Wed, 7 Sep 2011: Business Analysis: A good start on red tape…

In fact, one of the first questions we are asked by companies interested in the Baltics is “how easy is it to work there?” The action plan covers 25 key measures spread across a whol...

Wed, 7 Jul 2010: Exporters face double dip economy…

Now the global demand is weakening and this is going to affect Estonian exporters. It is no surprise, since the aid packages helped countries to overcome the worst of the crises, but have not reso...

Thu, 4 Mar 2010: Nord Stream to face environmentalists…

For the remaining 60 percent the Mining Authority has asked for only 3.6 million euros to be set aside for compensation measures. “The balance between created damages and compensation mea...

Thu, 21 Jan 2010: Banks will face difficult climate this year…

The slow pace of credit expansion is due more to an ongoing “deleveraging” by households and companies, rather than to prudent lending standards, he wrote. East European banks and t...

Wed, 2 Dec 2009: Wind power project to face substantial obstacles …

The electric energy produced by the wind farm would not be sold on the Latvian market, nor in any other Baltic country, but would instead be offered to countries in Central and Western Europe. ...

Thu, 13 Aug 2009: Lithuanian truckers face border congestion…

The figure noted by the Russian customs officers comprises only 0.03 percent of all customs procedures carried out by the Lithuanian carriers, and this number of violations does not exceed the ave...

Wed, 18 Mar 2009: Major retailers face investigation…

The store has since been informed. If convicted, the retailers may have to pay up to 10 percent of their net turnover from 2008, which will then be funneled into the state budget. Rimi and Maxim...

Wed, 11 Feb 2009: Government to face no-confidence vote…

The budget cuts will most probably be presented with a confidence vote." At a press conference earlier this month, Ansip told local media that the government had not yet determined how to present...

Wed, 3 Dec 2008: Snoras not in danger: bank chief …

This procedure consolidated the bank's capital base, strengthened the trust of investors and clients, and also allowed to expand and propel the bank's activity," he said. On Sept. 3, Vladimir Ant...

Wed, 5 Nov 2008: Lithuania to face ‘painful reality’ …

One of the main issues that the new government will have to tackle is forming a budget capable of weathering the sharp economic downturn that the country is facing. Lithuanian leaders have repea...

Wed, 8 Oct 2008: Banks face ’sabotage’ …

"The most likely reason some would do that is so that they could benefit by short-selling the company's stock," a trader who works on the Tallinn stock exchange told The Baltic Times. The trader ...

Wed, 10 Sep 2008: Baltic unity needed on energy bridge …

"This could be any location in Latvia and any in Sweden. It is not important since we all are concerned about the energy security of the region. The Baltic electricity market is common, it's just...

Wed, 3 Sep 2008: Small breweries face falling profits …

The association's director said that most of the breweries were not in danger of filing for bankruptcy in the near future, but that in order to survive in the long term the companies would need t...

Wed, 26 Mar 2008: Former Latvian PM: peat is best energy alternative…

"Would not a couple of peat-fueled electric power plants ensure our energy independence for a long time?" Skele's comments came just two weeks after the government approved a plan to build two new...

Wed, 9 Jan 2008: Latvia to prioritize higher energy output…

"We will not separate them, just like our further participation in the new nuclear power plant," he said. Godmanis, who was elected prime minister Dec. 20, said that Latvia would face an energy ...

Wed, 28 Feb 2007: TALKING TAX: Finland establishes new ways to enforce taxes…

The client using foreign service-providers as contractors, subcontractors or leased workers must now notify the tax authorities or face a fine. Similarly, the foreign service-provider must now not...

Wed, 13 Dec 2006: Union refuses to back down against Tallink…

According to reports in the Swedish press, the executives 's the group includes CEO Enn Pant, Andres Hunt and Keijo Mehtonen 's began to behave aggressively and eventually insult the service staff...

Wed, 25 Oct 2006: Latvian dairy industry may face further consolidation…

Milk purchases are stable, despite aggressive pricing. In Latvia, milk purchases increased by 6.4 percent in 2004 and 8.2 percent in 2005 reaching 571 thousand tons, taking into account price grow...

Wed, 19 Oct 2005: Potential deals make airlines the industry to watch…

Given Ryanair's reputation for holding out for the best offer, ultimately the choice will boil down to which government is capable of promising the most tax breaks and incentives. The final decisi...

Wed, 21 Sep 2005: Buying a business in the Baltics: how to avoid a “pig in a poke”…

If experience is any indication, the most lucrative targets in the Baltics are those companies with a sufficient market share and a solid brand name. About 50 percent of Latvia's top 100 companies...

Wed, 3 Aug 2005: Ukraine does about-face on Snaige refrigerators…

"We have lodged the complaint and believe that this misunderstanding will be solved soon," Kestutis Stankevicius, minister counselor at the embassy, said.Failure to agree on the matter might promp...

Wed, 20 Jul 2005: Mazeikiu oil refiner slammed by anti-monopoly authorities, faces huge fi…

Mazeikiu Nafta, an oil refinery and export terminal complex, posted sales of 7.66 billion litas (2.2 billion euros) for 2004, which would put the maximum penalty at 776 million litas. The Competit...

Thu, 12 Aug 1999: Mushroom exporters face tougher checks…

"There are no official papers on our table that say it is like this or that. What happens in August is that the European Commission is on holiday. We have not received any official word. We only h...
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