Posts tagged as take

Tax revenues to take 1.5-billion-euro hit

Wednesday, April 29, 2020

A meeting of the Latvian Cabinet of Ministers on April 28 approved initiatives from various ministries aimed at aiding the financial recovery from the global recession that seems inevitable as a result of the COVID-19 crisis.  Downtime wages The Cabinet supported an Economics Ministry proposal to allow employers to apply the Labor Law more flexibly and pay 70 percent of wages in case of downtime. According to the present law, employees have to…

Doctors and firefighters take to the streets in the Baltics

By Lukas Ramonas on Monday, November 25, 2019

The past few weeks in the news from the Baltic States have been particularly troubling. Lithuanian firefighters protested against poor financing of the fire and rescue service outside the Lithuanian government building. Meanwhile, doctors continue to protest against medical staff low salaries in Latvia. Thus, Lithuanian firefighters forced to talk about themselves after a fire in a store in the city of Alytus. Authorities said the fire was extinguished. But…

New CEO to take over at Swedbank Oct. 1

Saturday, September 21, 2019

Swedbank’s new CEO, Jens Henriksson, is to take up his appointed position on Oct. 1. Swedbank’s supervisory board appointed Henriksson its next president and CEO at the end of August. Current acting CEO Anders Karlsson will resume his former position as CFO as of October, the bank said on Friday. On March 28, Swedbank dismissed then-CEO Birgitte Bonnesen over her handling of a money laundering scandal. The day before Bonnesen’s dismissal,…

Pompeo says US not asking Asia to take sides

Thursday, August 1, 2019

U.S. Secretary of State Mike Pompeo said Thursday that Washington isn’t asking any Asian nation to take sides as it engages with the region where China is battling for influence and aggressively expanding territorial claims in the South China Sea. Pompeo hailed an Indo-Pacific engagement framework adopted by the leaders of the Association of Southeast Asian Nations in June, saying it supports sovereignty, transparency, good governance and a rules-based order…

Tech enthusiasts want to take Lithuania’s flag into space

Monday, August 13, 2018

Several technology enthusiasts will try to take Lithuania’s flag into the stratosphere on the occasion of the country’s independence centenary. Under the project, called “The Tricolor in the Space”, a weather balloon filled with hydrogen gas would take the flag up some 30 kilometers on Sep. 1 and the balloon will later collapse and safely land with the help of a parachute. The organizers plan to put photo and video…