International Internet Magazine. Baltic States news & analytics
Tuesday, 01.12.2020, 20:02
Estonia's e-residency program has earned state over EUR 50 mln since launch
01.12.2020Estonia's e-residency program, which celebrates its sixth anniversary on Tuesday, has since its launch earned the state over 50 million euros in direct economic gain, having continued its strong growth even during the emergency situation, informs LETA/BNS.
Keyword tags: Baltic States – CIS, Estonia, EU – Baltic States, Financial Services, Good for Business, Legislation, Technology
EUR 52.27 mln to be allocated for downtime payments in Latvia
01.12.2020EUR 52.27 million will be allocated for the payment of downtime benefits in Latvia, writes LETA, according to the Economics Ministry's calculations.
Huawei regrets Telia's decisions are influenced by geopolitics
01.12.2020Huawei said on Monday it regrets that decisions by Telia, which has announced that it will eliminate the Chinese technology giant from its 4G and 5G networks in Lithuania, are influenced by geopolitics, informs LETA/BNS.
Agreement achieved on extending support to business representatives, employees in Latvia
30.11.2020onsidering the rapid spread of Covid-19, it is necessary to step up safety measures, and the government coalition parties on Monday agreed to considerably extend support to business representatives and employees, LETA learned from Economics Minister of Latvia Janis Vitenbergs (KPV LV).
Lithuania's Crius LT granted specialized bank license
30.11.2020Crius LT, a Slovak-owned Lithuanian company, is planning to offer financial services to business customers after obtaining a specialized bank license, the Lithuanian central bank said on Monday., cites LETA/BNS.
Estonian e-Governance Academy leads digital transformation tasks of EU project in Ukraine
The Estonian e-Governance Academy leads the development of the Ukrainian digital state as part of an EU research project titled EU4DigitalUA, the total volume of which amounts to 25 million euros; the budget of the activities implemented by the e-Governance Academy totals 9.6 million euros, informs LETA/BNS.
State of emergency could be extended until January 11 in Latvia
The state of emergency which has been introduced in Latvia over the Covid-19 pandemic might be prolonged until January 11, according to unconfirmed information obtained by LETA.
Estonian EconMin, Verston conclude contract for privatization of Eesti Teed
The Estonian Ministry of Economic Affairs and Communications and infrastructure construction group Verston signed a contract of purchase and sale of the state-owned road maintenance company AS Eesti Teed for 19.7 million euros on Monday, cites LETA/BNS.
Lithuanian court rejects LGC Cargo complaint over non-allocated capacity for 2019-2020
A Lithuanian court has rejected a complaint by LGC Cargo, a Lithuanian railway services company that is indirectly linked to former Latvian political heavyweights and Russian Railways (RZD) via its Latvian majority shareholder Baltic Transit Service, over the non-allocation of railway capacity for 2019-2020, informs LETA/BNS.
Vinkele to propose 100% bonuses to Latvian medics combating Covid-19
Health Minister of Latvia Ilze Vinkele (For Development/For) will propose paying medics additional remuneration in the amount of 100 percent of their salaries, the minister said on Latvian Radio, cites LETA.
Estonia, Ukraine sign agreement facilitating cooperation
In a video meeting on Friday, Estonian Prime Minister Juri Ratas and his Ukrainian counterpart Denys Shmyhal signed an agreement on technological and financial cooperation between Estonia and Ukraine guaranteeing tax exemption to technological Estonian-Ukrainian cooperation projects in Ukraine, informs LETA/BNS.
Fishing cards in Estonia to be switched to 7-day system from 2021
Estonian Minister of the Environment Rain Epler signed a decree approving fishermen's fishing opportunities for 2021, the biggest change for the coming year will be the issuance of all Baltic Sea gillnet fishing cards for seven days of one's choice instead of the current duration of a calendar week, informs LETA/BNS.
Social security contributions in Latvia to be cut by 1 pp in 2021
Social security contributions in Latvia will be cut by one percentage points as of next year under draft amendments to the law on state social insurance, which the Latvian Saeima passed in the final reading on November 27th, cites LET.
EU Parliament demands Belarusian authorities to investigate murder of art-teacher Raman Bandarenka
The European Parliament demands a prompt, thorough, and independent investigations into the murder of art-teacher Raman Bandarenka and the protest related deaths of other Belarusian civilians, LETA was informed by the European Parliament's press service.
UK applies 14-day self-quarantine for persons arriving from Latvia
Taking into account the epidemiological situation in Latvia, the UK government has set a 14-day self-quarantine requirement for persons arriving from Latvia, LETA was informed by the Latvian Embassy in Great Britain.
Business and training in post-COVID period 
