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  • Lithuania set to overtake Latvia as Eurozone's fastest-growing economy
    term Export growth will drive the initial recovery and stay strong throughout the forecast period the report predicts The reports also claims that investment in Latvia will also increase more rapidly from 2016 boosted by low interest rates and increased opportunities for trade as a result of EU entry Latvia s current account will move into surplus in 2015 lessening reliance on capital inflows EY emphasizes The relaxed ECB monetary stance and an ongoing fiscal deficit will fuel faster inflation and wage growth in Latvia ensuring that consumer demand can rise as well as household saving the report goes on to say According to the report private consumption will increase by three percent next year but in 2016 by 3 4 percent At the same time a 3 7 percent increase in exports is expected next year but from 2016 to 2018 the increase in exports will exceed 4 to 5 percent each year Overheating is a risk in 2016 18 but should be avoidable if skill shortages are averted and productivity growth is maintained according to Erst and Young The report goes on to say that Latvia s GDP will continue to steadily increase in the coming years by 3 4 percent in 2015 3 9 percent in 2016 4 4 percent in 2017 and 4 5 percent in 2018 L 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

    Original URL path: http://www.baltictimes.com/lithuania_set_to_overtake_latvia_as_eu_s_fastest-growing_economy/ (2016-02-13)
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  • Briedis, Jonevs, Rinkevics the leading contenders for Latvia's European Person of the Year
    in Latvia These three candidates have received the most votes in an online poll that will continue until December 15 All three have been in the news recently Briedis is currently the IBA cruiserweight champion of the world after defeating Belgium s Ismail Abdoul last month Jonevs recently won the European Union Prize for Literature for his 2013 novel Jelgava 94 and Rinkevics is Latvia s current Foreign Minister and made headlines last month when he announced that he was gay the first prominent Baltic politician to do so The winner will be honored in a ceremony on December 19 The 2013 European Person of the Year Valdis Dombrovskis the vice president of the European Commission and former prime minister of Latvia will also be present to congratulate the winners The title of European Person of the Year is presented annually to the person whose contribution to Latvia and Europe has been the greatest during the year 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

    Original URL path: http://www.baltictimes.com/briedis__jonevs__rinkevics_the_leading_contenders_for_latvia_s_european_person_of_the_year/ (2016-02-13)
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  • Estonia 21st most heavily militarised country in world, Lithuania 58th, Latvia 78th
    NATO s benchmark of spending 2 percent of GDP on defence At present Latvia and Lithuania spend less than 1 percent of GDP on defence The Estonian minister for defence Sven Mikser recently urged the other two Baltic countries to increase their spending in this area The world s most militarized country is Israel followed by Singapore Armenia Syria Russia Cyprus South Korea Jordan Greece and Azerbaijan The index is based on data from the year 2013 and covers a total of 152 countries Estonia also appears in the top ten of the most heavily militarised countries in Europe which are Armenia Russia Cyprus Greece Azerbaijan Belarus Ukraine Finland Estonia and Turkey Between 2009 and 2013 expenditure on equipment and procurement in European NATO states fell by more than 9 billion The Global Militarisation Index depicts the relative weight and importance of the military apparatus in each state in relation to society as a whole The world s least militarised countries are Panama Costa Rica and Haiti 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 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

    Original URL path: http://www.baltictimes.com/estonia_21st_most_heavily_militarised_country_in_world__lithuania_58th__latvia_78th/ (2016-02-13)
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  • Estonian president: Russia wants to create new world order
    Russia wants to create a new international order Russia s new rhetoric and authoritarian behaviour also involves interpreting human rights as merely a phenomenon of civilisation according to President Ilves Their approach contrasts with the supposedly weak and decadent Western democracy based on the rule of law human rights and dialogue According to the new rhetoric the world would be divided into civilisations in certain cultures the western conception of human rights is valid and in others an alternative order is valid said President Ilves adding that this has placed the universal approach to human rights in doubt Ilves also added that people must not forget that the European Union was founded on the principles of safeguarding human rights and the rule of law and is intended to ensure peace and security on the European continent We need to return to this core mission he urged Ilves who has been president of Estonia since 2006 has been one of the most outspoken critics of Russian foreign policy especially of its actions in Ukraine The sentiments expressed in the speech were consistent with his recent comments in a recent interview with a US publication for example he described Russia s recent behaviour as threatening more than just Ukraine or Eastern Europe saying that the entire post World War II order is under question However he has downplayed the possibility of potential unrest from Russian speaking residents of Estonia stressing in particular its economically strong position compared to both Russia and Ukraine the average salary of a miner in the Donbass is 200 euros a month The average salary of a Russian speaking miner in Estonia is 2 000 euros a month Why would they want to give that up Comments Related Articles Linkevicius to replace Grybauskaite at London conference Ukrainian NSDC

    Original URL path: http://www.baltictimes.com/estonian_president__russia_wants_to_create_new_world_order/ (2016-02-13)
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  • Priede suspends party membership after homophobic outburst
    will improve Several other Twitter users including members of Unity responded to the tweets with critical remarks Afterwards Priede deleted the offending tweets Priede later apologized to those who had misunderstood her statements and stepped down from the party s board Her behaviour was strongly condemned by Unity in a statement issued yesterday Such hateful and intolerant statements are unacceptable and Priede s opinions go flat out against the party s position Unity has always advocated human rights and freedom stressing that a consolidated society is the foundation of a strong and secure country People of various ethnicity religions and beliefs must have the sense of belonging to a Republic of Latvia which is democratic national and European the party s board said After strongly reprimanding Priede Unity urged her to provide an explanation for her statements The party s board is expecting a decision from the Ethics Committee and will then decide on what further action to take 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

    Original URL path: http://www.baltictimes.com/priede_suspends_party_membership_after_homophobic_outburst/ (2016-02-13)
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  • Hoping to reduce reliance on Gazprom, Estonian companies eye Lithuanian gas
    cubic metres this is not an especially significant amount Traditionally Estonia and Lithuania have moderately strong trade links in 2013 Lithuania was Estonia s fifth biggest import partner while Estonia was Lithuania s tenth biggest import partners behind countries including Russia Latvia Sweden and Belarus How important Lithuania will be as a provider of gas to Estonia depends largely on whether the floating LNG terminal in Klaipeda opened at the end of October can compete with Gazprom in terms of price We do not yet know if the price will become more or less favourable in the future Certainly LNG provides some kind of price cap in this region but its competitiveness will be shown in time because prices change all the time and whether the LNG is competitive or not depends on the state of the market explained Marko Allikson a board member at Baltic Energy Partners Other companies are also eyeing Lithuanian gas the public electricity grid Elering which uses gas in its emergency power stations has confirmed that it will welcome Lithuanian gas providers to its procurements In October a spokesperson for Günther Oettinger the European Commission for Energy warned that Estonia is the EU member state most vulnerable to a prolonged stoppage of gas from Russia She claimed that in this situation Estonia would run out of gas within four or five days 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

    Original URL path: http://www.baltictimes.com/hoping_to_reduce_reliance_on_gazprom__estonian_companies_eye_lithuanian_gas/ (2016-02-13)
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  • News search
    estate in Estonia despi Read More New Ikea store set to open in Latvia Swedish furniture giant Ikea is set to open a store in Latvia It Read More Lithuania has some of the safest railways in Europe new study shows Lithuania has some of the safest railways in Europe a new study published Thursday sh Read More NATO to extend air policing in Baltic states amid Russia tensions NATO will continue air policing in the Baltic states and will send a fresh rotation of Read More Hundreds of events announced as part of Latvia s EU presidency video Around 200 cultural events will be organized during Latvia s Presidency of the Cou Read More New Kremlin backed media outlet to open offices in Baltics A new Kremlin backed Russian media outlet will open offices in the Baltics Delfi repo Read More Ukraine PM Yatsenyuk set to visit Latvia sources Ukrainian Prime Minister Arseniy Yatsenyuk is set to visit Latvia next week sources t Read More Baltics would be wiped out in war with Russia warns ex Duma member Latvia and Estonia would be wiped out in the case of a potential war with Russia form Read More Previous 156 157 158 159 160 161 162 163 164 165 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

    Original URL path: http://www.baltictimes.com/search/jcms/start/1550/ (2016-02-13)
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  • Zolitude tragedy investigation proceedings to be streamed online
    parliament s meeting hall and the Red Hall Balodis who is a Saeima representative for the party For Latvia from the Heart was selected to head the investigative commission two weeks ago Balodis had earlier urged the Presidium to ensure that a constant livestream of the commission s meetings was made available on the Saeima s website He stressed that this would increase public trust in the parliament The Presidium also decided today to allocate funding for the Zolitude investigative commission as well as for the investigation into the Latvian s government sale of Citadele bank Each commission will receive 1 495 euros for economic expenses and 50 euros for representation costs Last month Latvia marked the year anniversary of the collapse of the Maxima supermarket in the Riga suburb of Zolitude which killed 54 and injured 41 others It was the country s worst disaster since regaining its independence in 1991 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 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

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