Posts published in Day: May 8, 2020

Growth in construction sector in first quarter of 2020

Friday, May 8, 2020

In the first quarter of 2020, compared to first quarter of 2019, construction output increased by 14.9% according to the Central Statistical Bureau (CSB). Construction volume increased by 16.4% in buildings, 16% in engineering construction and 9.7% in specialized works. The growth was supported by favorable weather conditions allowing work to be carried out more quickly.  The CSB reports that in Q1 2020, compared to Q4 2019, construction output increased by 11.5% on a seasonally adjusted basis at comparable prices, including 10.9% in buildings construction, 1.9% in engineering construction, 22% in specialized construction.  In all 749 construction permits have been issued in Q1 of this year for the construction of residential buildings,  capital repairs, reconstruction and restoration of a total area of 222 thousand square meters. Nonresidential building construction, capital repair, reconstruction and…

Lithuanian government looks at 12-percent shortfall in planned revenue this year

Friday, May 8, 2020

Lithuania’s government may fail to collect up to 1.5 billion euros, or 12 percent, of planned budget revenue due to the coronavirus crisis, according to a deputy finance minister. “The revenue shortfall will range from over 1 billion euros to 1.5 billion euros,” Miglė Tuskienė told members of the parliamentary Committee on Economics on Friday. In April, budget revenue missed the target by 31 percent, the official said. “The revenue…

Lithuania may face a drought ‘disaster’ over the summer

Friday, May 8, 2020

After exceptionally dry winter and spring, Lithuania could be facing another summer drought, the country’s Hydrometeorological Service has warned. “If low precipitation continues during the second third of May, we may face a drought disaster,” Viktorija Mačiulytė, a climatologist, said in a press release. Southwestern Lithuania, worst affected by the dry season in April, has received less than 10 percent of normal rainfall. The Lithuanian government last year declared a…

Coronavirus: Lithuania reports 3 new cases, lowest increase since early March

Friday, May 8, 2020

Three people were diagnosed with Covid-19 in Lithuania on Thursday, the lowest daily increase since early March, the country’s National Public Health Centre announced. The country has so far confirmed 1,436 coronavirus cases. Of them, 765 people have recovered and 618 are considered active cases, the centre said on Friday. So far, 49 patients have died from the coronavirus in Lithuania. Four more people who had been infected passed away…

Military spending increase, despite the COVID-19 outbreak

By Stero Veberts on Friday, May 8, 2020

The security of citizens is the biggest priority of any country. It is their responsibility to maintain economic prosperity and peaceful well secured being. It appears to be hard to do, due to rise of political tension and other facts related to crime and corruption. Now it is well known that a lot of attention is given to armed forces, however this is just one element in a chain of…

Canadian curator appointed to take charge of Kaunas Biennial

Friday, May 8, 2020

Kaunas Biennial, a contemporary art event in Lithuania’s second-biggest city, has appointed the Canadian curator Josée Drouin-Brisebois to curate next year’s show. The 13th edition of the festival will run between November 5, 2021, and January 30, 2022, to coincide with Kaunas the European Capital of Culture 2022 events, the organisers said in a press release. Drouin-Brisebois is the senior curator of contemporary art at the National Gallery of Canada.…

Estonia will not buy electricity from Russia, president says

Friday, May 8, 2020

Estonia does not intend to buy electricity directly from Russia and will seek consensus among EU member states for a pollution tax on Russian electricity entering the single market, according to President Kersti Kaljulaid. “What concerns energy, Estonia is not buying electricity from Russia through any of our nine connections to Russia,” the Estonian president told BNS in an interview. “Estonia is buying electricity from Nord Pool. And we know…

Annual Spring Storm large-scale military exercise will end today

Friday, May 8, 2020

The Estonian Defense Forces are hoping that necessary amount of conscripts will be cleared by a medical committee for summer call-ups despite the emergency situation. “It’s a challenge compared to the Canadian Prairies and fields of Great Britain. The landscape here is more difficult, but we have been training and can manage,” NATO Enhanced Forward Presence (eFP) battlegroup gunner Brown told “Aktuaalne kaamera” on Thursday. More than a thousand soldiers…

Estonian startup bourse launches 24/7 trading of private companies

Friday, May 8, 2020

Venture-funded Estonian company Funderbeam launched on Friday real-time clearing and 24/7 trading, aiming to boost trading volumes on its global secondary market for trading in private companies. The trading platform has raised $15.8 million from investors including Tim Draper, Mistletoe and Refinitiv who hope it could solve liquidity problems of early stage investment. So far 39 companies are trading on Funderbeam and over 15,000 verified investors have signed up from…

Report Authors Discuss Challenges of NATO’s Reinforcement of the Baltic Region

Friday, May 8, 2020

In the event of a major crisis or war in the Baltic region, NATO’s reinforcement of the local armed forces and enhanced Forward Presence battlegroups would require the rapid movement of large and heavy military formations across Europe. In their report “Until Something Moves: Reinforcing the Baltic Region in Crisis and War”, a collaboration between ICDS and CEPA, Lieutenant General (retired) Ben Hodges, Tony Lawrence and Colonel (retired) Ray Wojcik…