Posts published in Day: September 17, 2020

SEB: Almost 25 percent of Estonian companies cut wage during crisis

Thursday, September 17, 2020

The SEB Baltic Business Outlook survey carried out in the Baltic states in July shows that 23 percent of Estonian businesses have reacted to the coronavirus crisis with wage cuts. Unlike Latvian businesses, Estonian enterprises have attempted to preserve jobs. Lithuanian enterprises tried to avoid both wage cuts and redundancies by making the greatest possible use of the state’s wage compensation measures, SEB said. The study shows that 23 percent…

Hourly labor costs rose by 6.2% in second quarter

Thursday, September 17, 2020

Seasonally and calendar non-adjusted data of the Central Statistical Bureau (CSB) published September 17 show that, compared to the second quarter of 2019, in the second quarter of 2020 hourly labor costs increased by 6.2 % or 60 cents, reaching EUR 10.27. Seasonally adjusted data comprised 4.0 %.  Rise in hourly labor costs recorded in almost all economic activities  Compared to the second quarter of 2019, seasonally non-adjusted data on the second quarter of…

Saeima supports energy surcharge removal

Thursday, September 17, 2020

The Saeima conceptually supported amendments to the Electricity Market Law, which provides for the abolition of the mandatory procurement component (OIK) for electricity consumers, said the Saeima Press Service September 17. Mandatory procurement components compensate the additional expenses that a public trader incurs by purchasing electricity under mandatory procurement. The mandatory electricity procurement costs are covered by all end-users in Latvia in proportion to their electricity consumption levels regardless of…

NyxAir ready to take on Saaremaa flight link activities

Thursday, September 17, 2020

NyxAir, an Estonian carrier which won the tender for the Tallinn to Kuressaare route, linking the island of Saaremaa with the Estonian mainland, says it is ready to start operations as soon as the tender is finalized. A challenge from state-owned Nordica’s Regional Jet subsidiary was dismissed Wednesday by the public procurement review committee, leaving the way open for NyxAir. “As soon as the procurement process successfully ends for NyxAir,…

George’s ribbon to be banned in public events

Thursday, September 17, 2020

On September 17 the Saeima in the first reading approved the ban on the use of St George’s ribbon in public events, meetings, walks and pickets. Law annotations point to Russian aggression in the east of Ukraine, where the black-and-orange-striped George’s ribbon became a symbol of Russian activities. It is used by “terrorist groups in East Ukraine and by supporters of Russian aggression throughout the territory of the former USSR”. The ban…

US is yet to achieve democratic ways of doing politics

By Stero Veberts on Thursday, September 17, 2020

There are many opinions on the US politics. This country had been the centre of many many debates. And there’s a reason for that. It’s fair to say that the USA is the greatest country in the world. Seems as its level of life is at the highest, it has the strongest army in the world and the idea of democracy and equality is its political agenda for lifetime. But…

Direct train to connect Vilnius with Warsaw next year

Thursday, September 17, 2020

A new train connection between Vilnius and Warsaw will start operating next year, the Lithuanian rail operator announced on Thursday. The countries’ state rail companies, Lietuvos Geležinkeliai (LTG) and Polskie Koleje Państwowe (PKP), agreed to roll out a passenger service in the second quarter of 2021 and also begin joint freight operations. The journey between Vilnius and Warsaw should take around eight hours, according to LTG. The deal was signed…

Lowest-ever number of births predicted in Latvia in 2020

Thursday, September 17, 2020

An all-time low number of newborns is expected in Latvia this year, and COVID-19 crisis will certainly not improve birth rates, said demographer Ilmārs Mežs in an interview to Latvian Radio September 17. Mežs said that this year the number of newborns could be around 18,000, and will be the lowest figure of all time since the twenties of last century, when such statistics began to be compiled. Eurostat forecasts show that…

Norwegian airline opens office in Rīga

Thursday, September 17, 2020

The airline Norwegian has decided to centralize its activities and set up an international service center in Rīga,  Latvian Investment and Development Agency (LIAA) said September 17 The office of Norwegian Air Resources Latvia will operate the airline worldwide, abandoning several outsourcing activities. Norwegian has already announced the first job vacancies in the new office. Recruitment will continue this year as well as next year. The total number of employees needed…

airBaltic will temporarily stop flights to Liepāja

Thursday, September 17, 2020

The Latvian airline airBaltic will stop flights from Riga to Liepāja from October 2 to 24, according to a company report September 16. The airline explained that travel restrictions have had a significant impact on airBaltic’s operations and that the continuation of flights to Liepāja is not possible at the moment, because the demand for these flights is very low. “Despite this, I am convinced that this route will soon be returned…