Wed, 1 Jun 2011: Banks to ease requirements…

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 ...

Wed, 3 Nov 2010: Rating agencies lose credibility…

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 ...

Wed, 24 Feb 2010: Korea offers nuclear technology…

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...

Wed, 5 Nov 2008: Government liquidates secretariat …

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...

Wed, 22 Aug 2007: Battle for OMX continues…

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 ...

Wed, 29 Mar 2006: Latvia at a crossroads of West and East in rich investors’ hunting…

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...

Wed, 19 Oct 2005: Tele2 fed up with foot-dragging…

"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...

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, 25 Sep 2003: Power outage in Tartu angers businesses…

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...

Thu, 17 Sep 1998: Banks bait up for the big fish…

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 ...
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