International Internet Magazine. Baltic States news & analytics
Sunday, 20.04.2014, 18:53
Seimas establishes euro adoption procedures in Lithuania
17.04.2014On Thursday, by adopting the Law on the Euro Adoption, as well as secondary legislation, the Parliament of Lithuania (Seimas) has established the legal basis to introduce the new currency in Lithuania, reports LETA/ELTA.
Keyword tags: EU – Baltic States, Financial Services, GDP, Legislation, Lithuania
EC allocates EUR 146,000 to cover losses of Lithuanian pig farmers
17.04.2014The European Commission (EC) approved of the initiative proposed by Lithuania and established an additional possibility to cover losses sustained by pig farmers due to preventive measures against African swine fever, informs LETA/ELTA.
Tallinners to travel to Aegna for free
17.04.2014The Tallinn Town Council directed to the city council a draft decision to allow all Tallinners to use a vessel on a line Tallinn-Aegna-Tallinn for free, informed LETA the press service of the City of Tallinn.
Experiment in Zolitude causes Maxima roof construction to break
17.04.2014This afternoon, as a result of an investigation experiment, the remaining roof construction of the Maxima supermarket in Riga-Zolitude, failed to bear the weight of water and collapsed, LETA was informed by Toms Sadovskis, the State Police's press representative.
Rally at Latvian Embassy in Russia propagates Latgale as part of Russia
17.04.2014A rally took place at the Latvian Embassy in Russia propagating Latgale as part of Russia, LETA was informed by Zigmars Zilgalvis, the second secretary at the embassy.
Estonian Parliament toughens capital requirements for banks
The Riigikogu approved on Wednesday with 88 for votes the law of amendments to the credit institutions law and other connected laws, which among other things will bring tougher capital requirements for banks, LETA/Postimees Online reports.
Latvian and Turkish presidents discusses Ukraine developments
President of Latvia Andris Berzins, during his official visit in Turkey, discussed the economic cooperation and the current events in Ukraine, LETA was informed by the secretariat of the President.
PZU purchases RSA assets in Baltics and Poland
PZU SA has today reached an agreement, subject to regulatory and antitrust approvals, to purchase Lietuvos Draudimas AB in Lithuania, AAS Balta in Latvia, the business of the Estonian branch of Codan Forsikring A/S and Link4 Towarzystwo Ubezpieczen S.A. in Poland. The total aggregate consideration amounts to approx. EUR360m. The acquisitions are a key step in fulfilling PZU’s strategy of international expansion, informed BC PZU’s press service.
Juncker: Dombrovskis could very well become a EU commissioner
If the ex-Prime Minister of Latvia Valdis Dombrovskis (Unity) will be nominated to become European commissioner, he could acquire a high position, says Jean-Claude Juncker, former Prime Minister of Luxembourg and European People’s Party’s (EPP) European Commission’s (EC) presidential candidate, informs LETA.
In 2013, the representation expenses of Seimas leadership amounted to LTL 100,000
In 2013, the representation expenses of the parliament leadership amounted to LTL 100,000 (EUR 29,000). During 10 months of 2013, Parliament Speaker Vydas Gedvilas (until he was replaced by his party fellow Loreta Grauziniene) was the one to spend the most funds for representation, informs LETA/ELTA, referring to Lietuvos zinios.
Estonia supports keeping Bosnia and Herzegovina towards the EU
At a meeting of European Union (EU) foreign ministers in Luxembourg, Estonian Foreign Minister Urmas Paet discussed the situation in Bosnia and Herzegovina, as well as the country's relations with the European Union and further steps in the integration process, reported BC the Estonian Foreign Ministry.
Grybauskaite and U.S. Senators discussed European security
President of Lithuania Dalia Grybauskaite met with U.S. Republican Senators John McCain, John Barrasso and John Hoeven. The main points of discussion were the situation in Ukraine and the threats it posed to the security of Europe and the Baltic region, reports BC presidential press service.
Civil servants' salaries in Lithuania to be compensated
Prime Minister of Lithuania Algirdas Butkevicius has met the Constitutional Court's (KT) ruling on the compensation of civil servants' salaries with reserve, informs LETA/ELTA.
Salaries in Lithuania are projected to rise by 5.8-6.9% in 2014-2017
Lithuanian Government will continue to carry out responsible fiscal policy. On Wednesday the Cabinet of Ministers has approved convergence programme for 2014 by which Lithuania commits to maintain sustainable compliance with the Maastricht criteria in 2014-2017, and to be prepared for the euro adoption in early 2015, informs LETA/ELTA.
Estonian Public Broadcasting keeps board chairman, brings in BNS chief
The council of Estonian Public Broadcasting Co (Eesti Rahvusringhääling – ERR) decided on Tuesday to allow board chairman Margus Allikmaa continue in his post and approved of Ainar Ruussaar as a new board member in order to solve a conflict in the organisation that started from Allikmaa's wish to oust ERR's sports department chief, informs LETA.
Waiting for the banking union to come…
