Wed, 4 Aug 2010: Analysts expect renewed growth…
Aug 4, 2010 Baltics
The region’s vulnerability stems from possible financial contagion that stressed western European banks might be reluctant to roll over debt on the balance sheets of their East European subs...Tags: Balance Sheets, Banking Industry, Credit Expansion, Eastern Europe, Erste Bank, European Bank For Reconstruction And Development, European Subsidiaries, Financial Contagion, Financial Crisis, Italy, Reconstruction, Rsquo, Societe Generale, Unicredit, Vulnerability, Western European Banks
Wed, 20 Jan 2010: Power plant project awaits EC decision…
Jan 20, 2010 Baltics
26, said Kampars. As noted by the minister, the power plant project has been defined as a priority project in Latvia, and the decision by the EC will also be dependent on the second stage of the...Tags: Ebrd, Ec Decision, European Bank For Reconstruction And Development, Euros, Latvia, Power Plant Project, Priority Project, Reconstruction Project, Reply, Riga, Rsquo, Second Stage
Wed, 5 Aug 2009: Questions remain over Parex deal…
Aug 5, 2009 Baltics
The government took over Parex on Nov. 8, 2008 injecting about 200 million lats onto its balance sheet. The commission approved an initial aid package last November, which consisted of state gua...Tags: Agency Moody, Balance Sheet, European Bank For Reconstruction And Development, Initial Aid, Investors Service, Last November, Lats, Liquidity, Parex, Reconstruction, Shareholder Structure, Shareholders, Stable Outlook, State Guarantees, Subordinated Loans, Wed 5
Wed, 15 Apr 2009: INPP fuel storage ready in 2011…
Apr 15, 2009 Baltics
If the work is not completed on time, there will be serious responsibilities for the contractors, including financial responsibility for the completion of the work." The delays will mean an elonga...Tags: European Bank For Reconstruction And Development, Financial Responsibility, Fuel Storage, Ignalina, Linkage, Novak, Nuclear Safety, Reconstruction, Safety Department, Safety Issue, Safety Risk
Wed, 7 Jan 2009: Latvia receives first batch of IMF funds …
Jan 7, 2009 Latvia
The European Union has pledged a 3.1 billion euro loan as a part of the package, the Nordic countries contributed a combined 1.8 billion euros, the World Bank 400 million euros, the European Ban...Tags: Berzina, Czech Republic, Diana, Economic Challenges, European Bank For Reconstruction And Development, European Union, Finance Ministry, Imf Funds, Imf Loan, International Reserves, Latvian State, Liquidity, Nordic Countries, Productivity Gains, Reconstruction, Spokeswoman, State Treasury, World Bank
Wed, 16 Feb 2005: Minister hopes Hansa doesn’t leave exchange…
Feb 16, 2005 Baltics
Sweden's Swedbank, the majority owner of Hansabank, on Feb. 11 announced its intention to make a buyout offer to other shareholders at 11 euros per share (see story on Page 6.) The European Bank f...Tags: Alternative Investment, European Bank For Reconstruction And Development, Feb 2005, Hansa, Hansabank, Inflow, Intention, Investment Opportunities, Investors, Majority Owner, Page 6, Percent Stake, Reconstruction, Regard, Shareholders, State Budget, Sweden
Wed, 26 Jan 2005: Government poised to take control of Mazeikiu refinery…
Jan 26, 2005 Baltics
"If the company fails to do that, then it should lose the status of Mazeikiu Nafta's strategic investor."The minister said the status-change could be forced via arbitration court or reaching a new...Tags: Arbitration Court, Control, Control Company, European Bank For Reconstruction And Development, Jan 2005, Majority Stake, Mazeikiu Nafta, Reconstruction, Refinery, Russian Company, Russian Oil, Western Investor, Yukos
Wed, 12 Jan 2005: Minister targets gas companies…
Jan 12, 2005 Baltics
In the opinion of experts from the World Bank and the European Bank for Reconstruction and Development, the return on nonrisk capital on our market should be 8 percent, and risk capital - 15-16 pe...Tags: European Bank For Reconstruction And Development, Jan 2005, Reconstruction, Risk Capital, Targets, World Bank
Thu, 11 Dec 2003: More water, cleaner sewage for Kaunas…
Dec 11, 2003 Baltics
"On Oct. 27 we signed an agreement with the German consultancy Fichter" on the tender, Vilius Burokas, CEO of the water utility Kauno Vandenys, said. The project is estimated at more than 12 milli...Tags: Ceo, European Bank For Reconstruction And Development, Fichter, Kaunas, Reconstruction, Sewage, Water Utility
Thu, 5 Jun 2003: Eurobond does job…
Jun 5, 2003 Baltics
Lithuania's debt to the World Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Nordic Investment Bank and other international organizations totaled 1.7...Tags: Commercial Banks, Creditors, Domestic Debt, European Bank For Reconstruction And Development, European Investment Bank, Financial Institutions, Government Bodies, Imf, International Organizations, Job, Litas, Lithuania, Nordic Investment, Public Debt, Reconstruction, World Bank
Thu, 3 Apr 2003: Insurer seeking equity finance…
Apr 3, 2003 Baltics
Lietuvos Draudimas did not pay dividends on its 2001 earnings. In 2002, Lietuvos Draudimas posted an audited net profit of 6.7 million litas, down by 46.8 percent from 12.6 million litas in 2001. ...Tags: Central And Eastern Europe, Codan, Danish Insurance, Denmark, Dividends, Earnings, European Bank For Reconstruction And Development, Finance, Insurance, Insurance Company, Insurer, Investment Fund, Lietuvos Draudimas, Litas, Net Profit, Percent Stake, Reconstruction, Seeking Equity
Thu, 9 Dec 1999: Shakeup at juice manufacturer…
Dec 9, 1999 Baltics
The company was growing rapidly and had seized more than 20 percent of the Baltic fruit juice market. Gutta was planning to extend into the Russian market and had scheduled the opening of a plant ...Tags: Consumer Products Sector, Ebrd, European Bank For Reconstruction And Development, Fruit Juice, Fruit Market, Gap, Gutta, Juice Manufacturer, Last November, Money, Moscow, Reconstruction, Russian Market, Shakeup, Short Term Financing
Thu, 21 Oct 1999: Railway privatization gaining more steam…
Oct 21, 1999 Baltics
1, Hammalov said. Another contest to choose the second adviser will be held by the European Bank for Reconstruction and Development. Companies interested in winning the advisory role include Supre...Tags: Adviser, Advisory Role, Bidders, Communications Companies, European Bank For Reconstruction And Development, Infrastructure Sector, International Experience, Investments, Kpmg, Pricewaterhouse Coopers, Privatization, Public Utilities, Railway, Reconstruction, Resume, Steam, Subcontractors
Thu, 30 Sep 1999: For Komercbanka, it’s the home stretch…
Sep 30, 1999 Baltics
15 with a new name and logo and new services."When we say we're re-opening the bank, we are really saying we'll establish a new bank for Latvia," Kallaker said. "This is not just a re-opening, and...Tags: Assets, Bank Of Latvia, Creditors, European Bank For Reconstruction And Development, German Banks, Home Stretch, Latvian Government, Reconstruction, Shares, Syndicates, T Bills
Thu, 23 Sep 1999: Rigas Komercbanka prepares for re-opening…
Sep 23, 1999 Latvia
The central bank will require all banks to have at least 5 million euros ($5.15 million) of capital by the end of 1999.The Bank of Latvia and the European Bank for Reconstruction and Development, ...Tags: Bank Of Latvia, Cers, Creditors, Depositors, European Bank For Reconstruction And Development, Fuji Bank, German Banks, Insolvency Process, Japan, Lats, Latvian Government, Percent Stake, Reconstruction, Shareholders, Syndicates
Thu, 29 Jul 1999: Depositors to decide Komercbanka’s fate…
Jul 29, 1999 Baltics
"If we don't get those 6.3 million lats, and there is no result after this meeting, I will have nothing else to do but start liquidation. I can't allow the current situation to go on indefinitely ...Tags: Assets, Current Situation, Depositors, Doors, European Bank For Reconstruction And Development, Fate, Government Help, Lats, Latvia, Liabilities, Liquidation, Losses, New Prime Minister, Reconstruction, S Central, Syndicates, T Bills
Thu, 17 Jun 1999: Lithuanian bank to go commercial…
Jun 17, 1999 Baltics
Such loans are currently managed by the Finance Ministry.It turned out during the meeting that Vystymo Bankas' smallest shareholder, the German development agency DEG, would not swap its shares fo...Tags: Bank Kredit, Bank Loans, Bankas, Commercial Loans, Deg, Ebrd, European Bank For Reconstruction And Development, Finance Ministry, Fur, Investment Bank, Lithuania, Lithuanian Government, Nordic Investment, Reconstruction, Share Swap, Shareholder, Stake, Ukio
Thu, 17 Dec 1998: Earnings of the listed and to-be-listed companies…
Dec 17, 1998 Baltics
The company has made claim settlements to the tune of 1.3 million kroons this year. At the end of October, Leks Life Insurance controlled a market share of 6.3 percent. Latviaä Gutta reported to t...Tags: Claim Settlements, Distillery, Dividends, Earnings, European Bank For Reconstruction And Development, Insurance, Lats, Leks, Life Insurance, Loan Agreement, Market Share, Provisions, Reconstruction, Riga Stock Exchange, Shareholders Agreement
Thu, 19 Nov 1998: Lukoil looks at Latvian pipeline project…
Nov 19, 1998 Latvia
Latvian and Western companies would get another 40 percent, and the European Bank for Reconstruction and Development will hold the remaining 10 percent. Kogan stressed that, before the implementat...Tags: Construction Company, Decline, European Bank For Reconstruction And Development, Implementation, Kogan, Lukoil, Oil Output, Oil Prices, Opec, Pipeline Companies, Pipeline Project, Reconstruction, Russia, S Market
Thu, 6 Aug 1998: Latvia may fail to repay foreign debts…
Aug 6, 1998 Latvia
By June 30, the state had distributed more than 100 million lats in foreign loans. About 70 percent of the credits are expected to be returned in time. "It does not mean that the remaining 30 perc...Tags: Creditor, European Bank For Reconstruction And Development, Export Bank, Foreign Debts, Import And Export, Investment Projects, Japanese Import, Lats, Latvia, Liquidation, Loans, Provisions, Reconstruction, State Coffers, State Treasury, World Bank