Brussels allows only minimal aid for businesses hit by Russian sanctions
Thursday, August 14, 2014
The European Commission allows Lithuania to provide only small aid to its food producers hit by Russian sanctions. However, the EC will separately assess the country's situation, the Lithuanian Agriculture Ministry said on Thursday.
One of Lithuania's major dairy producers Pieno Žvaigždės says that import restrictions to Russia do not pose a threat to the company's existence, but they will have a negative impact on its profitability.
Lithuania’s exports of agricultural and food products to Russia fell by nearly 6 percent in the first half of this year to 2.353 billion litas (EUR 682m), from 2.504 billion litas in the same period last year, data made available by Statistics Lithuania shows.
In wake of Russia's embargo on dairy imports from Europe, Latvia's Food Union food group will reduced the price of its dairy products for the local market by up to 30%, with the aim of selling more of its products in Latvia and supporting Latvian farmers, writes LETA.
Speaker of the Lithuanian Seimas Loreta Graužinienė says she has reservations about cutting value added tax (VAT) rate for vegetables and meat. According to the head of Parliament, only retailers would benefit from VAT rate exemptions, while producers and consumers would not.
The Vilnius City Council decided on Tuesday to turn to the Stockholm arbitration for compensation of damages caused by the French concern Veolia and its company Vilniaus Energija during lengthy lease of the city's heating sector after they disagreed with the claim of about 200 million euros filed by the city.
Lithuania has joined Poland's appeal against the European Commission's decision to give Russia's Gazprom more capacity on a branch of the Nord Stream gas pipeline in Germany, with the government saying that Brussels' move may increase Europe's dependence on Russian gas and harm Ukraine.
As the European Union is reinforcing its border controls from April 7 to enhance security, all people entering or leaving the EU, including citizens of the bloc's member states, will have their documents checked against various registers and databases on lost and stolen documents, the daily Lietuvos Žinios reported on Thursday.
MEP Antanas Guoga is the only member of the European Parliament and Lithuanian to be included in the TOP 200 list of Philanthropists and Social Entrepreneurs, compiled by the positive content portal Richtopia. The top of the list includes entrepreneurs Buffett, Soros Musk, Gates, Branson, Rowling and others.