International Internet Magazine. Baltic States news & analytics
Friday, 03.07.2015, 18:38
Significant changes are bound to happen in Lithuania's energy market in 2016: new interconnections with Poland and Sweden will be launched, electricity generation quotas for combined heat and power plants will be cancelled and a more favourable to consumers gas supply security financing model should enter into force, reports LETA/ELTA.
Keyword tags: Energy, EU – Baltic States, Legislation, Lithuania
A signature drive has been initiated at the manabalss.lv portal of public initiatives, claiming that Palanga "region and maritime territory be returned to the Republic of Latvia", reports LETA.
Vice-President of the European Central Bank (ECB) Vitor Constancio who is attending a conference at the Bank of Lithuania says that the referendum in Greece will have a huge impact on potential agreement between Athens and its creditors, reports LETA/ELTA.
President Dalia Grybauskaite has returned to Parliament for reconsideration the Law on Provision of Information to Public. If passed, the amendments would have allowed political parties to control media outlets and manipulate the public opinion, informs LETA/ELTA.
The Health Ministry in Latvia suggests that excise tax be imposed on several food products and crop protection products, and the relevant excise tax rates be increased for several product groups, which would generate an additional EUR 9.5 million in the state budget for the implementation of new policy initiatives.
The Estonian motobikers community is organising a ride that could involve over a thousand people, which they say is in support of the village residents of Vao, the location of Estonia's only refugee centre; the North East Estonian Rakvere police station head Indrek Link said that the organisers of the Saturday's motorcycle ride have contacted the police and a public meeting notice has been submitted; LETA/Delfi reports.
Out of 2,000 public buildings that are to be inspected in 2015 (until July), the State Construction Control Bureau has carried out inspections at 600 so far, and violations were detected in every fifth building inspected, the bureau's Director Peteris Drukis said in an interview with the LNT show "900 sekundes", cites LETA.
Fortum, a Finnish energy company focusing on the Nordic and Baltic countries, Poland, and Russia, is negotiating on the restructuring of the territorial generating company, TGC-1. The negotiations have not, however, come to conclusions, that would make it possible for Fortum to decide on its participation in the Fennovoima nuclear power project, reports LETA/ELTA. Referring to Fortum.
Litgrid, the Lithuanian electricity transmission system operator, has prepared and submitted to the National Control Commission for Prices and Energy Ten-Year Network Development Plan for 2015 – 2024, informs LETA/ELTA.
At yesterday’s cabinet meeting, the Estonian government approved of a timetable for the implementation of the local government reform and decided to double the state support paid to the merging municipalities, LETA/Public Broadcasting reports.
Natural gas supply and trading company Litgas, part of Lithuania's state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production, signed a memorandum of understanding (MoU) on July 2nd in Vilnius, Lithuania regarding establishment of a joint venture company in Lithuania to develop small scale LNG bunkering services, Litgas reports LETA/ELTA.
The Belgian producer of caulks, polyurethane foams and adhesives Soudal has acquired the Dobele construction chemicals producer Tenacham, according to a statement posted on the Belgian company's website, cites LETA.
The European Commission has renewed integration efforts in the most complicated financial sphere – insurance service. The new Insurance Distribution Directive (IDD), intends to improve the way insurance products are sold and bring real benefits to consumers and retail investors. The IDD’s text has been approved by the EU’s “legislative trio”: the Parliament, the Council and the Commission.
Minister of Foreign Affairs of Lithuania Linas Linkevicius underlined the importance of a focused and active diplomatic service during the Convention of Lithuanian Ambassadors, which began on 1 July 2015, reports BC the Ministry of Foreign Affairs.
It has been reported recently that vessel Romuva, owned by Lietuvos Juru Laivininkyste (Lithuanian Shipping Company), was prohibited from leaving Italian port due to debt. It transpired afterwards that two more ships of the company, Raguva and Voruta, suffered a similar fate, reports LETA/ELTA, referring to Klaipeda.