The Baltic Course | Baltic States news & analytics http://www.baltic-course.com/eng/ The Baltic Course - International Internet Magazine. Baltic States News & Analysis, Baltic market reviews eng Wed, 29 Jan 2020 11:46:59 +0200 Baltic Course, The baltic-course@baltic-course.com dmitrijs@mansbirojs.lv Searches at ABLV Bank may be connected to criminal case on laundering of at least EUR 50 million worth of funds http://www.baltic-course.com/eng2/analytics/?doc=153808 Law enforcement authorities today's searches at the offices of ABLV Bank, which is currently undergoing liquidation procedures, may be connected to a criminal case on money laundering in the amount of at least EUR 50,000,000, rreorted LETA. Wed, 29 Jan 2020 08:00:00 +0200 1580277600 Renewables in EU: the Baltic States’ progress http://www.baltic-course.com/eng2/modern_eu/?doc=153804 The EU's target is to reach 20 per cent of its energy from renewable sources by 2020 and at least 32% by 2030. Among the EU-28 states, 12 countries have already reached a share equal to or above their national 2020 binding targets: Bulgaria, Czechia, Denmark, Estonia, Greece, Croatia, Italy, Latvia, Lithuania, Cyprus, Finland and Sweden. Tue, 28 Jan 2020 19:40:00 +0200 1580233200 Estonia: Fermi Energia signs 2 nuclear plant project cooperation agreements http://www.baltic-course.com/eng2/good_for_business/?doc=153795 Estonian energy company Fermi Energia on Tuesday signed cooperation agreements with Finnish energy company Fortum and Belgian engineering company Tractebel to launch closer cooperation in the framework of Fermi Energia's small module reactor implementation project, informed LETA/BNS. Tue, 28 Jan 2020 12:10:00 +0200 1580206200 Contracting coronavirus from parcels shipped from China is impossible - SPKC http://www.baltic-course.com/eng2/markets_and_companies/?doc=153793 It is impossible to contract coronavirus from parcels shipped from China because the virus is sensitive to external environment, Ilze Araja, a representative of the Center for Disease Prevention and Control (SPKC), told LETA. Tue, 28 Jan 2020 11:00:00 +0200 1580202000 Lithuanian analysts: technological transformations pose challenges for workers http://www.baltic-course.com/eng2/analytics/?doc=153794 Organizational changes, the reason behind most of last year's group layoffs in Lithuania, and related processes, primarily manufacturing automation and digitization, pose additional challenges for some people, analysts say LETA/BNS. Tue, 28 Jan 2020 11:00:00 +0200 1580202000 New passenger car market in Latvia grows 8.6% in 2019 http://www.baltic-course.com/eng2/good_for_business/?doc=153792 Last year 20,939 new passenger cars were registered in Latvia, up 8.6% from 2018, exceeding 20,000 cars for the first time since 2008, according to the information published by the Latvian Auto Association writes LETA. Tue, 28 Jan 2020 09:00:00 +0200 1580194800 Residents consider Latvian labor tax system complicated - survey http://www.baltic-course.com/eng2/analytics/?doc=153789 Residents of Latvia consider the labor tax system complicated, as Evija Kropa from Swedbank Institute of Finances informed BC, referring to a survey carried out by the institute. Tue, 28 Jan 2020 08:00:00 +0200 1580191200 Lithuanians advised against travelling to China over virus threat http://www.baltic-course.com/eng2/tourism/?doc=153790 The Lithuanian Foreign Ministry advises Lithuanian citizens against travelling to China until the spread of the coronavirus has been contained. The Foreign Ministry recommends that citizens temporarily refrain from travelling to China, Rasa Jakilaitiene, the foreign minister's spokeswoman, told LETA/BNS. Tue, 28 Jan 2020 08:00:00 +0200 1580191200 Tax-free purchases in Latvia grow by 6.5% in H2 2019 http://www.baltic-course.com/eng2/good_for_business/?doc=153791 In the second half of last year, the volume of tax-free purchases in Latvia rose by 6.5% y-o-y, Vineta Kalmane, the head of Global Blue Latvija company, ensuring the service said LETA. Tue, 28 Jan 2020 08:00:00 +0200 1580191200 New Novatek LNG cargo on its way to Klaipeda http://www.baltic-course.com/eng2/energy/?doc=153788 A new cargo of liquefied natural gas (LNG) from Russia's Novatek is on its way to the Lithuanian port of Klaipeda, marking the 17th such delivery in the new gas year that started last October, reported LETA/BNS. Mon, 27 Jan 2020 20:20:00 +0200 1580149200 Latvia should probably invest in port terminal to ensure cargo flow - Linkaits http://www.baltic-course.com/eng2/transport/?doc=153787 The Latvian state should probably invest in a port terminal to ensure the flow of cargo from Belarus, for instance, Transport Minister Talis Linkaits (New Conservative Party) said in an interview with Latvian Television on Monday, commenting on potential cooperation with Belarus in oil shipping, inormed LETA. Mon, 27 Jan 2020 19:50:00 +0200 1580147400 Estonia: Last year produced record crop harvests http://www.baltic-course.com/eng2/analytics/?doc=153786 2019 was a favourable year for crop farmers, resulting in record total production as well as production per hectare. According to Statistics Estonia, the total production of cereals was 1,625,000 tonnes. The total production of potatoes was 120,500 tonnes, which is the largest in the last six years. The production of open-field vegetables was 77,000 tonnes. Mon, 27 Jan 2020 19:10:00 +0200 1580145000 Estonian bus operator Go Bus to bring 26 new buses to Saaremaa routes in February http://www.baltic-course.com/eng2/good_for_business/?doc=153785 Estonian bus operator Go Bus is to showcase 26 new buses in Kuressaare on Jan. 30 that will start servicing the entire Saare County from February, informed LETA/BNS. Mon, 27 Jan 2020 18:50:00 +0200 1580143800 Ex-president of Latvijas Auto road carriers association Trezins passes away http://www.baltic-course.com/eng2/transport/?doc=153776 Valdis Trezins, the former president of of Latvijas Auto road carriers association, has passed away, according to obituaries published in the daily Diena and on social networks, cite LETA. Mon, 27 Jan 2020 11:20:00 +0200 1580116800 Sustainability through digital means: inherent connections http://www.baltic-course.com/eng2/modern_eu/?doc=153777 Modern revolution in national growth patterns, ignited by the digital agenda, affected almost all spheres of socio-economic development. Global and European actions in sustainability are playing an active role: e.g. SDGs in the UN and several EU steps including digital economy-society and sustainability strategies. These aspects of modern growth are going to define the member states’ progressive development. Mon, 27 Jan 2020 11:20:00 +0200 1580116800 Latvia`s Tele2 invests EUR 1 mln in regional base stations' connections to optical network http://www.baltic-course.com/eng2/good_for_business/?doc=153774 Latvia's Tele2 mobile operator has spent EUR 1 million connecting its 4G base stations to the optical network, thus boosting the 4G network's capacity roughly tenfold, the company's spokesman Oskars Firmanis informed LETA. Mon, 27 Jan 2020 10:30:00 +0200 1580113800 Freight handling by Estonian ports up 32.5% on year in December http://www.baltic-course.com/eng2/good_for_business/?doc=153773 Estonian ports handled 3.6 mkn tons of cargoes in December, 32.5% more than during the same month in 2018, reported LETA/BNS. Mon, 27 Jan 2020 09:00:00 +0200 1580108400 Estonia: Circle K joins Bolt's food courier service in Tallinn, Tartu http://www.baltic-course.com/eng2/good_for_business/?doc=153772 Twelve Circle K service stations in Tallinn and three in Tartu are now accepting orders via the Bolt Food food delivery app, Circle K announced LETA/BNS. Mon, 27 Jan 2020 08:00:00 +0200 1580104800 Estonia: Workland opens co-working centers in Riga, Vilnius with EUR 2 mln http://www.baltic-course.com/eng2/good_for_business/?doc=153771 Workland, a company offering fully serviced shared office spaces, opened two new co-working centers in Riga and Vilnius this week after investing approximately a million euros in both centers. There are altogether 335 working spaces in the two new centers. By now, Workland has opened 10 centers across the Baltics, the company said LETA/BNS. Fri, 24 Jan 2020 22:00:00 +0200 1579896000 Latvia: Foreign chambers of commerce express concern about financial market reform http://www.baltic-course.com/eng2/finances/?doc=153769 Foreign chambers of commerce in Latvia approve of the ongoing financial market reforms, but there are still concerns and many uncertainties regarding banks' customer due diligence procedures, as Armands Gutmanis, head of the Swiss Chamber of Commerce in Latvia, told LETA. Fri, 24 Jan 2020 21:45:00 +0200 1579895100 Estonia: The net profit of the banks fell last year http://www.baltic-course.com/eng2/direct_speech/?doc=153770 The banking sector in Estonia earned net profit of 285 mln euros in 2019, which was one fifth less than in the previous year. The main reason for this was structural changes in the banking market. The net interest income and net service fee income of the banks fell a little as a ratio to total assets, but the ratio of administration costs remained the same as a year earlier. Changes in loan write-downs also affected profits. The net profit of the banking sector was 1% of total assets. Fri, 24 Jan 2020 21:45:00 +0200 1579895100 Regulator gives permission to replace LNT and Kanals 2 with TV3 Life and TV3 Mini http://www.baltic-course.com/eng2/markets_and_companies/?doc=153767 The National Electronic Mass Medic Council (NEPLP) has cancelled the licenses of LNT and Kanals 2 TV channels the request of their owner TV3 Group and has licensed to two new TV channels - TV3 Life and TV3 Mini, reported LETA. Fri, 24 Jan 2020 21:30:00 +0200 1579894200 Turnover of Skogssallskapet forest manager down 4.7% in past FY http://www.baltic-course.com/eng2/markets_and_companies/?doc=153768 Private forest manager Skogssallskapet in the last financial year from September 1, 2018, until August 31, 2019, generated EUR 920,584 in turnover, which is by 4.7% lower than in the previous financial year, while the company's loss increased by 3% to EUR 239,357, according to Firmas.lv business database writes LETA/BNS. Fri, 24 Jan 2020 21:30:00 +0200 1579894200 Bank of Lithuania: The halfway point towards European prosperity surpassed, yet many challenges still await http://www.baltic-course.com/eng2/direct_speech/?doc=153766 Over the last two decades, the gap between the standard of living in Lithuania and the EU average has more than halved, placing Lithuania in the leading position among the rest of the new EU Member States. However, an analysis carried out by the Bank of Lithuania has shown that to reach the average EU prosperity level, the country will have to address complex challenges that may come on its way. t Fri, 24 Jan 2020 21:00:00 +0200 1579892400 Riga City Council to vote on motion for Burovs' ouster and 2020 Riga budget in two weeks http://www.baltic-course.com/eng2/markets_and_companies/?doc=153764 A motion for ouster of Riga Mayor Olegs Burovs (Honor to Serve Riga), filed by Harmony and For Riga groups at the Riga City Council, will be put to vote at the Riga City Council's meeting on February 6, Burovs' advisor Baiba Gailite told LETA. Fri, 24 Jan 2020 20:50:00 +0200 1579891800 Lithuanian fuel prices stabilize after volatile start in 2020 http://www.baltic-course.com/eng2/energy/?doc=153765 Fuel prices in Lithuania have somewhat stabilized lately after a surge at the start of the year driven by excise tax hikes and rising crude prices, reported LETA/BNS. Fri, 24 Jan 2020 20:50:00 +0200 1579891800 Latvia: In December producer prices in industry decreased by 0.4% http://www.baltic-course.com/eng2/analytics/?doc=153763 Data of the Central Statistical Bureau (CSB) show that compared to November, in December 2019 the level of producer prices in the Latvian industry has reduced by 0.4%. Fri, 24 Jan 2020 19:10:00 +0200 1579885800 Estonia: PERH, Tartu University Hospital to develop comprehensive patient journey http://www.baltic-course.com/eng2/education/?doc=153742 The North Estonia Medical Center (PERH) and Tartu University Hospital signed a framework agreement on Thursday that is centered on cancer treatment, trauma treatment, treatment of rare diseases and developing a comprehensive patient journey, writes LETA/BNS. Fri, 24 Jan 2020 09:00:00 +0200 1579849200 Business angels have invested EUR 10.85 mln in Latvia's startups in 5 years http://www.baltic-course.com/eng2/good_for_business/?doc=153741 Private investors or so-called business angels in five years have invested EUR 10.85 mln in Latvia's startups, Juris Birznieks, the board chairman of the Latvian Business Angel Network (LatBAN) at the annual investors event said LETA. Fri, 24 Jan 2020 08:00:00 +0200 1579845600 Ban on Ukrainian poultry imports won't affect Lithuanian market - official http://www.baltic-course.com/eng2/baltic_states_cis/?doc=153743 The European Commission's ban on imports of Ukrainian poultry meat and poultry products will have no major effect on Lithuania, a food control official said LETA/BNS. Fri, 24 Jan 2020 08:00:00 +0200 1579845600 OIE declares Estonian domestic pigs free from ASF http://www.baltic-course.com/eng2/markets_and_companies/?doc=153744 The World Organization for Animal Health (OIE) has given Estonia the status of a country with domestic pigs free from African swine fever (ASF), informed LETA/BNS. Fri, 24 Jan 2020 08:00:00 +0200 1579845600 Conexus to invest EUR 88 mln in upgrade of Incukalns underground natural gas storage facility http://www.baltic-course.com/eng2/good_for_business/?doc=153745 Latvia's natural gas transmission and storage operator Conexus Baltic Grid (Conexus) will invest EUR 88 mln in the upgrade of Incukalns underground natural gas storage facility, LETA learned at the company. Fri, 24 Jan 2020 08:00:00 +0200 1579845600 Estonia: Skeleton Technologies' energy storage systems to be installed on Warsaw trams http://www.baltic-course.com/eng2/good_for_business/?doc=153746 Skeleton Technologies, a company of Estonian origin that provides ultracapacitors and energy storage systems for transportation and grid applications, has signed an agreement with Polish power system developer Medcom for the installment of energy storage systems on electric trams in Warsaw, CEO of Skeleton Technologies Taavi Madiberk said. Fri, 24 Jan 2020 08:00:00 +0200 1579845600 Lithuanian president's aide: Japan interested in Rail Baltic, synchronization financing http://www.baltic-course.com/eng2/transport/?doc=153737 The Japan Bank for International Cooperation (JBIC) is interested in providing financing for the Rail Baltic European-gauge railway project and the Baltic power grids' synchronization with the Western European system, an adviser to Lithuanian President Gitanas Nauseda said LETA/BNS. Thu, 23 Jan 2020 17:10:00 +0200 1579792200 Estonian craft gin producer Lahhentagge is planning to raise up to 200,000 euros via the Fundwise http://www.baltic-course.com/eng2/markets_and_companies/?doc=153736 Estonian craft gin producer Lahhentagge is planning to raise up to 200,000 euros via the Fundwise platform for entering foreign markets, informed LETA/BNS. Thu, 23 Jan 2020 17:00:00 +0200 1579791600 Latvia aims to remain Baltic leader by port cargo turnover - Linkaits http://www.baltic-course.com/eng2/transport/?doc=153733 Latvia's goal is to remain the Baltic leader by port cargo turnover, Transport Minister Talis Linkaits (New Conservative Party, JKP) told journalists Thursday. Thu, 23 Jan 2020 14:20:00 +0200 1579782000 TOP 10 real estate investment deals in 2019 in Riga http://www.baltic-course.com/eng2/good_for_business/?doc=153732 Low volumes of cashflow property development in recent years forced investors to consider not only ready-made properties but also those with development potential. In addition to the traditional objects with cashflow, the rating of TOP10 of 2019 real estate deals in Riga and surroundings also includes three considerable development land deals, BC learned from the Colliers International. Thu, 23 Jan 2020 13:55:00 +0200 1579780500 Management of Rail Baltica project in Latvia not effective enough - State Audit Office http://www.baltic-course.com/eng2/transport/?doc=153730 The Rail Baltica European-gauge railroad project's management in Latvia has not been effective enough, according to a report released by the State Audit Office on Thursday referred LETA. Thu, 23 Jan 2020 10:20:00 +0200 1579767600 Lithuania up to 35th place in corruption perception index http://www.baltic-course.com/eng2/analytics/?doc=153728 Lithuania went up three notches to the 35th position among 180 countries in the Corruption Perceptions Index last year after the country scored 60 out of 100 points, Transparency International said on Thursday. Thu, 23 Jan 2020 10:00:00 +0200 1579766400 Estonian govt to disburse EUR 353.7 mln in education support http://www.baltic-course.com/eng2/good_for_business/?doc=153729 The Estonian government is about to allocate at its meeting on Thursday 353.75 million euros from the support fund to municipalities for the financing of education, informed LETA/BNS. Thu, 23 Jan 2020 10:00:00 +0200 1579766400 Transport minister and entrepreneurs doing business in Freeport of Ventspils agree on cooperation http://www.baltic-course.com/eng2/transport/?doc=153727 Transport Minister Talis Linkaits (New Conservative Party) and entrepreneurs doing business in the Freeport of Ventspils' industrial zone, have agreed on cooperation to ensure business-friendly conditions in the port's territory, the freeport's representative Inga Ievina told LETA. Thu, 23 Jan 2020 09:00:00 +0200 1579762800 Latvia: Grindex board chairman Juris Bundulis steps dow http://www.baltic-course.com/eng2/markets_and_companies/?doc=153726 Juris Bundulis, the board chairman of Grindex pharmaceutical company, has stepped down from his position, the company said in a statement to the Nasadaq Riga stock exchange. Wed, 22 Jan 2020 19:10:00 +0200 1579713000 Wizz Air will no longer fly to Athens, Reykjavik from Vilnius http://www.baltic-course.com/eng2/transport/?doc=153725 Hungarian airline Wizz Air will no longer fly from Vilnius to Reykjavik and Athens as of late March. Moreover, the airline will operate fewer flights to London Luton, the company told LETA/BNS. Wed, 22 Jan 2020 19:00:00 +0200 1579712400 Estonia: RIA advises people to temporarily refrain from using Internet Explorer http://www.baltic-course.com/eng2/Technology/?doc=153723 The Estonian Information System Authority (RIA) is advising people to temporarily refrain from using Internet Explorer until the arrival of new security patches, informed LETA/BNS. Wed, 22 Jan 2020 18:50:00 +0200 1579711800 Finance Latvia Association considers Moneyval report a very positive signal http://www.baltic-course.com/eng2/finances/?doc=153720 The assessment provided by experts at the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) can be considered a very positive signal, the association's board chairperson Sanita Bajare told LETA. Wed, 22 Jan 2020 18:20:00 +0200 1579710000 Lithuania: Turkish company appeal Kaunas decision to tear up stadium contract http://www.baltic-course.com/eng2/legislation/?doc=153721 Turkish construction company Kayi Insaat has appealed against the decision by the authorities of Kaunas, Lithuania's second-largest city, to terminate its contract on the construction of the Darius and Girenas Stadium, informed LETA/BNS. Wed, 22 Jan 2020 18:20:00 +0200 1579710000 Tanker with oil for Belarus to enter Lithuania's Klaipeda on Thursday http://www.baltic-course.com/eng2/baltic_states/?doc=153722 A tanker bringing 80,000 tons of Norwegian oil for Belarus will not enter the Lithuanian port of Klaipeda on Wednesday due to bad weather conditions and is set to arrive on Thursday, Dovile Ringis, spokeswoman for the port of Klaipeda, said LETA/BNS. Wed, 22 Jan 2020 18:20:00 +0200 1579710000 Petrauskas elected rector of Vilnius University http://www.baltic-course.com/eng2/education/?doc=153719 Rimvydas Petrauskas, dean of Vilnius University's Faculty of History, has been elected its rector, the university's spokesman Ervinas Spudys told LETA/BNS. Wed, 22 Jan 2020 17:30:00 +0200 1579707000 Coffee Inn chain merges with Narvesen Baltija http://www.baltic-course.com/eng2/good_for_business/?doc=153718 The restructuring process of Coffee Inn, the owner of Caffeine Roasters coffee shop chain, merging with Narvesen Baltija retailer, has been completed, according to Firmas.lv business database. The restructuring process was completed on January 21, reported LETA. Wed, 22 Jan 2020 14:40:00 +0200 1579696800 2020 to become the time to win for European creative industry http://www.baltic-course.com/eng2/forums/?doc=153717 Time is constantly challenging. Information war in the pursuit of consumer attention in all communication channels is now more intense than ever putting brand new questions and tasks on advertisers and marketers’ agenda. What should brands do to communicate creatively and be effective. Which lifehacks and tools will work efficiently today and tomorrow. Most successful communications demonstrate their relevance in time. They are not being late. They are not in a hurry. They are right in time. And they win. International creative communications industry enters the time to win. Wed, 22 Jan 2020 14:30:00 +0200 1579696200 President of Uzbekistan is committed to government transparency and media freedom http://www.baltic-course.com/eng2/baltic_states_cis/?doc=153716 Commenting on the controversial cases involving representatives of Uzbekistan’s state bodies and mass media, President Mirziyoyev of Uzbekistan stated that he is committed to openness and transparency in the country. He specifically underscored: “we realize that closeness, lack of transparency, corruption, nepotism will hinder our aspirations. Turning a blind eye amounts to a betrayal of our new policies”. Wed, 22 Jan 2020 14:20:00 +0200 1579695600 Meridian Trade Bank changes its name to Industra Bank http://www.baltic-course.com/eng2/finances/?doc=153715 Meridian Trade Bank has changed its name to Industra Bank (Industra), LETA learned from the bank. Wed, 22 Jan 2020 14:00:00 +0200 1579694400 Latvia makes progress in strengthening measures to tackle money laundering and terrorist financing http://www.baltic-course.com/eng2/finances/?doc=153707 Latvia has made progress in strengthening its framework to tackle money laundering and terrorist financing, finds the first enhanced follow-up report, published today by the Committee of Experts on the Evaluation of Anti-money Laundering Measures and the Financing of Terrorism (MONEYVAL). Wed, 22 Jan 2020 11:20:00 +0200 1579684800 Latvia makes progress in strengthening measures to tackle money laundering and terrorist financing http://www.baltic-course.com/eng2/good_for_business/?doc=153708 Latvia has made progress in strengthening its framework to tackle money laundering and terrorist financing, finds the first enhanced follow-up report, published today by the Committee of Experts on the Evaluation of Anti-money Laundering Measures and the Financing of Terrorism (MONEYVAL). Wed, 22 Jan 2020 11:20:00 +0200 1579684800 New Novatek LNG cargo on its way to Klaipeda http://www.baltic-course.com/eng2/energy/?doc=153706 A new cargo of liquefied natural gas (LNG) from Russia's Novatek is on its way to the Lithuanian port of Klaipeda, marking the 16th such delivery in the new gas year that started last October, informed LETA/BNS. Wed, 22 Jan 2020 10:40:00 +0200 1579682400 Hotels: More Russian tourists than expected arrived in Tallinn for New Year holiday http://www.baltic-course.com/eng2/good_for_business/?doc=153704 Tentative figures suggest that Russian tourists arrived in Tallinn for the past New Year holiday in bigger numbers than expected, which indicates that the popularity of Estonia as a travel destination among in Russians is on the rise, the Estonian Hotel and Restaurant Association said LETA/BNS. Wed, 22 Jan 2020 10:20:00 +0200 1579681200 Estonia: PRFoods subsidiary to expand fish farm in Sweden http://www.baltic-course.com/eng2/good_for_business/?doc=153701 Overumans Fisk AB, subsidiary of listed Estonian fish products seller PRFoods AS, has obtained an approval to establish an additional fish farm in the Vasterbotten region of Sweden, PRFoods informed the stock exchange. Wed, 22 Jan 2020 09:10:00 +0200 1579677000 Latvia: AmberBirch veneer maker to start shipping products to European countries soon http://www.baltic-course.com/eng2/good_for_business/?doc=153700 AmberBirch veneer manufacturer has started selling its products in South East Asia and will soon start shipping products also to clients in European countries, LETA was told at the company. Wed, 22 Jan 2020 09:05:00 +0200 1579676700 Estonia: Tanker meets crowdfunding campaign's minimum target on 1st day http://www.baltic-course.com/eng2/good_for_business/?doc=153702 Estonian craft beer maker Tanker Brewery, which on Tuesday launched a crowdfunding campaign on the Funderbeam platform, had surpassed the campaign's 100,000-euro minimum target by 85,000 euros by the afternoon informed LETA/BNS. Wed, 22 Jan 2020 09:00:00 +0200 1579676400 Lithuania's Amber Grid announces CEO competition http://www.baltic-course.com/eng2/energy/?doc=153703 Lithuania's state-owned energy group Epso-G has announced a competition for CEO of gas transmission company Amber Grid. The new CEO will replace its former board chairman and now acting CEO Nemunas Biknius, Epso-G's director for strategy and development, writes LETA/BNS. Wed, 22 Jan 2020 09:00:00 +0200 1579676400 Estonia: Integration Foundation seeking partners for organizing language study in families http://www.baltic-course.com/eng2/education/?doc=153699 The Integration Foundation has announced a round of applications to find partners for organizing family stay language and culture learning for young people whose first language is not Estonian, informed LETA/BNS. Tue, 21 Jan 2020 21:10:00 +0200 1579633800 Support will be available to Latvian small and medium companies for attracting financing in capital markets http://www.baltic-course.com/eng2/finances/?doc=153698 Latvian small and medium enterprises will receive support for attracting financing in capital markets, as the government on Tuesday approved the new EU funds support program. Tue, 21 Jan 2020 21:00:00 +0200 1579633200 Amber Beverage Group takes over controlling stake in Austrian company Mountain Spirits http://www.baltic-course.com/eng2/markets_and_companies/?doc=153696 Amber Beverage Group, producer and distributor of alcoholic beverages in the Baltic states, has acquired a controlling stake in Austrian alcoholic beverages distributor and wholesaler Mountain Spirits, the company reported. Tue, 21 Jan 2020 20:50:00 +0200 1579632600 Bank of Lithuania approved the sample of the world’s first digital collector http://www.baltic-course.com/eng2/finances/?doc=153697 The Board of the Bank of Lithuania has approved the sample of the physical version of the digital collector coin – an original silver coin bearing a denomination of EUR 19.18 to commemorate the year of the Act of Independence of Lithuania. LBCOIN is dedicated to this prominent Act and its 20 signatories. Tue, 21 Jan 2020 20:50:00 +0200 1579632600 Helsinki port continued to be Europe's busiest passenger port in 2019 http://www.baltic-course.com/eng2/good_for_business/?doc=153695 The port of Helsinki continued to be the busiest passenger port in Europe last year with 12.2 mln ship passengers moving via the port during the 12 months, informed LETA/STT. Tue, 21 Jan 2020 20:30:00 +0200 1579631400 Norwegian Labor Inspection Authority suspends Latvian trucking company Kreiss' operations in Norway http://www.baltic-course.com/eng2/baltic_states/?doc=153694 The Norwegian Labor Inspection Authority has suspended Latvian trucking company Kreiss' operations in Norway as the company paid its truck drivers much less than stipulated by the Norwegian regulations, the Norwegian Road Haulage Association said LETA. Tue, 21 Jan 2020 20:20:00 +0200 1579630800 Estonia: KFC to open restaurant at Tallinn Airport in spring http://www.baltic-course.com/eng2/good_for_business/?doc=153687 Fast food chain Kentucky Fried Chicken (KFC) is about to open a restaurant at Tallinn Airport this spring, informed LETA/BNS. Tue, 21 Jan 2020 15:40:00 +0200 1579614000 Declining rail freight volumes can necessitate changes also in Latvijas Dzelzcels Group http://www.baltic-course.com/eng2/transport/?doc=153686 A decline in rail freight volumes might necessitate structural changes also in Latvijas Dzelzcels (Latvian Railways, LDz) Group, the national rail company's board member Andris Lubans said on Latvian Radio Tuesday, referred LETA. Tue, 21 Jan 2020 15:30:00 +0200 1579613400 Rail freight in Latvia down 15.8% in 2019 http://www.baltic-course.com/eng2/transport/?doc=153685 In 2019, freight shipping by rail in Latvia declined 15.8 % from 2018 to 41.492 mln tons, the Transport Ministry's data shows. Tue, 21 Jan 2020 15:20:00 +0200 1579612800 Births drop in Latvia for four consecutive years - statistics http://www.baltic-course.com/eng2/analytics/?doc=153674 In Latvia, birth number has been declining for four years in a row. Provisional data of the Central Statistical Bureau show that 18 589 births were registered in 2019, which is 725 births fewer than in 2018. Tue, 21 Jan 2020 11:40:00 +0200 1579599600 First forest fires of this year recorded in Latvia http://www.baltic-course.com/eng2/markets_and_companies/?doc=153672 The first two forest fires of this year were recorded in Latvia on Monday, the State Fire and Rescue Service informed LETA. Tue, 21 Jan 2020 11:00:00 +0200 1579597200 Lithuania offers Belarus alternative amid supply row with Russia http://www.baltic-course.com/eng2/baltic_states_cis/?doc=153673 A crude shipment from Norway for Belarus is expected to arrive in the port of Klaipeda this week as an alternative to Russian oil informed LETA/BNS. Tue, 21 Jan 2020 11:00:00 +0200 1579597200 Bolt expands to Armenia, Malta http://www.baltic-course.com/eng2/good_for_business/?doc=153671 Beginning on Tuesday, rides via the Bolt online transport platform can be ordered in Armenia and the food delivery service of Bolt Food in Malta, evgeni Belussov, executive responsible for enlargement at Bolt, said. Tue, 21 Jan 2020 10:40:00 +0200 1579596000 Six Latvian architecture firms join Architects Declare movement http://www.baltic-course.com/eng2/good_for_business/?doc=153670 Six Latvian architecture firms have joined the Architects Declare climate movement, representatives of Made Arhitekts company informed LETA. Tue, 21 Jan 2020 10:20:00 +0200 1579594800 Riga Eastern Hospital cut loss by 40% thanks to cost saving and restructuring in 2019 http://www.baltic-course.com/eng2/markets_and_companies/?doc=153665 Riga Eastern Clinical University Hospital (Riga Eastern Hospital) managed to cut its annual loss by 40 percent last year by taking cost saving and restructuring measures, the hospital's board chairman Imants Paeglitis said at a news conference cited LETA. Tue, 21 Jan 2020 09:00:00 +0200 1579590000 EUR 893,000 in excise duty paid on tobacco-free snus in Estonia last year http://www.baltic-course.com/eng2/finances/?doc=153666 A total of 893,000 euros was paid in excise duty on tobacco-free snus in Estonia in 2019, the Tax and Customs Board said LETA/BNS. Tue, 21 Jan 2020 09:00:00 +0200 1579590000 Lithuania: Panevezys mayor faces new corruption suspicions http://www.baltic-course.com/eng2/legislation/?doc=153667 Lithuanian prosecutors and the Special Investigation Service (STT) said they a conducting a new influence-peddling investigation involving the mayor of the northern city of Panevezys, informed LETA/BNS. Tue, 21 Jan 2020 09:00:00 +0200 1579590000 Lithuania sees fastest growth in new car sales in Baltics in 2019 http://www.baltic-course.com/eng2/good_for_business/?doc=153668 Among the Baltic countries, the biggest growth in new car sales year over year was seen in 2019 in Lithuania, where the number of new cars sold was bigger by 43.2% than in 2018, the Estonian association of car dealers and service companies AMTEL announced. Tue, 21 Jan 2020 09:00:00 +0200 1579590000 Accession to CERN has contributed to our Latvia's emerging community of excellent physicists - Levits http://www.baltic-course.com/eng2/education/?doc=153663 Latvia's accession to the European Organization for Nuclear Research (CERN) has helped develop a community of excellent physicists also in Latvia, President Egils Levits said during a visit to CERN in Geneva today. Mon, 20 Jan 2020 20:20:00 +0200 1579544400 Lithuania's avg wholesale electricity price rises 5% w-o-w http://www.baltic-course.com/eng2/energy/?doc=153661 Lithuania's average wholesale electricity price rose by 5 percent last week compared with a week earlier, Litgrid said on Monday. Mon, 20 Jan 2020 20:10:00 +0200 1579543800 Lithuanian Constitutional Court to hear Skinest's complaint http://www.baltic-course.com/eng2/legislation/?doc=153662 The Lithuanian Constitutional Court will hear an individual complaint by Oleg Ossinovski, Skinest Grupp and Skinest Rail questioning the constitutionality of a law based on which the Lithuanian government did not allow Lietuvos Gelezinkeliai (Lithuanian Railways, LG) to sign contracts with Skinest Baltija, a company of the Estonian railway services group, reported LETA/BNS. Mon, 20 Jan 2020 20:10:00 +0200 1579543800 New Novatek LNG shipment arrives in Lithuania's Klaipeda http://www.baltic-course.com/eng2/energy/?doc=153660 A new small LNG cargo from Russian gas company Novatek arrived in the Lithuanian port of Klaipeda on Saturday. It’s the 15th LNG cargo this gas year that started in October, writes LETA/BNS. Mon, 20 Jan 2020 19:50:00 +0200 1579542600 Estonian cbank issuing 2-euro coin commemorating discovery of Antarctica http://www.baltic-course.com/eng2/finances/?doc=153659 The Bank of Estonia is issuing a two-euro coin commemorating the discovery of Antarctica. Mon, 20 Jan 2020 19:40:00 +0200 1579542000 Wizz Air to launch flights from Vilnius to St. Petersburg http://www.baltic-course.com/eng2/good_for_business/?doc=153658 Hungary's budget carrier Wizz Air is set to launch flights between the Lithuanian capital of Vilnius and Russia's second-biggest city of St. Petersburg in June, informed LETA/BNS. Mon, 20 Jan 2020 19:00:00 +0200 1579539600 Latvian ports' cargo turnover decreases 5.7% in 2019 http://www.baltic-course.com/eng2/transport/?doc=153657 Latvian ports' cargo turnover last year amounted to 62.379 mln tons, which is 5.7% less than in 2018, according to the Transport Ministry's data. Mon, 20 Jan 2020 16:20:00 +0200 1579530000 Number of new insolvency procedures drops by 25% in five years - Lursoft http://www.baltic-course.com/eng2/analytics/?doc=153656 2019 year was the fourth consecutive year when the number of new insolvencies has dropped, and in the past five years this number has dropped by 25%, according to Lursoft. Mon, 20 Jan 2020 16:10:00 +0200 1579529400 Estonia: Producer price index continued to fall in December http://www.baltic-course.com/eng2/analytics/?doc=153640 According to Statistics Estonia, in December, the producer price index of industrial output fell by 0.9% compared to November and by 1.2% compared to December 2018. Mon, 20 Jan 2020 12:00:00 +0200 1579514400 EBRD appoints Estonian Andre Kuusvek managing director for Central Asia http://www.baltic-course.com/eng2/good_for_business/?doc=153643 The European Bank for Reconstruction and Development (EBRD) has appointed Andre Kuusvek, an Estonian, as its managing director for Central Asia, informed LETA/BNS. Mon, 20 Jan 2020 11:50:00 +0200 1579513800 Turku (Finland) to host the Baltic Sea's first Swan European Regatta http://www.baltic-course.com/eng2/forums/?doc=153642 The Swan European Regatta will be held in Turku, Finland from 7 to 12 July 2020. Previously held in Cowes, UK, the regatta is now moving to the Baltic Sea area for the first time. Sail boat manufacturer Nautor hopes that the move will bring the event within reach of more Northern European Swan owners as well. Mon, 20 Jan 2020 11:45:00 +0200 1579513500 Eurostat: Almost 7% of households are unable to pay utility bills on time http://www.baltic-course.com/eng2/analytics/?doc=153641 Improving the living conditions of its people and fighting poverty and social exclusion is a central part of European Union policies. Nevertheless, there are still households in the EU that have difficulties in making ends meet. In 2018, almost 7% of households had been unable to pay utility bills (heating, electricity, gas, water, etc.) on time, due to financial difficulties. However, this share has fallen steadily in the EU as a whole, from over 10% of households in 2013, informed Eurostat. Mon, 20 Jan 2020 11:20:00 +0200 1579512000 Lithuania's Snoras seeks EUR 335.2 mln in damages from Switzerland's Julius Baer http://www.baltic-course.com/eng2/legislation/?doc=153639 Lithuania's bankrupt bank Snoras has turned to Swiss courts, seeking 335.2 mln euros in damages from the Swiss bank Julius Baer, suspected of having failed to prevent embezzlement of Snoras assets informed LETA/BNS. Mon, 20 Jan 2020 11:00:00 +0200 1579510800 Passenger volumes at Riga International Airport up 12.5% in December http://www.baltic-course.com/eng2/good_for_business/?doc=153636 In December of last year, passenger volumes at Riga International Airport reached 581,901, which was up by 12.5% when compared to December 2018, the airport informed. Mon, 20 Jan 2020 09:00:00 +0200 1579503600 More and more people believe processes in Latvia are not moving in the right direction - poll http://www.baltic-course.com/eng2/analytics/?doc=153637 More and more people believe Latvia is not moving in the right direction, according to a survey conducted by SKDS pollster, writes LETA/BNS. Mon, 20 Jan 2020 09:00:00 +0200 1579503600 Estonia: Eesti Energia keen to produce fuel from non-recyclable plastic http://www.baltic-course.com/eng2/energy/?doc=153632 Estonian state-owned energy group Eesti Energia has announced a public procurement tender for the conduct of applied research with a view to producing liquid fuels from non-recyclable plastics using Eesti Energia's Enefit technology, informed LETA/BNS. Fri, 17 Jan 2020 21:00:00 +0200 1579287600 Supervisory boards of Estonian state companies may be in for major cleanup http://www.baltic-course.com/eng2/markets_and_companies/?doc=153635 The powers of 92 members of the supervisory boards of 28 state owned or state invested companies in Estonia are about to expire this year, and the changes made by the government to the composition of the supervisory boards' appointments committee may indicate a possible politicization and major cleanup in the supervisory boards, according to the Postimees information wrote LETA/BNS. Fri, 17 Jan 2020 20:40:00 +0200 1579286400 Number of rail passengers carried by Pasazieru Vilciens up 2% in 2019 http://www.baltic-course.com/eng2/good_for_business/?doc=153634 Latvia’s Pasazieru Vilciens rail company carried 18.45 mln passengers in 2019, which is an increase of 2% against the same period a year ago, the company informed LETA. Fri, 17 Jan 2020 20:30:00 +0200 1579285800 Vexoil Bunkering tops list of Latvia's biggest tax debtors in January http://www.baltic-course.com/eng2/finances/?doc=153633 As at January 1, 2020, bunkering services provider Vexoil Bunkering topped the list of Latvia’s largest tax debtors with an outstanding tax debt of EUR 39.256 mln, according to the State Revenue Service’s data write LETA/BNS. Fri, 17 Jan 2020 20:20:00 +0200 1579285200 EU’s “green deal”: investment and financial facilities for the states http://www.baltic-course.com/eng2/modern_eu/?doc=153631 The “green transition” imposes numerous constraints for the EU states. Among other things, there are the EU institutions and the member states’ efforts to deliver on the European idea of the global first climate-neutral bloc by 2050. These efforts are facing numerous challenges, including complex financial issues. The EU multi-annual budget as well as the member states’ involvement shall provide adequate assistance… Fri, 17 Jan 2020 19:50:00 +0200 1579283400 Lithuania: suspicions brought against Grigeo Klaipeda, three employees over pollution http://www.baltic-course.com/eng2/legislation/?doc=153630 Suspicions of possible pollution of the Curonian Lagoon have been brought against Grigeo Klaipeda and its three employees, including a former company director, reported LETA/BNS. Fri, 17 Jan 2020 17:10:00 +0200 1579273800 Estonia: Immigration has been driving population growth for five years http://www.baltic-course.com/eng2/good_for_business/?doc=153621 According to Statistics Estonia, the preliminary estimate of the population of Estonia as at 1 January 2020 was 1,328,360, which is 3,540 persons more than at the same time a year ago. Fri, 17 Jan 2020 10:20:00 +0200 1579249200