International Internet Magazine. Baltic States news & analytics
Tuesday, 01.12.2015, 22:07
In 2014, the EU member states spent all together around €283 billion on research & development (R&D). The R&D intensity, i.e. R&D expenditure as a percentage of GDP, stood at 2.03% in 2014, the same as in 2013. Ten years ago (2004), R&D intensity was 1.76%. It is still too below the amount required by the EU – 3% of GDP.
Keyword tags: Analytics, Education and Science, EU – Baltic States, GDP, Investments, Technology
Investors are unhappy about the decision of the Lithuanian Seimas [parliament] to allow listed companies to stop filing quarterly financial reports and warn that this will further reduce the already low liquidity of the stock exchange and undermine its attractiveness to investors, the Verslo Zinios business daily reports on Tuesday, reports LETA/BNS.
Agrowill Group, one of Lithuania’s largest agricultural investment companies, posted 32.041 million euros in consolidated revenue for the first nine months of the year 2015, a rise of 14.1% from the year-earlier figure of 28.091 million euros, informs LETA/BNS.
In 2014, Estonia spent 1.46% of its gross domestic product or 286 million euros on research and development activities, which is 0.57 percentage points below the European Union average, reports LETA/BNS.
Commission’s initiatives in 2015 were aimed at creating jobs, supporting growth, and reinforcing economic convergence. Most important have been the European Fund for Strategic Investments to finance new development projects, new efforts to advance the banking and capital markets unions together with a new Single Market Strategy and a plan for the Digital Single Market and Energy Union. Member states shall implement these initiatives during 2016.
Standard & Poor's (S&P) ratings services has affirmed its 'A-/A-2' long and short-term foreign and local currency sovereign credit ratings on Latvia. The outlook is stable, informs LETA/BNS.
If the transmission system operator Elering invested 20 million euros annually over the next decade, network charges would rise by 10.3% at real prices, it appears from an analysis of the impact of investments on network fees carried out by the Estonian Competition Authority, informs LETA.
Impuls LTU, the operator of Lithuania’s biggest fitness chain, this week has signed a share purchase agreement with Arctic Sport, the operator of sports clubs in Estonia, reports LETA/BNS.
China Merchants Group (CMG) signed in Beijing on Thursday agreements with the Klaipeda Free Economic Zone (FEZ) and the Klaipeda port authority as part of its plans to expand in the Lithuanian seaport, informs LETA/BNS.
Danpower Baltic, a German-Lithuanian joint venture, has applied for approval from Lithuania's competition watchdog to purchase Marivas, the owner of three biomass heating plants that is indirectly controlled by Icor's shareholders, in a deal that is expected to make Vilnius' district heating market more transparent, informs LETA.
The European Parliament adopted the EU budget for 2016 on November 25th, setting commitment appropriations at EUR 155 billion and payment appropriations at EUR 143.9 billion, LETA was informed by the European Parliament.
In 2014, records of pollutants emitted into the atmosphere in Lithuania were kept by 562 enterprises
Statistics Lithuania informs that an annual publication Natural Resources and Environmental Protection 2014 has been released. The statistical publication Natural Resources and Environmental Protection provides statistical information on natural resources and their use, the state and protection of the environment.
Investments in tangible fixed assets in Lithuania totaled 3.98 billion euros in the first nine months of the year 2015, a rise of 10% from the same period last year, preliminary data from Statistics Lithuanian showed on Wednesday, cites LETA/BNS.
The Estonian state-owned energy company Eesti Energia is preparing to write off Utah and Auvere investments in most part already in 2015, the daily Eesti Paevaleht reports, cites LETA.
Foundation SA Ida-Viru Toostusalad is to open a new industrial park in Estonia's northeastern city Johvi today, informs LETA/BNS.