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August 28 2013

Lithuania says its questions about Russia's Kaliningrad NPP remain unanswered |

Lithuania says its questions about Russia’s Kaliningrad NPP remain unanswered |

Lithuania said on Tuesday that Russia had not yet provided answers to important questions about its Kaliningrad nuclear power plant project.

These unanswered questions include how adequate cooling of the reactor will be ensured given that the site is 10-12 kilometers from the River Nemunas and what impact this will have on the river basin, and why findings of the seismic hazard analysis are based on the evidence gathered in 1983 and 1999 and why the 2004 earthquake was not taken into consideration, the Lithuanian Foreign Ministry says in a press release.

#lituanie #pays_baltes #russie #kaliningrad #nucléaire

July 09 2013

*Latvia gets Ecofin nod to become 18th eurozone member* Now it is officially - Latvia is going to…

Latvia gets Ecofin nod to become 18th eurozone member
Now it is officially - Latvia is going to be the second Baltic state which introduces euro. Estonia joined eurozone already in 2012, but Lithuania is planning to do it in a few years.

EU finance minsters have rubber-stamped Latvia’s application to become the 18th country to use the euro.

The application for membership had earlier been approved by the European Commission and European Central Bank.

The exchange rate has been set at 0.702804 lats to one euro, and euro notes and coins will be issued in Latvia on 1 January, 2014.

Latvia is keen to strengthen ties with western Europe and reduce its dependency on Russia.

The country has met the criteria for euro membership, including low inflation and long-term interest rates, as well as low public debt.

Latvia underwent one of Europe’s toughest austerity programmes after the 2008-09 financial crisis knocked a fifth off its GDP.

It received a 7.5bn euro bailout in 2008, but it has now repaid the loans.

"Ecofin has taken final decision approving Latvia’s euro membership from 2014,’’ the EU’s current Lithuanian presidency announced via its Twitter account,

As he entered the Ecofin finance ministers’ meeting earlier on Tuesday, Latvian Finance Minister Andris Vilks said it was a "symbolic day’’.

#Eurozone #Euro #Latvia

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