ECs proposals of cutting the 2014-2020 financing would mean decreasing Latvias EU funding by about EUR 1bn, deputy FinMin Alexander Antonov told the press. He noted that the government believes these proposals to be inadequate and is going to defend its interests. The three Baltic States prime ministers, together with Hungary, signed a respective letter to EC. It is proposed to limit the amount of funding to 2.5% of the GDP. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more