a basis for successful economic, educational, scientific and cultural cooperation, Saeima speaker Inara Murniece (National Alliance) said during her meeting with China's parliament vice-speaker Ji Bingxuan, reports LETA.
Keyword tags: China, Economics, Investments, Latvia, Legislation, Markets and Companies, Transport
The European Union Affairs Committee of the Riigikogu (Parliament of Estonia) heard an overview of the Startup Compass report about Estonia at its sitting on May 30th. The report highly recognises the activities of the government of Estonia in supporting the startup companies, but also points out the obstacles and bottlenecks in the development of the area, informed BC press service of Riigikogu.
Latvian vertical wind tunnel operator Aerodium in cooperation with Chinese investors has opened an indoor skydiving center, Flying Dream, in Dengfeng, China, near the famous Shaolin Monastery, the company announced LETA.
Estonian Finance Minister Sven Sester supports investments of the second pillar pension funds to be brought to Estonia, and for that issuing the bonds of companies owned by the state in Estonia and putting share positions on the market are considered, informs LETA/BNS.
International credit ratings agency Standard&Poor’s (S&P) has affirmed Latvia's A-/A-2 long- and short-term foreign and local currency sovereign credit ratings. The outlook is stable, LETA learned from the Finance Ministry.
On 27 May, the participants of the 20th FICIL and Latvian government High Council Meeting agreed that this year’s priorities are sustainable economic development, justice and the rule of law, the availability of workforce and education, and efforts to counter the informal economy. The participants of the 20th meeting discussed progress in the implementation of priorities so far and expressed their readiness to continue the dialogue in 2017, reported BC PM’s press service.
Ventspils nafta terminals (VNT), one of the largest taxpayers in Ventspils and the largest contributor to the cargo turnover in the Ventspils Freeport, is in the process of investing EUR 5 million into the installation of a permanent vapour recovery unit (VRU) in the port of Ventspils.
Although several large companies listed on the Tallinn stock exchange are paying more dividends in 2016 than last year, analysts are forecasting that as a result of wage pressure and smaller investments companies are to pay less dividends next year, the daily Postimees reports, cites LETA/BNS.
The recommendations provided by the Organization for Economic Cooperation and Development (OECD) gave a strong stimulus to carry out the necessary reforms in Latvia, particularly to clamp down on corruption and money laundering, as well as to enhance the management of state-owned enterprises, Foreign Minister Edgars Rinkevics (Unity) believes, cites LETA.
Enterprise Estonia (EAS) is not planning to adopt the "Just Estonishing" branding concept put forward for free by the Dutch national Peter Kentie, managing director of the city and region of Eindhoven and an e-resident of Estonia, finding that the concept does not enable to market the country well enough outside the English-speaking world, informs LETA/BNS.
In 2015, the amount of new direct investments in Europe has grown with 5,083 new direct investment projects implemented in Europe, which is by 14% more than in 2014, creating 217,666 new workplaces, up 17% year-on-year, according to the annual EY Europe Attractiveness Survey, informs LETA.
EU Commission tells Lithuania and Latvia to amend laws regulating farmland purchases or face lawsuit
The European Commission has officially demanded that Latvia, Lithuania, Bulgaria, Hungary and Slovakia amend their legislation regulating purchases of agricultural land, arguing that they restrict free movement of capital and the freedom of doing business, warning that it might take the above countries to the Court of Justice of the European Union, informs LETA.
The Foreign Investors' Council in Latvia presented the report on Shadow economy in Latvia from the investor’s viewpoint that will take place on Thursday, 26 May, from 10:00 to 12:00 in Radisson Blu Hotel Latvija.
Dutch investment fund Homburg Eastern European Fund B.V., the owner of Homburg Zolitude company, which was developing a property in the Zolitude area in Riga where a Maxima supermarket used to stand before its roof caved in, killing over 50 people in November 2013, has notified the State Chancellery about an investment dispute that might be referred to the International Centre for Settlement of Investment Disputes, informs LETA.
The Latvian Treasury on May 25th sold long-term government bonds worth EUR 20 million, the Treasury reported LETA.