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Articles by Baltic News Network
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Latvia’s one year in the euro zone: no upsurge of investment
January 1, 2014, will mark one year since Latvia replaced its national currency, the lats, with the euro. Looking back at this important event, one can conclude that hopes of the euro kickstarting a rapid increase of inflow of investments in Latvia and membership in the euro zone making Latvia more attractive have not come to pass. […]
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Russian-speakers’ party wins elections in Latvia, but ruling coalition retains majority
With nearly 98% of votes in Latvia‘s general elections counted, the social-democratic party Harmony Centre, representing the country’s Russian-speaking minority, has received the largest support in the 12th Saeima elections. However, the ruling coalition – Unity, the Union of Greens and Farmers (UGF) and the National Alliance – has retained majority of votes in the Saeima, data published by the Central Election of Latvia show. […]
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Minister Linkevičius: I cannot join optimists cheering peace treaty in Ukraine
Baltic States are safe because they are with NATO. Russia will not try to threaten member states of the alliance because that would be “totally insane”, believes Lithuanian Foreign Minister Linas Linkevičius. […]
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Latvian State Audit: Port managers have forgotten that ports are national property
The fight between Latvian State Audit and managements of the largest Latvian ports has been going on for more than three years. The SA notes that the endless port sorting expectation continues in Latvia. In order to put an end to it, Transport Ministry must introduce regulations regarding the payment of fees for the use of port infrastructure on a legislative level. […]
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Latvia celebrates 23rd anniversary of de facto restoration of independence
August 21 marks 23 years since the Supreme Council of the Republic of Latvia adopted the constitutional law on the governmental status of the Republic of Latvia. That ended the Declaration “On the Restoration of Independence of the Republic of Latvia” and its established transition period for the restoration of independence. […]
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Edward Lucas: Lithuania will suffer most from Moscow’s embargo
Moscow’s sanctions will cause greatest problems to Lithuania, not Poland or other countries. This is because Lithuania’s business engine is based on exports to Russia, said Edward Lucas, editor of The Economist International Office, in an interview to Info TV. […]
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Defence
Germany does not approve of NATO’s military expansion to Poland and Baltic States
The German government does not approve of Poland’s and Baltic States’ request to expand NATO military presence in Eastern European countries, writes Westdeutsche Allgemeine Zeitung. […]
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Organizers threaten to pull high-profile music festival from Latvia following sanctions against Russian performers
Russian composer and organizer of the New Wave music contest, Igor Krutoy, warns will consider moving the annual festival out of Latvia‘s Baltic resort Jurmala. His statement follows a decision by the Latvian government to refuse entry to several Russian pop performers due to their vocal support for Moscow’s policies in Ukraine. […]
European Union
Fifteen more people and organizations added to EU’s blacklist
The list of people and organizations subject to European Union sanctions for their role in aggression in Ukraine has been extended to include additional 15 Ukrainian and Russian nationals, as well as 18 organizations. […]
Economy
Belarusian tourists exchange Crimea for Lithuanian resorts
The Crimean annexation by Russia has played out big for Lithuania: holidaymakers from Belarus, who usually choose Crimea for their vacation, this summer have been swarming Lithuanian resorts instead. The numbers of Belarusian tourists in Lithuania could be even higher if it were not for the lengthy and often intimidating visa procedures. […]
European Union
Latvia falls behind Lithuania and Estonia in terms of EU funds use
The Baltic States are some of the most successful member states in terms of the use of finances allocated by European Funds. However, Latvia is somewhat behind Lithuania and Estonia in this regard, according to a survey by KPMG on the use of finances allocated by EU structural funds in 2013 in Central and Eastern European region. […]
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Latvia’s Dombrovskis: euro in Lithuania is good news for all three Baltic States
“Euro in Lithuania is good news for the Baltic States – it will once again prove accomplishments of the Baltic States in securing financial stability and economic growth. It also demonstrates the attractiveness of this region for investments,” said Latvian MEP Valdis Dombrovskis, commenting the news about EP’s decision to let Lithuania join the euro zone. […]
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Russian-Ukrainian conflict impacts Latvia’s business environment
Considering the development of the economic environment and political situation, Coface International Credit Risk Insurance Company has changed the outlook for several countries. The outlook has been upgraded for countries of Western Europe and so-called new development markets. Latvia’s outlook has been downgraded. […]