Additional financial support is being available for micro-enterprises in Estonia and Lithuania that are facing some economic fallout due to present post-pandemic crisis. A new transaction between the European Investment Fund (EIF) and financial intermediary Finora Capital is expected to support at least 100 micro borrowers in these two countries. The long-term working capital loans […]
Category: Baltic States’ issues
The EU states are determined to formulate their recovery and resilience plans (RRPs)
National recovery and resilience plans (RRPs) are and will be implemented with the sufficient EU’s financial support through the European Recovery and Resilience Facility. The latter is a key instrument in the “NextGenerationEU” program, which is the European plan towards states’ stronger socio-economic recovery in the post-pandemic period. National RRPs should be duly reasoned and […]
Recovery assistance to the EU states: first beneficiaries
The REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe) package is one of the largest programs under new Next Generation EU financial instrument in the amount of € 47.5 billion. The package is additional to the EU’s cohesion allocations for 2021-27, making the EU Structural and Investment Funds the highest single-policy grant instrument […]
Food quality: the European priority
In 2019, following a European Citizens’ Initiative, the Commission adopted a proposal for a regulation on the transparency and sustainability of the EU risk assessment in the food quality and safety; at the end of March 2021, the regulation became applicable. The regulation marks an important step towards further modernisation of the EU food safety […]
Reminder for the Baltic States’ recovery plans
In September 2020, the European Commission published the Annual Sustainable Growth Strategy-2021 (ASGS-21), together with the strategic guidance for the implementation in the states of the Recovery and Resilience Facility (RRF). The ASGS-21 is a follow-up of the previous year’s strategy with four main guiding principles: sustainability, productivity, fairness and macroeconomic stability; these dimensions will underpin […]
New European external trade policy: integration’s perspectives and realities
The European Commission has set out a new vision of the Union’s future external trade strategy, which reflects a concept of open strategic autonomy contributing to the economic recovery through support for green and digital transformations. Besides, the strategy includes a renewed focus on strengthening global multilateralism and reforming world trade rules to ensure fair […]
Baltic States’ ratings in the world: sustainability, happiness and prosperity
Among numerous indexes by international organisations and expert communities, three are the most interesting resembling places the Baltic States occupy in the world: Global Sustainable Competitiveness Index, GSCI (made on a yearly basis by a consulting company SolAbility); Global Prosperity Index, GPI (prepared by the British research center Legatum), and World Happiness Report, WHR-2020 prepared […]
“Post-corona recovery”: Baltic States’ enhancing responsibility in priorities
All EU states, including those in the Baltic Sea area are facing with an urgent task of discussing and adopting the “post-pandemic” socio-economic policies. The latter have to be responsive to peoples’ needs and be oriented to optimal future growth strategies. Such a task requires adequate analysis of countries’ specific sectoral priorities and re-assessment of […]
EU and the Baltics: assisting in crisis
Present EU data shows that the pandemic shock is unprecedented; and so are the EU and the states’ measures in supporting affected economy sectors. Some states, e.g. Denmark take the EU’s support seriously…
Support for Latvian farmers
European Commission has approved Latvian scheme to support companies active in the primary agricultural production sector affected by the coronavirus outbreak in a volume of €1.5 million. Now it is the competence of Latvian authorities to evenly distribute the allowed support for most needed. In this way the EU assists the states in national support […]