Posts published in Day: March 16, 2021

Estonian Finance minister: Supplementary budget will total €641 million

Tuesday, March 16, 2021

An additional budget of €641.4 million was agreed on by the Cabinet on Tuesday and the government will hand it to the Riigikogu on Thursday, Minister of Finance Keit Pentus-Rosimannus (Reform) said. The minister of finance said on social media that the government will not increase the €8 billion loan limit approved in December last year with the supplementary budget. All the details of the bill will be made public…

Estonian government issuing another round of short-term bonds in late-March

Tuesday, March 16, 2021

The government plans to issue another round of short-term bonds later on this month, for the third time in the past year. Finance minister Keit-Pentus Rosimannus said that while the precise volume of the bond issue is yet known, it is likely to be valued in the hundreds of millions, while this and other details will be finalized soon and then made public. The plan is reportedly independent of the…

World War III: If Russia Invaded the Baltics NATO Couldn’t Stop Them

By Mark Episkopos on Tuesday, March 16, 2021

But if the Baltics have really been so vulnerable for so many years, why is it that the Russians have yet to attack? Is NATO able to fend off a large-scale Russian invasion of the Baltic states? No, according to most experts. A 2016 RAND Corporation report, “Reinforcing Deterrence on NATO’s Eastern Flank,” conducted a series of wargames simulating a Russian assault on the Baltic states. The report reached an…

EU reaches agreement on cross-border infrastructure funding

Tuesday, March 16, 2021

Following lengthy and at times contentious negotiations, the European Parliament and Council agreed Thursday (11 March) on the Connecting Europe Facility, making available over €30 billion in funding for transport, digital, and energy projects. Prior to Thursday’s late-night agreement, negotiations had stalled over the allocation of funds for ‘Rail Baltica’, a major infrastructure project that would see high-speed rail link Latvia, Lithuania, and Estonia with the rest of the EU.…

Lithuanian President to speak at Verkhovna Rada

Tuesday, March 16, 2021

During his visit to Ukraine, Lithuanian President Gitanas Nauseda will speak at the Verkhovna Rada, Chairman of the Ukrainian Parliament Dmytro Razumkov said. “On Thursday, the President of the Republic of Lithuania will visit Ukraine. There was an appeal to the Verkhovna Rada with a proposal for Mr. Nauseda’s speech within the walls of parliament. I talked beforehand with representatives of all parliamentary factions and groups, they supported this initiative,…

Estonian government plans to borrow approximately €2 billion in 2021

Tuesday, March 16, 2021

The government will borrow approximately €2 billion this year and the exact figure will be known after the next financial forecast, Undersecretary of the Ministry of Finance Märten Ross said on Monday. Ross said the amount of loan money borrowed may be smaller than anticipated after the autumn forecast last year. “Then we were talking about maybe more than €2 billion in loans. Now, at the start of the year,…

Rail Baltica updates tender for longest railway bridge construction

Tuesday, March 16, 2021

A new tender will be announced for the construction of the longest railway bridge of Rail Baltica across the river Neris in Lithuania. Infrastructure manager LTG Infra is clarifying and adjusting the provisions for the complex project after remarks from the earlier tender. The new bridge with an estimated value of 5.8 billion will be part of a new railway between Kaunas and the Lithuanian-Latvian border. The construction of a railway…

Enjoy a summer of spectacular music in two of Latvia’s most beautiful cities

Tuesday, March 16, 2021

The Riga Jurmala Music Festival is back for 2021, featuring artists from around the world including Yuja Wang, Truls Mørk and Renée Fleming Consisting of 20 concerts spread across four weekends in July, August and September, the annual Riga Jurmala Music Festival is a much-anticipated event where classical music lovers can revel in world-class performances. This summer, each three-day weekend will be anchored by a leading international orchestra and conductor.…

Latvia suspends use of AstraZeneca vaccine

Tuesday, March 16, 2021

Latvian health authorities said Monday they were temporarily suspending the use of AstraZeneca’s Covid-19 vaccine, following the lead of other countries to have paused rollouts over blood clot fears. Latvia’s “health authorities are asking doctors not to use the opened vials of the AstraZeneca vaccine and not to open new ones,” the Baltic state’s health agencies said in a joint statement. They said they were halting the use of the…

Ukrainian World Congress expels Association of Ukrainian Societies in Latvia

Tuesday, March 16, 2021

On March 13, the Board of Directors of the Ukrainian World Congress (UWC) expelled the Association of Ukrainian Societies in Latvia (AUSL) from its ranks as the Association’s activities demonstrate an anti-Ukrainian stance that contradicts the basic principles and values of the UWC. “This is the first time the UWC has made such a decision in its more than 50-year history. AUSL was one of three member organizations from Latvia.…