Posts tagged as approves

Commission approves €51 million Latvian scheme to support companies with exporting activities affected by Coronavirus outbreak

Thursday, August 6, 2020

he European Commission has approved a Latvian scheme, with an estimated budget of €51 million, to support companies engaged in the export of goods and services in the context of the coronavirus outbreak. The scheme was approved under the state aid Temporary Framework. The public support, which will take the form of direct grants, will cover up to 25% of the mandatory social security contributions paid by the beneficiaries. The…

Commission approves €47.5 million Lithuanian scheme

Thursday, July 16, 2020

The European Commission has approved under state aid rules a €47.5 million Lithuanian scheme to support companies active in the production and processing of pig, vegetable and aquaculture products affected by the coronavirus outbreak. The scheme was approved under the state aid Temporary Framework. Under the scheme, the public support will take the form of (i) direct grants, with a budget of €7.5m; and (ii) subsidised interest rates for loans,…

Estonian govt approves long-term building renovation strategy

Saturday, July 11, 2020

The Estonian government at a sitting on Thursday approved the long-term building renovation strategy, the main goal of which is to cost-effectively renovate the existing building stock into nearly zero-energy buildings by 2050, informed LETA/BNS. The strategy is a part of Estonia’s national energy and climate plan, spokespeople for the government said. Prime Minister Juri Ratas said that the state must aim to improve the living and working conditions of…

DSCA approves sale of 6 UH-60M to Lithuania

Friday, July 10, 2020

The State Department has made a determination approving a possible Foreign Military Sale to the Government of Lithuania of six (6) UH-60M Black Hawk helicopters and related equipment for an estimated cost of $380 million.  The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today. The Government of Lithuania has requested to buy six (6) UH-60M Black Hawk helicopters in standard U.S. Government configuration…

Saeima approves downtime salary reduction

Friday, May 8, 2020

On Thursday, May 7, Saeima deputies adopted amendments to the law which will allow employers to pay 70% of workers’ salary during downtime period. The amendments to the Law on State Hazard Prevention and Resilience Measures related to Covid-19 Proliferation are intended to ease application of certain conditions for employers participating in the State and Enterprise In-depth Cooperation Program, if affected by the Covid-19 crisis. The amendments provide for a reduction of the downtime salary specified in the Labor Law from 100% to 70% of the employee’s salary. According to the Saeima Press Service, the employer will be able to pay remuneration to the employee, the amount of which must not be…

Cabinet approves Muižnieks as University of Latvia rector

Thursday, March 26, 2020

Ten months after elections were held for the post of rector at the University of Latvia, the cabinet has approved Indriķis Muižnieks at the post. The government decided on the matter at a March 26 remote meeting. Muižnieks’ candidacy was supported by Education Minister Ilga Šuplinska (New Conservative Party) and unanimously approved by all the government ministers. In August last year, the Cabinet of Ministers    decided not approve Indriķis Muižnieks to continue…

Lithuanian parlt speaker faces no-confidence vote after his party approves coalition deal

Tuesday, July 16, 2019

Viktoras Pranckietis, the speaker of the Seimas, faces a no-confidence vote in the parliament to remove him from office after the Lithuanian Farmers and Greens Union (LFGU) has approved a new coalition agreement. In an open ballot vote on Monday evening, the LFGU council supported the agreement with 68 votes in favor, one against and seven abstentions, Ramunas Karbauskis, the party’s leader, told reporters in Kaunas. “We can say this…

Latvia has a new culture minister – Saeima approves Nauris Puntulis for the job

Monday, July 8, 2019

Latvia’s parliament has appointed ex-Riga City Council deputy, opera singer Nauris Puntulis for the post of culture minister of Latvia with 63 votes in favour and 20 votes against. It is worth mentioning that only Harmony’s members and non-faction deputy Jūlija Stepaņenko, who was originally a member of Harmony, voted against Puntulis as a culture minister candidate. Prime Minister Krišjānis Kariņš reminded in his speech addressed to the Saeima that…

FCMC approves methodology for ABLV Bank’s liquidation

Thursday, March 7, 2019

The Financial and Capital Market Commission (FCMC) at an extraordinary meeting on Wednesday approved the methodology for screening the creditors of ABLV Bank for the bank’s self-liquidation, FCMC spokeswoman Ieva Upleja reported LETA. ABLV liquidator Arvids Kostomarovs told LETA earlier that payments to creditors will be started not sooner than 2-3 months after FCMC approves the methodology. As reported, the European Central Bank annulled ABLV Bank’s license in July 12, 2018.…

Tokyo approves bill in next step toward enactment of new Trans-Pacific Partnership

Tuesday, June 12, 2018

The Diet approved a bill Wednesday to ratify the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The bill was adopted at a plenary session of the Upper House by a majority vote, with support mainly from the ruling Liberal Democratic Party and its coalition partner Komeito. The Lower House passed the bill in May. The parliamentary approval is expected to help speed up related domestic procedures and add momentum…