Thu, 17 Dec 2009: ECB warns of risks involved in maintaining currency pegs…

The need now is for the governments to maintain strict fiscal measures, to cut deficits, otherwise “the authorities in the Baltic states may not be able to prevent a renewed emergence of mac...

Thu, 12 Nov 2009: ‘Internal Devaluation’ keeps lid on spending…

The largest decreases were observed in retail trade, with activity off 32 percent, manufacturing down by 17 percent and public administration off by 16 percent, reported LETA. Latvia's economic p...

Thu, 17 Sep 2009: Debt markets fill budget gap…

The government has reduced spending by about 7.5 percent of gross domestic product this year in an effort to shore up public finances. These measures may not be enough to prevent the budget defi...

Thu, 20 Aug 2009: Investors attracted to Lithuanian bonds…

Investors are attracted to bond yields reaching close to 10 percent. Lithuania sold 500 million euros in five-year bonds yielding 9.375 percent on June 15, with investor demand exceeding supply...

Wed, 2 Mar 2005: Lithuania one step closer to euro…

He emphasized, however, that a decision on the Baltic state's adoption of the euro would not be made until June 2006, at the earliest. On the other hand, the EU commissioner pointed out that there...

Thu, 23 Jan 2003: Lithuania pushing for euro switch…

Sarkinas said that recent statements by the Latvian and Estonian prime ministers that their countries expected to join the European Exchange Rate Mechanism in 2004 and enter the euro zone in 2006 ...
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