On Thursday, 5 May, the Saeima supported the draft that will put off the introduction of a new cadastral value calculation for real estate properties order for one year. With that, the current cadastral value calculation order will remain in force in 2017.
Demand for mortgage loans in Baltic States has been rising for the third consecutive year. Estonian residents seem the most active with housing, construction or repair loans. Demand for mortgage loans is also high in Lithuania. In Latvia, however, residents’ activity remains the lowest.
The Estonia’s average electricity price on the Nord Pool electricity exchange climbed 0.32 euros in April reaching the month’s average price of 29.41 euros per MWh.
Facebook has announced that it has paid a 10-year-ol Finnish boy 10,000 U.S. dollars (8,700 euros) for finding an important system flaw on social network Instagram.
Estonia does not agree with the European Commission’s recent proposal to establish a fine policy for member states: EUR 250,000 for every asylum seeker denied resettlement in EU member states, as announced by Estonian Internal Affairs Minister Hanno Pevkur.
On Thursday, 5 May, the Latvian Ports, Transit and Logistics Council will discuss matters related to the situation in Latvia’s ports, transit and logistics sector, topical problems in the industry and solution proposals.
In the U.S. Republican party, the last opponent of controversial businessman-politician Donald Trump has left the competition for the candidacy for the party’s presidential election nomination.
EU’s European Commission has this week suggested amending the bloc’s existing asylum rules, among other changes proposing high fines to member states refusing to accept asylum seekers.
More people than necessary minimum are expected to take part in the forming of the party of non-party Saeima deputy Artuss Kaimins.
On Tuesday, 3 May, the European Commission cut down Eurozone’s economic growth outlook for the year, warning about global risks. Among those risks are the slowing of China’s economic growth and UK’s possible exit from the European Union.
The Latvian airline airBaltic has become the largest airline in Estonia. In April, airBaltic achieved +64% growth, and serviced 28 474 passengers travelling to and from Estonia.
Politicians, who were elected to the Spanish parliament on December 20, have missed the date for forming a government therefore the country will hold snap parliamentary election on June 26.
Baltic Taxi uses a micro enterprise-based scheme that circumvents the payment of the Value Added Tax. In addition, this system does not provide any social guarantees to the company’s drivers. When asked about paying taxes, Panda taxi brand dealers become uncharacteristically non-talkative.
Australian businessman Craig Wright has this week stated that he is the long-searched-for inventor of the digital currency, who has for years used the pseudonym Satoshi Nakamoto.