Markets and Companies

International Internet Magazine. Baltic States news & analytics Saturday, 23.08.2014, 00:37

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Europe may lose EUR 5 bln per year because of Russian sanctions

Europe may lose EUR 5 bln per year because of Russian sanctions

22.08.2014

Based on calculations carried out by financial institution of Dutch origin ING Group, restrictions imposed by Russia on 7 August on food products imported from the European Union may cost the EU USD 6.7 billion (EUR 5.0 billion) per year, writes LETA/ELTA, referring to the website RBC Daily.

Keyword tags: Baltic States – CIS, EU – Baltic States, Financial Services, GDP, Legislation, Markets and Companies



11th Baltic Competition Conference to take place in Vilnius

11th Baltic Competition Conference to take place in Vilnius

22.08.2014

On 10 September, 2014, the Competition Council in partnership with Vilnius University will hold the 11th Baltic Competition Conference, the Competition Council informs.

Latvian healthcare needs additional EUR 40 mln in 2015

Latvian healthcare needs additional EUR 40 mln in 2015

22.08.2014

The next government of Latvia will have to additionally allot at least EUR 40 million to the healthcare sector in 2015, Prime Minister Laimdota Straujuma (Unity) told the press representatives yesterday, cites LETA.


Lithuanian MP: Govt's action plan provides little hope for farmers, processors, carriers, consumers

Lithuanian MP: Govt's action plan provides little hope for farmers, processors, carriers, consumers

22.08.2014

Member of the Homeland Union – Lithuanian Christian Democrats (TS-LKD) political group, Shadow Agriculture Minister Kazys Starkevicius says that the action plan for 2014-2015, prepared by the Ministry of Economy and approved by the Government, which is aimed to reduce losses of Lithuanian companies due to Russian sanctions, provides little hope for farmers, processors and carriers, reports LETA/ELTA.

Customs in EU need sufficient protection

Customs in EU need sufficient protection

22.08.2014

Robust customs risk management is essential to protect the safety and security of business and citizens in the EU, as well as the interests of traders and financial services, while at the same time enabling the smooth flow of trade. A new strategy to improve customs risk management, together with a detailed action plan, was adopted by the Commission.

22.08.2014

Russian sanctions have had negative effect on fifth Estonian companies

A poll conducted by the Estonian Chamber of Commerce indicates that Russia's sanctions have had a direct negative impact on a fifth of the 153 polled companies, LETA/Postimees writes.

22.08.2014

Milk buying-in prices in Lithuania won’t be reduced by more than 12% in August

Government officials and milk processors in Lithuania agreed that in August 2014 milk produced in Lithuania will be bought-in and the price will not be reduced by more than 12%, i.e. by approximately LTL 0.10 (EUR 0.03) per litre, reports LETA/ELTA.

22.08.2014

delfi.lv more popular than Inbox.lv in July

News portal delfi.lv has registered a significant increase in the number of visits in July 2014, getting ahead of the long-time leader Inbox.lv for the first time, according to data provided by the Internet research company Gemius, cites LETA/Nozare.lv.

22.08.2014

Lorries with fruit and vegetables stalled at Lithuanian- Belarusian border post

Lorry drivers carrying fruit and vegetables from Lithuania have to be prepared for the worst at the Belarusian border post. Although some more persistent drivers managed to bring cargo into Belarus, yet, most of them were forced to turn back and wait for the situation to clear up, reports LETA/ELTA, referring to Lietuvos rytas.

22.08.2014

Latvian coalition agrees on measures necessary to support local producers

The Coalition Council has come to agreement on the measures necessary to support local agricultural producers in procurement procedures, Unity's Saeima group leader Dzintars Zakis informed the press representatives yesterday, reports LETA.

22.08.2014

Audit: Lithuanian DefMin's failure to implement recommendations has lead to repeated errors

The National Audit Office of Lithuania has completed a financial (regularity) audit of the Ministry of National Defence for the year 2013. The auditors had no significant comments concerning the financial statements and budget execution reports of the Ministry, informs LETA/ELTA.

22.08.2014

Latvian Talsu gala declared insolvent

A court in Riga – on August 15 – declared the Talsu gala meat packing company insolvent, and all creditor claims against the company must be turned in to the administrator in one month's time, informs LETA.

21.08.2014

In July, producer prices in Latvian industry grew by 0.2%

Compared to June, producer prices in industry in July 2014 rose by 0.2%, according to the data of Central Statistical Bureau of Latvia. In July, compared to July of the previous year, the overall level of producer prices in the Latvian industry increased by 0.7%.

21.08.2014

In July, industrial production increased by 5.5% in Lithuania

Statistics Lithuania informs that in July 2014, industrial production totalled LTL 5.8 billion at current prices and, compared to June, grew by 5.5% at constant prices, seasonally adjusted – by 1.6%.

21.08.2014

Producer price index of industrial output in Estonia decreased by 0.4% in July

According to Statistics Estonia, in July 2014, the producer price index of industrial output changed by 0.6% compared to June 2014 and by –0.4% compared to July 2013.

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