Posts published in Day: October 6, 2021

Electricity prices reach historic high, again

Wednesday, October 6, 2021

The price of electricity in Estonia’s bidding zone of the Nord Pool market reached an historic high for Thursday of €178.4 per megawatt-hour. This represented a 67.3 percent rise on the previous day, BNS reports, and outstrips the previous all-time record of €160.36 per MWh, set just three weeks ago, on September 15. Prior to 2021, the daily average highest price was €124.77 per MWh. In Latvia and Lithuania, prices…

Latvia’s first Western hits the silver screen

Wednesday, October 6, 2021

October 6 brings the premiere of what is claimed to be Latvia’s first ever Western movie – or to be more accurate, its first ever Eastern movie. “Wild East. Where the trail leads”  promises a distinctly Latvian spin on the definitive American film genre, complete with horses, hats and six-guns. “This will be a very powerful and dynamic cinematic experience that I want to bring to the audience. I have been interested in…

Estonia ranked among world’s top startup ecosystems

Wednesday, October 6, 2021

The recently published Global Startup Ecosystem Report 2021 ranks Estonia as the world’s sixth emerging startup ecosystem. The report, covering 275 startup ecosystems from around the world, has highlighted Estonia’s market reach as its strongest feature. Minister of Foreign Trade and IT Andres Sutt (Reform) attributes the high ranking to the proactive attitude of Estonia’s booming startup community. “Tapping into growth potential is an integral feature of startups. Estonia is large…

Unions, employers agree to raise minimum wage in Estonia

Wednesday, October 6, 2021

Minimum wage will rise to €654 next year – an increase of €70 – and the hourly wage will rise to €3.86, unions and the Employers’ Confederation agreed on Tuesday. Under the agreement, the minimum wage will rise by 12 percent to 39.5 percent of the average wage estimate by the central bank for 2022. The agreement was signed by the Estonian Employers’ Confederation and the Estonian Trade Union Confederation (EAKL).…

Vilnius to host a high-level seminar on EU Eastern Partnership

Wednesday, October 6, 2021

On October 7-8 Vilnius will host a high-level seminar on the prospects of the European Union Eastern Partnership policy in security and defence domain. The event is co-organized by the European External Action Service (EEAS) Ministry of National Defence, Ministry of Foreign Affairs, and the General Jonas Žemaitis Military Academy of Lithuania. The seminar will address policy priorities of the EU Eastern Partnership ahead of the EU EaP Summit in…

Rīga East Hospital to limit services

Wednesday, October 6, 2021

RAKUS board member Haralds Plaudis  said at the meeting of the Saeima Social and Labour Committee October 6I, that i view of a large number of Covid-19 patients and an expected increase, the Riga East Clinical University Hospital (RAKUS) will discontinue daily hospital services and part of scheduled operations as of next Monday, RAKUS board member Haralds Plaudis, said at the meeting of the Saeima Social and Labour Committee October…

Lithuania corruption body: Online-only licences create uneven playing field

Wednesday, October 6, 2021

Lithuania’s state anti-corruption body has warned that a new bill to allow for online-only gambling licences would create a “more favourable” environment for online operators than their land-based equivalents. The Special Investigation Service of the Republic of Lithuania – the country’s anti-corruption body – examined the bill to amend Lithuania’s gambling law, as well as an accompanying bill to amend its tax laws. The bill was approved at the first reading by…

Historically highest electricity prices recorded in Latvia

Wednesday, October 6, 2021

According to information published October 6 by JSC Augstsprieguma tīkls  (High Voltage Network), in September, electricity prices in Latvia were the highest since the electricity market opened, . For the first time ever, the average price was three-digit, reaching EUR 123.5 per megawatt-hour. This is more than three times higher than in September 2020, and 41.4% higher than in August of this year. Electricity prices have also increased significantly elsewhere in Europe…

Why Lithuania must do more to reduce CO2 emissions

Wednesday, October 6, 2021

Lithuania must develop a coherent roadmap for the transition to net zero that specifies the role of transport, says a new report from the OECD. Lithuania has significantly boosted its use of renewable energy and waste recycling but needs to do better in managing environmental impacts of transport and agriculture. Policies will also need to be strengthened considerably for Lithuania to reach its 2030 and beyond climate targets and to…

Clint Eastwood Wins $6M Award in CBD Lawsuit Against Lithuanian Media Company

Wednesday, October 6, 2021

Clint Eastwood has notched a million-dollar victory in the his lawsuit over a foreign media company’s unsanctioned use of the actor’s image in pro-CBD advertisements. U.S. District Court Judge R. Gary Klausner awarded Eastwood, now 91 years old, and Garrapata — the company that owns the trademark rights to Eastwood’s likeness — more than $6 million in a default judgment Friday. According to the complaint, Mediatonas UAB, a Lithuanian media company, created a “fabricated…