Posts published in Day: May 6, 2021

Linnamäe group reports profits of over €300 million for year to April 2021

Thursday, May 6, 2021

Holding company MM Grupp, owned by businessman Margus Linnamäe, has reported yearly profits of over €300 million, the bulk of which has come from the progress of selling a major pan-Baltic advertising company. The group made losses on its pharmaceutical businesses, it says, the result of last year’s pharmacy reforms. The MM Grupp says total profits stood at €302 million across all sales. The bulk of this derived from the…

Lithuanian foreign policy is failed (Video)

By Kasparas Jankauskas on Thursday, May 6, 2021

Lithuania tends to be ambitious, desiring to become NATO’s main center in the Baltic region. In April Lithuania proposed NATO to provide a Membership Action Plan to Ukraine, thus allowing the country to become a member of the Alliance in future. As a mediator, Lithuania assumes overwhelming obligations to provide assistance to Ukraine for Ukraine’s entry into NATO. Lithuania will help Ukraine adapt to NATO standards, but despite Kiev’s loud…

Germany and defence

Thursday, May 6, 2021

Germany’s contribution to the defense of the European security order is essential, yet it remains highly controversial domestically. The German defense sector has become deeply fragmented and urgently needs restructuring to be able to deal with current and future threats. As it stands, political acceptance for and meaningful decisionmaking in German defense policy are often in short supply. The beginning of the next legislative period in September 2021 offers a…

One third of Latvians will not get the vaccine

Thursday, May 6, 2021

Survey conducted in mid-April by “Latvian Facts” shows that around a third of those surveyed will or have already got the jab, a third will definitely not get it, and a third have not decided yet, Latvian Television reported May 5. The study surveyed 1,003 Latvian residents aged 15 to 74. It shows that 12% of those surveyed have already got the vaccine, 24% say they will definitely get it, 30%…

Lithuania expecting first LNG cargo from Egypt

Thursday, May 6, 2021

Lithuanian LNG terminal operator Klaipedos Nafta (KN) said May 5 it expected its first-ever cargo of LNG from Egypt by the end of the week. LNG carrier LNG Fukurokuju is expected at the terminal on May 7, carrying an estimated 138,000 m3 of LNG from Egypt. Mindaugas Navikas, KN’s chief sales officer, said the market may be looking to Egypt to add diversity to the European energy market. “As the prices of LNG…

The Roop meet with the Lithuanian Prime Minister

Thursday, May 6, 2021

The Roop met with Lithuania’s Prime Minister, Ingrida Šimonytė ahead of their participation in Eurovision 2021. The Lithuanian representatives have met the nations Prime Minister ahead of travelling to Rotterdam this weekend. The Roop were recognised for their success across the country in the past year and for their contribution to the visibility and notoriety of Lithuania. In the Instagram post by The Roop, it was mentioned that “Discotheque” beat…

Latvian beef producers try to hit local market

Thursday, May 6, 2021

The Latvian beef sector is more export-oriented, and local beef can mostly be purchased directly from farmers. In order to expand in the local market, several farms have joined forces, Latvian Radio reported May 6. There are more than 80 cattle in the herd of Rencēni parish “Lizagro Ltd”. This farm is now one of ten members of the “Latvijas liellops” (Latvian cattle) cooperative. “The purpose of the co-op is to supply Latvian consumers…

Polish and Estonian presidents agree on military and energy security

Thursday, May 6, 2021

Polish President Andrzej Duda met with President Kersti Kaljulaid on Tuesday during the Estonian leader’s visit to Warsaw on occasion of the 230th anniversary of the May 3, 1791 Polish constitution. Their meeting concerned Central Europe and Ukraine’s security, as well as the situation in and surrounding Belarus. Duda noted that in addition to Kaljulaid, the presidents of Lithuania, Latvia and Ukraine also visited Warsaw to participate in the commemoration of…

Industrial production output rose by 4.7 % in Latvia

Thursday, May 6, 2021

Data published May 5 by the Central Statistical Bureau (CSB ) show that, compared to March 2020, in March 2021 industrial production output rose by 4.7% according to calendar adjusted data at constant prices. Production output increase was registered in manufacturing – by 3.8 %, in mining and quarrying – by 11.2 %, and in electricity and gas supply – by 7.4 %. In March 2021, compared to February 2021, according to seasonally adjusted data at…

Castles and manors try to adapt to pandemic-era tourist trade

Thursday, May 6, 2021

The pandemic has hit the cultural and entertainment sector hard, just as it has hit most other sectors. Therefore, new ways are being sought to allow tourists and others to spend time safely in these conditions at historic buildings. Representatives of several Latvian castles and manors are reorienting their cultural and entertainment offers by taking them outdoors. However, other cultural and historical sites have been forced closed to their doors to visitors. During the ongoing pandemic,…