After Lithuania’s decision to obtain energy independence by separating its gas company into two different parts, Russia has punished it by not reducing the price for gas, as it was done in Latvia and Estonia.
Latvia and Estonia will get 15% discount in 2011, while the price for Lithuania was not cut.
Lithuania has been trying to seek for energy independence for some time already, especially, in the sector of gas, therefore currently it is splitting the sector into two parts – transmission and production, thus trying to avoid the possibility for monopolistic pricing schemes.
Gas prices will be cut for Latvia, as they have undertaken to resume gas consumption up to levels of 2007. We have resolved this issue. Regarding Estonia, the decision is positive as well, says Gazprom vice-president Valery Golubev.
He adds there are no reasons to cut prices for Lithuania.
Golubev points out they do not see why Lithuania is carrying out the EU’s third energy package. For the time being the European Commission has not initiated any negotiations with respect to gas in Lithuania, explains Golubev.
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- Latvijas Gāze agrees with Gazprom on 15% lower gas purchase price
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- Gazprom pledges to delight Latvian consumers
- Gazprom offers Eesti Gaas 10 % cheaper price formula
Documents of the former KGB office will be made publicly available after they have been scientifically examined. The examination itself is set to be completed before May 31st, 2018. This is provided by Saeima’s recently approved amendments to appropriate laws.
It is hard for Vladimir Putin to accept the rules of the game, which have developed over the past 20 years. While the majority of people are happy about the end of the Cold War, it was likely a personal tragedy for Putin, notes foreign policy expert, deputy Chairman of Latvian Transatlantic Organization Žaneta Ozoliņa in her interview to BNN.
General government budget deficit at the end of 2013 comprised EUR 223.8 million or 1.0% of the Gross Domestic Product (GDP), and the general government debt comprised EUR 8873.3 million or 38.1% of the GDP.
Corruption risks are present for nearly half of all Latvian European Parliament candidates, as reported by Society for transparency – Delna.
The Zolitude tragedy, which had a big impact on Maxima network and its relations with customers and employees, has left serious and long-term consequences for the company. One of the prime examples is the residents’ boycott of the supermarket – although limited in scale, the company’s sales are already below last year’s levels.
End of this week marks one month since letters with offers to Pasažieru vilciens’ multi-million train procurement project were opened. However, there is still no exact information available on the winner.
With Moscow failing to act to moderate tensions in Ukraine, Russia risks facing further sanctions, U.S. Secretary of State John Kerry has warned.
USA plans to send 600 soldiers to Poland and Baltic States to participate in the upcoming military exercises, as it was reported by Pentagon this week.
‘Instead of compiling a detailed support programme for Latvia’s bridges, Transport Ministry is trying to get away with cosmetic improvements with its request to allocate money from the emergency budget,’ – believes Chairman of Latvijas Ceļu būvētājs Andris Bērziņš.
Consumer Rights Protection Centre has imposed a EUR 13,000 large fine against BIG Bank for implementing misleading and substandard commercial practice.
There are three prime suspects in the Riga Castle fire criminal case. All of them performed work prior to the fire and were all equally responsible for compliance with fire safety regulations in the building, reports the Chief of State Police Criminal Police Office Andrejs Grishins.
In Q1 2014, 5,068 newborns were registered in the country, which is 358 babies more than in the first three months of 2013.
This week in Estonia, there will be held an international IT conference on digitalised business models presenting IT best practices from various fields - agriculture, clothing industry, logistics, retail and creative industries.
This week, NATO plans to announce its future steps to increase the safety of the Baltic Sea region.
If there is someone who is working hard to divide the population of Ukraine, it is not someone among local Russians and Ukrainians, this task is being performed by Putin and his policy. The majority of the work aimed to divide people and pit them against each other is performed by Kremlin propaganda and information war.
April 22 is the international Earth Day, when more than a billion people throughout the world engages in ecology-themed events and learn about ways to make their lifestyle less harmful to nature. Here are seven facts on this significant annual event.
Without wealthy buyers from CIS countries, Jurmala’s expensive real estate market would have collapsed a long time ago. Two-thirds of the largest transactions in this city were performed by citizens of Russia and other CIS countries, as well as offshore companies owned by citizens of these countries.
After in South Korea three senior crew members were arrested in relation to the disaster, the country's President Park Geun-hye has blamed the captain of murdering almost 300 passengers.
U.S. voices increased support to Ukraine; Russia accuses interim government in violating Geneva accord
U.S. Vice-President Joe Biden is meeting with members of Ukraine's pro-Western government. Meanwhile, funerals are due to take place for three men shot dead on April 20 in Eastern Ukraine.
Young people in Latvia are beginning to see development opportunities in living in rural areas. Niche products provide Latvian farmers the opportunity to strengthen their positions. It is even further improved by the quality of Latvia’s soil in comparison with other EU member states, as it was told BNN by Chairman of Latvian Agricultural Organization Cooperation Council Edgars Treibergs.
This Thursday, April 17th, as part of the police experiment, supports of the remaining section of the roof of the former Maxima supermarket failed to hold up the weight of water and collapsed, as reported by State Police press-representative Toms Sadovskis.
Aivars Lembergs’ friendly and beneficial attitude towards Russia, including his latest statements that the only ones who would benefit from the introduction of NATO soldiers to Latvia are the prostitutes, has been noted by Russian media. As a result, Lembergs was invited to express his opinion on Russian television. However, his latest statements have caused a big wave of concerned talks in Latvia.
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- PHOTO: people rally in Lithuania in support of Ukraine's protesters
- Lithuania: Accession promise to Ukraine would make EU-Russia relations more constructive
- British newspaper suggests Lithuania as alternative to investment in Asia's stock markets
- Lithuania registers company intended for Rail Baltica 2 project
- Lithuania reviews its six months of EU Council presidency
- Lithuania sends its first two satellites into space
- Lithuania could stop cooperation with Gazprom after opening of its own gas terminal
- Value of Lithuania's largest dairy factory surges after Russia removes ban on dairy products
Top 5 Business news
- airBaltic earned EUR 1 million in 2013
- Eurostat: Latvia’s inflation this March – third lowest in the EU
- Ukrainians plan to develop a multi-million potato business in Latvia
- Google admits it reads all Gmail messages to personalise ads
- Lux Express: conflict in Ukraine may ‘slow down’ Russian tourist flow to Baltics
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michael walsh @ 2014-04-23 18:17:20
In which case they wil find themselves in perfect company and harmony. I quote the BBC: The extent of corruption in Europe is "breath-taking" and it costs the EU economy at least 120bn euros (£99bn) annually, the European Commission says.
michael walsh @ 2014-04-23 18:14:59
Andrej @ 2014-04-23 15:49:56
@ 2014-04-23 13:21:02
michael walsh @ 2014-04-23 12:39:07
There is a lesson for the rest of Europe here. Spain is not alone in becoming to a point dependent upon Russian (CIS) investment. The road to hell is paved with good intentions. The Western politicians, misguidedly as always, are a far greater threat to the EU economy than Russia is.