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Tuesday 25.06.2019 | Name days: Maiga, Milija

Lithuanian ministry asks security service to step in and assess Sigmen contracts

Lithuanian Transport and Communications Ministry has asked Lithuanian State Security Department (SSD) to assist in assessing threats that may surface from the contracts held between Lithuanian Railways and private company Sigmen, a company owned by ex-KGB agent Yuri Simonenkov in Latvia.

Manufacturing output of electrical appliances in Latvia up 28.8%

Compared to April 2018, industrial production output fell by 2.4 % in Latvia in April 2019. It was affected by a drop in electricity and gas supply by 22.6 % largely due to the warm and dry weather, the amount of electricity produced from hydroelectric plants reduced.

BNN summary of the week: grey worries; Baltics elect presidents; Riga's mayor leaves

Election period’s end. EU residents, Lithuania and Latvia’s Saeima were busy in elections this week. Looking back at results, activity of Baltic residents in European Parliament elections was slightly higher than expected. New Unity won EP elections in Latvia...

Economists say retail trade volumes in Latvia will continue growing

Retail trade volumes continue growing, economists say. But while some urge maintaining caution, others expect household consumption to push economic development forward.

Retail trade turnover in Latvia up 7% in April

Compared to April 2018, total retail trade turnover rose by 7.0 % in April 2019. Turnover of retail trade in food products grew by 6.7 %.

Estonian prime minister concerned about cross-border alcohol trade with Latvia

The possible reduction of excise tax on alcohol in Latvia as a reaction to the same step made in Estonia will affect cross-border trade, said Estonia’s Prime Minister Jüri Ratas.

Latvia’s Ventspils and Estonia’s Saaremaa may establish ferry traffic in July

The tender for the potential ferry operator between Estonia’s Saaremaa Island and Latvia’s Ventspils could be announced in June, as Saaremaa Parish senior deputy Marili Niits told Saarte Haal newspaper.

Construction costs in Latvia up 0.2% in April

Compared to March, the level of construction costs in Latvia grew by 0.2 % in April 2019.

Latvia’s minister expects a train procurement contract to come in July

Latvia’s Transport Minister Tālis Linkaits said in an interview to public broadcaster LTV programme Rīta Panorāma on Wednesday, 29 May, that he hopes to see the train procurement contract ready in July.

Huawei in U.S. courts challenging Washington’s sanctions against it

As Washington has effectively prohibited American firms to sell its technology to Huawei without government approval, the Chinese company has filed lawsuits in the U.S. challenging what it sees as selective punishment against the firm.

Expert: Estonia nears real estate bubble; Latvia still has a way to go

In the past ten years, Latvia’s residents were more careful with mortgage loans than their Estonian neighbours. Currently the total volume of mortgage loans in Latvia is twice as small when compared to Estonia, as reported at Bigbank’s organized financial sector’s strategic development forum by Bigbank Latvia governor Ģirts Kurmis.

Economists expect wage growth to continue in Latvia

Economists in Latvia agree that although the process will be slower, wage growth in the country will continue. Shortage of workers, demands from sector for politicians, exiting from the grey sector and last year’s increase of minimal wages have affected wage growth indexes this year.

Estonian electricity grid operator enters deal to join European network

Estonian electricity and gas network operator Elering has signed the agreement to become part of the synchronous electricity network of Continental Europe together with Latvia and Lithuania.

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