Posts tagged as crisis

Estonia: Five billion gone already

By Marica Lillemets on Thursday, July 16, 2020

The state has already borrowed €2.8 billion to alleviate the effects of the coronavirus crisis, while the government is aiming to borrow a total of €5 billion over two years. A part of the money has already been spent, with various parties debating how to use the billions still to be borrowed. The government has turned to a council of experts that includes former central bank governor Ardo Hansson who…

Estonia: Crisis reserve shaping up

Friday, June 26, 2020

The crisis reserve bill has been sent out for coordination by other ministries. Administrative needs and political will coincided very fortunately in this case, said Viola Murd, deputy secretary general in charge of rescue, emergency response and crisis regulation for the Ministry of Internal Affairs. What is the idea and goal of the crisis reserve? The aim of the crisis reserve is to allow the state to act quickly and…

Most Lithuanians happy with government’s handling of Covid-19, survey shows

Monday, June 22, 2020

More than half of Lithuanians are satisfied with the government’s handling of the coronavirus crisis, a survey by Vilmorus for BNS has revealed. Carried out on June 5–13, the poll showed that 58.8 percent of Lithuanians were satisfied or rather satisfied with the government’s actions during the pandemic, while 26.4 percent were dissatisfied, and 14.8 percent had no opinion. The survey showed that older people were more likely to approve…

Lithuania’s crisis response ‘timely’, but future remains uncertain

Wednesday, June 10, 2020

Lithuania may be looking to the deepest economic downturn in a century in the wake of the coronavirus pandemic, even though the government has handled the crisis well, according to politicians. However, trade unions warn that the negative effects will be felt for a long time. The head of the Lithuanian Trade Union Confederation Inga Ruginienė cautioned that although the quarantine in Lithuania is nearing its end, the future for…

National Library touted as example in ensuring e-services through crisis

Tuesday, June 2, 2020

An European institution has touted the National Library of Latvia (LNB) as an excellent example in ensuring online accessibility during the Covid-19 crisis. Specifically, the European Bureau of Library Information and Documentation Associations (EBLIDA) has  drawn up a report summing up the experience of libraries in 17 European countries facing the crisis  . The document was created in response the call for solidarity launched by the UN Secretary general, Mr António Guterres,…

Estonia: The crisis brought out what was already there

By Aimar Altosaar on Monday, June 1, 2020

The emergency situation in Estonia lasted for 66 days. We are breathing air increasingly free of restrictions for the third week. President Kersti Kaljulaid (50) takes a look back at what has been an extraordinary time at work. She believes the crisis did not create new trends but accentuated existing ones. How have the Estonian people handled the crisis? Brilliantly! I have been teaching social education classes weekly and treated…

In Poland, key automotive industry has been hit most by crisis

Saturday, May 30, 2020

Poland has a traditionally developed automotive sector, which normally is a driving force for the country’s industry and exports. This spring, however, passenger car production has dropped by 99% on an annual basis in Poland, according to the Polish Central Statistical Office, DW reports. For the most part of April, passenger car production was on hold after the suspension of factories at Fiat Chrysler, Opel (Peugeot-Citroen) and Volkswagen, all of…

COVID-19 crisis support measures reach 4.7% of GDP

Monday, May 18, 2020

The overall impact of the COVID-19 crisis support measures on the government budget base has reached 4.7% of gross domestic product (GDP), reported the Fiscal Discipline Council (FDC) on May 18. The FDC concluded in its third crisis monitoring report on the impact of COVID-19 on the country’s economy and fiscal situation that one of the risks is the unbalanced risk sharing between the government on the one hand and entrepreneurs…

How France, the Netherlands, Latvia, and the EU are supporting startups in times of crisis

Friday, May 15, 2020

There is no country that hasn’t been affected by the coronavirus. A major topic of concern that will affect not only individual entrepreneurs, but the future health of nearly every industry, is how startups can weather the storm. Naturally, attention has turned from private to public resources: what role should government agencies take in keeping the startup ecosystem alive? Introducing the second episode of Data Market Services Inspiration Series, a new…

Global report: WHO says Covid-19 ‘may never go away’ and warns of mental health crisis

Thursday, May 14, 2020

The World Health Organisation has warned that coronavirus “may never go away” as its experts predicted that a global mental health crisis caused by the pandemic was looming. The global health body on Wednesday cautioned against trying to predict how long coronavirus would keep circulating, and called for a “massive effort” to overcome it. “It is important to put this on the table: this virus may become just another endemic…