International Internet Magazine. Baltic States news & analytics
Sunday, 24.07.2016, 13:38
Currently, the attention of all those who work and conduct business in a united Europe is being paid to the behaviour of British authorities after Brexit. If the country withdraws from the EU, many thousands of companies incorporated in Britain are very likely to leave their legal motherland. And a certain share of this business can be bid for by Latvia.
Keyword tags: Banks, Direct Speech, EU – Baltic States, Financial Services, Latvia, Legislation, Markets and Companies
There has been no change to the rights and status of EU nationals in the UK, and UK nationals in the EU, as a result of the referendum.
In the practice our lawyers are often faced with questions of obtaining Latvian citizenship. Sometimes people wonder whether they can apply for citizenship for special merits in front of Latvia.
Several businessmen and companies have turned to the Constitutional Court with appeals against the so-called solidarity tax, Latvian Chamber of Commerce and Industry (LCCI) told LETA.
The court in Liepaja, south-western Latvia, on June 30 decided to start a legal protection proceeding in respect of the financially troubled KVV Liepajas Metalurgs metallurgical company, court spokeswoman Velga Luka told LETA.
Amendments to Lithuania's Law on Citizenship that allow dual citizenship for outstanding merits to the state came into force on July 1st, 2016, informs LETA/BNS.
The government should consider privatization of the port of Muuga, Estonia's main merchant port east of Tallinn owned by the state-run Port of Tallinn, the transit businessman Endel Siff says, cites LETA/BNS.
The heads of Lithuania's ministries for interior and justice and the Central Electoral Commission signed on June 30th a memorandum on cooperation in combating vote-buying during elections, informs LETA/BNS.
The Lithuanian parliament on June 30th, 2016 adopted legislation making it easier for third-country nationals to obtain residence permits and get employed in the country, informs LETA/BNS.
Contraband cigarettes in Latvia account for 23.8% of the market. In Lithuania, in the second quarter of the year 2016, illegal cigarettes accounted for 17.7% of the market and in Estonia – 15%, informs LETA, according to the latest "empty pack survey" conducted by Nielsen market research company.
Startup Estonia, a support unit for Estonian start-ups under the Development Fund, will continue operation under the state-run financing institution Kredex from the beginning of July with the aim of providing better support to new companies and improving funding opportunities in all phases of development, informs LETA/BNS.
The Lithuanian government told the European Court of Human Rights in a suspected secret CIA prison case that what CIA-linked aircraft transported to Lithuania a decade ago was not prisoners, but communications equipment for an intelligence support center that was being set up close to Vilnius, informs LETA/BNS.
The role of the French language might increase following the UK’s vote on leaving the EU, said Latvian Ambassador to France Imants Liegis on a Twitter port, cites LETA.
The Lithuanian parliament Seimas has given the green-light to the state to sign contracts with higher education providers based on what professionals it needs and has allowed reducing the time needed for a bachelor's degree by a year to three years, informs LETA/BNS.
According to a study conducted by KPMG, the illicit cigarette trade caused a loss of 31 million euros to Estonia in 2015, while the share of black market cigarettes in total consumption fell by 4.1%age points to 14.4%, informs LETA/BNS.