International Internet Magazine. Baltic States news & analytics
Wednesday, 25.04.2018, 05:50
FT: EU budget revamp to shift funds from east to southern states
24.04.2018Brussels plans to shift tens of billions of euros in European Union funding away from central and eastern Europe, diverting money to the countries hit hard by the financial crisis such as Spain and Greece, the Financial Times said, cites LETA/BNS.
Keyword tags: Analytics, Budget, EU – Baltic States, Financial Services, Legislation
Most companies, institutions in Latvia are not ready for General Data Protection Regulation
24.04.2018The majority of Latvian companies and institutions still are not ready for the EU General Data Protection Regulation (GDPR) that will come into force on May 25, Sanita Petersone, a lawyer and certified data protection specialist at KPMG consultancy, cites LETA.
Lithuanian property developers may freeze EUR 175 mln worth of projects
24.04.2018Lithuanian property developers may freeze investments worth around 175 million euros if the parliament levies an additional charge for projects planned on land leased from the state, the business daily Verslo Zinios reported on April 24th, reports LETA/BNS.
Latvia and Norway have potential for expanding cooperation on start-ups, education and tourism
24.04.2018Latvia and Norway have the potential for expanding cooperation on start-ups, innovation, education and tourism, Latvian Economics Minister Arvils Aseradens (Unity) said while meeting with Roy Angelvik, the Norwegian State Secretary of the Ministry of Trade, Industry and Fisheries, on April 23rd, reports LETA.
Holding companies in Latvia
24.04.2018Building a holding structure in Latvia is a great way to expand and develop your business. The main goal of creating a holding company is to unite a group of companies in order to administrate a mutual financial flow and assets. Thus, you can grow your market place, increase capitalization and the value of your company.
Australia's 1st pop-up embassy opens in Tallinn
The first pop-up embassy of Australia, where an ambassador does not work on a daily basis but is present for a short term on the basis of need, opened in the Estonian capital Tallinn on April 23rd, informs LETA/BNS.
Advisor to Nord Stream 2: the Norwegian gas can not be separated from the Russian one, the gas must flow in both directions
Some recent articles have created the impression as the Nord Stream 2 pipeline would jeopardize the interests of consumers in EU. This concern is not justified on today's EU gas market, the situation is the opposite.
US criticizes Syria, Russia, China in annual report on global human rights
The U.S. Department of State released its annual report on global human rights on Friday, naming Syria, Russia, China and Iran among the countries with the worst human rights practices, informs LETA/DPA.
Atkins wins contract on Rail Baltica Infrastructure Management Study
The British design, engineering and project management consultancy Atkins, which is a member of SNC-Lavalin Group, has won the tender to do the Rail Baltica Infrastructure Management Study, LETA was told at RB Rail, the joint venture of the three Baltic countries overseeing the construction of the Rail Baltic railway.
Audit: tax-payers’ money used inefficiently in professional theaters, music sector in Latvia
Lack of strategies in theaters and concert organizations, shortage of information about the theater and music market, bureaucracy, differing principles for calculation of state subsidies are the reason the State Audit Office questions efficiency of the Culture Ministry in relation to work with professional theaters and music organizations in Latvia, informs LETA.
Island of Hiiumaa calculated damage caused by ferry transport crisis
The rural municipality of Hiiumaa gathered feedback and the amount of loss from entrepreneurs as well as residents and visitors of the island of Hiiumaa concerning the difficult transport conditions of the last few months and entrepreneurs were able to give information to the municipality about their additional expenses and the municipality also opened a web questionnaire that was open for all to give feedback, reports LETA/BNS.
Latvia-Russia border demarcation documents take effect
April 21, 2018 sees the coming into force of the Latvia-Russia border demarcation documents, reports LETA.
President introduced Estonia's e-state to IMF chief
Estonian President Kersti Kaljulaid introduced Estonia's e-state achievements at a meeting with Managing Director of the International Monetary Fund (IMF) Christine Lagarde on Friday in Washington, informs LETA/BNS.
Fox retracts requirement to use Russian guidelines for Baltic translations
Fox television has retracted its requirement to translate its original programs that are broadcast in the Baltic states along guidelines that have been developed in Russia, TV3 commercial TV channel reported on April 19th, informs LETA.
ABLV Bank lawyers in reply to FinCEN ask to recall its proposal on sanctions against bank
Lawyers of Latvia’s ABLV Bank, whose shareholders have decided to start voluntary liquidation of the bank, call on the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury in regards to its statement in February about planned sanctions towards the bank, to recall its proposal, reports LETA.
“Knowing entrepreneurship”: challenges for the Baltics’ authorities 
