Posts published in March 2021

Latvian central bank becomes more upbeat on growth

Wednesday, March 31, 2021

Latvijas banka, the Latvian central bank (LB) revealed its latest macroeconomic predictions March 30. Central bank governor Mārtiņš Kazāks revealed a slight improvement in sentiment overall. In 2021, Latvia’s gross domestic product (GDP) is expected to grow by 3.3%, and in 2022 at almost twice that rate at 6.5%. Previous    forecasts   made in    December   predicted 2.8% growth this year, and 5.3% in 2022. Due to the spread of Covid-19, Latvia’s GDP    decreased by 3.6%…

Estonia issues €400 million worth of short-term bonds

Wednesday, March 31, 2021

Estonia on Tuesday, March 30, auctioned €400 million worth of bonds with a term of 12 months. Seven dealers participated in the auction, it appears from the framework of short-term bonds of the Ministry of Finance. The average yield to maturity was -0.441 percent, the highest yield with which the bonds were allocated was -0.43 percent. The framework of short-term bonds established by a directive of the minister of finance…

Latvia: Independent Saeima Deputy the centurion in Saeima speaking stakes

Wednesday, March 31, 2021

Independent Saeima Deputy Jūlija Stepaņenko cruised to victory in the undeclared but keenly-contested race to be the most frequent Saeima speaker during the winter parliamentary session, notching up an incredible 100 visits to the virtual podium, according to statistics released by the Saeima March 29. Second place was claimed by Viktors Valainis of the Greens and Farmers Union (speaking 87 times), Ivars Zariņš of the Harmony faction managed 56 times (  …

Lithuanian Armed Forces buy new pistols instead of vaccines

By Vairis Godmanis on Tuesday, March 30, 2021

During the struggle against the terrible consequences of the COVID-19 pandemic and ensuing consequences in the national economy, the Lithuanian Ministry of Defense bought a batch of new firearms to finally abandon the pistols of different caliber. The Armed Forces of Lithuania has already passed the first batch of German pistols HK SFP9 SF Paddle. This was reported by the press service of the Lithuanian Ministry of Defense. Lithuanian servicemen…

Lithuania’s parliament OKs new PM, then closes due to virus

Tuesday, March 30, 2021

Lithuania’s parliament approved Tuesday conservative Ingrida Simonyte as the Baltic country’s next prime minister before shutting down for a week because of a recent COVID-19 spike in the country Simonyte, 46, will head a three-party center-right coalition after winning in a 62-10 vote in the 141-seat legislature, which is called the Seimas. Another 41 lawmakers abstained, and 28 others were absent mostly due to the coronavirus resurgence. The southernmost Baltic…

Belarus opens terrorism probe against opposition leader

Tuesday, March 30, 2021

Belarus authorities on Monday announced a criminal probe against the nation’s top opposition figure on charges of terrorism, a move that follows a sweeping police crackdown on protesters demanding the resignation of the country’s authoritarian leader. Belarus’ Prosecutor General Andrei Shved said his office has launched a criminal investigation against Sviatlana Tsikhanouskaya the top opposition candidate who challenged President Alexander Lukashenko in a presidential vote in August. Shved said in…

J&J to launch Covid-19 vaccine deliveries to Europe on April 19

Tuesday, March 30, 2021

US pharmaceutical giant Johnson & Johnson (J&J) said Monday it would start delivering its single-shot Covid-19 vaccine to Europe on April 19, giving the continent a boost as it struggles to speed up its vaccination drive. The European Medicines Agency (EMA) approved the J&J jab in mid-March, following approval of vaccines made by Pfizer-BioNTech, Moderna and AstraZeneca. Unlike the previously registered vaccines, it takes only one dose of the J&J…

AK: Tourism businesses’ state aid open to applications from Tuesday

Tuesday, March 30, 2021

Aid for the tourism sector totaling close to €10 million is available from Tuesday, ETV news show “Aktuaalne kaamera” (AK) reported Monday night. The support, channeled via state agency Enterprise Estonia, will provide direct subsidies to hotels and other accommodation businesses, restaurants and other catering outlets, and travel agents, as well as souvenir retailers and other tourism-related businesses affected directly by the ongoing coronavirus pandemic and its accompanying restrictions. As…

Don’t joke on payment forms, banks advise

Tuesday, March 30, 2021

April 1 may be almost upon us, but anyone in the mood for jokes on bank payment forms is being warned against it by the banks themselves. Jelena Novaka, Head of Private Communications at SEB, explained that when filling in the fields on a bank payment form “The purpose of a payment is not a place to joke, because sometimes it can be that the payment is important, and that purpose of…

Passenger carriers want resignation of Transport Minister

Tuesday, March 30, 2021

The Latvian Association of Passenger Carriers has sent a letter to Saeima, to Prime Minister Krišjānis Kariņš (New Unity), the Cabinet of Ministers, and President Egils Levits, in which the association expresses no confidence in Transport Minister Talis Linkaits (New Conservative Party). The letter, sent on March 25, says that the association no longer trusts the minister due to the Road Transport Administration’s procurement of public transport services on regional routes,…