Posts tagged as state

COVID-19 state aid could have been bigger in Latvia

Monday, October 5, 2020

In order to make employers and workers more comfortable in the COVID-19 crisis, the benefits provided by the State could have been higher, former Finance Minister Andris Vilks, member of the Bank of Latvia, said in an interview to Latvian Radio October 5. Comparing the economic crisis a decade ago and the crisis created by COVID-19, the former minister pointed to fundamental differences: “Absolutely not comparable: day versus night. Latvia’s situation…

Latvian railway company will need state support until 2025

Monday, September 21, 2020

Latvijas Dzelzcels (LDz) railway company will need financial support from the state until 2025, said LDz board chairman Maris Kleinbergs. The government this year decided to invest EUR 32.422 million in LDz share capital and it was necessary for the company to complete the started investment projects, he said. “After analysis of the third quarter results, we will be able to tell whether and how much funding is needed this…

Energy experts: State control over gas supply – a political ambition

By Edgars Kupčs on Monday, August 3, 2020

In July, state-owned energy transmission operator AS Augstsprieguma tīkls (AST) bought shares in the gas transmission operator Conexus Baltic Grid, gaining control of the company with a majority holding of 68.46%. This has caused a discussion between the State and experts, Latvian Radio reported August 2. The State says that this deal promotes the country’s energy security, independence and development. However, experts believe that there was no point in getting state control – it…

Wearing facemasks to be mandatory in Lithuania’s state institutions

Friday, July 31, 2020

Staff and customers at Lithuanian state and municipal institutions will be required to wear facemasks as of Saturday, the Health Ministry said on Friday. The measures were approved by Justice Minister Elvinas Jankevičius, who is currently standing in for Health Minister Aurelijus Veryga and signed a decree in response to rising coronavirus infections in Lithuania. The requirement to wear facemasks in public institutions will not apply to children younger than…

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…

Estonian SMEs: State has excluded small businesses from crisis plans

Friday, July 3, 2020

The Estonian Association of Small and Medium Enterprises (EVEA) said it finds it unacceptable that discussions on recovery measures are currently planned without small businesses, which play a key role in the economy and on which it depends how quickly the economy recovers from the crisis, reported LETA/BNS. A number of current and former large business leaders, economists and experts are represented in the expert committee set up by the…

State grants €1.86m to LTV to update playout system

Thursday, June 4, 2020

On June 4 the Latvian government agreed to finance Latvian Television  (LTV) to the tune of €1.86m for updating the television’s program playout system. Playout is a term for the transmission of radio or TV channels produced by a broadcaster. Should the playout system crash, viewers would only see a black screen. The system at LTV is so outdated this is a real possibility. LTV launched a tender on May…

Latvia’s state of emergency extended until June 9, some restrictions eased

Thursday, May 7, 2020

The emergency situation in place in Latvia due to COVID-19 has been extended until June 9, but some of the strict measures in place currently will be slightly relaxed, it was confirmed after a marathon meeting of the Latvian cabinet May 7. Speaking via video link at the conclusion of the meeting, Prime Minister Krišjānis Kariņš said: “We will continue to be responsible and to think of each other,” as he confirmed the new…

Lithuanian police detain ex-executive of Ukraine’s state company, suspected of corruption

Friday, November 1, 2019

Lithuania’s police detained the former board chairman of Ukraine’s State Food and Grains Corporation earlier this week in Vilnius, suspected of large-scale corruption in his country, law enforcement reported on Thursday. “I can confirm he was detained at the beginning of this week,” Ramunas Matonis, spokesman for Lithuania’s police, told BNS Lithuania on Thursday. The National Anti-Corruption Bureau of Ukraine (NABU), which reported on the arrest on Thursday, did not…

President to present state awards to auditor general and other recipients on Independence Day

Tuesday, October 29, 2019

The Latvian Chapter of Orders has decided to bestow the highest state award, the Order of the Three Stars, on 31 recipients, including heads of several institutions, judges, medics, scientists, public figures and artists, according to an announcement published in the official gazette Latvijas Vestnesis. Auditor General Elita Krumina, who is among the recipients of the decoration, will be made Grand Officer of the Order. On November 18, 2019, marking…