Posts published in Day: March 12, 2020

Crisis Management Council today might discuss possibility to close country’s borders

Thursday, March 12, 2020

The Crisis Management Council today might discuss a possibility to close the country’s borders due to the outbreak of coronavirus Covid-19, according to the information at the disposal of LETA. Interior Ministry’s parliamentary secretary Signe Bole though told LETA that so far the ministry has not received an official request to prepare information on whether the borders can be closed and what practical measures can be taken from the prime…

Estonian PM: It’s important to focus on invigorating the economy

Thursday, March 12, 2020

Estonia needs rapid and well-targeted steps to combat the impacts of the coronavirus, and it is essential to focus on invigorating the Estonian economy, not cost-cutting, Prime Minister Juri Ratas said in his political statement to the Riigikogu on Thursday morning. Ratas said that the spread of the COVID-19 virus and a simultaneous decline in oil prices are seriously affecting the situation of the global economy and European economy. Therefore,…

Coronavirus threatens NATO combat readiness

By Vairis Godmanis on Thursday, March 12, 2020

U.S. European Command is already cutting back on its plans for the large-scale combat exercise on the continent that kicks off this spring. The decision was made to curtail the exercise in order to deal with the spread of the novel form of coronavirus, also known as COVID-19, that already forced the U.S. Army Europe commander to self-quarantine himself earlier this week. US Commander in Europe Christopher Cavoli and several…

No subsidies for businesses due to coronavirus – Lithuanian PM

Thursday, March 12, 2020

The Lithuanian government is not planning to provide subsidies to businesses affected by the coronavirus, the prime minister says, but the tax authority may consider deferring tax payments. “If someone thinks that the state will start giving out subsidies or support, or replace customers and become a customer itself, then this is not going to happen,” Prime Minister Saulius Skvernelis told the radio Žinių Radijas on Thursday. “However, discussions with…

Competition Council claims almost 20-fold return on “pitiful” budget allocation

Thursday, March 12, 2020

The Competition Council of Latvia (CC), te public body charged with ensuring fair competition in the marketplace, has calculated that the average public benefit from implementation of competition policy in Latvia from 2017 to 2019 is worth 24.8 million euros a year. “Considering the Authority’s budget in this period, each euro allocated to the Authority generates average benefit of 19.32 euros,” it said in a clear attempt to demonstrate that it believes it…

Internal Swedbank investigation reveals possible sanctions violations

Thursday, March 12, 2020

An internal investigation conducted by Clifford Chance revealed that 4.8 million US dollars’ worth of Swedbank transactions in Latvia, Lithuania and Estonia could have possibly been made in violation of U.S. sanctions, according to a Swedbank press release on March 11. Swedbank has disclosed the findings in accordance with European Union regulations on market abuse, the Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act and the regulatory framework of…

Vilnius announces sweeping coronavirus measures

Thursday, March 12, 2020

Vilnius authorities have announced sweeping measures to prevent the spread of the coronavirus, including shutdown of schools for five weeks and cancelling all public events. The city’s museums, cinemas and gyms have been ordered to close, too. The Lithuanian capital announced the measures ahead of the government’s meeting to decide on nation-wide steps on Thursday. Lithuania has three confirmed cases of the coronavirus, one in Šiauliai and two in Kaunas.…

Coronavirus: Minister proposes closing schools in Lithuania for two weeks

Thursday, March 12, 2020

The Lithuanian  education   minister has drafted a plan to close down the country’s schools for two weeks in order to prevent the spread of Covid-19. The government is expected to make the decision on Thursday. “We see the situation as threatening. In light of the situation […] in other countries, my proposal is to halt [the educational process] for two weeks starting tomorrow,” Education, Science and Sport Minister Algirdas…

Flights cancelled from Lithuania to Copenhagen, Istanbul, Vienna, London

Thursday, March 12, 2020

As Europe toughens measures to fight the coronavirus spread, several airlines have cancelled Thursday’s regular flights between Vilnius and Copenhagen, Istanbul, Vienna and London Southend. Scandinavian Airlines (SAS) has cancelled Thursday’s flights from Vilnius and Palanga to Copenhagen, according to information on the Lithuanian airports’ websites. Other cancelations include Austrian Airlines’ flight to Vienna, Turkish Airlines’ flight to Istanbul and Wizz Air’s flight to London Southend. However, Ryanair’s flight to…

Donated rags costing charity riches

Thursday, March 12, 2020

The charity foundation Otrā Elpa (Second Breath) is kicking off the “ Let’s Part as Friends ” donation campaign today at 6:30 p.m. at the Alfa shopping center with a celebrity discussion on choosing which clothes to donate, as the amount of unsellable donations cost the charity over 8,000 euros in garbage disposal bills, according to a Latvian Radio broadcast on March 12. “We sell only good quality items in…