Posts published in Day: January 15, 2020

Swedbank: Baltic economies on track with “solid but sustainable” growth

Wednesday, January 15, 2020

The economies of the Baltic states are currently characterised by “solid but sustainable growth” and to ensure the decade-long trend is prolonged further, they should continue to avoid significant imbalances, according to a report released by Swedbank January 15 and dubbed its “Economy Heat Index”. “The temperature of Baltic economies has not changed significantly over the past year. Economies were characterized by tight labour markets, balanced external accounts, sustainable credit…

Lithuania in for ‘shock therapy’ as EU funding drops

Wednesday, January 15, 2020

Lithuania is bracing itself for a financial “shock therapy” once the European Union cuts cohesion funds for the country, the finance minister says. Under the EU multiannual budget bill for 2021-2027, cohesion funding, aimed at helping poorer member states to catch up, would be cut by around 27 percent for Lithuania. “We want equal opportunities and we want our national budget to avoid the shock therapy, especially when it comes…

Protesters picket Danish embassy in Rīga over extradition case

Wednesday, January 15, 2020

As  previously reported by LSM, Misāne faces being extradited to South Africa to face potential serious charges of child abduction, document forgery and fraud after she fled the country with her children, claiming she was escaping from a violent partner. She was detained at Copenhagen airport while in transit in December 2018 and has been held in Denmark ever since while extradition proceedings have continued. LTV reporter Vita Anstrate was…

Bizarre 1990s Kinder egg court case continues in Latvia

Wednesday, January 15, 2020

The court case involving the young boy, who is now a middle-aged man with visible gray hairs, began a few years after the crime was committed. In the first case he was acquitted, but the prosecutor’s office has said with suitably Kafka-esque certainty that the proceedings must continue. “Currently the prosecutor’s office has asked us to verify all of the testimonies from 1995 and 1994. We’re currently doing that, reading the case…

Foreign Investors’ Council in Latvia Sentiment Index

Wednesday, January 15, 2020

January 15 sees the presentation at the Stockholm School of Economics in Rīga of the annual Foreign Investors’ Council in Latvia (FICIL) Sentiment Index, which has become an important economic indicator for businesses, commentators and policymakers alike. The discussion will be conducted in Latvian but simultaneous translation will be provided into English – simply select the relevant button on the video stream. The Foreign Investors’ Council in Latvia (FICIL) is…

Latvia: State Police Chief steps down

Wednesday, January 15, 2020

Interior Minister Sandis Ģirģens (KPV LV) announced that after 40 years of service State Police Chief Ints Ķuzis will leave the force, according to LTV on January 15. “At the end of each year I evaluate what has been accomplished, what has been done, and think about the work that needs to be done in the next year. At the end of last year, I decided to leave the force,”…

Latvia calls for India to open an embassy in Rīga

Wednesday, January 15, 2020

“Edgars Rinkēvičs said he was pleased with the cooperation between Latvia and India and how it has become more intensive since the opening of a Latvian embassy in New Delhi in 2014, and he expressed hope that India could open its embassy in Riga in the near future. We would like to maintain the current high-level dialogue and exchange of visits, which is evidenced by the visit of the Vice…

Lithuanian president wants environmental criteria in new public procurement rules

Wednesday, January 15, 2020

Lithuanian President Gitanas Nausėda is proposing to overhaul the country’s public procurement system. Among other things, he wants public institutions to consider environmental and social criteria when selecting contractors. Among key suggestions are centralising the network of contracting authorities and simplifying lower-value procurement. The president put the proposal for public consultation on Tuesday. Nausėda suggests adopting the new procedure during the parliament’s spring session for it to come into force…

Latvian defense minister: abandoning Iraq has dramatic consequences

Wednesday, January 15, 2020

The mandate doesn’t contain an obligation to participate in the mission, but provides the opportunity. The final decision whether to continue participation in the mission will be up to Saeima. The 81-state coalition is currently in talks with partners about the future of the mission, but Pabriks reiterated that respecting Iraq’s sovereignty, if Iraq asks the mission to leave, then Latvian soldiers will leave. “In the case that this mission…

Lithuanian football club’s deal with Chinese company attracts controversy

Wednesday, January 15, 2020

A Lithuanian football club’s sponsorship deal with a Chinese state-controlled company has attracted criticism. The video surveillance equipment maker Hikvision has been implicated in human rights violations in China and putting its name on a stadium would be a “spit in the face” of people oppressed by the Chinese government, a Lithuanian MP insists. FK Sūduva, a football club in Lithuania’s western town of Marijampolė, presented Hikvision as its new…