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Monday 27.03.2017 | Name days: Tālrīts, Gustavs, Gusts

Modernising EU VAT – priority of Estonian EU Council presidency

Estonian Minister of Finance Sven Sester has stated that a priority of this year’s upcoming Estonian presidency at the Council of the European Union will be changing of the bloc’s value-added tax.

Cigane: Latvia is co-responsible for Eurozone’s economy; reforms are needed

«Latvia, as a Eurozone member state, is co-responsible for the economic situation in the European Union. We cannot afford to sleep on the laurels of rapid growth started in post-crisis years. Latvia has to be responsible in the realization of recommendations provided by the European Commission,» says chairperson of Saeima’s European Affairs Committee Lolita Cigane.

De Facto: assessment of control measures performed by SRS workers declines

Over the course of the past several years, scores given by residents to workers of the State Revenue Service in culture and professionalism control measures have declined, as concluded in SRS’ ordered study about the quality of service provided to taxpayers.

NEPLP has yet to receive information about owner change for MTG’s broadcaster

Latvia’s National Electronic Mass Media Council has not yet received an application detailing the change of the owner of Swedish Modern Times Group’s broadcasting business in Baltics, as reported by NEPLP council chairman Dace Kezbere.

CSB: number of occupied jobs grew the most in communications industry last year

At the end of 2016, in Latvia there were 884.4 thousand occupied posts. Compared to the end of 2015, the number thereof has grown by 7.0 thousand or 0.8 % in 2016.

MTG sells Baltic broadcaster for 115 million

Swedish media concern Modern Times Group has sold its broadcaster business in Baltic States to Providence Equity Partners, as mentioned in MTG announcement.

Lithuania’s Health minister tackles exorbitant drug prices

You better stay healthy in Lithuania for a single reason - the medicine costs an arm and leg in Lithuania. In neighboring Poland, they are twice and thrice lower, thence the shopping carts of hundreds and thousands Lithuanians making the trip over the border for cheaper groceries usually often contain pills too.

Eurostat: Latvia had the third highest annual inflation in EU in February

In February, Latvia had the third highest inflation index among European Union member states when compared with the same month of 2016, according to data published by Eurostat.

Baltijas Ekspresis achieves unprecedented cargo turnover increase – 313%

Baltijas Ekspresis has achieved an unprecedented cargo turnover increase bot seen in Latvia until now. Compared with the first months of 2016, cargo turnover in Latvia had increased by 313% in the same period of 2017, as reported by Baltic Association – Transport and Logistics.

Newspaper: Vilnius’ market currently sustained by Latvian and Estonian small traders

As Lithuanians’ purchasing power declines, emigration remains and many residents decide to go on shopping tours in Poland, the famous Gariunai market is largely sustained by Latvian and Estonian small traders, Verslo žinios writes.

Tallinn’s Vice Mayor reported as being linked to leading garbage management firm

Tallinn’s Vice Mayor Arvo Sarapuu, who has garbage disposal management and awarding contracts among his duties, is seen by Estonian press as linked to the capital’s leading waste disposal firm via his son-in-law.

Virši-A: Lithuania will benefit the most from excise tax changes among Baltics

Finance Ministry’s proposal to raise excise tax will create several major risks, notes Virši-A board member Janis Prieditis.

Ikea goods truckers from Eastern Europe living in trucks for months

Truck drivers, who transport in Western Europe produce of Swedish furniture retail giant Ikea live for several months at a time and are paid less than a third of what their local peers earn.

Eurostat: Latvia has the third highest share of renewable energy in the EU

Latvia has the third highest share of renewable energy in the European Union, according to the latest data compiled by Eurostat for 2015.

Estonia eying heavy goods vehicle levy

With the introduction of a heavy goods vehicle levy from 2018, the Estonian Economic Affairs and Communications Ministry hopes to collect extra 17 million euros a year.

Oil prices suffer decline on the world market

On Monday, 13 March, oil prices on the world market suffered a decline, which is largely associated with investors’ concerns over whether or not crude supply from USA can impact effort of the Organization of the Petroleum Exporting Countries to limit oil production and reduce excessive energy supplies.