Posts tagged as crisis

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…

Analysis: Why are our politicians so popular during COVID-19 crisis?

By Darren McCaffrey on Friday, April 17, 2020

There seem to be certain “truths” in politics, including one long-established one: at times of crisis, people turn to their governments. And with coronavirus pandemic, it seems no different. Many of our politicians have never been so popular. In Austria, Chancellor Sebastian Kurz’s support has skyrocketed to 77 per cent, up an extraordinary 33 points. And in Denmark, where restrictions are already being lifted, Prime Minister Mette Frederiksen’s approval ratings…

Crisis budget to be passed

Wednesday, April 15, 2020

The Riigikogu is set to pass the government’s first coronavirus crisis measures package at its sitting on Wednesday. The supplementary budget concentrates on supporting companies, local governments, healthcare and the labor market. A number of laws will be amended, alongside other changes that critics say are not connected to the emergency situation at all. EXCISE DUTIES The election promise of the Conservative People’s Party (EKRE) to lower excise duties on…

Lithuania Proposes Additional Crisis Funding for Culture

Saturday, April 11, 2020

The Lithuanian Parliament approved an additional 5 m EUR in assistance to artists, culture professionals and cultural organisations impacted by the COVID-19 crisis on 8 April 2020. The film sector will receive 2 m EUR. The Lithuanian Government has put in place the Economic and Financial Action Plan to provide resources for the health and public security systems; for jobs and personal income protection, including an extension of the provisions…

Lithuania seeks Nordic loan

Tuesday, March 31, 2020

Lithuania is in talks with the Nordic Investment Bank (NIB) on a loan to help reduce the impact of the  coronavirus   crisis. “We have applied to the NIB for a loan to alleviate the consequences of Covid-19,” the Finance Ministry told BNS. “The bank’s board is to discuss the issue at its next meeting this week.” The ministry gave no details as to the size and duration of the…

Latvian farms look to employ those hit by crisis

Monday, March 30, 2020

Many Latvian farms lacked the necessary amount of workers before the Covid-19 novel coronavirus pandemic, and are turning to those newly unemployed due to the crisis to find new work hands, according to Latvian Agricultural Organization Cooperation Council (LOSP) Director General Guntis Vilnītis on March 29. “The field of work where you can make some money working in the fresh air while helping a farmer is very broad,” said Vilnītis.…

Crisis Management Council today might discuss possibility to close country’s borders

Thursday, March 12, 2020

The Crisis Management Council today might discuss a possibility to close the country’s borders due to the outbreak of coronavirus Covid-19, according to the information at the disposal of LETA. Interior Ministry’s parliamentary secretary Signe Bole though told LETA that so far the ministry has not received an official request to prepare information on whether the borders can be closed and what practical measures can be taken from the prime…

The migrant crisis continues to put a strain

Wednesday, March 11, 2020

The European Border and Coast Guard Agency is sending reinforcements to the frontier between Greece and Turkey as the migrant crisis continues to put a strain on Greek authorities. Thousands of migrants have tried to gain entry to Europe following Turkey’s decision to open its border to neighbouring EU countries. As the stalemate continues, it’s an anxious, and increasingly tense wait for those caught in the crisis, as authorities use…