Wed, 7 Sep 2011: Business Analysis: A good start on red tape…

In fact, one of the first questions we are asked by companies interested in the Baltics is “how easy is it to work there?” The action plan covers 25 key measures spread across a whol...

Wed, 8 Jun 2011: Krediidipank ownership under cover…

EFA head Raul Malmstein said that their aim is to find out who are the beneficiaries behind the acquisition of major stakes (considered from 10 percent), and what means they have used to acquire t...

Wed, 4 May 2011: Business Analysis: Building the trade bridges business needs…

markets. At the end of last week I was happy to attend the opening of the new Scottish Baltic Enterprise Center at Napier University at Livingston, near Edinburgh. The Enterprise Center is the f...

Wed, 27 Apr 2011: Vormsi seeks independence…

In addition, a co-generation plant will be built on the island and an energy association established to operate it. Finally, the cable currently powering the island will be retained. “We m...

Wed, 20 Apr 2011: SEB teams up with RSA…

Non-credit related customers will be able to buy through the bank’s Web site or branch network. The range of RSA products on offer through the bank will include Motor Own Damage; Motor Thi...

Wed, 28 Jul 2010: Russia lacking in environmental safeguards…

Petersburg and the St. Petersburg Center for Ecological Initiatives. The first such rally took place in 1999, and it has been an annual event ever since. The ride began in St. Petersburg and then...

Thu, 8 Apr 2010: Large buyers jolted by electricity market liberalization…

Parts said that it is important to open up the electricity market because of energy security; the aim is also to physically connect the Estonian energy system with the European energy system. Ma...

Wed, 28 Oct 2009: Taking Counsel: The new Lithuanian Law on Services: another step towards…

It sets the obligation for each member state to implement this act in its national legal system by the end of 2009. Lithuania is ready to perform this duty and has therefore prepared a Draft of th...

Thu, 23 Jul 2009: Support grows for Baltic Sea gas route…

The statement will be taken into account when the permitting decisions are made in Finland during autumn 2009. "We are satisfied with the authorities stating that the Finnish EIA process has bee...

Wed, 8 Apr 2009: Prisma storming Lithuania…

Prisma has been very successful in Finland and Estonia," said Anu Huuska, Managing Director of Prisma LT. "I think this is a good time to introduce Prisma hypermarket to Lithuanian customers, beca...

Wed, 25 Feb 2009: Ailing AS Kalev to restructure empire…

On the same day, board member of Eesti Spordikanal Alar Pink was recalled from his post and Lepp and Ivar Jurtsenko were appointed as new board members. Pink said that giving up its holding in K...

Wed, 19 Nov 2008: Bourses to extend working hours…

instead of the current 2:00 p.m. The aim of the change is to ensure foreign investors better access to the Tallinn, Riga andVilnius bourses and thereby generate higher trading activity in t...

Thu, 9 Oct 2008: Taking Counsel: New, more effective bankruptcy procedure in effect …

Pursuant to the former provisions, the creditor was supposed to wait for three months after the obligations fall due before suing the debtor. Currently, the 30-day term for noticing the debtor reg...

Wed, 13 Aug 2008: Taking Counsel: New public procurement legislation …

15, 2008 shall be regulated under the currently effective wording of the Law on Public Procurement. The Law also aims to implement electronic public procurements and introduces the requirement to ...

Wed, 6 Aug 2008: No rush to finish budget …

"We are not running head over heels with next year's budget as future forecasts in the world's financial market by various international financial institutions are coming out differently," he sai...

Wed, 16 Jul 2008: Exports power growth…

In May annual export growth slipped by 6.2 percent, although imports fell, by 11.5 percent, thus improving Latvia's foreign trade deficit Bank of Latvia spokesman Martins Gravitis announced. "I...

Wed, 18 Jun 2008: TAKING COUNSEL: Some thoughts on debt collection…

This means that a creditor must enter into negotiations with his or her debtor as soon as possible and try to agree upon the new terms of payment. If the negotiations are not effective and new pay...

Wed, 10 Oct 2007: FlyLAL says prepared to take majority stake in airBaltic…

Nevertheless, FlyLAL executives are confident a takeover of the Latvian competitor would benefit all sides. "We have excellent experience in the privatization of airlines, as well as a well-deve...

Wed, 12 Sep 2007: Tallink plans to introduce own taxi fleet…

"The idea of establishing a taxi company first and foremost came from using the services of Tallinn taxis as a client, because the availability and quality of the service has often not met expect...

Wed, 29 Aug 2007: Statoil takes Baltic biodiesel stake…

The intention is to increase capacity to over 200,000 tonnes next year. Around 70 percent of rape crops necessary for biodiesel production will be sourced from farmers in the Baltic region. The c...

Wed, 30 May 2007: Parliament passes tax amendments with aim to decrease tax burden…

Ministers lowered income taxes and increased the tax-free minimum. Finance Minister Ivari Padar stressed that, as a result of the measures, the overall tax burden in the country would decrease fr...

Wed, 14 Mar 2007: Latvia finally tends to runaway economy, but measures may be ‘too little…

Government ministers commented later that the plan's aim was not to slow Latvia's economic growth 's the highest in the EU 's but to stem inflation, which has spiraled out of control. On March ...

Wed, 27 Sep 2006: Taking counsel: Recent amendments to the Code of Administrative Court Pr…

9, 2006, were equally important. It must be said, that administrative courts have already done a significant amount of work to clip the wings of public servants' unauthorized activities and expand...
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