Wed, 27 Jun 2012: Latvia’s investment climate improves…

Previously, we were disappointed in the business environment, where politics and business intertwined. Now, as investors, we feel good progress, said Ware. Commenting on the environment in the F...

Wed, 10 Aug 2011: Consumers push prices up…

The price of transport and recreational services went up by 0.8 percent in June,” said Luikmel. Goods were 6.6 percent and services 2.7 percent more expensive compared to July 2010. Expla...

Wed, 3 Aug 2011: Consumer spending on upswing…

The increase in retail sales of goods was continually influenced by the stores selling manufactured goods, but compared to previous months the retail sales growth rate slowed down in these stores....

Thu, 20 Jan 2011: Estonia’s external debt drops…

Meanwhile, corporate deposits with domestic banks decreased and claims to other companies and to the external sector increased. This is in line with recovering economic activity. Financial liabili...

Thu, 2 Dec 2010: Latvia plans new power plant…

Energy is a cornerstone of the economy, and the country’s economic activity is entirely dependent on it. If this cornerstone crumbles, everyone is affected. “In terms of Latvia’s...

Wed, 12 May 2010: Exports positive in weak economy…

The government’s budget deficit for the year will reach 8.6 percent of GDP, says the Commission, rising to around 9.9 percent next year, in contrast with its previously predicted figures of ...

Thu, 13 Aug 2009: Lithuania’s economy buffeted by tighter credit and rising unemployment…

Unemployment growth together with robust wage declines is driving down disposable incomes. Analysts say that the reduction in household expenditures is negatively affected by smaller flows in ho...

Wed, 1 Oct 2008: Bottom falls out of Latvian sales …

In August retail sales dropped by 1.2 percent in constant prices, according to adjusted data, with food sales dipping 1.4 percent and non-food sales going down 1.1 percent. Compared to the same...

Wed, 11 Jun 2008: Report: SEB sends in debt collectors…

Quarterly profit plunged to 57 million kroons as a result. The SEB team, according to the paper, is already at work in Tallinn and is not showing much leniency toward businessmen. Annika Falkenb...

Wed, 31 Oct 2007: Inflation outlook remains grim…

Meanwhile, the maximum rate of economic growth was reached in the first six months of this year," he said. Idelsons forecasts that in the second half of this year the growth of Latvia's gross dome...

Wed, 13 Dec 2006: Optimism overheating Estonia, Latvia’s economy…

The stunning rate even surpassed Estonia's, which posted an 11.6 percent jump in GDP growth during the third quarter, and placed Latvia at the front of the EU25 in terms of economic expansion. Eco...

Wed, 15 Nov 2006: Euro accession drifts further away …

The Commission predicted that in 2007, euro-area consumer price growth would decline as a result of rising interest rates. Earlier planned hikes were held back due to relatively weak economic ac...

Wed, 2 Aug 2006: Taking counsel: Mandatory M&A notification…

First of all, one must be certain that the enterprises engaged in the M&A activity are market participants within the meaning of the Latvian Competition law 's i.e., any legal/natural person (also...

Wed, 19 Jul 2006: Bank of Latvia raises refinance rate, warns of continued inflation…

16, 2002. The refinancing rate is one of the key interest rates set by the Bank of Latvia and one of its few levers to control economic activity in the country. Previously the refinancing rate w...

Wed, 5 Jul 2006: Police open case against Werol…

Thus far the criminal proceeding was launched not against a concrete person but with regard to the facts, prosecutors said. As the Tartu County Court has started bankruptcy proceedings against th...

Wed, 11 Jan 2006: Taking counsel …

The new Labor Code introduced work councils as an alternative possibility to represent and protect the rights of employees and represent their interests. Certain preconditions exist for formation ...

Wed, 20 Jul 2005: Corporate acquisitions in Latvia: an investor’s perspective…

Latvia saw at least a 10-fold increase in acquisition deals in different industries: utility, food processing, soft drinks manufacturing, retailing, textile, financial services. It is expected tha...

Sun, 31 Aug 2003: In Brief - 2003-08-31…

"The person at whose fault the illegal payment was made should be held liable," she said. "In the opinion of many businessmen we have talked with, this act would rob them of any desire to engage i...

Thu, 28 Aug 2003: U.S. leaving euro zone in dust…

22 byMerrill Lynch.And the Japanese economy, undermined by its financial sector and in thedoldrums for more than a decade, also seems to be waking up.A key barometer of economic activity in Japan ...

Thu, 13 Mar 2003: Finance ministers in pre-summit battle…

And Italy torpedoed a hard-fought agreement to prevent tax evasion by EU citizens who bank their money in foreign countries, prompting an angry reaction from Germany.The finance ministers battled ...

Thu, 23 Jul 1998: Interest will tell the tale in 1998…

He said risks and economic activity in general had to be approached in a more conservative way, such as investing money in fixed-interest securities.Speaking from Hansapank, analyst Heikk Kallu sa...
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