Posts tagged as crisis

Can Lithuania become regional leader amid Belarus crisis?

Thursday, October 1, 2020

The crisis in Belarus has become a test case for Lithuania’s role as a mediator and a regional leader, writes Monika Bičkauskaitė from the German Marshall Fund of the United States think tank. In 1989, two million people formed a human chain from Tallinn to Vilnius to demand their independence. In 2020, the Baltic Way was recreated as the Freedom Way to express solidarity with the people of Belarus. The…

airBaltic will emerge from crisis strong, says CEO

Thursday, September 3, 2020

The Latvian national airline airBaltic will be very strong after the crisis caused by the COVID-19 pandemic, and when it is possible to fly in full volumes again, growth will be very rapid, the CEO Martins Gauss said in an interview to LETA September 3. The turnover of airBaltic during the first half of this year  decreased by 63.6%  , to EUR 78,713 million, while the group’s losses increased almost seven…

NATO in crisis

By Jonas Dringelis on Thursday, August 27, 2020

NATO’s Secretary General Jens Stoltenberg met German Chancellor Angela Merkel in Berlin Thursday against a backdrop of challenges for the transatlantic military alliance, rising tensions in Europe and a political crisis in Belarus. Addressing the situation in Belarus, Jens Stoltenberg denied accusations that NATO troops were gathering at the country’s border with Poland and Lithuania. “NATO has no military build-up in the region so any excuse to use that as…

Lithuania’s open economy suffers

By Adomas Abromaitis on Tuesday, August 25, 2020

COVID-19 continues to test economy of the Baltic States. According to Lithuanian Finance Minister Vilius Šapoka, it is too soon to tell whether the second half of the year would be hopeful. The recent spike in coronavirus cases and growing uncertainty over the future might negatively affect business and consumer expectations, according to Šapoka. Lithuania’s GDP contracted by 3.7 percent in the second quarter of 2020, compared to a year…

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…