Thu, 21 Apr 2011: Latvia meets lenders’ demands…

Gabriele Giudice, the EC’s mission chief to Latvia, said at the same news conference that a decision may be made in June on freeing up the funds, which will come from about 600 million euros...

Wed, 16 Feb 2011: Foreign money heading back to Latvia…

“We forecast that FDI inflows will amount to 4-5 percent of GDP in the coming years; i.e., they will largely return to the pre-boom levels,” they said. Latvia’s economy expande...

Wed, 19 May 2010: Trouble brewing at Witch’s Well…

The phenomenon happens a few times a year and lasts from a day to three weeks. Geologists believe it is linked to an extensive network of subterranean rivers spanning the region, creating dangerou...

Wed, 2 Dec 2009: Wind power project to face substantial obstacles …

The electric energy produced by the wind farm would not be sold on the Latvian market, nor in any other Baltic country, but would instead be offered to countries in Central and Western Europe. ...

Thu, 1 May 2008: Nordea warns of Latvia’s vulnerabilities…

The eurozone is also continuing to feel the consequences of the subprime crunch, which is exacerbated by a substantial fall of the U.S. dollar," Wessman said. He said that the Baltic states are fa...

Wed, 13 Apr 2005: National Internet strategy adopted…

One goal spelled out in the strategy is that Estonia must keep its place among the three leading EU countries in terms of broadband Internet connections per capita, a matter of pride for the Balti...

Wed, 13 Apr 2005: Crude calls Baltic neighbors…

The two Baltic countries have been unable to sign a maritime border treaty as Latvia has insisted on equal distribution of possible oil deposits in the Baltic Sea, a condition to which Lithuania, ...

Wed, 26 Jan 2005: Official accuses Ryanair of trying to subsidize flights…

"This is not tolerated by the European Commission, either."Ryanair, which launched flights to Riga in October, has been negotiating with Lithuanian officials to begin flights sometime this year, p...

Thu, 6 Jan 2005: Taking counsel…

For some transactions an appointment at the notary can be acquired in two-three months' time, while at the same time lines at the notary's are almost nonexistent in Latvia and Lithuania. Also, the...

Thu, 13 Nov 2003: Consumers hoarding sugar…

But once Estonia becomes a member of the union these subsidies will no longer apply.At the same time Estonia will not be able to buy cheap sugar from Ukraine since the Baltic country has been requ...

Thu, 13 Mar 2003: In Brief - 2003-03-13…

Also, a revaluation of fixed assets pushed down the company's 2002 earnings figure by 68.8 million litas and increased the costs by the same amount.Lietuvos Gelezinkeliai recorded a 25.6 percent i...

Thu, 6 Feb 2003: IT market booms in Baltics…

Each Baltic country is home to two or three operators with Pan-Baltic aspirations and a significant market share in the IT services sector. In Lithuania the 400-strong IT group Sonex generated sal...

Thu, 9 Jan 2003: Election reopens debate on nuclear power issue …

6. The president-elect's words almost echo earlier statements by Adamkus. "Nuclear energy is the cleanest and cheapest energy in the world and Lithuania can not refuse it," Adamkus told reporters ...

Thu, 8 Oct 1998: For every crisis, a silver lining?…

But woes felt by Lithuania's giant eastern neighbor should not necessarily mean the Baltic country can forget about reaping a few benefits from it all."Every crisis has its positive and negative s...

Thu, 27 Aug 1998: No panic in Lithuania…

On the following Monday, Aug. 24, Russia began its first full day under a new governmental administration. The previous evening, the ever unpredictable Yeltsin axed Prime Minister Sergey Kiryenko,...
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