Posts published in Day: July 16, 2021

Alexela Group posts 41.3 percent revenue loss in 2020, still turns profit

Friday, July 16, 2021

Energy Group Alexela Grupp has reported an over-forty-percent fall in revenue on year to 2020, the first full year of the pandemic, though it still turned a profit of nearly €12 million. The group’s fuel retailer subsidiary, Alexela AS, also reported profits. The company obtained a €37-million loan from the state last year, applied for in May and granted in October, which it said it needed to mitigate the worst…

Telecoms firm Elisa reports Q2 revenue up 8.4 percent

Friday, July 16, 2021

Telecoms provider Elisa Eesti as reported revenue of €46.7 million for the second quarter of 2021 (Q2 2021), up 8.4 percent on the corresponding period last year. Elisa Eesti is the Estonian subsidiary of the Finnish group of the same name. The company says it also enjoyed the highest number of contracts over the past four years, in Q2 2021, at 23,500 – a rise of 4.1 percent. The company’s…

Swedbank profits up €1.6 million on year to first half of 2021

Friday, July 16, 2021

Swedbank Estonia has reported first half of 2021 profits of €89.2 million, a rise of a little under two percent on the same period last year. The increase in profit, of €1.6 million, was mainly the result of increased income for the bank. Olavi Lepp, Swedbank AS CEO, said: “Restrictions related to the COVID-19 pandemic were eased in the second quarter of 2021”. “Although confidence among consumers and companies in…

Value-based approach: Lithuanian scientists provide insights into migration culture

Friday, July 16, 2021

Migration has been a pressing issue in Europe for several years now, and recently it has posed new challenges. The surge of migrants on the border of Lithuania and Belarus, the increase in refugees trying to reach Europe from north Africa and various incidents related to illegal attempts to cross borders, are calling for new insights on the issue, according to a press release from the Kaunas University of Technology.…

More freedoms for vaccinated people in Lithuania, if lockdown was needed again – minister

Friday, July 16, 2021

Vaccinated people would have more freedoms in Lithuania, if a new lockdown was needed in the country, Health Minister Arunas Dulkys says. “We are now at a stage where we have no right to ignore a half of Lithuanian residents who are vaccinated and they also have the right to raise the issue that the same measures cannot be used. We want to live a normal life,” the minister said…

Sidnejs the wallaby remains at large in Liepāja

Friday, July 16, 2021

Wallaby Sidnejs (Sydney), who hopped off into the wild from a mini-zoo near Liepāja two weeks ago, is still at large, his former keepers at the Atomi told LSM July 16. As  LSM already reported,   on July 2, Sidnejs had set his sight on the gate lock, which some visitors had allegedly meddled with, flew right through it, and headed straight down the highway toward Liepāja. Though groups of volunteers were assembled for…

Number of “yellow list” travel countries increases to 13

Friday, July 16, 2021

The updated list of epidemiological requirements for arrivals into Latvia from other countries was published July 16 and includes 13 European countries on the list of those deemed to have a “high public health threat”. They are: Cyprus, Spain, Andorra, Portugal, the Netherlands, Luxembourg, Greece, Ireland, Monaco, Malta, Denmark, Belgium and former EU member state the United Kingdom. The classification system rates travel to each country as low (green), high (yellow) or very…

Covid case total increases by 46 in Latvia

Friday, July 16, 2021

On Friday, July 16, Latvia reported 46 new cases of Covid-19 infection, according to the Disease Prevention and Control Center (SPKC). The total number of cases detected since the start of the pandemic now stands at 138,087. Of 7,678 tests carried out in the past 24 hours, 0.6% were positive, consistent with the rate over the last two weeks. The 14-day cumulative infection rate per 100,000 inhabitants ticked up slightly from 28.6 Thursday to 28.9 Friday, still just above…

Rīga trash dispute settled; municipality to pay half a million in penalty

Friday, July 16, 2021

The Competition Council (KP) has signed a settlement with Riga City Municipality and the company “Getlini EKO” in the two-year-old waste management dispute regarding the distortion of competition, KP said July 16. In September 2019, in Rīga, it was planned to change the waste manager – in place of four companies, the waste would be managed by  Tīrīga , to which the Riga City Council had planned to entrust the work for…

Diplomatic relations established between Latvia and Guinea-Bissau

Friday, July 16, 2021

On 14 July 2021 in New York, a joint communication was signed on the establishment of diplomatic relations between the Republic of Latvia and the Republic of Guinea-Bissau, further narrowing the list of countries with which Latvia does not enjoy diplomatic relations. For Latvia, the communication was signed by the Permanent Representative to the United Nations, Ambassador Andrejs Pildegovičs, and for Guinea-Bissau, by the Permanent Representative to the United Nations, Ambassador…