Thu, 27 Jan 2011: Students giving teacher lessons…

European governments shouldn’t “be afraid,” Lithuanian Prime Minister Andrius Kubilius said in a separate Bloomberg Television interview. Lithuania has increased taxes, cut state...

Thu, 23 Dec 2010: Risks remain in fragile recovery…

“Strains could reappear quickly if investor risk aversion were to rise as a result of uncertainties about economic policies or political tensions in some countries [particularly those with I...

Thu, 20 May 2010: Greek crisis threatens export recovery…

The fiscal crisis in the euro region, the destination for 65 percent of Lithuanian exports, is raising concern about European growth prospects and threatens to hurt Baltic exports. Projected budge...

Thu, 12 Nov 2009: State-owned assets should be sold to boost economy…

"Most probably lenders [worry] that the residents of Latvia could turn to the Constitutional Court, contest many of the introduced and planned budget cuts and, eventually, as a result, the defici...

Thu, 14 May 2009: Budget amendments remain on track…

Dombrovskis has previously warned the latest round of budget cuts will be the most severe. ON THE AGENDA The government's harsh austerity measures have sparked outrage in Latvia and further cut...

Wed, 18 Feb 2009: Government agrees on budget cuts…

About 10 legal amendments will also have to be adopted in order for the budget cuts to pass. The Finance Ministry said on Feb. 13 that all of the country's ministries had already submitted new d...

Wed, 11 Feb 2009: Government to face no-confidence vote…

The budget cuts will most probably be presented with a confidence vote." At a press conference earlier this month, Ansip told local media that the government had not yet determined how to present...

Fri, 12 Dec 2008: Finance minister calls for more budget cuts…

It could have been agreed, for instance, not to implement certain investments until figures of the actual budget revenue intake became available in the middle of the next year, he said. "We have a...

Thu, 18 Sep 2008: Latvian central bank calls for balanced budget…

"Without a balanced budget, stopping the economic slowdown and recovery will be seriously hampered and will take longer," he said. The Latvian economy has boomed in recent years and seen double...

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, 12 Aug 1999: Analysts revise forecast for Estonian economy…

"We realized this in June, when we noticed that the economy in the second quarter of the year did not grow as much as we had expected."The initial forecast made by the Ministry of Finance was made...

Thu, 29 Jul 1999: Parliament squabbles over budget cuts…

According to them, the longer the Parliament waits to discuss such a budget-cut law, the more money will be wasted. The Labor Democrats are currently collecting signatures of MPs to support their ...
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