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Friday, 22.08.2014, 00:58
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
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.
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 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.
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.
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.
Saeima appointed Gaidis Berzins (All For Latvia-For Fatherland And Freedom/LNNK) as the new justice minister during an emergency meeting today, reports LETA.
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.
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.
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.
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.
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.
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.
"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.
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.