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BUSINESS

Asia offers export potential
Asia offers export potential
RIGA - The European Union at the end of June filed a formal complaint with the WTO against Russia over Moscow’s embargo of pork from the bloc, reports AFP. The move followed a failure to settle the issue in direct talks in April and May, and comes amid a raft of trade disputes between the two sides. In January, Russia banned imports of live pigs and pork from the EU after the discovery of two cases of African Swine Fever among wild boar in Poland and Lithuania. The disease can be deadly for domestic pigs, thereby battering countries’ livestock sectors. The swine fever epidem...  Full story...
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 Aug 06, 2014 - ‘Romance’ over for Riga travelers...
‘Romance’ over for Riga travelers
RIGA - From Aug. 7, the ferry ‘Romantika’ will no longer operate the Riga-Stockholm route; the ferry’s last trip from Riga to Stockholm was scheduled for Aug. 6, Tallink Latvija Sales and Marketing Director Baiba Muceniece said to Nozare.lv. The ferry ‘Isabelle’ will continue operations according to the schedule, which means that Tallink ferry trips from Riga to ...
 Jul 03, 2014 - Elering looks for power line funding...
Elering looks for power line funding
TALLINN - Estonia’s electric power operator Elering reported that in parallel to submitting an application for EU funding for a Tallinn-Riga power line, the company will begin raising funds on its own for construction of this line, as well as for renovating other lines connecting the grid with Latvia, reports National Broadcasting. From now on, the company will channel transmission capaci...
 Jul 03, 2014 - Specialist shortage limits IT growth...
Specialist shortage limits IT growth
RIGA - Latvia’s IT sector turnover increased by 20 percent last year, an indication of steady growth. Meanwhile, the largest problem in the sector is a lack of qualified IT specialists, director general of the Latvian Information and Communications Technology Association, Andris Melnudris, said in a discussion organized by the business portal Nozare.lv and Firmas.lv. “As compared to...
 Jul 03, 2014 - Funds available for environment initiatives...
Funds available for environment initiatives
RIGA - The European Commission (EC) has launched the first call for proposals under the ‘LIFE’ funding program for projects dedicated to the environment in the amount of 239 million euros, reports LETA. According to EC, the ‘LIFE’ sub-program for environmental action will provide 238.8 million euros in 2014 to develop and implement innovative ways to respond to environme...
 Jul 03, 2014 - Lithuania takes lead in China business...
Lithuania takes lead in China business
RIGA - Arijandas Sliupas, deputy minister of transport and communications in Lithuania, was on an official visit to the People’s Republic of China last month, where his mission was to highlight that “Lithuania seeks to establish a stable, constructive and mutually beneficial relationship with China,” reports ELTA. He added that, “Therefore, the newly opened representativ...
 Jul 03, 2014 - Progress slow on Finnish gas connection...
Progress slow on Finnish gas connection
TALLINN - Finnish gas company Gasum is in no hurry to break the Russian gas monopoly, as it considers it possible to apply for European funding for a regional LNG terminal up until the year 2019, reports Postimees. “We do not need to rush with the agreement by August 19, since the financing round lasts till 2019 and by then we will certainly manage to be ready,” said Gasum’s m...
 Jul 03, 2014 - Lithuania one step closer to euro...
Lithuania one step closer to euro
VILNIUS - European Union finance ministers gave Lithuania the green light to adopt the euro currency next year during talks in Luxembourg on June 20, reports DPA. “Lithuania has achieved a high degree of sustainable convergence with the euro area and, therefore, fulfils the conditions for adopting the euro as its currency,” the ministers said in a statement. The move, which must...
 Jun 04, 2014 - Development plan targets Estonia’s rural communiti...
Development plan targets Estonia’s rural communities
TALLINN - The Estonian government approved on May 22 the rural life development plan for 2014-2020,one that has more than one billion euros allocated in the budget and sets the goal of raising the competitiveness of Estonian agriculture and food production and developing business in rural areas, reports Postimees Online. “The productivity of Estonian agriculture and the food industry ...



 Aug 06, 2014 - What future for Aliyev?...
Today the investigation carried out in respect to the so-called doctor Shoraz is often referred t...
 Aug 06, 2014 - Bitcoin now accepted currency on a...
RIGA - Commenting on the decision by Latvia’s national airline airBaltic to accept Bitcoins...
 Aug 06, 2014 - MyFitness snaps up City Fitness...
TALLINN - Estonia’s largest chain of fitness clubs, MyFitness, has acquired 100 percent of ...
 Aug 06, 2014 - Competition gathers top engineering...
RIGA - The best and brightest scientific and engineering minds in Europe have gathered in Riga fo...
 Aug 06, 2014 - 4G connects in Estonia...
TALLINN - Though stores are not yet selling 4G mobile devices, by using prototype phones Estonia&...
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