The Baltics Today

Posts under ‘The Baltics’

Latvia and Lithuania register EU’s largest VAT collection deficits in 2012

An estimated EUR 177 billion in value added tax (VAT) revenue was lost in the European Union due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission. This equates to 16% of total expected VAT revenue of 26 member states, reports ...

SAS carried out 13,000 flights from Palanga airport in 10 years

Over ten years of business at Palanga airport, Scandinavian Airlines SAS operated almost 13000 flights. The first SAS airplane from Copenhagen landed at Palanga airport on November 1, 2004, and now the airline company operates 26 weekly flights between Danish capital and Palanga, informed BC the ...

Kyrgyz government is obligated to pay USD 16.5 mln in favour of Belokon

Today in Paris the Arbitration Tribunal has ordered that the Government of the Kyrgyz Republic has to pay Mr Valeri Belokon USD16.5 million. The award has come into force, it is final and binding and may not be challenged, reported BC Belokon Holdings.

airBaltic offers 4 new routes in winter

On October 26, the Latvian airline airBaltic enters the winter season with four new routes and improved service throughout the Baltic States, Scandinavia, CIS and the Middle East, informed BC Janis Vanags.

ECB sets minimum reserves for Lithuania

The European Central Bank (ECB) has set minimum reserves for banks in Lithuania, the Bank said on Friday, cites LETA/ELTA.

Erdogan in Latvian University: Turkey upholds human rights

People should not judge Turkey based on critical information posted in social media, Turkish President Tayyip Erdogan said during a lecture for students at the University of Latvia on Thursday, reports LETA.