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Monday 17.12.2018 | Name days: Teiksma, Hilda

Finnish guests in Estonia at lowest numbers since 2008

The traditional cornerstone of Estonian tourism industry, guests from Finland, have in the third quarter of 2018 showed less interest in the Baltic country with their numbers dropping to a 10-year low.

Rīgas satiksme’s debts come close to 300 million; Ušakovs says company is doing well

Riga City Council has voted in favour of allocating an additional grant of EUR 22 million to Rīgas satiksme. This means this year the company has cost the city EUR 123 million, reminds Nekā personīga.

Week in Lithuania. Conservatives pick Simonyte as presidential candidate

Lithuania's opposition conservative Homeland Union – Lithuanian Christian Democrats has picked MP and former Finance Minister Ingrida Simonyte as the party's presidential candidate in a primary election held last weekend.

Retail trade in Latvia grows more rapidly than average in Europe

Compared to the same month of 2017, retail trade turnover in Latvia grew by 3.5% in September 2018. This is more rapidly than the average in the European Union, according to data published by Eurostat.

Consumer prices in Estonia jump 4.4% in year

The consumer price index in Estonia, has from October 2017 to October 2017 increased by 4.4%, with transport costs being the key contributing factor, according to calculations by official statisticians.

Estonia considering maritime law changes to attract 300 to carry its flag

Estonia plans amendments to its Ship Flag and Ship Registers Act and is aiming to attract up to 300 large cargo vessels under the Estonian flag in seven-years time.

Latvian farmers worried over short term for use of financial support from EP

Farmers are satisfied with the decision made by the European Parliament’s Budget Committee to provide financial support to Latvian farmers who suffered losses from intense rainfall last year. However, farmers are worried about the short period of time provided for the use of said finances.

Estonia to close railway line and wait for Rail Baltica

Passenger traffic in the Estonian railway line connecting Tallinn and forth largest city Pärnu will be railway line will be interrupted in December to be restored when Rail Baltica railway is operational in 2026.

Share of foreign deposits in Latvian banks down to 20.5%

Latvia’s banking sector has finished its self-cleansing process, dropping the far too risky foreign client segment in the process. Over the course of nearly a whole year, the share of foreign deposits in banks has been cut by nearly half: 20.5% in September as opposed to 39.7% a year prior, according to data from the Finance and Capital Market Commission.

Funding for cohesion to be Latvia’s priority in 2019 EU budget

Latvia’s priority in the 2019 European Union budget will be funding for cohesion, as mentioned in the national position approved by the Cabinet of Ministers. This position will be reported to Economic and Financial Affairs Council on 16 November.

Industrial production output in Latvia down 1.2% in September

Compared to September 2017, industrial production output reduced by 1.2 % in September 2018. The decline was caused by the production output reduction in electricity and gas supply (of 12.6 %), as the amount of electricity produced in hydro power plants dropped.

Week in Lithuania. Government to send revised martial law bill to Parliament

The Lithuanian government decided on Wednesday, October 31, to submit a package of legislative amendments aimed at clarifying the legal regulation of martial law to the Parliament for approval.

Defiant impeached former Lithuanian President launches campaign to restore litas

The defiant impeached former Lithuanian president Rolandas Paksas is not giving up. After a new attempt to lift his lifetime ban to run for the top post in 2019 failed, the now member of the European Parliament and the leader of a new nationalist movement, «I am calling the Nation» seems undaunted and this week has launched campaign aimed at scrapping the euro and restoring the litas, the Lithuanian currency that circulated in the country until the end of 2014.

Retail trade turnover in Latvia up 3.5% in September

Compared to September 2017, total retail trade turnover rose by 3.5 % in September 2018. Turnover of retail trade in food products increased by 1.9 % and in non-food products (except for retail sale of automotive fuel) by 6.1 %, while turnover of retail sale of automotive fuel dropped by 0.1 %.

CRPC fines Rime Latvia EUR 20,000 for unfair sticker campaign

Latvia’s Consumer Rights Protection Centre has fined Rimi Latvia EUR 20,000. CRPC believes Rimi had misled buyers about the discount offered for Bosch goods during a sticker collection campaign.

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