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Friday 15.12.2017 | Name days: Jana, Johanna, Hanna

Nordea: Baltic States are doing too well for things to stay like this forever

«Baltic States should not become arrogant because lack of labour force and low productivity level can delay future economic development unless investments in productivity are increased and structural reforms are performed,» Nordea economists say.

Skvernelis invites Polish supermarkets to Lithuania, seeks to overcome Polish differences

It seems that Lithuania's Prime Minister Saulius Skvernelis, who paid this week a visit in Poland, wanted to catch up with – and cheer up – his Polish counterpart, Beata Szydlo, and Jaroslaw Kaczynski, the leader of the ruling party Law and Justice, on all hot mutual issues.

Latvia’s Naval Forces participate in Northern Coasts 2017 exercises

From 8th to 21st September annual military exercises Northern Coasts 2017 will be taking place in Swedish and Danish territorial waters. Ships and their crews will practice cooperation in restricting and shallow waters by plying out different scenarios.

Estonian consumer prices increased by 3.9% year on, butter – 44% more expensive

The Estonian consumer price index in August grew by 0.4% compared to July and by 3.9% compared to August 2016, statisticians have estimated.

Puce: four million allocated to ‘cemetery tram’ project without document assessment

At a meeting of Riga City Council Finance and Administrative Affairs Committee, the ruling coalition decided to allocate EUR 4 million to Rīgas satiksme’s ‘cemetery tram’ project without first performing an economic and financial assessment of the project, says chairman of joint Latvian Association of Regions/For Latvia’s Development faction Juris Puce.

FCMC: amount of contributions to 3rd level pension plans reaches new record

Residents’ interest for pension savings remains high. The volume of contributions to private pension plans in the first six months of 2017 reached a new historic maximum, as reported by representatives of the Finance Capital and Market Commission.

Jurass: railway electrification is one of the biggest crimes being planned

The railway electrification project in development by LDz is potentially lethal for Latvia’s national economy, says former head of Corruption Prevention and Combating Bureau’s Operative Investigations Office Juris Jurass, adding that it may be one of the biggest crimes currently being planned in the country.

Scandal-stricken Danske Bank to search money laundering in Estonian branch

In relation to the «Azerbaijani Laundromat» scandal, where journalists have found that the ruling elite of Azerbaijan has used USD 2.8 billion to pay to European politicians, Danish Danske Bank has pledged to investigate alleged money laundering via its branch in Estonia.

Funding for demographic measures may be found by freezing Liepaja prison project

Latvian Prime Minister Maris Kucinskis and Finance Minister Dana Reizniece-Ozola propose freezing Liepaja prison project and diverting this project’s funding for measures intended to resolve demographic problems.

Pumping stations and protective dams to help reduce flood risks in Auce River

Agriculture Ministry’s Real Estate has commenced three projects in Jelgava’s Livberze County to help reduce flood risks in countryside territories – reconstruction of Auce polder pumping station and Varpa polder pumping station, and restoration of Rudula polder D-1 dam.

SRS to provide support for taxpayers impacted by floods

Latvia’s State Revenue Service invites farmers in Latgale, Zemgale and Vidzeme who suffered losses because of damages caused by floods this summer to turn to SRS and use available state support.

Ansip: New cyber security measures would respect national sovereignty

With the European Commission readying to unveil new measures to increase cyber security, the Commission's Vice-President, Estonian politician Andrus Ansip pledged that the new measures would not take away too much power from EU countries’ national institutions.

Latvia eases citizenship provision process for Latvians and Livonians living abroad

Latvian Cabinet of Ministers has approved rules that provide Latvians and Livonians living abroad with rights to undergo repeated language exams to become Latvian citizens, as reported by Interior Affairs Ministry.

Latvia has third largest mobile internet consumption in the world

Last year, mobile internet consumption in Latvia continued rapidly growing, reaching record high amount – 5 GB per SIM card. This puts Latvia on the third spot among the world’s technological superpowers.

Consumption of renewable energy resources grew 14.1% in the past ten years

In 2016 gross consumption of renewable energy resources in Latvia constituted 68.7 petajoules (PJ). Compared to 2015, the consumption of renewables has risen by 5.7 %, whereas over the past ten years – by 14.1 %.

Several streets in Riga to be given new names

Riga City Council’s City Development Committee has supported giving new names to nine of the Latvian capital’s streets. The final decision on new names will be made at the next meeting of the city council.

Johnson pledges support to Baltic, Nordic countries after British divorce from EU

After the UK leaves the European Union, the country will continue its commitment to the defence of Nordic and Baltic nations, Boris Johnson, the British Foreign and Commonwealth Secretary has noted.