Thu, 21 Oct 1999: Dial-a-Coke calls machines back to use…

The first such machine has already been installed and may be followed by 25 to 75 more if the idea catches on. The project is the result of cooperation between Coca-Cola Eesti and Estonia's larges...

Thu, 21 Oct 1999: ‘Blats,’ lats - many more for some execs…

That's 25,885 lats a month.The minimum wage in Latvia is 50 lats a month and the average wage, in Riga at least, is about 160 lats a month. It would take a teacher earning average teacher wages sl...

Thu, 21 Oct 1999: Railway privatization gaining more steam…

1, Hammalov said. Another contest to choose the second adviser will be held by the European Bank for Reconstruction and Development. Companies interested in winning the advisory role include Supre...

Thu, 14 Oct 1999: EU-Phare steps in to help Lithuanian exports…

One of Lithuania's best hooks to eventual membership in a future economic alliance could be strong domestic companies with a proven track record in Western Europe. For Gavin Jones, project directo...

Thu, 14 Oct 1999: Unemployment level in Latvia drops to 9.5 percent…

1 a total of 114,296 unemployed were registered in Latvia.. ...

Thu, 14 Oct 1999: Stock markets: weekly report (October 1 - 8)…

Deals with Norma stock generated 8.9 million kroons of turnover in the outgoing week.The week's biggest turnover of 10.7 million kroons was in Hansapank stock. The price of the shares rose by 0.66...

Thu, 14 Oct 1999: Baltic markets rebound…

If the results are in line with the pessimistic forecasts that have been made then the Lithuanian market could enter a long decline.The macroeconomic situation in Estonia is looking the best in th...

Thu, 14 Oct 1999: Summed up…

8 that eight Pirelli Key Point shops will be opened in Estonia and Latvia to compete with Bridgestone, which moved into Eastern Europe this spring.ESTONIA TO SELL TIMBER SURPLUS: Estonia's state ...

Thu, 14 Oct 1999: Cheap car costs bureaucrat his job…

"When Siim Kallas started working as a minister, he gave no permission to buy cars," said Daniel Vaarik, spokesman for the Ministry of Finance. "In spite of that, Peep Lass bought an Audi A6 in Ma...

Thu, 14 Oct 1999: From Belarus, with scads of cash…

"We literally jumped in the jeep, went down to the bank, pulled the money out after work, put it in our bags, and came up here to Vilnius and opened up a bank account," he said. A native of the U....

Thu, 14 Oct 1999: Good management pushes factories forward…

We had to keep up efficiency," Triin Kaasik, sales director, said. The coupon, which is handed out every morning, is worth five kroons ($0.35), good for a bowl of soup and a glass of milk in the ...

Thu, 14 Oct 1999: Rescue decision gets a mixed reaction…

Weighed down by millions of dollars in debts, its days of sugar producing seemed numbered. Local sugar-beet farmers and factory workers, who see their own economic future tied to the plant's abil...

Thu, 14 Oct 1999: SEB to consider shares buyout…

"We have to see what will be most beneficial to the market."The new regulations, designed to protect small investors in takeover attempts, would bring the markets here in line with market regulati...

Thu, 14 Oct 1999: Fishers land an investor…

Viru Rand went bankrupt Jan. 12. "I can only guess [why it went bankrupt] because I came here later," said Laanemets. "Most say the collapse of the Russian market caused it, but I think there is a...

Thu, 14 Oct 1999: Alcohol excise cuts take the head off beer…

It even won the Parliament's approval without any complications.But excise taxes on beer emerged from the government's ax unscathed, and beer producers are worried. Audrius Vidzys, vice-president ...

Thu, 14 Oct 1999: Fiber plant saved by local fuel firm…

Tolaram has turned operations over to the six-year-old Stalkers fuel concern, which operates out of the east Latvian city of Daugavpils. The new operator has promised put more than half the employ...

Thu, 7 Oct 1999: Latvia’s economy: the long road to recovery…

"But for financial stability, more must be done, and we believe another round of budget cuts must be done."Most analysts forecast the stepped-up growth will continue through next year, as do the I...

Thu, 7 Oct 1999: Interbank rates rise in Latvia and Lithuania…

At present, macroeconomic development is having an adverse effect on the Lithuanian credit resource market. According to several forecasts, the Lithuanian gross domestic product may suffered a dro...

Thu, 7 Oct 1999: New ‘green’ fuel introduced in Estonia…

But, she said, laboratory tests are being undertaken in Scandinavia (where Statoil is based) and a similar product should reach the Estonian market in a couple of years once the glitches are worke...

Thu, 7 Oct 1999: U.N.: Estonia most attractive to investors…

The Czech Repulbic, with $247 per capita, placed third.In 1997, Estonia ranked third among Central and Eastern European countries, behind Latvia and Hungary, but the volume of foreign investment h...

Thu, 7 Oct 1999: Baltic bourses mixed in third quarter…

The Litin was up a modest 4.74 percent during the third quarter, while the Litin-10 jumped up 24.1 percent.The biggest loser, in terms of both share price and turnover, is the Riga Stock Exchange....

Thu, 7 Oct 1999: Summed up…

1. The fund's representatives made the recommendations during talks with Lithuanian officials in Washington. The IMF and Lithuania are preparing to sign a standby agreement for 15 months. Finance ...

Thu, 7 Oct 1999: Entrepreneur takes aim with new business…

Fate has a lot of deciding factors also," said Balfoort, who was born in the Netherlands, but moved to New Zealand as a teenager. "Sometimes you end up in an area or a region that you just make it...
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