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Uncategorized

Minister Linkevičius suspicious of Russia’s “humanitarian aid” to Ukraine

Eastern Ukraine is in need of humanitarian aid but the international community cannot trust Russia which has announced recently it is sending 280 trucks of aid to eastern Ukraine, Lithuanian Minister of Foreign Affairs Linas Linkevičius said on Tuesday. […]

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Economy

Lithuanian meat and vegetable producers ask for tax cuts in wake of Russian embargo

After Russia has imposed an embargo on Lithuanian agricultural production, the government is considering not only subsidies for food products but also a reduced 5-percent value-added tax (VAT) rate for vegetable and meat producers. […]

Riga
Uncategorized

Latvia’s annual GDP growth at 2.5 percent

Latvia‘s annual GDP growth slowed to 2.5% in the second quarter of 2014 from 2.8% in the previous quarter, according to the flash estimate by the Central Statistical Bureau (CSBL). At the same time, seasonally adjusted quarterly growth picked up to 1% (0.6% in the first quarter). […]

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Uncategorized

What Latvian farmers should do with the spare milk?

Due to Russia‘s ban on import of food products, there is now overproduction of dairy products, while procurement prices for milk are falling and many Lithuanian dairy companies have terminated their contracts with Latvian dairy farms, therefore the state should provide support for not only specific companies, but also for dairy farms, experts told the business portal Nozare.lv. […]

Arvydas Pocius
Foreign affairs

Lithuania’s former army chief to start as ambassador to Romania in October

Lithuania’s former Chief of Defence Arvydas Pocius is set to assume his new duties as the country’s ambassador to Romania in October, according to documents drawn up by the Ministry of Foreign Affairs. […]