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 …
2 weeks, 4 days ago by
Managing Editor
Tags: Enterprise Lithuania, Estonia, IMD competitiveness report, IMD World Competitiveness Yearbook 2013, Latvia, Lithuania, world competitiveness ranking
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 …
1 month ago by
Managing Editor
Tags: Baltic ministers' meeting, Estonia, Jaroslav Neverovic, Latvia, Lithuanian Energy Minister, new nuclear power plant project
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 …
1 month, 1 week ago by
Managing Editor
Tags: Algirdas Butkevicius, Estonia, Hitachi in Lithuania, Latvia, VAE, Visaginas Nuclear Power Plant
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 …
2 months, 4 weeks ago by
Managing-Ed
Tags: Baltic States, Estonia, Eurobarometer, European Union, Latvia, Lithuania, NGOs, Nordic countries, Trade Unions
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 …
2 months, 4 weeks ago by
Managing-Ed
Tags: Latvia, Lithuania, Rigas Dzirnavnieks
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 …
3 months ago by
Managing-Ed
Tags: Central Statistical Bureau, economic situation, households, lats, Latvia, poverty, survey
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 …
3 months ago by
Managing-Ed
Tags: economic recovery, Ernst & Young Baltic, Euro, European Commission, Eurozone, Latvia
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 …
3 months ago by
Managing-Ed
Tags: Battlegroup, Defence, European Union, Latvia, Lithuania, NATO, Nordic, Sweden, The Netherlands, UK
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 …
3 months ago by
Managing-Ed
Tags: Algirdas Butkevicius, Estonia, euros, Latvia, Litas, Lithuania, new nuclear power plant
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 …
3 months ago by
Managing-Ed
Tags: Äripäev, Baltic, Estonia, Finland, Finnkino, Finnkino Oy, Forum Cinemas, Latvia, Lithuania, media group Bonnier, Nordic, Norway, Ratos, SF Bio, Sweden
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 …
3 months ago by
Managing-Ed
Tags: AS BMGS, Baltic Sea, Höegh LNG, Klaipeda, Klaipedos Nafta, Latvia, Lithuania, NASDAQ OMX Vilnius, OAO Gazprom, Oslo
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, …
3 months ago by
Managing-Ed
Tags: Angela Merkel, Argentina, austerity measures, bankruptcy, Brussels, CNBC, Latvia, Paul Krugman, Valdis Dombrovskis