Wed, 4 Aug 2010: Analysts expect renewed growth…

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...

Wed, 20 Jan 2010: Power plant project awaits EC decision…

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...

Wed, 5 Aug 2009: Questions remain over Parex deal…

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...

Wed, 15 Apr 2009: INPP fuel storage ready in 2011…

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...

Wed, 7 Jan 2009: Latvia receives first batch of IMF funds …

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...

Wed, 16 Feb 2005: Minister hopes Hansa doesn’t leave exchange…

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...

Wed, 26 Jan 2005: Government poised to take control of Mazeikiu refinery…

"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...

Wed, 12 Jan 2005: Minister targets gas companies…

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...

Thu, 11 Dec 2003: More water, cleaner sewage for Kaunas…

"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...

Thu, 5 Jun 2003: Eurobond does job…

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...

Thu, 3 Apr 2003: Insurer seeking equity finance…

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. ...

Thu, 9 Dec 1999: Shakeup at juice manufacturer…

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 ...

Thu, 21 Oct 1999: Railway privatization gaining more steam…

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...

Thu, 30 Sep 1999: For Komercbanka, it’s the home stretch…

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...

Thu, 23 Sep 1999: Rigas Komercbanka prepares for re-opening…

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, ...

Thu, 29 Jul 1999: Depositors to decide Komercbanka’s fate…

"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 ...

Thu, 17 Jun 1999: Lithuanian bank to go commercial…

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...

Thu, 17 Dec 1998: Earnings of the listed and to-be-listed companies…

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. LatviaƤ Gutta reported to t...

Thu, 19 Nov 1998: Lukoil looks at Latvian pipeline project…

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...

Thu, 6 Aug 1998: Latvia may fail to repay foreign debts…

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...
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