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Wednesday 20.02.2019 | Name days: Smuidra, Vitauts, Smuidris

EUR 380,000 invested in sewage treatment facilities of Ādažu Čipsi factory

Planning in a long-term perspective and investing in solutions to reduce influence of industrial processes on the environment, Latvia’s leading chocolate, confectioneries and snacks manufacturer Orkla Confectionery & Snacks Latvija has invested EUR 380,000 in new and improved water treatment facilities at Ādažu Čipsi factory.

Week in Lithuania. Government set to raise teachers' pay only in 2020

Lithuania's government on Thursday, November 29, proposed to trade unions that an agreement of political parties on raising teachers' pay should be signed. But due to failure to make any decision on teachers' salaries, the negotiations at the Ministry of Education and Science were postponed.

Estonian economy grew faster in quarter three

Estonian economy has grown faster in the third quarter of 2018, with its gross domestic product being by 4.2% higher in the third quarter of 2018 than in the respective period last year, the country's official statistics showed.

BTA Baltic Insurance Company appoints new board chairman

BTA Baltic Insurance Company AAS makes changes to the composition of its Management Board on 30 November 2018 – BTA Management Board Member Wolfgang Stockmeyer has been appointed as the Management Board Chairman.

European Commission permits Tele2 and T-Mobile merger in Netherlands

European Commission has decided to permit Tele2 and T-Mobile merge in Netherlands. The deal will be completed in January 2018. Tele2 will receive 25% of shares.

SEB: investments in oil and gas industry down by half

The oil marked brought unexpected turns in October – since the beginning of the year, Brent crude oil price has declined by approximately 30%: from USD 86 to USD 59.

Wind energy production output doubled in Latvia

In September and October 2018, wind power plants in Latvia had doubled their yield of electricity for the country’s total balance when compared to the previous four months, according to information compiled by AS Augstsprieguma tīkls.

EY: biggest threats to businesses – new business models and shortage of workers

31% of businessmen consider influence of new business model and the ongoing shortage of workers as the main short-term threats to their business. Other major risks include geopolitical and legislative uncertainty, which are considered the main threats by 29% of respondents participating in EY latest Global Capital Confidence Barometer.

Week in Lithuania. PM expects EU commission's approval for food vouchers

Lithuanian Prime Minister Saulius Skvernelis says there should be no problem obtaining the European Commission's approval for a food voucher system that was approved by the government on Wednesday, November 21. The plan is to allocate food coupons to families with preschool-age children at the initial stage of the scheme.

Criminal prosecution requested for Bior employee for defrauding money from the state

Corruption Prevention and Combating Bureau has asked the prosecutor’s office to commence prosecution of a Bior institute employees and two Lithuanian citizens for defrauding EUR 832,418 from the state budget using glass eel procurement, according to information from CPCB.

Old Latvian government leaves new one budget plan accepted by EC

European Commission has coordinated Latvia’s 2019 budget plan, adding that it generally fits requirements of the Stability and Growth Pact. However, the old government in Latvia is not able to push it forward. This is why it has been decided to wait for the formation of a new government in Latvia to resolve problems.

Latvian authorities detain CityCommerce Bank co-owner accused of embezzlement

Reinis Tumovs, co-owner of Ukrainian CityCommerce Bank, has been detained in Latvia. He is suspected of embezzling nearly UAH 300 million (EUR 9.5 million), as confirmed by Ukrainian National Police Economy Protection Department on Thursday, 15 November.

EC wants to reduce funding for supplies of fruits, vegetables and milk to schools

European Commission’s proposed regulation on organization of agriculture products market provides for reducing EU funding for the support programme on provision of fruits, vegetables and milk for schools by EUR 29.2 million or the same as United Kingdom’s share.