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  • Lithuanian court freezes assets of Lithuania’s richest man
    the assets of Nerijus Numavicius as a temporary measure to secure a claim against the Lithuanian millionaire who is also one of the majority owners of the Maxima supermarket chain As part of the litigation other owners want Numavicius to return a 30 percent holding in the Maxima parent group Vilniaus Prekyba of which he is a majority shareholder Mindaugas Marcinkevicius a minority shareholder of Vilniaus Prekyba claims Numavicius acquired the sha The article you requested can be accessed only by subscribing to the online version of The Baltic Times If you are already subscribed to The Baltic Times please authorize yourself Log In In case you don t have a subscription yet please visit our SUBSCRIPTION section Comments Related Articles Lithuania will host innovation experts and creators from around the globe Transport Ministry Sacks Chairman of Latvian Railways Office launch party of Latvian Asian Chamber of commerce Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Goliath Wind signs 100 million euro deal in India Estonia Merko signs contract on construction of Tallinn tram line extension Russian Roulette the shot of vodka heard round the world Estonia was Europe s biggest exporter of wooden houses in 2014 Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer in 1996 The Baltic Times continues to bring objective comprehensive and timely information to those with an interest in this rapidly developing

    Original URL path: http://www.baltictimes.com/lithuanian_court_freezes_assets_of_lithuania___s__richest_man/ (2016-02-13)
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  • Start-ups in Estonia: should society fear or embrace them?
    by one of the participants Margus Uudam Scepticism aside one take away from the discussion was that start ups are delicate creatures masterminded and developed by ambitious people but they do not necessarily need to make a profit to be useful for Estonian economy Although named even more provocatively than the previous offering the overall consensus at the discussion in the Postimees Area was equally positive bringing the discussion back again and again to customer experience This seemed to be less from a love of marketing jargon than a genuine belief that apps have revolutionised traditional industries such as transport and hospitality in the name of consumer comfort and availability As Kadri Hansalu from Postimees noted But at the end of the day someone must bring about such change in any case However the newly adopted creed of start ups that customer is king was not given such an easy pass by all involved Are start ups like Uber and Booking com middlemen that take income and control away from actual service providers increasingly reliant on customer ratings rather than accredited regulators Do they merely make service less controlled and safe Then there is the issue of market specificity Verni Loodma representing Hotell London in Tartu suggested that ever powerful apps such as Booking com are often far removed from the many markets they operate in particularly in the case of small countries like Estonia Not knowing the market context can in turn lead to factual errors in the app s descriptions and comparative methods that may harm the popularity of a given hotel Service providers are left stranded as the process of getting things fixed is often unacceptably slow Having said that the pressure to get better reviews can be conducive to becoming better at what you do raising the bar for the industry in general One thought that echoed throughout the discussion was that a ratings culture works to empower ordinary customers an update perhaps long overdue Enn Metsar from Uber emphasised how important scale is for start ups to create a great app one needs resources and a global market to support further development In a similar vein Tonu Runnel from voog com summed this up with a jocoserious statement You can t make an app in the same way as a chicken hatches an egg And if innovation wants to happen and customers support it society will need to follow and regulate it in hindsight This realisation guided the discussion as Kadri Hansalu emphasised that innovation is in our blood Generation Y is more attuned to the necessity and reality of change which makes the streamlined but often more personalised customer experience offered by apps appear as a natural and positive development While Verni Loodma remained convinced that certain customers will always prefer the comforts of a hotel to new app enabled services such as Airbnb the effect of a generational difference on how we like and more importantly will like certain services remained largely unexplored

    Original URL path: http://www.baltictimes.com/start-ups_in_estonia__should_society_fear_or__embrace_them_/ (2016-02-13)
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  • Ex-Mayor blasts Mayor for airline bankruptcy
    an important decision that unfortunately has been stopped forcing Vilnius to take a giant step backwards he says It saddens me when politics becomes the basis for making decisions because that is a bad way to run a city Following the Air Lituanica shut down in May Mayor Simasius explained to The Baltic Times why his administration had decided to fold the airline To keep it short the company was generating heavy losses and they increased every year said Simasius In 2015 the cost to keep the company afloat was almost 10 million euros per year That s around 1 million euros per month or 30 000 euros per day Zuokas was known for a number of similarly ambitious flagship projects during his tenure including taxis equipped with wifi bicycle rental schemes and forays into e governance But he avoids claims that either of his two terms as Mayor were excessively extravagant Vilnius would not have been in debt to start with if there had been an equitable distribution of the national budget he says describing his long running battle with the national government to allocate more funds to the country s capital He hopes a number of his other initiatives will not be dropped like Air Lithuanica by the Simasius administration I do hope that the new city government will not shut down the Ski and Sports Center designed by World Trade Center architect Daniel Libeskind that we initiated he says The opening of the first building was supposed to be in November The Latvian partners who won the tender for the management of the center are convinced that it can become the best leisure and winter sports center in the Baltics Another point of contention in the first few months of the Simasius administration has been the removal of the controversial Soviet Bronze Statues from the Green Bridge in Vilnius at the end of July this year While agreeing the statues needed to be removed from their position due to their advanced state of disrepair Zuokas argued they should be returned to where they had stood since 1952 atop the Green Bridge for legal and historical reasons once repaired The sculptures were in a dangerous state of disrepair and they needed to be restored he said Last autumn when I was still mayor we had already received permission from the national Cultural Preservation Department to have them removed for restoration and came up with a plan for doing so That plan is now being implemented I would like to point out that the law requires the statues be returned to their original location after they have been restored That decision was and continues to be made at a national level Anyone who says otherwise is simply playing politics In my personal opinion I think that the statues should remain where they are for other reasons as well not only the legal ones They are a part of our history he concluded They are like a history book that

    Original URL path: http://www.baltictimes.com/ex-mayor_blasts_mayor_for_airline_bankruptcy/ (2016-02-13)
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  • News search
    industry concern EuroChem Group is holding talks with shareholders of Achemos Grupe Achema Group on the acqu Read More Latvian Summer Festivals Pay Attention to Environmental Footprint RIGA Anyone who has ever taken a stroll through the camping grounds after a pop festival or lingered behind on the bleachers after a football Read More Latvia s Balticovo egg company hatches plans to launch in US RIGA Latvia s largest egg and egg products producer Balticovo has started shipping its products to the United States BNS was to Read More Klaipeda Oil to invest EUR 36 5 mln in oil product terminal expansion LNG station VILNIUS Klaipedos Nafta Klaipeda Oil the Lithuanian energy terminals operator plans to invest 36 5 million euros in the expansion of its p Read More E residency struggles to reach government targets TALLINN vWhen e residency was set up last year it was touted as an effective means to bring business to Estonia in the digital age But the a Read More Estonian taxi booking app Taxify expands to Czech capital TALLINN The mobile app based taxi booking service of the Estonian startup Taxify is from Friday available also in the Czech capital Prague Read More Lithuanian Energy goes with the wind Lietuvos Energija Lithuanian Energy plans to invest in wind farms as a way to put capital at work and initially would like to acquire at lea Read More Previous 69 70 71 72 73 74 75 76 77 78 Next Subscribe Advertise Log In Please enter your username and password Forgot your password Login Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The

    Original URL path: http://www.baltictimes.com/search/jcms/start/680/ (2016-02-13)
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  • “Socifaction” Stimulates Social Business in the Baltics
    the 2009 World Economic Forum sound simple enough a social business aims to overcome one or more problems which threaten people and society investors get back their investment amount only and profit stays with the company for expansion As such a social business is like a charity in its goals although it uses business methods and is at least in theory economically sustainable and independent from donations and grants This probably explains why Socifaction s festival drew so many representatives from NGOs interested in finding innovative ways of funding their cause There are several ways for a social business to tackle its social problem or reach its target audience Sometimes the beneficiary is the customer Selling cheap solar lamps in developing countries for instance Other social businesses aim to improve the lives of their employees Latvian weaving workshop Lude employs isolated pensioners and offers them both an occupation and a steady wage The cause can also be a wider societal one such as promoting vegetarianism by mainstreaming no meat catering services Although Socifaction s festival showcased many inspiring examples not many of the projects mentioned strictly adhere to Yunus definition of social business A Lithuanian SEB bank representative presented some slides about Corporate Social Responsibility and the bank s sustainability policy Family owned Latvian fruit brand Very Berry explained they don t feel the need for an eco label since people can just come see for themselves how sustainable they are And the Young Challengers part of the festival featured some enthusiastic pitches by aspiring entrepreneurs that sounded interesting enough home delivered freshly squeezed fruit juices but do not necessarily tackle any pressing global issues In fact the most successful examples of social businesses presented at the Festival came from beyond the Baltics Adrenaline Alley now Europe s largest indoor skate park started out as a mother s mission to create a safe leisure environment for her son in the dreary British town Corby Equally British and successful is Pants to Poverty an underwear brand that aims to end poverty across their entire production chain Socifaction certainly manages to inspire judging from the young participants stories and reactions of the festival s visitors But one is left with questions too Social business is not a legally recognized business form at least not in the Baltics As such a public or private company can claim to be more or less socially responsible but there is no legislation in place to control or enforce any social claims Further like in traditional charity work impact is very hard to measure At the very least the Socifaction project helps to encourage a new generation of Lithuanian and Latvian entrepreneurs to follow their dreams of selling eco chewing gum or opening people friendly day centers for the elderly Only time will tell if these entrepreneurs will indeed help overcome the world s problems Comments Related Articles Lithuania will host innovation experts and creators from around the globe Transport Ministry Sacks Chairman of Latvian Railways Office

    Original URL path: http://www.baltictimes.com/___socifaction____stimulates_social_business_in_the_baltics___socifaction____stimulates_social_business_in_the_baltics/ (2016-02-13)
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  • Baltic politicians mull over Burqa ban
    Estonia s Minister of Social Protection Margus Tsahkna said last month that his ministry has mooted the idea of banning burqas in public places Banning the burqa Tsahkna argued could be justified on the grounds of state security He has since tabled a proposal to the Ministry of Justice arguing that similar bans on face covering exist in other EU member states including France and the Netherlands Tsahkna s idea The article you requested can be accessed only by subscribing to the online version of The Baltic Times If you are already subscribed to The Baltic Times please authorize yourself Log In In case you don t have a subscription yet please visit our SUBSCRIPTION section Comments Related Articles Concept of foreign policy has changed for Estonia Medieval ships uncovered beneath Tallinn building sites Go Rail ends Tallinn Moscow service for economic reasons Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Japan follows Estonia s lead with electronic ID cards Right wing parties launch 24 hour anti migrant rally Right wing parties launch 24 hour anti migrant rally in Tallinn The battle for the Estonian coastline Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer in 1996 The Baltic Times continues to bring objective comprehensive and timely information to those with an interest in this rapidly developing area of the Baltic Sea region Read more Our news analysis

    Original URL path: http://www.baltictimes.com/baltic_politicians_mull_over_burqa_ban/ (2016-02-13)
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  • Lietuva in brief
    the Kremlin s annexation of Crimea and involvement in the conflict in East Ukraine The conscripts started their service in the Lithuanian Grand Duke Butigeidis Dragoon Battalion based in the western seaport town of Klaipėda Linkevicius tougher sanctions needed Lithuania s Foreign Minister Linas Linkevičius has called for tougher EU and NATO sanctions on the Kremlin following the outbreak of violence in Eastern Ukraine on August 11 2015 The violence saw pro Kremlin rebels fire 153 shots at Ukrainian Army soldiers and kill two in Donetsk The attack was the most severe since the Minsk II ceasefire agreements were signed in February this year One civilian was also killed Subsequently Linkevičius believes the clashes should be viewed as a signal to consider further sanctions on Moscow All sanctions must be extended he said And if the situation changes for the worse they should be tightened Comments Related Articles Kaunas municipality begins refurbishment work on Jewish cemetary Lithuania supports Georgia s NATO aspirations NATO to halve Baltic air policing mission four jets to remain in Siaulai Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Mixed hopes in Vilnius for Belarus reset Lithuanian MEP migrant crisis will be a lingering issue Refugees to be questioned on religion and previous military activities by Lithuanian authorities Former KGB spy given Lithuanian residence permit Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer

    Original URL path: http://www.baltictimes.com/lietuva_in_brief_76929242255e750cc9488a/ (2016-02-13)
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  • Drunk AirBaltic crew sentenced to jail in Norwegian court
    Norway to Greece was delayed for hours due to four of its crew members arriving drunk to work a Norwegian court has dished out jail sentences According to Germany s international broadcaster Deutsche Welle two stewardesses the pilot and the co pilot had been arrested following an anonymous tip off by an employee at the hotel where the crew were staying The informant had spotted them drinking the night before the flight The article you requested can be accessed only by subscribing to the online version of The Baltic Times If you are already subscribed to The Baltic Times please authorize yourself Log In In case you don t have a subscription yet please visit our SUBSCRIPTION section Comments Related Articles U S heavy weaponry to be deployed in Latvia from autumn 2015 Latvia Lumbers Towards Higher Spending on Defence Russia Today requests permission to establish Latvian subsidiary Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Latvian government reaches for guns over health care Crude oil leaks from Latvia s VNT terminal Latvia and China discuss bilateral cooperation Drunk AirBaltic crew sentenced to jail in Norwegian court Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer in 1996 The Baltic Times continues to bring objective comprehensive and timely information to those with an interest in this rapidly developing area of the Baltic Sea region Read more Our news

    Original URL path: http://www.baltictimes.com/drunk_airbaltic_crew_sentenced_to_jail_in_norwegian_court_199236797555e75056c40e6/ (2016-02-13)
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