Posts tagged as business

Business hits back against Lithuanian parliament’s tax proposals

Friday, November 8, 2019

Lithuania’s biggest business organisations say politicians are violating the national agreement signed two years ago when proposing tax raises. In a statement circulated on Wednesday, they say they will closely watch the passing of next year’s budget and decide if it is worth sticking to the agreement. Lithuania’s ruling parties have proposed introducing taxes on bank assets and turnover of big retail chains. Robertas Dargis, the president of the Lithuanian…

Lithuanian delegation is scheduled to leave for China

Tuesday, October 22, 2019

A Lithuanian delegation of government and business representatives, led by Government Chancellor Algirdas Stoncaitis, is scheduled to leave for China in early November to attend the Second International China Import Expo and discuss Lithuanian-Chinese cooperation. The government chancellor will attend the exhibition in Shanghai on Nov 3-9 at China’s invitation. Last year, Lithuania was represented by President Dalia Grybauskaite, and Prime Minister Saulius Skvernelis had been invited this year but…

Estonia urges changes for employment of foreigners; businessmen worried

Tuesday, August 13, 2019

Businessmen in Estonia are prepared to support Interior Minister Mart Helme’s proposed changes for attraction of foreign workforce. However, it is noted that proposals will not achieve anything. Amendments were proposed to reduce illegal employment and they provide for delegating the task of proving legal employment to businessmen. Estonian Employers’ Confederation and Estonian Chamber of Commerce and Industry are confident that changes to the law are needed to reduce the…

German business confidence dips further to near 5-year low

Monday, June 24, 2019

A closely watched survey is showing that German business confidence has fallen to a near five-year low as managers’ expectations for the coming six months have deteriorated. The Ifo institute said Monday that its monthly confidence index slipped to 97.4 points in June from 97.9 last month, in line with market expectations. The third straight monthly fall takes the index to its lowest since November 2014 and was entirely due…

Study: 50.6% of enterprises view Latvia’s business-related legislative environment negatively

Friday, May 24, 2019

Latvia’s business-related legislation is poor to very poor, according to 50.6% of interviewed entrepreneurs. Only 19.2% view legislation as either very good or more or less good, according to Turība University’s Business Index. Companies with 250 or more employees seem the most positive about Latvia’s business legislation, whereas companies with 10 to 49 employees are the most negative, results show. Analysing results in different sectors it was concluded that the…

Polish, Lithuanian presidents talk security, business

Thursday, February 21, 2019

The Polish president’s chief of staff, Krzysztof Szczerski, said Duda and Lithuania’s Dalia Grybauskaite would issue a joint declaration pledging to cooperate on security issues. During her two-day trip to Poland, Grybauskaite was on Thursday also to meet the Speakers of the lower and upper houses of the Polish parliament. On Friday, Grybauskaite, whose term in office ends this year, was to hold talks with Polish Prime Minister Mateusz Morawiecki.

Former defence chief to work for Estonian defence industry company Milrem

Monday, January 21, 2019

Former Commander of the Estonian Defence Forces (EDF) Gen. Riho Terras will take over the defence division of Estonian unmanned vehicles manufacturer Milrem Robotics. Gen. Terras’ main responsibilities will include establishing Milrem Robotics’ international business development and program support teams, leading the process of gaining a strong foothold in the defence market and bringing end user-specific know-how to the company’s strategic research and development activities, Business Wire said. “Gen. Terras’ strong…

China offers Turkey moral support, says can overcome difficulties

Saturday, August 18, 2018

China offered moral support to Turkey on Friday as Ankara reeled from a currency crisis and U.S. sanctions, saying it believed the country could overcome its “temporary” economic difficulties, in Beijing’s first comment on the issue. The Turkish lira TRYTOM=D3 has lost a third of its value against the dollar this year as worsening relations between the NATO allies Turkey and the United States added to losses driven by concerns…

Iran’s Supreme Leader Khamenei Says No War, No Negotiations With US

Monday, August 13, 2018

Iran’s supreme leader, Ayatollah Ali Khamenei, has banned holding any direct talks with the United States, according to state television. “I ban holding any talks with America … America never remains loyal to its promises in talks… just gives empty words … and never retreats from its goals for talks,” Khamenei said. Earlier, US Secretary of State Mike Pompeo said in a statement that its allies and partners should join with the United States to deny funding to the leaders…

Chinese exports accelerate even as Trump escalates trade war

By Elias Glenn, Ben Blanchard on Wednesday, August 8, 2018

China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world’s two major economic powers ramped up a bitter dispute that some fear could derail global growth. In the latest move by President Donald Trump to put pressure on Beijing to negotiate trade concessions, Washington is set to begin collecting 25 percent tariffs on…