Thu, 17 Dec 2009: ECB warns of risks involved in maintaining currency pegs…
Dec 17, 2009 Baltics
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...Tags: Accession, Authorities, Baltic States, Boom, Bust Cycle, Central Banks, Currency, Ecb, Emergence, Euro, Exchange Rate Mechanism, Fiscal Measures, Global Crisis, Governments, Repetition, Rsquo, Wages
Thu, 12 Nov 2009: ‘Internal Devaluation’ keeps lid on spending…
Nov 12, 2009 Baltics
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...Tags: Authorities, Bailout, Banki, Decreases, Devaluation, Economic Performance, Economic Progress, Euro Exchange Rate, Exchange Rate Mechanism, Imf, Lats, Latvia, Lawmakers, Loans, Negotiation Process, Political Brinkmanship, Public Administration, Retail Trade, Smooth Transfer, Speculation
Thu, 17 Sep 2009: Debt markets fill budget gap…
Sep 17, 2009 Baltics
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...Tags: Andrius, Budget Deficit, Budget Gap, Currency, Debt Markets, Eight Months, Exchange Rate Mechanism, Fiscal Conditions, Gap, Gdp, Gross Domestic Product, Latvia, Litas, Lithuania, Measures, Neighbors, Prime Minister, Public Finances
Thu, 20 Aug 2009: Investors attracted to Lithuanian bonds…
Aug 20, 2009 Lithuania
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...Tags: Adoption, Auction, Bbb, Bond Yields, Bonds, Credit Rating, Creditwatch, Economic Slump, Euro Exchange Rate, Exchange Rate Mechanism, Investor Demand, Investors, Lithuania, News Agency
Wed, 2 Mar 2005: Lithuania one step closer to euro…
Mar 2, 2005 Lithuania
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...Tags: Adoption, Almunia, Baltic State, Challenges, Economy Minister, Euro, Exchange Rate Mechanism, Fiscal Deficit, Inflation, Lithuania, Path, Prime Minister, Valdas Adamkus, Vilnius
Thu, 23 Jan 2003: Lithuania pushing for euro switch…
Jan 23, 2003 Lithuania
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 ...Tags: Algirdas Brazauskas, Central Bank Governor, Dalia, Euro Switch, Euro Zone, European Exchange, Exchange Rate Mechanism, Finance Minister, Litas, Lithuania, Obstacles, Prime Minister, Prime Ministers