Legislation

International Internet Magazine. Baltic States news & analytics Friday, 22.08.2014, 00:58

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Russia reveals huge cost of Western food ban

Russia reveals huge cost of Western food ban

21.08.2014

Russian Agriculture Minister Nikolai Fyodorov warned Wednesday that Moscow must spend billions of dollars in the coming years subsidizing farmers in order to avoid a shortage caused by its ban on most Western food, reports AFP/LETA.

Keyword tags: Agriculture, Baltic States – CIS, EU – Baltic States, Financial Services, Legislation, Markets and Companies



Government grants powers to form Rail Baltica's Estonian holding company

Government grants powers to form Rail Baltica's Estonian holding company

21.08.2014

The Estonian government gave the Economy and Infrastructure Minister Urve Palo powers to set up a Rail Baltica holding company in Estonia and acquire a 1/3 stake in the Rail Baltica international joint venture, LETA/Postimees Online reports.

Lipmans offer to buy Liepajas metalurgs rejected

Lipmans offer to buy Liepajas metalurgs rejected

21.08.2014

Businessman Kirovs Lipmans is one of two bidders to buy the defunct joint-stock metallurgical company Liepajas metalurgs that have no longer participate in the negotiations on acquiring Liepajas metalurgs, as Lipmans confirmed to the Nozare.lv business portal, cites LETA.


Russia lifts import ban on several products

Russia lifts import ban on several products

21.08.2014

Russia has removed several products from its list of agricultural products that may not be imported into the country, according to a decree issued by the Russian government, cites BBC/RBC/LETA.

Lithuanian producers may lose EUR 145 mln because of Russian embargo

Lithuanian producers may lose EUR 145 mln because of Russian embargo

21.08.2014

According to the calculations of Lithuanian Agriculture Minister Virginija Baltraitiene, losses of Lithuanian dairy and meat producers may possibly amount to LTL 500 million (EUR 145 million), because of food product embargo imposed by Russia, reports LETA/ELTA.

21.08.2014

Stream Networks buys Latnet

IT outsourcing company Stream Networks has acquired one of Latvia's first Internet companies, Latnet Serviss; after their merger, the joint company will be the second largest provider of telecommunications services in Latvia's corporate sector, according to an announcement released by the companies on Thursday, cites LETA/Nozare.lv.

21.08.2014

Gaidis Berzins takes justice minister's office in Latvia

Saeima appointed Gaidis Berzins (All For Latvia-For Fatherland And Freedom/LNNK) as the new justice minister during an emergency meeting today, reports LETA.

21.08.2014

Litgas and Statoil sign long-term contract on gas supply for LNG terminal

Liquefied Natural Gas (LNG) supply and natural gas trading company Litgas, a part of energy company group Lietuvos Energija, will sign an agreement of strategic importance with Norwegian company Statoil, informs LETA/ELTA.

21.08.2014

Lorries carrying goods from Russia and Belarus through Lithuania were stalled

On Wednesday, lorries carrying goods from Russia and Belarus through Lithuania were lining up in Kybartai, the town on the border with Kaliningrad Region, informs LETA/ELTA, referring to Lietuvos zinios.

21.08.2014

Estonia opens its first embassy in South America

Estonian foreign minister Urmas Paet opened on Wednesday together with Brazilian Foreign Minister Luiz Alberto Figueiredo Machado the Estonian Embassy in Brazil's capital Brasilia, LETA/Public Broadcasting reports.

21.08.2014

US general praises Lithuanian transport, logistics infrastructure

At the meeting with General Paul J. Selva, Commander of US Transportation Command of the Department of Defence (USTRANSCOM), Minister of Foreign Affairs Linas Linkevicius urged the US to more actively employ Lithuania's transportation and logistics infrastructure, informs LETA/ELTA.

21.08.2014

LESTO plans to improve electricity network reliability in Lithuania

Lithuanian electricity distribution company LESTO, serving more than 1.6 million customers, aims to improve network reliability and noticeably accelerate connection of the new objects to the grid. These goals are set in the company's strategy for 2014-2020, which was approved by the board, reported LETA/ELTA the company.

21.08.2014

Grybauskaite will submit 11 draft laws, 13 initiatives to Lithuanian Seimas

President of Lithuania Dalia Grybauskaite has proposed to include in the Seimas autumn session 11 previously initiated draft laws and 13 new initiatives, reports LETA/ELTA.

21.08.2014

MEP Grigule: Latvia's production cannot compete in Europe

"Instead of focusing on the West, Latvian farmers and food producers should re-orientate themselves to eastern markets, as Latvia's production cannot compete in Europe," as European Parliament deputy Iveta Gigule (Greens and Farmers' Union) said during the Agricultural Organizations' Cooperation Council meeting yesterday, cites LETA/Nozare.lv.

21.08.2014

Lithuania's dairy, meat producers will not be partially compensated losses from the state

The Government of Lithuania has not approved the proposal to use budget funds to partially compensate dairy and meat producers' losses arising due to Russian embargo, informs LETA/ELTA.

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