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  • Jurmala could lose New Wave festival due to Moscow decision
    temporary residence permit programme Jurmala hotel and restaurant representatives surveyed by the newspaper indicated that this eventuality would be very bad for them as these events accounted for 95 percent to their annual income Two hotel and restaurant representatives said that they would be forced to close their businesses and lay off their employees The New Wave contest Jaunais Vilnis in Latvian has been held annually at the Dzintari concert hall in Jurmala since being founded in 2002 by the Russian composer Igor Krotky and the Latvian composer and musician Raimonds Pauls It is open to groups from around the world but is widely perceived to appeal to a principally Russian audience although Latvian groups have won the contest on two occasions Stars popular during the Soviet period are often featured prominently including the famous Russian singer Alla Pugacheva and Raimond Pauls himself This year the events in Ukraine made things difficult for the festival as three Russian singers due to perform were barred from entering the country The Latvian Foreign Ministry explained this was because through their words and actions they have contributed to the undermining of Ukraine s sovereignty and territorial integrity Krutoy announced last month that he was planning to find a new home for the festival although this has not yet been confirmed He cited as possible alternative locations Crimea the Russian cities of Kazan Kaliningrad or Sochi or the Azerbaijani capital Baku 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

    Original URL path: http://www.baltictimes.com/jurmala_could_lose_new_wave_festival_due_to_moscow_decision/ (2016-02-13)
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  • Estonia's GDP per capita 14,218 euros in 2013; 42% higher in Harju County
    84 of the value added in services and almost three quarters of the value added in industry and construction The counties which contributed the least to the total GDP of Estonia were Hiiu Lääne and Põlva The total share of these counties in the GDP of Estonia accounted for 2 5 In 2013 67 of the total value added of Estonia was created in services 29 in industry and construction and 4 in agriculture forestry and fishing The service sector was the biggest sector in all counties besides Ida Viru county The proportion employed in services was highest in Harju 75 and Tartu 69 Counties mainly due to the high input of the cities of Tallinn and Tartu The share of agriculture forestry and fishing was the biggest in Jõgeva County 22 The share of industry and construction was the largest in Ida Viru County 53 reflecting the important role of mining and energy in this county In 2013 Estonia s GDP per capita was 14 218 euros Compared to 2012 this indicator has risen by 884 euros In 2013 the GDP per capita was the highest in Harju county exceeding the average for the country by 42 Harju County was followed by Tartu and Laane Viru Counties where the GDP per capita was 86 and 73 of the Estonian average respectively The indicator was the lowest in Polva County where the GDP per capita was less than half of the Estonian average 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

    Original URL path: http://www.baltictimes.com/estonia_s_gdp_per_capita_14_218_euros_in_2013__42__higher_in_harju_county/ (2016-02-13)
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  • Success in the Euro area will require constant hard work from Lithuania
    boards can collapse with grave economic consequences as the case of Argentina shows And defences against financial panics are weak because a currency board cannot freely inject liquidity into the financial system when under strain Greater financial stability means lower crisis risk and low crisis risk means lower interest rates and better conditions for foreign and domestic investors alike The common currency will also further enhance competition with the rest of the euro area as price comparison becomes easier and transaction costs decline These advantages can be leveraged by providing firms with the best possible operating environment including support from top notch public infrastructure and education systems As Lithuania turns its gaze to the future on the morning after the recent travails of several Eurozone countries will inevitably come to mind Lasting success inside the Eurozone is certainly not guaranteed as the travails of several member countries in recent years made plain for everyone to see but requires constant attention to three key aspects First preserving competitiveness Lithuania enters the euro area with comparatively low productivity This is not a problem as such as long as production costs are commensurately low as is currently the case But excessive wage growth would upset this fine balance and in the long run will impede rather than aid the process of wages catching with the rest of the euro area as competiveness will suffer Wage catching up is ultimately not a matter of laws decrees or negotiations but something that arises organically from an environment that fosters productivity growth where expectations remain realistic and where the macroeconomy is managed well Second managing the macroeconomy well Avoiding overheating or strong downturns can be a challenge for countries that share the same currency The common monetary policy may or may not be appropriate for the conjunctural needs of individual members Fiscal policy and macroprudential policies need to step into the breach tight fiscal policy and strict lending standards when there is a risk of overheating and the opposite when the economy is in the doldrums This requires public finances that are beyond reproach so that a loosening in downturns does not imperil confidence and that the central bank has all the necessary tools to restrain banks during incipient lending booms Third retaining economic flexibility Economic flexibility is always a plus but comes at a premium for currency union members The economy is constantly buffeted by unexpected events but adjustment to such shocks or to correct failures to uphold competitiveness or a balanced macroeconomy through exchange rate movements is obviously not an option Instead adjustment has to come from changes in prices and wages and the reallocation of resources This necessitates a flexible institutional setup including good insolvency and restructuring frameworks conducive labour market institutions competitive pricing and last but not least entrepreneurial spirit and an adaptable workforce Let us savour the moment as we say good by to the lita with gratefulness and a dose of nostalgia and make the best of the new opportunities

    Original URL path: http://www.baltictimes.com/success_in_the_euro_area_will_require_constant_hard_work_from_lithuania/ (2016-02-13)
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  • Latvian women most entrepreneurial in Europe - new study
    have the necessary skills to lead a company while 23 percent of respondents said that they are planning on starting a business in the next three years which is the third level of any EU country Meanwhile 13 3 percent of Latvian residents are involved in business activities at an early stage which is the highest level of any EU country in Estonia the figure is 13 1 percent and in Lithuania it is 12 4 percent The proportion of new male entrepreneurs has slightly reduced in the past two years from 19 percent to 17 percent The average early stage Latvian businessman in 2013 was a 34 year old man of Latvian ethnicity who has a vocational high school education lives in Riga and heads a company which provides services At the same time the proportion of early stage female business owners has increased compared with 2012 when 8 percent of women aged between 18 and 64 had started a business the number of women who turned to business activities in 2013 was 10 percent This is the highest level in all of the European countries that were included in the study in Estonia the figure was 9 percent in Switzerland 8 percent in Sweden 6 percent and in Germany 4 percent 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

    Original URL path: http://www.baltictimes.com/latvian_women_most_entrepreneurial_in_europe_-_new_study/ (2016-02-13)
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  • News search
    are not enough to deter Russia s military actions in the Ukraine Lit Read More Russia targeting all Western democracies says Estonia FM Russia s activities in Ukraine are targeted against all Western democracies and no Read More Heavy snow forecast for Latvia this week Heavy snow is forecast for most of Latvia later this week meteorologists says Read More Netherlands score six past Latvia in crucial Euro 2016 qualifier Latvia suffered a crushing defeat in a Euro 2016 qualifier in Amsterdam on Sunday los Read More Grim Diplomatic Farce and Futility at the UN s Security Council Yet another UN Security Council session debate was held on Nov 12 concerning the Russ Read More Former Latvia MP ousted from Russia over spy charges Former Latvian Member of Parliament Aleksejs Holostovs has been deported from Read More Estonia MEP invites homeless to visit European Parliament An Estonian Member of the European Parliament MEP has invited a group of homeless pe Read More New NATO chief set to visit Baltic states amid Russia tensions Newly appointed NATO Secretary General Jens Stoltenberg will visit the three Baltic st Read More Previous 155 156 157 158 159 160 161 162 163 164 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 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

    Original URL path: http://www.baltictimes.com/search/jcms/start/1540/ (2016-02-13)
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  • NATO fighters in Baltics scrambled 21 times in last week
    only a few exceptions the aircraft had their transponders turned off The largest number of Russian military aircraft at the Baltic States borders 30 were identified on 8 December On that day NATO fighters had to scramble eight times The second busiest day in terms of activity was 10 December Then NATO air policing fighters took off six times in response to 26 Russian military aircraft identified From 8 9 December six strategic bombers were intercepted close to the borders of the Baltic states four turboprop bombers Tu 95 and two supersonic bombers Tu 22 During the last week 30 Russian fighters Su 27 Su 24 Su 34 MiG 31 as well as transport and reconnaissance aircraft have been identified near the Baltic states borders All the intercepted Russian military aircraft were flying between the Russian mainland and Kaliningrad over neutral waters in the Baltic Sea Lithuanian airspace violations were not registered but Estonia reported that on 9 December Russian reconnaissance aircraft Il 20 violated Estonian airspace NATO fighters had to take off from all three bases Siauliai Amari and Malbork where fighters participating in the NATO air policing mission and the mission reinforcing fighters are currently deployed Comments Related Articles Linkevicius to replace Grybauskaite at London conference Ukrainian NSDC Secretary Russia waging hybrid warfare on EU Lithuanian Health Minister to resign over corruption scandal Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles NATO to bolster presence in Eastern Europe Lithuanian Foreign Minister slams Ukraine over insufficient anti corruption measures Refugee family relocated to Latvia left one child behind in Eritrea Report NATO would lose against Russia in invasion of Baltic states Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic

    Original URL path: http://www.baltictimes.com/nato_fighters_in_baltics_scrambled_21_times_in_last_week/ (2016-02-13)
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  • Estonian Interior Minister: Russian revelation of Estonian mole intended to undermine state and special services
    as the special services of the USA and other NATO member states Puusepp was a KGB spy during the Soviet period one of only a few allowed to join the Internal Security Services after the restoration of Estonian independence He now lives in Moscow Disclosure of the case is in Russia s own interests Pevkur said as Puusepp worked for Russia This confirms that it is Russian operation because there is no logical explanation as to why the man himself would be willing to expose himself said Pevkur Answering the question of who is responsible for the Uno Puusepp case the Minister said that Puusepp himself is The person has according to his own words confessed to treason said Pevkur He is a citizen of the Republic of Estonia and in order to enter the service gave an oath to serve the Estonian state Pevkur does not consider it necessary to start an investigation into the Security Police since Puusepp is no longer in service I do not consider this to be necessary at the moment he said At the moment I find it important that there is a criminal investigation Pevkur said while the video mentions a lot of other names only time will tell whether in relation to the Puusepp case there is reason to start other investigations The Estonian Security Police confirmed that it has launched criminal proceedings in cooperation with the State Prosecution Office under the penal code s provisions for treason to check the claims of Uno Puusepp Comments Related Articles Linkevicius to replace Grybauskaite at London conference Ukrainian NSDC Secretary Russia waging hybrid warfare on EU Lithuanian Health Minister to resign over corruption scandal Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles NATO to bolster presence

    Original URL path: http://www.baltictimes.com/estonian_interior_minister__russian_revelation_of_estonian_mole_intended_to_undermine_state_and_special_services/ (2016-02-13)
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  • New surveys: 55% of Lithuanians dissatisfied with democracy, 60% with general situation
    numbers had increased by 6 percent Groups tending to be dissatisfied with the current situation were people above 50 residents of rural areas respondents with a monthly household income of below 1 500 litas 434 euros people with only secondary or college education as well as pensioners and the unemployed A survey taken at the same time indicated that just 36 percent of respondents were satisfied with how democracy works in Lithuania 9 percent of the polled had no definite opinion on the matter and 55 percent were dissatisfied The figure for satisfaction with democracy in the country was the same as for October but three points lower than at the same time last year Groups who tended to be most satisfied with democracy in Lithuania were people younger than 30 years city dwellers people with higher education qualifications and those earning more than 2 500 litas 724 euros per month Groups tending to be more dissatisfied with how democracy works were people older than 50 years residents of rural areas respondents with only secondary education and those with a monthly household income of below 1 500 litas 435 euros as well as pensioners the unemployed and unskilled workers The Baltic countries are the only former Soviet states ranked as fully free by Freedom House which analyses a number of factors including corruption democratic transparency and freedom of the press Georgia Ukraine Armenia Moldova and Kyrgyzstan were assessed as partly free in the 2014 report while the remaining seven former Soviet states including Russia were assessed as not free In the most recent report Lithuania received a score of 2 36 for democracy 1 being the best score and 7 the worse which has decreased slightly over the last ten years from a score of 2 21 in 2005 Comments

    Original URL path: http://www.baltictimes.com/new_surveys__55__of_lithuanians_dissatisfied_with_democracy__55__with_general_situation/ (2016-02-13)
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