International Internet Magazine. Baltic States news & analytics
Friday, 27.11.2015, 15:37
The CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) says that Lietuvos Juru Laivininkyste's (Lithuanian Shipping Company, or LJL) bankruptcy is inevitable and that the shipping company's majority shareholder and SEB Bankas, its biggest creditor, have agreed to provide 1.2 million euros to ensure that the ships and their crews can safely return to European ports, informs LETA.
Keyword tags: EU – Baltic States, Financial Services, Legislation, Lithuania, Port, Railways, Transport
The Finnish retail group Stockmann has announced it is about to exit the department store business in Russia and sell its department stores there to the Russian franchisee Reviva with the aim of focusing on retail trade in Finland and the Baltic states, informs LETA/BNS.
Estonian newspaper publishers Postimees and Uhinenud Ajalehed will merge by the end of the year to form a new media enterprise, Postimees Grupp, informs LETA/BNS.
The ruling coalition today supported allocating EUR 4.3 million to support Turkey in solving the refugee situation, Interior Minister Rihards Kozlovskis (Unity) said after today's Cabinet meeting, informs LETA.
24,546 education and science workers in Latvia are on strike today, reports LETA, according to the Trade Union of Education and Science Employees' data.
Impuls LTU, the operator of Lithuania’s biggest fitness chain, this week has signed a share purchase agreement with Arctic Sport, the operator of sports clubs in Estonia, reports LETA/BNS.
On November 26th, Prime Minister Laimdota Straujuma met President of China Xi Jinping and Prime Minister of China Li Keqiang in Beijing – the capital city of China. During both meetings, L. Straujuma expressed gratitude for excellent organization of 16 + 1 Summit, during which a clear perspective on future cooperation between China and Central and Eastern Europe was reached.
On November 26th, Latvian Prime Minister Laimdota Straujuma met Chinese President Xi Jinping and the Prime Minister of China Li Keqiang in Beijing, LETA was informed by the State Chancellery's communications department.
Prime Minister Taavi Rõivas met with the President Xi Jinping and with Minister of Finance Lou Jiwei in Beijing on November 26th within the framework of his visit to China, reported BC governmental press service.
Estonian media group Eesti Meedia, which is going to buy Estonian music TV channel ''Seitse'', would consider acquiring Latvian TV channels owned by Modern Times Group (MTG), informs LETA/BNS.
Linava, the Lithuanian national road carriers’ association, has warned against exacerbating the relations with Russia, informs LETA/BNS.
According to sources of the Estonian technology news portal Geenius, the U.S. provider of on-demand internet streaming Netflix will probably enter the Estonian market in 2016 and at present the company is acquiring necessary licenses, informs LETA/BNS.
On November 26th, Latvian Saeima approved the National Security Concept prepared by the cabinet of Ministers and endorsed by the National Security Council, informs LETA.
MP Gunars Kutris (For Latvia From the Heart) told his investigative committee today that he realizes that many in the community "want blood" in the final report on the goings-on before the sale of Citadele Bank, that they want the report to have a "sharper edge.", informs LETA.
NordBalt and LitPol Link, Lithuania’s electricity interconnections with Sweden and Poland currently in testing, will be added to trading on the electricity exchange Nord Pool Spot in a couple of weeks, informs LETA/BNS.