Wed, 27 Jun 2012: Latvia’s investment climate improves…
Jun 26, 2012 Latvia
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...Tags: Business Activity, Business Environment, Business Ventures, Economic Activity, Freeport, Investment Climate, Investors, Latvia, Political Doings, Ventspils
Wed, 10 Aug 2011: Consumers push prices up…
Aug 10, 2011 Baltics
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...Tags: Commodity Markets, Consumers, Debt Crisis, Economic Activity, Inflationary Pressures, Insecurity, Price Fluctuations
Wed, 3 Aug 2011: Consumer spending on upswing…
Aug 3, 2011 Baltics
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....Tags: Consumer Spending, Cosmetics, Economic Activities, Economic Activity, Pharmaceutical Goods, Previous Year, Regard, Retail Sales Growth, Upswing
Thu, 20 Jan 2011: Estonia’s external debt drops…
Jan 20, 2011 Baltics
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...Tags: Contraction, Domestic Banks, Economic Activity, Estonia, External Debt, External Sector, Financial Assets, Financial Leverage, Financial Liabilities, Household, Households, Insurance, Insurance Payments, Payables, Pension Insurance, Profits, Stock, Time Loans
Thu, 2 Dec 2010: Latvia plans new power plant…
Dec 2, 2010 Latvia
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...Tags: Cornerstone, Economic Activity, Economy Ministry, Environment Minister, Fossil Fuels, Latvia, Liquid Gas, New Energy, Plant Energy, Power Energy, Power Plant, Proposal, Renewable Energy Sources, Rsquo, Soviet Period
Wed, 12 May 2010: Exports positive in weak economy…
May 12, 2010 Baltics
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 ...Tags: Baltic States, Budget Deficit, Economic Activity, Economy, Estonia, Gdp, Latvia, Liquidity Situation, Rsquo, Signs
Thu, 13 Aug 2009: Lithuania’s economy buffeted by tighter credit and rising unemployment…
Aug 13, 2009 Lithuania
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...Tags: Banks, Consumer Loans, Declines, Disposable Incomes, Economic Activity, Economy, First Quarter, House Loans, House Purchase, Household Expenditures, Households, Lithuania, Real Estate Prices, Sober Assessment, Unemployment
Wed, 1 Oct 2008: Bottom falls out of Latvian sales …
Oct 1, 2008 Latvia
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...Tags: Clothing Retailers, Consumption, Decline, Drop 8, Economic Activity, Economic Circumstances, Economist, Food Retailers, Food Sales, Retail Sales, Textile, Time Sales
Wed, 11 Jun 2008: Report: SEB sends in debt collectors…
Jun 11, 2008 Baltics
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...Tags: 1990s, Advice, Banking Crisis, Bankruptcies, Businessmen, Debt Collectors, Economic Activity, Kroons, Latvia, Leniency, Managing Director, Periods, Quarterly Profit, Seb, Sweden, Swedish Radio, Tallinn, Working Group
Wed, 31 Oct 2007: Inflation outlook remains grim…
Oct 31, 2007 Baltics
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...Tags: Currency, Devaluation, Economic Activity, Economic Growth, Gross Domestic Product, Inflation Outlook, Lats, Latvia, Maximum Rate, Retail Sales, Risk, Second Half, Six Months
Wed, 13 Dec 2006: Optimism overheating Estonia, Latvia’s economy…
Dec 13, 2006 Latvia
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...Tags: Economic Activity, Economic Expansion, Economy, Energy Prices, Estonia Latvia, Flip Side, Gdp, Gdp Growth, Inflation, Optimism, Signs, Statistics Bureau, Stunning Rate, Yea
Wed, 15 Nov 2006: Euro accession drifts further away …
Nov 15, 2006 Baltics
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...Tags: Accession, Alcohol Tobacco, Bank Of Estonia, Current Situation, Economic Activity, Economic Experts, Excise Duties, Inflation, Joining The Euro, Rising Interest Rates, Thermal Energy, Vat
Wed, 2 Aug 2006: Taking counsel: Mandatory M&A notification…
Aug 2, 2006 Baltics
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...Tags: Acquisition, Competition Law, Economic Activity, Lats, Latvia, Magnitude, Mandatory Notification, Market Participants, Market Share, Merger, Natural Person, Notification Requirement, Regard, Turnover
Wed, 19 Jul 2006: Bank of Latvia raises refinance rate, warns of continued inflation…
Jul 19, 2006 Latvia
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...Tags: Baltic News Service, Bank Of Latvia, Economic Activity, Economist, Inflation, Interbank Market, Interest Rates, Levers, Refinance Rate, Refinancing Rate, Seb, Term Effectiveness
Wed, 5 Jul 2006: Police open case against Werol…
Jul 5, 2006 Baltics
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...Tags: Ahas, Allegations, Bankruptcy Proceedings, Bankruptcy Trustee, Concrete Person, Criminal Proceeding, Economic Activity, Economic Situation, Elements Of Crime, Inkasso, Oil Producer, Open Case, Petition, Prosecutors, Rapeseed Oil, Regard, Tartu County, Wed 5
Wed, 11 Jan 2006: Taking counsel …
Jan 11, 2006 Baltics
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 ...Tags: Code Deals, Collective, Economic Activity, Institutions, Labor Code, Mate, Preconditions, Working Conditions, Working Time, Workplaces
Wed, 20 Jul 2005: Corporate acquisitions in Latvia: an investor’s perspective…
Jul 20, 2005 Latvia
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...Tags: Acquisition Deals, Baltics, Consolidation, Corporate Acquisitions, Economic Activity, Economic Structure, Favorable Location, Financial Services, Finland, Foreign Investors, Investor, Lithuania, Merger And Acquisition, New Leaders, Perspective, Redistribution, Riga, Soft Drinks, Sphere, Ties
Sun, 31 Aug 2003: In Brief - 2003-08-31…
Aug 31, 2003 Baltics
"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...Tags: Baltic News Service, Businessmen, Cover Letter, Creditors, Desire, Economic Activity, Estonia, Gross Domestic Product, Illegal Payment, Justice Ministry, Limited Liability, Lithuania, Proposed Amendments, Service Economy, Shareholders, Six Months, Sun, Teder, Ter
Thu, 28 Aug 2003: U.S. leaving euro zone in dust…
Aug 28, 2003 Baltics
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 ...Tags: Barometer, Core Services, Decade, Economic Activity, Euro Zone, Financial Sector, France, Japan, Japanese Economy, Japanese Ministry, Monitors, Rose, State Ministry, United States
Thu, 13 Mar 2003: Finance ministers in pre-summit battle…
Mar 13, 2003 Baltics
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 ...Tags: Angry Reaction, Bloc, Brussels, Citizens, Economic Activity, Economy, Fallout, Fears, Finance Ministers, Foreign Countries, Greek Presidency, Heads Of Government, Headway, Italy, Lisbon Agenda, Money, Oil Supplies, Spring Summit, Tax Evasion, War Against Iraq
Thu, 23 Jul 1998: Interest will tell the tale in 1998…
Jul 23, 1998 Baltics
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...Tags: Banks, Economic Activity, First Quarter, Fixed Interest Securities, Investing Money, Quarter Growth, Six Months, Stock Market