Posts tagged as interest

Good news: Japan interested in Rail Baltica

Friday, January 24, 2020

The Japan Bank for International Cooperation (JBIC) is interested in providing financing for the Rail Baltic European-gauge railway project and the Baltic power grids’ synchronization with the Western European system, an adviser to Lithuanian President Gitanas Nauseda said. Nauseda and JBIC governor Tadashi Maeda discussed such possibilities during their meeting in Davos, according to adviser Simonas Krepsta. “They [JBIC] are closely watching the Rail Baltic and synchronization projects and are ready to finance them on…

Germany’s Merkel fends off worries about her health

Friday, July 19, 2019

German Chancellor Angela Merkel fended off worries about her health on Friday, saying that she has a personal interest in staying healthy and having a life after politics. Merkel said that she understands questions about her health after three recent incidents in which her body shook as she stood at public events. But she said she’s aware of her responsibility as chancellor and “can exercise this function.” She has said…

State seeking to abolish strict ad restrictions on consumer credit providers

Wednesday, July 17, 2019

The Estonian Ministry of Economic Affairs and Communications is seeking to abolish strict advertising restrictions on providers of express loans, which were imposed only three years ago when the state decided to harshly organize the express loan market, the daily Postimees writes. At present, an express loan advert is allowed to contain only mandatory information, for example the interest rate, the annual percentage rate of charge, and the company’s contact…

Unity and prosperity of the EU is in the United States’ interest – Karins

Monday, July 15, 2019

The European Union is not a competitor to the United States, and the prosperity and unity of the EU helps the United States, Prime Minister Krisjanis Karins (New Unity) said at an Atlantic Council event in Washington, according to the Atlantic Council’s website. Karins said he was in Washington specifically to attract interest in the Latvian economy. “I want stronger Latvian-U.S. relationships through increased trade,” he said. “I am looking…

Latvian companies start working on deposit machines for packaging

Tuesday, July 9, 2019

Machinery development and manufacture company SIA Peruza together with IT company SIA WeAreDots have commenced work on development of a packaging deposit machine and IT software that would identify and accept different types of packaging materials, as confirmed by company representative Alīna Kozlovska. She notes that a prototype could be ready by autumn this year. The prototype may be fitted with technological solutions like computer sight, AI and robotic manipulators.…

Shutdown goes on as Trump offer doesn’t budge Democrats

Monday, January 21, 2019

Thirty-one days into the partial government shutdown, Democrats and Republicans appeared no closer to ending the impasse than when it began, with President Donald Trump lashing out at his opponents after they dismissed a plan he’d billed as a compromise. Trump on Sunday branded House Speaker Nancy Pelosi a “radical” and said she was acting “irrationally.” The president also tried to fend off criticism from the right, as conservatives accused…

Modi’s pre-election handouts to cost India billions, breach fiscal targets

Saturday, January 19, 2019

A series of vote-catching measures planned by Indian Prime Minister Narendra Modi as he braces for a difficult general election may cost more than 1 trillion rupees ($14 billion), two sources with direct knowledge of the matter said. Much of the cost of the extra spending or revenue losses would have to be borne by the government that will take charge after the election due by May. The spending is…

Estonia planning to develop unmanned military land systems

Thursday, August 2, 2018

Estonia, along with Finland and Latvia, is planning to develop unmanned military land systems. Hidden behind the military-economic jargon is the assumption that unmanned military systems on land are likely to experience a boom similar to that in the use of unmanned aerial vehicles (UVAs) in recent years. UVAs, more commonly referred to as drones, are already in widespread and diverse military use, for support and reconnaissance purposes as well…