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Sunday 17.12.2017 | Name days: Teiksma, Hilda

Latvian households pay for electricity less than the average in EU

In the first six months of 2017, the price of electricity and gas in Latvia was below the average in the European Union, according to Eurostat data.

Baltic states prefer package terminals, finds DPD and plans investments

Europe's second largest package delivery firm, Germany-based DPD is plans to invest over four million euros to install more than 250 new package terminals in Estonia, Latvia and Lithuania in 2018 and 2019.

Conexus Baltic Grid gas storage tariff may increase 38%

The gas storage tariff of Conexus Baltic Grid may increase by 38% in the foreseeable future. This is provided by the new tariff project submitted for review to the Public Utilities Commission.

SEB analysts: growth in Eurozone and rapidly growing economies will get stronger

Eurozone’s growth this year turned out impressive. Its economic power and reduction of political risks also supports euro’s strength. Low inflation indexes remain below the goals set by central banks. Still, they continue recovering from the previously realized stimulating monetary policy, SEB Bank analysts comment on the latest Nordic Outlook.

Virtual currency bitcoin passes USD 10 000 for first time

The value of one bitcoin has exceeded USD 10,000 milestone for the first time and this has happened just days after it passed the USD 9,000 benchmark.

Grindeks turnover in Baltic State grew 11% in 2017

Grindeks turnover was EUR 95.9 million in the first nine months of 2017, which is EUR 23.5 million or 32% more than in last year’s period, according to unaudited financial accounts submitted to Nasdaq Riga.

Kučinskis: Latvian ports should attract cargoes from Belarus

«Latvia is interested in trilateral cooperation with Belarus and China, especially in regards to attraction of cargoes from Great Stone industrial park for Latvian ports,» says Latvian Prime Minister Māris Kučinskis.

Cash used in less than half of payments in Estonia, ECB survey finds

Less than a half, 48%, of all money transactions performed at points of sale in Estonia in 2016 were done with cash, a survey by the European Central Bank suggested.

Belgian waffle factory fire closes schools in Brussels

A large fire has destroyed a waffle factory in Brussels, making a cloud of black smoke over a part of the European Union's unofficial capital.

Polish shipbuilder accused of bribing Port of Tallinn management

A senior executive of Remontowa Shipbuilding, a Polish shipbuilding company, is facing accusations of handing large bribes to former senior figures Port of Tallinn, the Estonian state-owned port operator.

Finnish medication prescriptions to be valid in Estonia

In Estonia, Finland's digital prescriptions of medications will be valid from summer 2018 and vice versa – from around mid-2019.

Saaremaa looking into possible ferry traffic to Latvia

The local government of the largest Estonian island is looking into possible interest of five shipping companies in opening ferry traffic between Saaremaa and Latvia.

Uber to buy 24 000 self-driving Volvo XC90s

U.S. ride-sharing technology firm Uber has agreed with Chinese-owned Swedish carmaker Volvo on the purchase of up to 24,000 self-driving cars.

airBaltic carried more than 4,780 in flights between Riga and Liepaja

In the first six months since airBaltic has started performing regular domestic flights between Riga and Liapaja more than 4,780 passengers have been carried on this route.

Estonia to pour into Finnish-Estonian cultural fund 700 000 euros

Estonian cabinet of ministers has decided to attribute 700,000 euros to the Finno-Estonian Cultural Fund, an organisation working since 2015 aimed at fostering cooperation between the two states in culture, creative economy and training both for individuals and organizations.

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