Posts published in Day: November 9, 2020

Rīga Conference takes place this week

Monday, November 9, 2020

It’s still not too late to register for the Rīga Conference which takes place later this week on November 12-13. As  previously reported by LSM  , the agenda for this year’s Rīga Conference geopolitical conference has been published and is  available online   and is attached to this story. Due to the coronavirus pandemic, an online format will be used with moderators and a few key speakers located at the Latvian National Library…

Latvian central bank launches student scientific paper contest

Monday, November 9, 2020

The Latvian central bank (Latvijas Banka, LB) has announced its annual Competition of Student Scientific Research Papers to promote research and analysis of Latvia’s and euro area’s macroeconomic issues among talented young economists. Latvijas Banka is organizing the competition for the 19th time. Participation is open to the citizens and non-citizens of Latvia, Lithuania and Estonia as well as foreigners who at the time of the competition are registered as students…

Deflation recorded in October figures in Latvia

Monday, November 9, 2020

The latest data of the Central Statistical Bureau (CSB) published November 9  show that in October 2020, compared to October 2019, the average level of consumer prices decreased by 0.7%. Prices of goods fell by 1.6 %, while prices of services rose by 1.5 %. Compared to October 2019, in October 2020 the average level of consumer prices was mainly influenced by the drop in prices of goods and services related to housing, goods and services related…

Rail Baltica plans to build 16 stations in Latvia

Monday, November 9, 2020

The Rail Baltica project in Latvia plans to build 16 stations but train purchasing is not part of the project, Chairman of RB Rail Board Agnis Driksna said in an interview to Latvian Radio November 9. Building a new line from north to south will include regional stations that have never been there before. For example, in Salacgrīva, Iecava and Bauska. As well as being on the express line, regional routes are scheduled…

Manufacturing production output fell by 0.6% in September

Monday, November 9, 2020

Data published by the Central Statistical Bureau (CSB) November 3 show that in September 2020, compared to September 2019, manufacturing production output according to calendar adjusted data at constant prices decreased by 0.6 %.  Production output decreased in electricity and gas supply – by 22.7 %, with a significant decrease in the volume of electricity produced in combined heat and power plants (CHP) and gas supply to consumers. In turn, in mining and quarrying…

In break from usual, Lithuanian and EU leaders congratulate Biden before official results

Monday, November 9, 2020

Ireland and Lithuania were among the first EU countries to congratulate US president-elect Joe Biden. Diverging from the usual protocol, European leaders did not wait for the official results, reports EUobserver in Brussels, partners of LRT English. EU leaders and officials have congratulated Joe Biden on his victory in US elections, in what looked like a coordinated effort to stop outgoing president Donald Trump from challenging the result. The Irish…

Lithuanian healthcare system close to collapse, doctors warn

Monday, November 9, 2020

With a growing shortage of Covid-19 beds and doctors, the Lithuanian healthcare system is now close to collapse, doctors have warned. Last week, the outgoing government announced a second quarantine in Lithuania. At the same time, it became clear that the five major hospitals in the country were working almost at their full capacity. “As for the Vilnius region, the situation is tense, but it is not critical. We have…

1,056 new cases in Lithuania, over half of beds for Covid-19 patients occupied

Monday, November 9, 2020

On Monday, Lithuania’s health officials confirmed 1,056 new cases of Covid-19 in the country. According to the Health Ministry, 19,629 people are currently ill with the virus, while 5,813 have recovered. Some 305 of the new cases confirmed over the past 24 hours were registered in Kaunas County, 293 in Vilnius County, 157 in Klaipėda County, 76 in Telšiai County, 75 in Panevėžys Couny, 41 in Alytus County, 36 in…

SEB: Growth in exports of goods of Estonian origin was surprising

Monday, November 9, 2020

The 15 percent growth registered in September in the exports of goods of Estonian origin definitely was surprising, Mihkel Nestor, economic analyst at SEB, said on Monday. Nestor told BNS that the growth was surprising, although continuous improvements in the sentiment of industrial enterprises indicated that we may be soon seeing also growing export numbers. “Of course, we cannot speak of a broad export boom, as the double-digit growth is…

Estonian far-right minister to resign after party claims US election was ‘rigged’

Monday, November 9, 2020

Estonian Interior Minister Mart Helme said he would resign from his post after causing a backlash for his party’s claims that the US election was falsified. On Sunday, Finance Minister Martin Helme – the son of Interior Minister Mart Helme – from the far-right Conservative People’s Party of Estonia (EKRE) said the elections in the United States were “rigged so plainly, boldly, and on a massive scale”. He spoke during…