Wed, 4 Apr 2012: Estonia ramps up shale oil production…

The company spent 200 million euros building the plant, and if it comes into operation without a hitch this year, Eesti Energia intends to spend another 1 billion euros on two additional 280 units...

Wed, 6 Apr 2011: High fuel prices threaten economy…

“Excise and value-added taxes are being increased constantly, but we would like to also see activity to ensure that consumers have more money,” he explains. The government on March 2...

Wed, 18 Mar 2009: The week’s top news in world financial markets from Maximus Capital…

assets like houses, financial securities, etc.) in the Q4 2008 fell by 9 percent compared to Q3 2008. All in all, since the second quarter of 2007, U.S. households have seen $4.7 trillion in housi...

Wed, 26 Nov 2008: Food and fuel prices to plummet …

The price per liter for gasoline in Latvia was approximately .59 lat (.83 euro) for 95 octane at "Neste Latvija," "Viada" and "Lukoil" filling stations around the country. Food prices, most notab...

Wed, 11 Jun 2008: Piebalgs: energy prices to remain high…

"I believe that the oil prices will start falling at some moment, yet the disaster is in the fact that gas prices usually follow the oil prices with some delay, and electricity prices change afte...

Wed, 24 May 2006: Lithuanian gasoline losing ground in Latvia to Norwegian competition…

At the same time the share of Norway-produced gasoline soared to 52 percent from 9 percent. Latvia's Norwegian gasoline imports totaled 76.3 million liters in the reporting period, compared with 6...

Wed, 3 May 2006: Latvia to keep grip on fuel excise…

The minimum excise tax rate set for Latvia in the common European currency is 287 euros per 1,000 liters of gasoline and 245 euros per 1,000 liters of diesel fuel. He said that Economy Minister A...

Wed, 16 Nov 2005: Latvia competition watchdog to examine Mazeikiu’s ‘monopoly’…

After comparing wholesale prices set by Mazeikiu Nafta with wholesale prices in northern Europe, the ministry found that in August Mazeikiu prices were 5 percent higher, and in early September som...

Wed, 5 Oct 2005: Liquefied gas newest craze for shuttlers…

The shuttlers, who have plied their trade for years in cigarettes, vodka and gasoline, as well as foodstuffs, use the standard red gas cylinders that were ubiquitous during the Soviet period to tr...

Wed, 30 Mar 2005: Balts, Poles itching for gasoline…

The project is particularly urgent for Lithuania and Poland, where gas deliveries must first cross Belarusian territory. In early 2004, when Russia decided to cease supplying gas to Belarus for ou...

Thu, 27 Mar 2003: Retail gas prices set to climb further…

"Yes, there will be consequences for the Latvian economy, but the harm will be lighter than for bigger countries," he said."First, prices of gasoline and fuel oil will rise, impacting the price of...

Thu, 20 Mar 2003: Mazeikiu Nafta eyes wholesale sales expansion…

"We do not have any retail sale plans in Estonia, and I was very much surprised when I heard about this via the Estonian press," said Sarunas Kliokys, development director of the firm. "Maybe some...

Thu, 7 Oct 1999: A more efficient Lietuvos Energija?…

Of that, 346.2 million litas were owed to the Ignalina nuclear power plant. This debt has since been reduced by 62 million litas. Another 227.2 million litas were owed to banks. The company has pa...

Thu, 1 Apr 1999: Summed up…

Hansapank has also filed an application with the Lithuanian central bank for acquisition of shares in AB Bankas Hansabank, a subsidiary to be set up in Lithuania. Hansapank currently owns two subs...

Thu, 28 Jan 1999: Summed up…

Large Latvian banks such as Rigas Komercbanka, Hansabank, Rietumu Banka and Latvijas Unibanka all finished 1998 worse off than when they started it.LITHUANIA PUTS SQUEEZE ON FOREIGN VODKA: The Lit...
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