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Saturday 19.08.2017 | Name days: Melānija, Imanta

Reconstruction of Vilnius airport runway concludes; aircraft return to Vilnius

On Thursday, 17 August, Vilnius airport’s runway was festively opened. This was the most massive reconstruction for the airport in the past 20 years. It was a unique project for Lithuania and all of Europe, airport representatives say.

Estonia seeks to improve reputation of state as employer

As the Estonian Ministry of Finance wishes to boost the reputation and brand of the Baltic country's public sector, it has announced a procurement tender aimed at preparing an action plan for reaching these goals.

Bill Gates donates USD 4.6 billion, reduces shares in Microsoft

The co-founder of the U.S. computer software firm Microsoft, Bill Gates, has allocated to charity 4.6 billion U.S. dollars (3.9 billion euros), which is the philanthropist's highest donation since the year 2000.

Talks with potential KVV Liepājas metalurgs buyers to conclude in August

Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis.

Estonian e-Residency programme in deal with Paymentwall

International payments facilitator Paymentwall in collaboration with the Estonian programme of e-Residency program started this week Passport, a new service, with which businesspeople around the world will have the opportunity to found an EU company and access payment and other supporting services via internet.

Cargo of Nutella chocolate spread stolen in Germany

Thieves in central Germany have taken hold of a 20-tonne cargo of Nutella spread and Kinder chocolate eggs.

Schulz criticises diesel scandal carmakers in attempt to boost election campaign

Martin Schulz, the key rival of German Chancellor Angela Merkel in the nearing German parliamentary election, has severely criticised the country's «dieselgate» carmakers, in a drive to increase voter support for his social-democrats.

Soundcloud to continue operation after securing vital investment

Popular music streaming service Soundcloud will be able to continue to operate after securing vital investments reportedly amounting to 144 million euros, without which the the firm faced closure last week.

Eggs with banned insecticide found in 15 EU states

EU's European Commission has stated that in fifteen EU member states and also in Switzerland and Hong Kong eggs containing the insecticide fipronil, a substance used to kill lice and ticks on animals that is prohibited by the EU for use in the food industry.

Estonia seeks modernising law on payment and E-money institutions

As the Estonian government pushes to regulate emerging payment services and increase the security requirements of online payments, the Estonian cabinet of ministers have backed a bill of amendments to the Baltic country's Payment Institutions and E-money Institutions Act.

CC: competition distortions created by the state threaten entrepreneurship

Competition Council’s chairperson Skaidrite Abrama confirms the presence of a general disregards for competition neutrality principle among officials. CC once again emphasizes that competition distortions created by the state and municipalities can cause serious risks for the development of businesses in Latvia.

June’s foreign trade turnover in Latvia 19.2% higher than last year

In June 2017, Latvian foreign trade turnover amounted to EUR 2.15 billion, which at current prices was 19.2 % more than in June 2016, of which the exports and imports values of goods were 12.2 % and 25.1 % higher, respectively.

Estonian exports increased by 11% in June on year

Estonian exports in June 2017, compared to June last year, grew by 11 and imports by six percent on year, decreasing somewhat the trade deficit of the Baltic country, Estonian statisticians have estimated.