Wed, 1 Jun 2011: Banks to ease requirements…
Jun 1, 2011 Baltics
However, faster easing of lending conditions was restricted by the fact that operational risk of certain business sectors (real estate, construction, hotels and restaurants) did not decline. The ...Tags: Banks, Business Sectors, Consumer Confidence, Economic Environment, Economic Growth, Excessive Level, Fi, Financial Situation, Hotels, Housing Market, Indebtedness, Market Prospects, Operational Risk, Real Estate, Restaurants, Surveys
Wed, 3 Nov 2010: Rating agencies lose credibility…
Nov 3, 2010 Baltics
Rules set by the Basel Committee on Banking Supervision forced banks to increase the capital they held against assets that were downgraded by ratings companies, leading to fire sales. Commitments ...Tags: Assets, Basel Committee On Banking Supervision, Benchmark, Central Banks, Chris Atkins, Collateral, Commitments, Credibility, European Commission, Fi, Investors, Judgments, Proposals, Reliance, Spokesman
Wed, 24 Feb 2010: Korea offers nuclear technology…
Feb 24, 2010 Baltics
The delegates include Lithuania’s Defense Minister Rasa Jukneviciene and Vice Minister of Energy Romas Svedas. “The Lithuanian government is planning to build two nuclear power plan...Tags: Defense Minister, Delegates, Electricity, Fi, Finance, Financial Resources, Government Official, Independent Power Producer, Korea, Korean Government, Lithuanian Government, Minister Of Energy, Money, Nuclear Plants, Nuclear Power Plants, Nuclear Technology, Power Plant, Rasa, Reactors, Vice Minister
Wed, 5 Nov 2008: Government liquidates secretariat …
Nov 5, 2008 Baltics
The government foresees the functions currently carried out by the secretariat will be transferred to the Finance Ministry and other direct government bodies as of Dec. 31. The Finance Ministry...Tags: Atis, Economization, Euro, Fi, Finance Minister, Finance Ministry, Government Bodies, Government Budget, Lats, Liquidation, Political Views, Press Release, Reorganization, Secretariat, Staff Positions, Wed 5
Wed, 22 Aug 2007: Battle for OMX continues…
Aug 22, 2007 Baltics
As a consequence, Borse Dubai breached the applicable Act on Takeovers in the Stock Market. "When Borse Dubai made the press release public it had not undertaken to follow the rules that Nordic ...Tags: Consequence, Counte, Embarrasment, Fi, Law Dictates, Omx, Oversight, Press Release, Shareholders, Stock Market, Stockholm, Swedish Law, Takeover Bids, Takeovers
Wed, 29 Mar 2006: Latvia at a crossroads of West and East in rich investors’ hunting…
Mar 29, 2006 Latvia
Indeed, Latvia is still waiting for the "big guys" to come. According to some estimates, West European and U.S. institutional investors have set the allocation targets for Central and Eastern Euro...Tags: Baltic State, Big Guys, Bulgaria, Central And Eastern Europe, Central Europe, Croatia, Crossroads, Estimates, Fi, Footstep, Hunting, Institutional Investors, Investment Advisors, Investor, Latvia, Rich Investors, Romania, Russian Market, Targets, Ukraine
Wed, 19 Oct 2005: Tele2 fed up with foot-dragging…
Oct 19, 2005 Baltics
"We regret that, given the current regulatory environment in Estonia, Latvia and Lithuania, we do not, at this point, see any alternative other than to stop further investments in our fixed line o...Tags: Ceo, Competitive Market, Elion, Estonia Latvia, Fi, Implementation, Investments, Johan, Lars Johan Jarnheimer, Lattelekom, Line Markets, Regulatory Authorities, Regulatory Environment, Regulatory Framework, Tele2
Wed, 20 Jul 2005: Mazeikiu oil refiner slammed by anti-monopoly authorities, faces huge fi…
Jul 20, 2005 Baltics
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...Tags: Algirdas Brazauskas, Allegations, Authorities, Competition Council, Export Terminal, Face, Faces, Fi, Final Decision, Maximum Penalty, Mazeikiu Nafta, Monopoly, News Radio, Oil Refiner, Oil Refinery, Price Gouging, Prime Minister, Radijas, Radio Station
Thu, 25 Sep 2003: Power outage in Tartu angers businesses…
Sep 25, 2003 Baltics
Tartu University's clinic and the police headquarters, for instance, had their electricity cut off for several hours.A company that produces concrete panels had to stir 20 cubic meters of concrete...Tags: Angers, Concrete Mixer, Concrete Panels, Cubic Meters, Electricity, Equipment Failure, Explosion, Fi, Police Headquarters, Postimees, Power Gear, Power Outage, Power Radio, Radio Stations, Short Circuit, Switchgears, Tartu
Thu, 17 Sep 1998: Banks bait up for the big fish…
Sep 17, 1998 Baltics
The merged bank's new name is Hansabank-Latvia.Economies of scale and combined assets will save money and reduce risk, allowing Hansabank-Latvia to go after a bigger market share in being able to ...Tags: Assets, Bait Fish, Banks, Big Fish, Corporate Accounts, Economies Of Scale, Fi, Hansabank, Hansapank, Latvia, Market Share, Merger Deal, Money, Original Board, Risk, Shareholders, Vote