The ministries, central banks, crisis resolution institutions and financial supervision authorities of the Nordic and Baltic countries have signed a cooperation agreement of mutual understanding on the organization of cooperation concerning cross-border financial stability.
Archives for Estonia
The next budget of the EU has to guarantee better connections, a more balanced development and well-being of regions, fairer direct support to farmers, and funding for dealing with migration and security issues, Estonian Prime Minister Juri Ratas, his Latvian counterpart Maris Kucinskis and Lithuanian President Dalia Grybauskaite said in a joint address to their EU colleagues.
The ministries, central banks, financial supervision authorities and crisis resolution institutions of the Nordic and Baltic countries have signed a cooperation agreement of mutual understanding on the organization of cooperation concerning cross-border financial stability. The parties of the signed cooperation agreement include Estonia, Latvia, Lithuania, Finland, Sweden, Denmark, Norway and Iceland.
Estonian listed shipper Tallink Grupp and Finnish maritime innovator Fleetrange Ltd have entered into an agreement to provide Tallink's 13 vessels with a real-time Internet of Things powered operational awareness solution designed for instant sharing of operational information between ships and shore organizations.
The European Commission's latest economic forecast says that Latvia's gross domestic product will increase 3.5 percent this year, or more than in Lithuania or Estonia. The Commission's forecast released February, 7 also says the Commission expects Latvia's economic development pace to slow down to 3.2 percent next year.
About the Index of Economic Freedom 2018 The principles of economic freedom are measured in the Index of Economic Freedom, an annual guide published by The Heritage Foundation, Washington’s No. 1 think tank. For over twenty years the Index has delivered thoughtful analysis in a clear, friendly, and straight-forward format. The Index covers 12 freedoms – from property rights to financial freedom – in 186 countries. The 2018 Index measures economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom: Rule of Law (property rights, government integrity, judicial effectiveness) Government Size (government spending, tax burden, fiscal health) Regulatory Efficiency (business freedom, labor freedom, monetary freedom) Open Markets (trade freedom, investment freedom, financial freedom) Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each. Rank Country Overall Change Mostly free 7 Estonia 78.8 -0.03 16 Georgia 76.2 +0.2 19 Lithuania 75.3 -0.5 28 Latvia 73.6 -1.2 Moderately free 67 Azerbaijan 64.3 +0.7 78 Kyrgyzstan 62.8 +1.7 41 Kazakhstan 69.1 +0.1 44 Armenia 68.7 -1.6 Mostly unfree 105 Moldova 58.4 +0.4 106 Tajikistan 58.3 +0.1 108 Belarus 58.1 -0.5 150 Ukraine 51.9 +3.8 152 Uzbekistan 51.5 -0.8 Repressed 169 Turkmenistan 47.1 -0.3 Source
The World Energy Council’s definition of energy sustainability is based on three core dimensions – energy security, energy equity, and environmental sustainability. Together, they constitute a ‘trilemma’, and achieving high performance on all three dimensions entails complex interwoven links between public and private actors, governments and regulators, economic and social factors, national resources, environmental concerns, and individual behaviors.
The Estonian bank LHV is opening a branch in London. The UK Financial Conduct Authority has granted the bank approval and the financial institution will now register an entity at Companies House.
The Parliamentary Assembly of the Council of Europe is meeting on January 25th in Strasbourg to discuss the report on Estonia, which highlights the country's achievements in e-governance and cyber defense.