Wed, 3 Aug 2011: Defenses boosted…

After the 2008 fall of Lehman Brothers, a subsequent flight from risky assets knocked a quarter or more off the value of currencies across the region versus the euro and drove debt yields to multi...

Wed, 6 Oct 2010: Wages, pensions highest in Estonia…

Latvia and Lithuania reduced pensions so they could cope with increasing budget deficits. However, Latvian pensioners were paid the withheld amounts in spring 2010 after the Constitutional Court r...

Wed, 12 May 2010: Baltics concerned about euro criteria…

“The real problem is not the new member states or the countries willing to enter, because it’s quite clear you either meet the Maastricht criteria or you are not allowed in,” Dom...

Thu, 6 May 2010: Structural reforms still needed…

The International Monetary Fund predicted on April 21 that the region is set to expand 2.8 percent this year, while Hungary, Lithuania and Latvia are set to be the worst performers as their econom...

Thu, 25 Feb 2010: Another down year for Baltics…

These forecasts are the most pessimistic of the past two months from the bank. The Baltic states continue to log the European Union’s biggest economic declines. The collapse of their cred...

Thu, 17 Dec 2009: Slide halted but rebound not yet clear…

The Latvian economy is the worst performing in the European Union as consumer spending has slowed along with manufacturing activity. The country, which had the fastest-growing economy in the EU...

Thu, 26 Nov 2009: Euro adoption may not be holy grail many believe…

EU rules require countries wanting to join the euro to keep their budget deficits to within three percent of GDP and government debt levels below 60 percent of GDP. Estonia’s budget gap w...

Wed, 29 Oct 2008: Bankers cautious despite good results…

They also had large problems caused by rapid economic growth, high inflation and large budget deficits. If the worst case scenario happens, recovery for Latvia's economy would take some 3-4 years,...

Wed, 5 Dec 2007: Fitch goes negative on Lithuania…

"Policy action to bring about a gentle slowdown to a more sustainable growth rate has been limited," according to the Fitch announcement. Because of the litas' euro-pegging, "there is only lim...

Wed, 8 Feb 2006: Common currency prospects continue to captivate Baltic leaders…

"When you highlight the three candidates who want to launch the euro next year, it is striking that Estonia is having quite a few problems," Verheugen told The Financial Times Deutschland. "As far...

Thu, 14 Aug 2003: Preaccession economic program ready…

As part of the program, candidate countries are obliged to avoid excessive budget deficits and adhere to several key macroeconomic indicators. Estonia has written a preaccession economic program e...

Thu, 23 Jan 2003: France, Germany chided on ballooning budget deficits…

But it is all the more embarrassing for Germany, which was the architect of the landmark 1997 stability pact.German Finance Minister Hans Eichel has pledged to abide by the recommendations and tri...

Thu, 19 Aug 1999: IMF evaluation interpreted…

The IMF executive board concluded that we've done pretty well. They praised our efforts to cut budget deficit, approved of the pension reform, even though it was controversial enough to be put on ...
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