scholarly journals Assessment of the dynamics and forecasts of mergers and acquisitions in the Baltic States

Author(s):  
Kristina Garškaitė-Milvydienė

In terms of corporate merger and acquisition (M&A) deals, the year 2018 was an exceptional year for the Baltic States, with the highest number of deals in the region over the past few years. However, not only were their numbers increasing, but also their value, which increased compared to previous years. Based on the latest data available, the article analyses and forecasts the Baltic M&A market and its trends. The main purpose of the paper is to ascertain the situation in the area of mergers and acquisitions, identify the sectors with the largest number of such deals and trends of mergers and acquisitions

Author(s):  
Przemysław Furgacz

After the landmark annexation of Crimea and eruption of hybrid war in the Donbas, some states that in the past used to be under Soviet domination began to ask their stronger NATO allies for increased military presence in the Alliance Eastern flank. The worsening security environment in the Eastern Europe, the fear against potential swift Russian incursion, the relative weakness of Eastern European armies, the significant strategic exposure of the Baltic states, these factors influenced the Alliance's decision to augment NATO military presence in the states bordering Russia. Actions like deployment of additional battalions, prepositioning of heavy military equipment, intensified joint multinational military drills are intended to reassure the most vulnerable NATO member states and to deter Moscow from taking too audacious and too assaultive measures. The author shortly describes the actions NATO has made since 2014 in order to strengthen its military presence in the Eastern flank with particular emphasis on U.S.-enhanced forward presence in the region.


Author(s):  
Lauri Ojala ◽  
Cesar Queiroz

A brief outline of the restructuring of the freight transport sector in the three Baltic States (Estonia, Latvia, and Lithuania) is provided that focuses on the provision of logistics and freight-forwarding services in international transport and trade. The three countries have made significant progress in all areas of the transport sector in the past 10 years. During this period the private sector has taken over a large part of the transport sector. Despite the very positive development, continued efforts are needed to improve the transport sector further. Issues pertaining to national legislation are recognized to be of high priority in all three countries, but cooperation in customs issues between countries of the Commonwealth of Independent States is problematic. Also delays in border crossings, especially to and from Russia and Belarus, appear to be a common and persistent problem in the Baltic States. The general transport-supporting services and the performance of customs have improved substantially during the past decade. Entry of foreign operators, especially in international road-based transport and logistics services, has restructured the logistics market profoundly. It can be argued that the efficiency of the industry and the overall quality of services have improved substantially.


Significance In line with such concerns, Estonia held a large military exercise, Hedgehog, on May 4-15, involving 13,000 troops. On May 6, Lithuania launched Lightning Strike, a military exercise involving 3,000 troops in a simulated defence of the country's new liquefied natural gas (LNG) terminal at Klaipeda. In December, Latvia said Russian submarines had approached its maritime borders more than 50 times in the past year. However, Russia's more overt activities also pose a major risk to the Baltics. Impacts Russian intelligence will continue to target not just Baltic secrets but, through them, NATO and EU ones. Russian operations will aim to create division by playing on discontent within sizeable ethnic Russian minorities who feel marginalised. NATO will increase the rate and size of Baltic drills to reassure the Baltic states.


Author(s):  
Laura Platace

Apstākļos, kad valda ģeopolitiskais saspīlējums starp Rietumvalstīm un Krieviju, un apsteidzošas informācijas iegūšanas sāncensībā aktuāli kļūst spiegošanas un valsts nodevības noziegumi. Taču kopš neatkarības atjaunošanas Latvijā neviena persona nav notiesāta par spiegošanu. Spēkā esošais Krimināllikuma regulējums ir nepilnīgs un nepietiekams, lai aizsargātu nacionālās drošības intereses, jo Krimināllikums valsts nodevību par noziegumu neatzīst, līdz ar to spiegošanas tiesiskais regulējums ir novecojis un nav piemērots pašreizējai situācijai. The geopolitical environment once again has brought tension between the West and Russia, and in this on-going informational competition such crimes as treason and espionage become topical issues. Four people have been convicted of treason in Estonia over the past six years, while in Lithuania three criminal proceedings for espionage where initiated last year alone. It is a large number for the Baltic States, considering difficulties to prove the mentioned crimes. However, no one has been convicted of espionage in Latvia since regaining of independence. In the article the author compares the existing criminal law of the three Baltic States to discover and analyse possible theoretical as well as practical problems in applying liability for acts of treason and espionage in Latvia. The author proves that the Criminal Law of the Republic of Latvia is incomplete and insufficient to protect national security interests – the Criminal Law does not “recognise” treason as crime, and the legal regulation of espionage is outdated and unsuitable for the present situation.


2018 ◽  
Vol 12 (2) ◽  
pp. 115-138
Author(s):  
Jana Reidla

Abstract Traditionally, the curator’s work has been in close connection with the main functions of the museum - preservation, research, and communication. The changes that have occurred at museums over the past few decades have also influenced the profession of curator. Specialisation has taken place inside the museum, and so the curator’s functions have also changed. This article focuses on the curator’s field of work at national museums in Finland and in the Baltic states. The analysis is mainly based on interviews conducted with curators and other museum professionals at the Estonian National Museum, the Estonian History Museum, the National History Museum of Latvia, the National Museum of Lithuania, and the National Museum of Finland. Emanating from the PRC model provided by the Reinwardt Academy as well as the global changes induced by the new museology, the focus is on the curator’s connection with museum collections. The analysis shows that the curator’s role is not similar in all the museums under discussion; there are regional differences in structure, curatorial duties, and priorities. While at some museums the curator is regarded as a collection keeper who can also do some research, at others they are rather researchers and have only infrequent contact with collections.


2018 ◽  
Vol 4 (1) ◽  
pp. 15-23
Author(s):  
Jeremy W. Lamoreaux ◽  
Nicholas Dyerly

AbstractAs early as 1994, scholars, analysts and policymakers began to wonder the extent to which the Baltic States mattered in the relationship between Russia and the West. The general consensus for the following 20 years was that the Baltic States matter considerably, especially following their inclusion in both the EU and NATO in 2004. However, in the past few years two trends have emerged which begin to call this accepted knowledge into question. First, the relationship between Russia and the West has turned more hostile following nearly 20 years of detente. The West insists (especially NATO) insists that it is within its right to protect states that were formerly part of the Soviet Union/Russia’s “near abroad”. Russia, on the other hand, insists that NATO incursion into the “shared neighborhood” is a violation of trust and overstepping normal geopolitical bounds.Second, the Baltic States who once presented something of a united front for the West against Russia, no longer appear to have a common approach to foreign policy. While Estonia leans toward Scandinavia, and Lithuania leans toward Poland and Ukraine, Latvia is a bit of an odd man out with nowhere to turn. Furthermore, even other states in the Shared Neighborhood no longer seem to see Latvia as a valuable ally within the West. Considering this state of affairs, this paper considers whether Latvia matters anymore in regional geopolitics, or whether they are losing relevance.


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