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Tuesday 20.02.2018 | Name days: Smuidra, Vitauts, Smuidris

Agreement on Estonian minimal wage reached for 2018

The umbrella organisations of Estonian employers’ associations and trade unions have agreed that the minimum gross monthly wage in the Baltic state from 2018 will be 500 euros and the minimal hourly gross wage to be 2.79 euros.

Twitter refuses to accept advertising from Russian media RT and Sputnik

U.S. micro-blogging site Twitter has decided to quit accepting advertising from Russian state media RT and Sputnik, citing its own research and U.S. intelligence findings that they have interfered in the country’s presidential election in 2016.

Estonian trade unions: 1 000 minimum wage – not realistic

Head of Estonian Trade Union Confederation has evaluated that increasing the minimum monthly wage to 1,000 euros is not realistic at the moment, although local politicians and businessmen have suggested the four-digit number.

New ransomware affects computer systems in Ukraine and Russia

Computer systems in Ukraine, Russia and elsewhere have been affected by a new strain of ransomware entitled Bad Rabbit and is said to be bearing similarities to the WannaCry and Petya outbreaks earlier in 2017.

Exchange indexes and oil prices increase in USA and Europe

On Tuesday, 24 October, exchange indexes in USA increased after leading manufacturing companies showed better profit indexes. Exchange indexes in Europe also increased prior to an important meeting of the European Central Bank.

Estonia plans to raise state loan guarantee ceiling to Kredex

The an Estonian parliamentary committee has backed the plan to change the conditions of the operation of the Estonian Credit and Export Guarantee Fund, by increasing the ceiling of Kredex’s loan guarantees by 134 million euros reaching 390 million euros.

New Google smartphones reported to have issues with screen

In the latest smartphones of U.S. internet giant Google, problems with screen have been noticed.

TM: the ministry is open for a full disposal of state-owned airBaltic shares

Latvian Transport Ministry is currently engaged in reviewing specific offers for attraction of investors for airBaltic. A full privatization of the company is not out of the question, says the ministry’s state secretary Kaspars Ozoliņš.

Week in Lithuania. Election watchdog’s decision puts budget grants for Liberals in question

A total of 45,336 euros in the costs of the training organised by an Institute of Applied Politics owned by Sarunas Gustainis, a former MP and former member of the Liberal Movement, for the party should be recognised as non-monetary contribution, says a task force established by the Lithuanian Central Electoral Commission.

To prevent fraud, audit of MPC recipients to be performed in Latvia

Latvian Economy Ministry intends to perform an audit of mandatory procurement component recipients and use new regulations to combat fraudulent activities, as confirmed by Economy Minister Arvils Ašeradens.

Estonian construction price index pushed up by wages

The construction price index in Estonia has in July-September of 2017 increased by 0.9% in comparison to second quarter this year and by 1.7% from July-September of 2016, Estonian statisticians have estimated.

Surplus of Latvia’s government budget reached 9.5 million euros in 2016

In 2016 general government budget surplus accounted for EUR 9.5 million or 0.04 % of the Gross Domestic Product, whereas general government consolidated gross debt amounted to EUR 10 091.6 million or 40.6 % of the GDP.

Latvenergo recognized as Latvia’s most valuable company for tenth time

Latvenergo has been recognized as Latvia’s most valuable company in 2017. Its value grew 34% in comparison with 2016, according to the TOP 101 list of Latvia’s most valuable companies compiled by Prudentia and Nasdaq Riga.

CC applies binding conditions for the sale of MTG Broadcasting AB

Latvian Competition Council has decided to permit Bite Lietuva to purchase MTG Broadcasting AB group’s businesses in Latvia. CC has applied several binding conditions to prevent a possible impact on competition on the television services and advertisement market.

Eesti Energia warns: Limiting CO2 emissions on capacity could endanger energy supply

Estonian energy giant Eesti Energia has evaluated that a plan under discussion in the European Union to introduce a carbon dioxide release limit for capacity mechanisms to qualify for subsidies could adversely affect the security of supply in Estonia and the Baltic states.

LG cozies up with idea of rebuilding railway tracks to Reņģe, Latvia

Lithuania‘s Lietuvos Geležinkeliai has sent a mixed message as to what it intends to do next following an EC fine of nearly 28 million against it over the dismantling a 19-km railway stretch with the Latvian village of Rengė.