International Internet Magazine. Baltic States news & analytics
Saturday, 23.08.2014, 00:37
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
On 10 September, 2014, the Competition Council in partnership with Vilnius University will hold the 11th Baltic Competition Conference, the Competition Council informs.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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%.
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.