Posts published in Day: June 9, 2021

Latvia has joined the gateway of the EU Digital Covid Certificate

Wednesday, June 9, 2021

The certificate is a proof that the holder has been vaccinated, has a negative Covid-19 test or has recovered from Covid-19, and the information in a form of QR code can be checked in another country. Currently information exchange can be held with those countries that also have joined – Bulgaria, Croatia, the Czech Republic, Denmark, Germany, Greece, Lithuania, Poland and Spain. The certificate will be issued by public authorities,…

Unemployment in Latvia

Wednesday, June 9, 2021

At the end of May this year, the registered unemployment rate in Latvia reached 7.6 percent of the economically active population. At the end of May 2021, there were 68,765 people registered with the State Employment Agency as jobless. At the end of May, the lowest registered unemployment rate was still in Riga region – 5.7 percent. The highest registered unemployment rate remained in Latgale region – 15.9 percent. The…

Spain youngsters impress in Lithuania rout

Wednesday, June 9, 2021

Spain’s youngsters put on a stunning display as they dispatched Lithuania 4-0 at the Estadio Municipal Butarque on Tuesday night. With the entire senior squad in isolation following Sergio Busquet’s positive COVID-19 test, the side led by Luis de la Fuente certainly made up for their absence with two goals in either half to cap off a wonderful performance. Spain’s pressure from kick off was rewarded after just three minutes,…

All parcels arriving from outside the EU must be declared from July 1

Wednesday, June 9, 2021

Due to a European Union tax amendment, all shipments arriving from third countries must be declared and value-added tax (VAT) must be paid on them from July 1. The tax amendment is also valid for goods that were purchased before July 1 but arrive after said date, Estonian state-owned postal service and logistics company Omniva said on Wednesday. Taxation is based on whether the goods are registered as having arrived in…

The fate of a planned oil shale refinery in eastern Estonia has no bearing on European Union fair transition support

Wednesday, June 9, 2021

The fate of a planned oil shale refinery in eastern Estonia has no bearing on European Union fair transition support, which is instead primarily predicated on those countries, like Estonia, facing tough times in their transition away from the sector to greener energy, European Commissioner Kadri Simson says. “No plan gets approved or rejected according to any mechanical criteria; everything is a matter of argumentation. The commission’s position is that…

Baltic states call for greater support for Ukraine, Georgia ahead of NATO summit – Nauseda

Wednesday, June 9, 2021

Lithuanian President Gitanas Nauseda has said that the Baltic states held consultations and agreed on the need for stronger support for Ukraine and Georgia ahead of the summit of NATO leaders. According to Ukrinform, Nauseda announced this on Twitter. “Lithuania, Estonia, Latvia coordinate closely ahead of NATO Summit. We must ensure credible deterrence, continue investing in our defence & contribute to the Alliance’s continued adaptation (NATO 2030). Baltics are united…

Bank of Lithuania revokes licence of Wirecard scandal FinTech

Wednesday, June 9, 2021

Lithuania’s central bank has revoked the licence of UAB Finolita Union, which is suspected to have stolen over €100 million from Wirecard weeks before the company collapsed. The move comes nearly a month after EU lawmakers urged Lithuania to tighten its financial oversight after it was revealed that the Vilnius-based FinTech was involved in the scandal. The Bank of Lithuania said that having completed an investigation started in autumn, it…

Latvia: Figures suggest big boost in foreign trade during April

Wednesday, June 9, 2021

Provisional data published June 9 by the Central Statistical Bureau show that in April 2021 the foreign trade turnover of Latvia amounted to EUR 2.72 billion, which at current prices was 39.6 % larger than a year ago, of which the exports value of goods was 33 % higher, but imports value of goods – 45.7 % higher. In April Latvia exported goods in the amount of EUR 1.25 billion,…

State paid €122 million in agricultural support in 2020

Wednesday, June 9, 2021

€122 million in rural support was paid by the state in 2020,. Rural affairs minister Urmas Kruuse (Reform) said: “The status of support allocations and disbursements shows that there is great interest in the measures of the development plan and the support is directed to the areas important for both agriculture and rural development.” As of the end of 2020, support had been granted for a total of €833 million…

Latvian universities fall in world rankings

Wednesday, June 9, 2021

Three Latvian universities – Rīga Technical University, Rīga Stradiņš University and the University of Latvia – have made it on the QS World University Rankings 2022 list published June 9 but their results compared to previous years are not splendid. Last two years the  University of Latvia   ranked in the 801-1000 place bracket, but dropped this year to the 1001-1200 group. Its highest ranking came in the 2017 rankings, when it was ranked…