A meeting of the Rail Baltica Task Force which ended in Riga earlier this week, and which was attended also by a representative of the European Commission, discussed a proposal for a more effective implementation of the project. The proposal was presented by Mr Rimantas …
The Lithuania Tribune presents a study by Andres Mäe on the potential behind the LNG terminal that is planned to be constructed in Lithuania as published by Centre for Geopolitical Studies in Lithuania (Geopolitika). The discussion about diversification of natural gas supply for the Baltic …
On Wednesday, 5 June, 2013, the German-Baltic Chamber of Commerce in Estonia, Latvia, Lithuania organised a trade forum, called ‘Baltics – the hub for Northern and Eastern Europe’ at the world transport logistic fair in Munich. “For us it is important to present particular advantages …
In line with our expectations, convergence reports by the European Central Bank (ECB) and European Commission (EC) provide a positive appraisal of whether Latvia is ready to join the euro area, Swedbank Macro Research has stated. According to the report, Latvia fulfils all the Maastricht …
According to IMD World Competitiveness Yearbook 2013, this year Lithuania has climbed from place 36 to 31, its performance being better than that of Estonia (down to place 36) and Latvia (41; assessed for the first time), Enterprise Lithuania (Versli Lietuva) has informed. Lithuania retains …
On 30 May, the meeting of the Council at Ministerial Level of the Organisation for Economic Co-operation and Development (OECD) authorised the organisation’s Secretary-General to launch accession negotiations with Latvia, Latvian Foreign Ministry has informed. Latvia’s Foreign Minister Edgars Rinkēvičs expressed satisfaction with the decision …
The most appealing business environment in the Baltic countries is in Estonia, the most problematic – in Lithuania indicates the study ‘Business Culture and Values in the Baltic States’ carried out by the Centre for Sustainable Business at the Stockholm School of Economics in Riga, …
The Lithuania Tribune presents an opinion article by Audrius Bačiulis, as published in www.veidas.lt, on the lack of resolute decision-making by the head of Lithuanian government in relation to the Visaginas Nuclear power plant project. Instead of taking a decision to resolve the conundrum over …
BNS Following the government’s decision to authorise Energy Minister Jaroslav Neverovič to consult until 1 July, 2013, with regional partners – the Latvians and the Estonians – whether they find the new terms of the project on the construction of a new nuclear power plant …
BNS Lithuania’s government will decide on Wednesday whether a joint Baltic venture should be established for the construction of a nuclear power plant in Visaginas, Prime Minister Algirdas Butkevičius said on Tuesday. Alternatively, this task could be handled by existing Visagino Atomine Elektrine (Visaginas Nuclear …
BNS Increasing numbers of emigrants return to Lithuania every year, however, the lower flow of emigration is still a few times higher than the returning numbers, shows statistics published on Friday. According to data published by the Statistics Department, 17,300 Lithuanian citizens returned to their …
The Baltic states considerably lag behind other members of the European Union in terms of participation in the activities of trade unions and nongovernmental organizations, a fresh survey revealed on Thursday. The Eurobarometer survey showed that just 3 percent of those surveyed in Lithuania and …
The Swedish Lantmännen Cerealia concern will be concentrating on the Scandinavian market from now on. Therefore, the decision has been made to sell its AS Rīgas Dzirnavnieks (RD) to the Lithuanian Malsena grain processing company, reports bnn-news. Malsena will be taking responsibility for nearly 90 workers after the deal is done. Regular …
In 2012, households were generally short of 66 LVL (€94) per household member to make ends meet on a monthly basis; practically the same amount as there was in 2011 (67 LVL = €95), reports bnn-news. Income growth was insufficient to cover the deficit in …
Latvia continues to successfully recover from the economic crisis and will be able to maintain 4 – 5.5% GDP growth throughout the 2014-2017, reports bnn-news. The country is expected to have an even more rapid economic growth than this year’s predicted 3.2%, according to the …
On March 18-22 military personnel of King Mindaugas Motorised Infantry Battalion assigned to the European Union Battlegroup (EUBG) will be attending evaluation exercise in Pabradė Training Area, informed kam.lt. Approximately 120 members of King Mindaugas Battalion will conduct standby in a high-readiness unit of the …
Prime Minister Algirdas Butkevicius says that preparatory new nuclear power plant infrastructure works only will cost twice more than it had been planned originally, as now they cost at least 700 million litas (203 million euros), reports the Baltic Times. Lithuania is committed to implement …
Swedish privately owned media group Bonnier that is parent company of Äripäev and owns film distributor SF Bio and Ratos, owner if film distributor Finnkino, has agreed to merge their cineme distribution operations and form the Nordic region’s largest cinema group, announced the companies, reports …
Klaipedos Nafta AB, Lithuania’s state-controlled energy terminal operator, hired Latvian construction company AS BMGS to engineer and build port infrastructure for a new natural-gas terminal on the Baltic Sea, reports bnn-news. BMGS agreed to complete the work by Oct. 1, 2014 for a maximum price of …
Latvian Prime Minister Valdis Dombrovskis hit back on Friday, March 15, at Paul Krugman’s criticism of Latvia’s austerity measures, saying the Nobel Prize-winning economist has difficulty admitting his own mistake, writes bnn-news. “Krugman famously said back in December 2008 that Latvia is the new Argentina, …
