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Ceturtdiena 21.02.2019 | Name days: Eleonora, Ariadne

Latvia – nineteenth most favourable country for business in the world

This year, Latvia earned 19th place among 190 countries, leaving 171 economies behind. Among EU member states, Latvia is on 8th place, with Ireland, Lithuania, Finland, Estonia, Sweden, UK and Denmark ahead, according to World Bank’s Doing Business 2018 data.

Estonian gas terminal developers concerned over second Klaipeda gas terminal

Companies seeking to make investments in the construction of an LNG terminal in Estonia’s largest cargo harbour evaluate that a state-subsidized terminal in the Lithuanian port of Klaipėda would distort the gas market in the region, but Estonian electricity and gas grid operator Elering disagrees.

Estonia pushes for EU-wide alcohol policy

The European Union needs joint policy in the field of alcohol evaluated Estonian Health and Labour Minister Jevgeni Ossinovski reasoning that it could be effective in limiting the harm caused by large consumption and member states' differing alcohol policies.

Russia-related Facebook posts have been shown to 126 million American users

The U.S. social networking site Facebook has stated that since 2015 content posted by a Russian company linked to the Kremlin has been shown to 126 million American users.

Agreement on Estonian minimal wage reached for 2018

The umbrella organisations of Estonian employers’ associations and trade unions have agreed that the minimum gross monthly wage in the Baltic state from 2018 will be 500 euros and the minimal hourly gross wage to be 2.79 euros.

Twitter refuses to accept advertising from Russian media RT and Sputnik

U.S. micro-blogging site Twitter has decided to quit accepting advertising from Russian state media RT and Sputnik, citing its own research and U.S. intelligence findings that they have interfered in the country’s presidential election in 2016.

Estonian trade unions: 1 000 minimum wage – not realistic

Head of Estonian Trade Union Confederation has evaluated that increasing the minimum monthly wage to 1,000 euros is not realistic at the moment, although local politicians and businessmen have suggested the four-digit number.

New ransomware affects computer systems in Ukraine and Russia

Computer systems in Ukraine, Russia and elsewhere have been affected by a new strain of ransomware entitled Bad Rabbit and is said to be bearing similarities to the WannaCry and Petya outbreaks earlier in 2017.

Exchange indexes and oil prices increase in USA and Europe

On Tuesday, 24 October, exchange indexes in USA increased after leading manufacturing companies showed better profit indexes. Exchange indexes in Europe also increased prior to an important meeting of the European Central Bank.

Estonia plans to raise state loan guarantee ceiling to Kredex

The an Estonian parliamentary committee has backed the plan to change the conditions of the operation of the Estonian Credit and Export Guarantee Fund, by increasing the ceiling of Kredex’s loan guarantees by 134 million euros reaching 390 million euros.

New Google smartphones reported to have issues with screen

In the latest smartphones of U.S. internet giant Google, problems with screen have been noticed.

TM: the ministry is open for a full disposal of state-owned airBaltic shares

Latvian Transport Ministry is currently engaged in reviewing specific offers for attraction of investors for airBaltic. A full privatization of the company is not out of the question, says the ministry’s state secretary Kaspars Ozoliņš.

Week in Lithuania. Election watchdog’s decision puts budget grants for Liberals in question

A total of 45,336 euros in the costs of the training organised by an Institute of Applied Politics owned by Sarunas Gustainis, a former MP and former member of the Liberal Movement, for the party should be recognised as non-monetary contribution, says a task force established by the Lithuanian Central Electoral Commission.

To prevent fraud, audit of MPC recipients to be performed in Latvia

Latvian Economy Ministry intends to perform an audit of mandatory procurement component recipients and use new regulations to combat fraudulent activities, as confirmed by Economy Minister Arvils Ašeradens.