International Internet Magazine. Baltic States news & analytics
Sunday, 18.05.2025, 06:48
PM urges Latvian ambassadors to focus on investments’ attraction
Latvian ambassadors abroad must focus on two priorities – fostering Latvia's economic ties with other countries and attracting foreign investments, Prime Minister Valdis Dombrovskis (Unity) emphasized during yesterday's meeting with the ambassadors.
Price of Christmas trees skyrockets in Estonia
A year ago a Christmas tree in Tallinn cost 100 kroons – or six euros per running meter, this season its price amounts to ten euros, the Estonian news portal BBN reports.
Juris Bundulis to become Grindeks’ board chairman
Latvian Health Ministry's Deputy State Secretary Juris Bundulis has accepted the offer from the joint-stock pharmaceutical company Grindeks to become the company's board chairman.
Estonia helps Helmand province to build up health care sector
On week-end, in New York, Estonian Foreign Minister Urmas Paet stated that extremely well coordinated co-operation is required to resolve natural disasters and humanitarian crises that keep growing in scale, the Estonian Foreign Ministry reports.
Cedus Invest acquires equities of Litagra
Cedus Invest, the Lithuania-based company 100% owned by a financial group Invalda, has acquired 36.9 % shares of Litagra, one of the largest enterprises of the agricultural sector of Lithuania, for 38.6 million litas, including the new share issue of Litagra totaling 37.1 million litas, the company informed the NASDAQ OMX Vilnius.
VAIDANA acquires third of Snaige's shares
On December 15, 2011, the Lithuania-based producer of refrigerators Snaige received a notification that UAB VAIDANA on December 12, 2011, acquired more than a third of shares of Snaige, the statement to the stock exchange said.
Valmiera Fiberglass plans LVL 54.7 mln in turnover in 2012
The joint-stock company Valmieras stikla skiedra (Valmiera Fiberglass, VSS) plans to operate with LVL 54.7 million in turnover 2012, a 37% increase on 2010, according to the company's announcement at NASDAQ OMX Riga.
Riga to host conference on New Silk Road initiative in 2012
It is planned that Riga will host a conference on the New Silk Road initiative in 2012, which will allow to connect Baltic and Central Asian regions for mutually beneficial economic cooperation, Foreign Ministry State Secretary Andris Teikmanis announced during today's meeting with NATO Deputy Secretary General Claudio Bisogniero.
Lithuanian Seimas committee rejects reduced VAT on newspapers
Algirdas Butkevicius, the elder of the Social Democratic Party Parliamentary Group said he was disappointed that the Committee on Budget and Finance rejected the proposal to reduce the VAT tax rate on newspapers.
Enterprise Estonia's 2012 budget amounts to 113 mln EUR
Estonian state owned entrepreneurship development foundation or Enterprise Estonia council approved of the consolidated budget of the institution for 2012, amounting to 113 mln EUR, LETA/National Broadcasting reports.
Latvian Foreign minister congratulates Russia on joining WTO
On Friday, addressing the participants of the Eighth Ministerial Conference of the World Trade Organisation (WTO) in Geneva, Latvian Foreign Minister Edgars Rinkevics congratulated the Russian Federation, Montenegro, Samoa and Vanuatu on their accession to the WTO.
More than half of Estonia’s GDP is created in Harju county in 2009
According to Statistics Estonia, in 2009, 61% of the gross domestic product (GDP) of Estonia was created in Harju county. In 2009, the GDP of Estonia at current prices was 13.8 billion Euros, of which the GDP of Harju county was 8.5 billion Euros.
Tallink was Estonia’s biggest exporter in 2010
Tallink Grupp, the biggest Baltic ferry company, was Estonia’s biggest exporter in 2010, followed by fuel trading company Baltic International Trading and electronics producer Ericsson Eesti, according to a ranking by business newspaper Aripaev, reported by Bloomberg.
A historic moment for Russia at the EU-Russia summit: WTO membership
Russia’s accession to the World Trade Organisation (WTO) to be effective in 2012 brings the total number of WTO members to 157. The EU is also expected to formally conclude its bilateral negotiations with Russia. Russia’s WTO accession makes a new opportunity for talks with the EU officials at the present EU-Russia summit. Russia’s membership in WTO provides new opportunities for Baltic States’ trade.
Straujuma hopes Cyprus will comprehend of Latvian farmers and fishermen's interests
Latvia hopes that Cyprus, during its European Union presidency in the second half of 2012, will be comprehending of Latvian farmers and fishermen's interests, Latvian Agriculture Minister Laimdota Straujuma said during a meeting with Cypriot Agriculture, Natural Resources and Environment Minister Sofoclis Aletraris in Brussels today.
«The Baltic Course» Is Sold and Stays in Business!
