International Internet Magazine. Baltic States news & analytics
Sunday, 19.05.2013, 01:35
PMs of Latvia and the Czech Republic see opportunities to increase economic cooperation between countries
17.05.2013On May 17, during the meeting of Prime Minister of Latvia Valdis Dombrovskis and Prime Minister of the Czech Republic Petr Nečas, both officials shared the opinion that the relations of the two countries should focus on increasing mutual trade and exchange in investments, informs BC press secretary to the Prime Minister Mārtiņš Panke.
Keyword tags: Economics, Energy, EU – Baltic States, Financial Services, Investments, Latvia, Legislation, Markets and Companies
In 2012, museum visits amounted to 3.04 mln in Estonia
17.05.2013According to Statistics Estonia, in 2012, museum visits amounted to 3.04 million. Compared to a year earlier, the number of visits to museums increased by 14%.
Scientific support for the Danube Strategy: following the steps of the Baltic Sea Strategy
17.05.2013The Danube Region covers the territory of 8 EU countries (Germany, Austria, Hungary, Czech Republic, Slovak Republic, Slovenia, Bulgaria and Romania) and six non-EU countries (Croatia, Serbia, Bosnia and Herzegovina, Montenegro, Ukraine and Moldova). Since 2011, the Commission assists the region in overcoming existing social, economic and environmental problems.
Latvian pharmaceutical wholesalers' turnover increases by 4% in Q1
17.05.2013Latvian pharmaceutical wholesalers' turnover grew 4% in the first quarter of 2013, compared to the corresponding period in 2012, according to data from the State Agency of Medicines, informs LETA/Nozare.lv.
Excise tax revenue from alcohol in Latvia grew by 9% in Q1
17.05.2013Excise tax revenue from alcoholic beverages (excluding beer) increased 9% in the first three months of 2013, compared to the respective period in 2012, informs LETA/Nozare.lv.
Estonian meat industries quadrupled profits in 2012
Estonian meat industries nearly quadrupled their profits in 2012 to 8.86 million euros, LETA/Public Broadcasting reports.
Criminal proceeds of 1.9 mln euros worth confiscated by Estonian authorities in 2012
An analysis by the Estonian justice ministry indicates that criminal proceeds worth 1.9 million euros was confiscated in 2012, over a half of it in proceedings connected to narcotic substances, LETA/Public Broadcasting reports.
Central bank: shutting down Liepajas metalurgs will reduce GDP growth by 0.6-0.7%
If the financially-troubled metallurgical company Liepajas metalurgs is shut down, Latvia's economic growth will be reduced 0.6-0.7% this year, Bank of Latvia President Ilmars Rimsevics predicted during a press conference yesterday, cites LETA/Nozare.lv.
Krugman will not attend Riga Economic Forum
Nobel Prize winner in Economics, Princeton University Professor Paul Krugman will not participate in the First Riga Economic Forum due to the unexpected political controversy that his invitation to the forum has caused in Latvia, as the organizers of the forum informed the Nozare.lv business portal, cites LETA.
Biggest EUR 6.8 mln drug seizure in Lithuania's history
On May 12, the Lithuanian Customs officers detained at Lavorikes road, according to preliminary data, the largest smuggled drug shipment in the Lithuanian history, the authority said in a report, cites LETA/ELTA.
Czech Republic will do the best to support Lithuania's presidency of EU Council
Prime Minister of the Czech Republic Petr Necas on Thursday met with Prime Minister Algirdas Butkevicius and promised full support for Lithuania's presidency of the European Union Council, informs LETA/ELTA.
News platform of Latvia's new public medium goes online
lsm.lv – the news platform of Latvia's new public medium – went online today, as National Electronic Mass Media Council Chairman Ainars Dimants informed during a press conference, informs LETA/Nozare.lv.
Latvian businessmen’ support to euro increases
In March 2013, 44.9% of businessmen supported Latvia's transition to the euro, compared to 41.2% in December 2012, and according to a survey carried out by Citadele bank and the market and public opinion research center SKDS, writes LETA/Nozare.lv.
Schneider: shadow economy in Latvia at 25.5% of GDP in 2013
The share of the shadow economy in Latvia is at 25.5% of gross domestic product (GDP) this year, according to estimates made by Johannes Kepler University of Linz professor Friedrich Schneider. According to the estimates, Lithuania's shadow economy at 28%, Estonia's – 27.6% of GDP, reports LETA/Nozare.lv.
Semeta: findings of working group analysis on tax system are rational in Lithuania
European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud Algirdas Semeta says that findings presented by the working group that had analysed the tax system are rational, informs LETA/ELTA.
EU’s assessment of Latvian economic activity 
