Thu, 12 Nov 1998: Banks grapple with reserve figures…
Nov 12, 1998 Baltics
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...Tags: Baltic News Service, Bank Of Latvia, Circumspection, Depositors, Investments, Latvian Banks, Money, Prognosis, Russia, Spokesman, Spokeswoman
Thu, 12 Nov 1998: Energy deal all but inked…
Nov 12, 1998 Baltics
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...Tags: Baltic Nation, Belarus, Bridge, Calenergy, Consortium, Duke Engineering, Electric Energy, Electricity, Energy Deal, Importers, Last Spring, Lithuania, Lithuanian Parliament, Lucrative Markets, Parliament, Siguler Guff, Stamp Of Approval, Stanton Group, Western Europe
Thu, 5 Nov 1998: Lithuania firm on its interests in joining WTO…
Nov 5, 1998 Baltics
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...Tags: Areas Of Agriculture, Concessions, Export Subsidies, Geneva, Japan, Latvia, Lithuania, Multilateral Negotiations, Negotiation, Negotiator, Nov 2, Poland, Protocol, Vice Minister, Wto Member
Thu, 5 Nov 1998: Lithuania considers competition, EU chances…
Nov 5, 1998 Baltics
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...Tags: Competition Law, Ec, Economic Experts, Eu Enlargement, European Commission, Fast Track, Friedrich Naumann Foundation, Government Officials, Group Discussion, Insight, Integration, Lithuania, Oct 30, Participants, Point Of View
Thu, 5 Nov 1998: Earnings of the listed and to-be-listed companies…
Nov 5, 1998 Baltics
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...Tags: Assets, Car Dealer, Dealer Group, Earnings, First Nine Months, Kroons, Net Profit, Net Sales, Profit Target, Sales Turnover
Thu, 5 Nov 1998: Stock markets: weekly report (October 27 - NovemberÊ2)…
Nov 5, 1998 Baltics
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...Tags: Attractive Investment, Decisions, Emerging Markets, Interbank Market, Interbank Rates, Interest Rates, Investors, Latvia, Layoffs, Losses, Macroeconomics, October 27, Positive Changes, Rebound, Resolve, Stagnation, Stock Market, Stock Markets, Stock Report, Two Ways
Thu, 5 Nov 1998: Narva shops almost broke…
Nov 5, 1998 Baltics
, 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...Tags: Crossing The Border, Customs Officials, Despair, Foodstuffs, Groceries, Influx, Inspectorate, Kilograms, Kroons, Lauri, Money, Narva, Pensions, People, Personal Consumption, Shoulders, Turnover, Western Tourists
Thu, 5 Nov 1998: Summed up…
Nov 5, 1998 Baltics
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, ...Tags: Alcohol Content, Alcoholic Beverage, Buye, Excise Tax, Foodstuffs, Foreign Affairs Committee, Import Restrictions, Kroons, Liter, Producers, Russian Crisis, Wine, Wto Requirements
Thu, 5 Nov 1998: Free port status proposed for Klaipeda …
Nov 5, 1998 Baltics
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...Tags: Algis, Anchor, Attractiveness, Customs Officials, Economic Activities, Flo, Formalities, Free Borders, Free Port Zone, Free Trade Zone, Free Zone, Klaipeda, Transportation Documents, Transportation Minister, Warehouses
Thu, 5 Nov 1998: Foreign investments mend Toleram Fiber…
Nov 5, 1998 Baltics
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 ...Tags: Banking And Finance, Committment, Deg, Fiber, Finance Minister, Foreign Investments, Foreign Investors, General Economic Development, German Company, Ifc, Latvia, Mohan, Pot, Shot In The Arm
Thu, 5 Nov 1998: Kawe Plaza sets the pace for others…
Nov 5, 1998 Baltics
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...Tags: Ancestors, Architect, Cooperation, Facades, Factories, Freedom Square, Glass Facade, Glass Towers, Glass Works, Henno, Highest Quality, Investment Company, Karl Wellner, Kawe, Office Spaces, Pace, Quality Level, Singapore, Wh
Thu, 5 Nov 1998: Aldaris brews on in a bruised economy…
Nov 5, 1998 Baltics
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...Tags: Advent, Aldaris, Beers, Benchmarking, Cooperation, Economy, Free Trade Agreement, Hartwall, Kalnapilis, Latvia, Lithuania, Mineral Water, Modernization, Purchasing Power, Regional Competition, Russian Crisis, Stake, Vichy, Year Imports
Thu, 5 Nov 1998: Russia will ship oil through Butinge…
Nov 5, 1998 Baltics
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...Tags: Initiative, Investor, Lithuanian, Mazeikiu Nafta, Neft, Oil Industry, Oil Refinery, Oilmen, Pipeline, Respublika, Russia, Senior Officials
Thu, 5 Nov 1998: Changes in phone contract on the table…
Nov 5, 1998 Baltics
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...Tags: Cable Wireless, Communications Law, Courtship, Finland, Ifc, International Finance Corporation, Lattelekom, Latvia, Latvian Privatization Agency, Monopoly, Phone Contract, Phone Service Provider, Remainder, S Communications, Sonera, Telekom, Umbrella Agreement
Thu, 5 Nov 1998: Consortium moves in on stevedoring company…
Nov 5, 1998 Baltics
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...Tags: Businessman, Bv, Confederation, Consortium, Estonian Shipping Company, Europe, Industrialists, Negotiation, Rotterdam Port, State Assets, Victory
Thu, 5 Nov 1998: Regulations to cut meat and dairy imports…
Nov 5, 1998 Baltics
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...Tags: Agriculture Ministry, Countries, Export Regulations, Latvia, Meat Companies, Meat Exporters, Meat Processing, Milk Processing, State Secretary
Thu, 5 Nov 1998: Insurance companies looking for strategic investors …
Nov 5, 1998 Baltics
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...Tags: Chief Financial Officer, Consolidation, Doing Business, Economic Problems, Foreign Investors, Grupp, Insurance, Insurance Companies, Life Insurance, Polaris, Reason, Squeeze
Thu, 5 Nov 1998: Job losses hard to pin down…
Nov 5, 1998 Baltics
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 ...Tags: Bankruptcy, Bookkeeping, Doors, Job Losses, Layoffs, Lot, Nov 5, Official Books, Second Half, Service Director, State Revenue, Switches, Uncollected Accounts