Thu, 12 Nov 1998: Banks grapple with reserve figures…

17.It is not so, said Alina Jurane, Rigas Komercbanka spokeswoman. Figures don't lie, but interpretations differ, she said. "The Bank of Latvia by its requirements arrives at their prognosis and w...

Thu, 12 Nov 1998: Energy deal all but inked…

All that remains is the Lithuanian Parliament's expected stamp of approval to seal the deal. The American firms of the Stanton Group, Siguler Guff and Company, CalEnergy and Duke Engineering, whic...

Thu, 5 Nov 1998: Lithuania firm on its interests in joining WTO…

Lithuania is making fewer concessions, so it will become a WTO member a bit later but under better conditions.Foreign Vice Minister Algimantas Rimkunas, who is the main Lithuanian negotiator for W...

Thu, 5 Nov 1998: Lithuania considers competition, EU chances…

A group discussion was held Oct. 30 in which participants were encouraged to openly discuss and present their views on Lithuania's integration with the EU, the competition law and the idea of comp...

Thu, 5 Nov 1998: Earnings of the listed and to-be-listed companies…

ä The AS Fakto car dealer group reported a consolidated net profit of 4,264,000 kroons, or 71 percent of the year's profit target, for the period January-September. Year on year, Fakto's profit de...

Thu, 5 Nov 1998: Stock markets: weekly report (October 27 - NovemberÊ2)…

Last week the G-7 countries announced significant support for emerging markets.Another positive sign was the stabilization of interest rates on the interbank market in Latvia. In Estonia interbank...

Thu, 5 Nov 1998: Narva shops almost broke…

, which owns 12 groceries in Narva, told the paper she is in despair. "Because of the Ivangorod market, our turnover declined by one-fourth in September and October," she said.Lauri Pastak, head o...

Thu, 5 Nov 1998: Summed up…

According to the bill proposed by the committee, the excise tax will depend on the alcoholic beverage's strength. Beer with a 4.7 percent alcohol content will be taxed 2 kroons ($0.15) per liter, ...

Thu, 5 Nov 1998: Free port status proposed for Klaipeda …

Upon being brought into the zone, goods would not need to be declared and submitted to customs to carry out formalities, and inventory could be carried out on the basis of transportation documents...

Thu, 5 Nov 1998: Foreign investments mend Toleram Fiber…

21.The IFC agreed to make available $20 million - $5 million invested and a loan of $15 million - thrown into the pot with $10 million from Singaporean Toleram Group and a $2 million investment ...

Thu, 5 Nov 1998: Kawe Plaza sets the pace for others…

The construction of the seven-story building started in 1997, a year after one of the most expensive land lots at the side of the Freedom Square was privatized. The Kawe Plaza got its name from th...

Thu, 5 Nov 1998: Aldaris brews on in a bruised economy…

In 1992, Scandinavian group Pripps Ringnes Hartwall bought a major stake in the company, as well as in Lithuania's Kalnapilis and Estonia's Saku. All three have benefited from the deal through mod...

Thu, 5 Nov 1998: Russia will ship oil through Butinge…

Also present at the meeting were senior officials of the Russian Neft oil industry control center, Transneft company and Druzhba pipeline of Novopolotsk, the daily Respublika writes.The initiative...

Thu, 5 Nov 1998: Changes in phone contract on the table…

By accepting membership in the 132-country association, Latvia agrees to end the Lattelekom monopoly in 2003. EU and Latvia are still locked in courtship.Latvia's people own 51 percent of the phon...

Thu, 5 Nov 1998: Consortium moves in on stevedoring company…

With five competitors originally wrangling for the prize, some merged to increase their chances of victory. The consortium which won through to the negotiation round consists of Viachema, the Dutc...

Thu, 5 Nov 1998: Regulations to cut meat and dairy imports…

France is among the countries that have thus far failed to submit a list for the Agriculture Ministry's approval. "The EU regulations on imports are very strict. Only six Latvian milk processing c...

Thu, 5 Nov 1998: Insurance companies looking for strategic investors …

Though talks have been going on for a while, the recent economic problems have made the issue more urgent. "Everybody's talking to everybody right now," he said. Insurance companies Eesti Kindlust...

Thu, 5 Nov 1998: Job losses hard to pin down…

A lot of enterprises have two forms of bookkeeping. Businesses say it is impossible to work with official books, because it would mean bankruptcy in the future."Some companies have already had to ...
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