International Internet Magazine. Baltic States news & analytics
Sunday, 07.03.2021, 19:16
Global growth continues on a strong footing, yet elevated risks, notably in international trade, are starting to exert downward pressure on the main engines of economic activity – near-term momentum in the US, China and the euro area will be weaker than previously expected. Attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group held in Nusa Dua, Indonesia, this week, Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, will discuss rising downside risks and the need to gear up in order to withstand them.
Keyword tags: Analytics, Banks, Direct Speech, EU – Baltic States, Financial Services
The Lithuanian-Swedish power cable NordBalt has come online on Thursday following less than two months of repairs, Lithuanian power transmission system operator Litgrid confirmed it to LETA/BNS.
With 53 new projects financed with foreign direct investment (FDI) launched in Latvia in 2017, FDI projects grew 39% from 2016, according to a survey on FDI attraction conducted by Ernst&Young (EY), citing LETA.
Construction firm Merks, a company of the listed Estonian construction group Merko Ehitus, is due to start building a logistics center for retailer Lidl Latvia in Riga next week, informed LETA.
The Baltic states have been allowed to join continental Europe's power network, which is one of the key steps in Lithuania, Latvia and Estonia's bid to synchronize their power networks with that of Europe, reported LETA/BNS.
Saeima approves proposal that employers have no right to demand employees speak foreign languages unless that is necessary in their job
- Saeima today approved amendments to the Labor Law in the second reading, which stipulate that employers have no right to demand their employees to speak foreign languages unless such language skills are necessary in their jobs, informed LETA.
Provisional data on use of pesticides on cereals, field beans and rape to be harvested in 2017 compiled by the Central Statistical Bureau (CSB) show that, compared to 2012, in 2017 the volume of pesticides1 used on one hectare of cereal cropland reduced by 5.8 % and of that used on one rape hectare by 11.7 %. Last year, 689.3 tonnes of pesticides or 0.98 kg on average per one hectare of sown area were used (1.04 kg in 2012), while rape areas were treated with 159.2 tonnes of pesticides or on average 1.36 kg per hectare of sown area (1.54 kg in 2012).