Legislation

International Internet Magazine. Baltic States news & analytics Sunday, 24.06.2018, 19:13

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The EU new VAT system facing modern challenges

The EU new VAT system facing modern challenges

22.06.2018

The Commission has welcomed the agreement reached by the EU states (22.06.2018) on new tools to close loopholes in the EU's Value Added Tax system. Existing inconsistencies can lead to large-scale VAT fraud causing losses of €50 billion for the EU states' budgets each year. New VAT system will provide the EU states with a reliable exchange information system to cooperate closely in combating criminal and terrorist activities.

Keyword tags: Analytics, EU – Baltic States, Financial Services, Good for Business, Legislation, Modern EU



LiTak-Tak fails to get exports license following SSD info

LiTak-Tak fails to get exports license following SSD info

22.06.2018

LiTak-Tak, a Lithuanian producer of air traffic control systems and radars, has failed to get an exports license due to information provided by the country's State Security Department, writes LETA/BNS.

Estonia to support development projects in partner countries with EUR 3.4 mln

Estonia to support development projects in partner countries with EUR 3.4 mln

22.06.2018

The Estonian Foreign Ministry has decided to allocated 3.4 million euros for 39 education, inclusion, IT development and entrepreneurial development projects in Ukraine, Afghanistan, Georgia, Moldova and Belarus, reports LETA/BNS.


Number of Estonians receiving envelope wages grows to 13%

Number of Estonians receiving envelope wages grows to 13%

22.06.2018

According to the freshly published results of a study on shadow economy carried out by the Estonian Institute of Economic Research (EKI), the number of recipients of envelope wages showed a year-over-year increase from 8% to 13%, informs LETA/BNS.

9 EU member states agree to create a cyber rapid response force

9 EU member states agree to create a cyber rapid response force

22.06.2018

At Lithuania's initiative, nine EU member states have agreed to create a cyber rapid response force, Defense Minister Raimundas Karoblis said, cites LETA/BNS.


22.06.2018

Lithuanian Seimas adopts new energy strategy

Lithuania's parliament on June 21st adopted an updated National Energy Independence Strategy. The strategy has been updated after six years, reports LETA/BNS.

21.06.2018

Pulp mill national spatial plan failed due to absence of cooperation in Estonia

According to members of the Estonian government, the national designated spatial plan for a pulp mill in South Estonia failed as there was not enough cooperation with the local government and community when initiating the plan, informs LETA/BNS.

21.06.2018

Latvia to continue supporting Ukraine's aspirations for closer relations with EU

Latvia will continue supporting Ukraine's aspirations to build closer relations with the EU, Latvian Foreign Minister Edgars Rinkevics (Unity) said during the meeting with Ukrainian Foreign Minister Pavlo Klimkin in Kyiv on June 20, informs LETA.

21.06.2018

Latvian MFA urges EU to express strong support for fair trade system

The European Union (EU) should express strong support for a fair, rules-based multilateral trade system, Latvian Foreign Minister Edgars Rinkevics said at the 6th meeting of the Foreign Ministers of the Baltic States and Nordic countries (NB8) and Visegrad Group countries (V4) in Stockholm on June 19th, reports LETA.

21.06.2018

Saeima passes bill about withdrawal of public broadcasters from advertising market in 2021

The Latvian parliament on June 20th passed in the final reading the bill about withdrawal of the public broadcasters from the advertising market in 2021, informs LETA.

21.06.2018

Court acquits Rubenis, reduces sentences for other defendants in digital TV case

Riga Regional Court on June 20th delivered its verdict in the so-called digital television case, overruling the conviction of former National Theater director Ojars Rubenis but gave fines and real jail sentences to other defendants in the case, informs LETA.

20.06.2018

Ireland seeking closer ties with Nordic, Baltic countries

As the United Kingdom is set to leave the European Union, Ireland is seeking closer ties with the Baltic and Nordic states, Irish President Michael D. Higgins said in Vilnius on June 19th, informs LETA/BNS.

20.06.2018

Management, producers, foreign partner buying Lithuanian plant from Hochdorf

Hochdorf Baltic Milk, a loss-making Lithuanian producer of milk protein, has been acquired from its Swiss owner Hochdorf Group by the company's management and several Lithuanian milk producers, and an undisclosed foreign investor is set to join in later, informs LETA/BNS.

20.06.2018

Latvia awards funding to 7 development projects in EU's Eastern Partnership countries, Central Asia

Following the assessment of project applications submitted to the grant competition "Support for development cooperation project in recipient countries selected by the Republic of Latvia", the Latvian Ministry of Foreign Affairs has awarded funding (grants) to seven development cooperation projects to be carried out in Central Asian countries – Kyrgyzstan and Uzbekistan – and the countries of the European Union's Eastern Partnership – Moldova, Georgia and Ukraine, informs LETA.

20.06.2018

Latvia and Peru agree to expand business, educational and science cooperation

Latvia and Peru have agreed to expand business, educational and science cooperation, LETA was told at the Latvian Foreign Ministry.

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