Posts published in Day: December 20, 2019

ECB urges caution with Lithuania’s new bank taxes

Friday, December 20, 2019

The European Central Bank (ECB) has recommended that Lithuania carry out a comprehensive impact assessment before raising taxes on banks. The ECB also warns that a legislative proposal to tax banks’ assets over 300 million euros “could have a material adverse effect on the Lithuanian financial system and trigger potential undesired distortions with respect to bank business models”. The Lithuanian parliament has recently  voted in favour   of raising the…

Lithuania supports EU Green Deal, but needs resources to implement it – PM

Friday, December 20, 2019

Lithuania supports the European Green Deal, but will need additional resources to implement it, Lithuanian Prime Minister Saulius Skvernelis said on Friday after meeting the country’s European Commissioner Virginijus Sinkevičius. “The prime minister underlined that Lithuania supports the EC’s ambitious Green Deal and hopes for common agreement to be reached in the EU. Proper resources should be allocated for the implementation of the Green Deal,” the government’s statement reads. The…

25 years on UNESCO list, Vilnius struggles balancing development and heritage

Friday, December 20, 2019

The historic centre of Vilnius was the first object in Lithuania listed as a UNESCO world heritage site. Twenty five years later, tensions between development and preservation of historic heritage remain. Vilnius has preserved a layout of a medieval city, UNESCO said when it listed it in 1994, with a wide variety of historical buildings in fascinating natural settings. The blend of the natural and the man-built is what makes…

Boris Johnson visiting Estonia on Saturday

Friday, December 20, 2019

Johnson, who last week won a landslide general election victory, was reportedly invited by his Estonian counterpart Jüri Ratas (Centre) the night after the election. According to Delfi (link in Estonian), while the preliminary invitation had already been made, the visit was finalized by an exchange of text messages between the two men. “I had already made an initial request to Boris Johnson to come to Estonia. It took shape…

Latvian Defense Ministry to fund virtual reality training tech

Friday, December 20, 2019

Six Latvian defense technology companies, will receive a total of 350,000 euros in grants from the Ministry of Defense for projects such as a virtual reality training simulator and the development of a secure communications system prototype, according to a ministry announcement on December 18. This grant money covers 50% of costs for each project, which could be increased to 75% if the project progresses sufficiently. The Ministry of Defense program awarded grants to Exonicus for…

Vilnius greenlights national stadium construction

Friday, December 20, 2019

Vilnius City Council on Wednesday approved the signing of a 156-million-euro contract to build and operate a national stadium in the Lithuanian capital. Under the contract signed withthe builder, Axis Industries, and the financial investor, BaltCap, the complex including an UEFA-standard football stadium, sports fields and other facilities will be operated by Kauno Arena for more than two decades. The complex will be designed by British architect Damon Lavelle of…

Estonia gained over €10m in taxes from students in two years

Friday, December 20, 2019

International students in Estonia contributed over €10 million in tax over the previous two academic years, research from Statistics Estonia has revealed, as the country contends to boost its attractiveness as study destination with a generous post-study work offer. In 2018/2019, international students in the country paid €2.4m in income tax and €5.6m in social tax, according to the analysis undertaken on behalf of the Archimedes Foundation – the body that implements…

Sevastova and Dukurs named Latvia’s Athletes of the Year

Friday, December 20, 2019

Tennis player Anastasija Sevastova and skeleton slider Martins Dukurs were named Latvia’s Athletes of the Year at last night’s annual Sports Awards 2019. This was the second time that Sevastova has been named Athlete of the Year, and the sixth time for Dukurs. Other finalists for Athlete of the Year this year included tennis player Alona Ostapenko, weightlifter Rebeka Koha, as well as beach volleyball players Tona Graudina and Anastasija…

Pope Francis sends God’s blessing and a message of joy and peace to the Latvian people

Friday, December 20, 2019

Pope Francis sends God’s blessing and a message of joy and peace to the Latvian people and families, LETA was told at the Foreign Ministry. The Pope conveyed this message to the people of Latvia during an accreditation audience of the Ambassador of Latvia to the Holy See, Elita Kuzma. Pope Francis sent his highest respect to the President of Latvia, Egils Levits, and to the Latvian people ahead of…

US Senate confirms new ambassador to Lithuania

Friday, December 20, 2019

The United States Senate has approved the appointment of Robert Gilchrist as Washington’s new ambassador to Lithuania. The diplomat himself announced the news on Twitter on Friday, saying that he hoped to assume his new position soon. “A truly great honor. After swearing in, I hope to arrive at post in late January,” he tweeted. Gilchrist will replace outgoing Ambassador Anne Hall who has served in the position since 2016.…