Wed, 8 Jun 2011: Lukashenko defiant amidst crisis…

The size and maturity of a package from the Washington-based lender “will be determined by the country’s financing needs and its balance of payments.” The Russian-led Eurasian E...

Wed, 2 Mar 2011: Disgruntled shareholders claim rights…

The value of investment by Parex Bank minority shareholders has reduced significantly since the government bailed the bank out in 2008. The transfer of Parex Bank so-called ‘good’ as...

Thu, 25 Feb 2010: Another down year for Baltics…

These forecasts are the most pessimistic of the past two months from the bank. The Baltic states continue to log the European Union’s biggest economic declines. The collapse of their cred...

Wed, 10 Feb 2010: Lithuania urged to continue reforms…

“In this very complicated crisis situation the Lithuanian government institutions have taken significant and resolute decisions, which mitigated the impact of the global financial crisis and...

Thu, 18 Jun 2009: Kalvitis steps down as Lattelecom chairman …

Kalvitis informed current People's Party head Mareks Seglins and Maris Kucinskis of his decision. "Currently, as Latvia is battling with the global financial crisis, the priorities are to use the...

Wed, 10 Jun 2009: Lithuania defends currency…

A lot of speculation has been about the lats. We hope the Latvian government takes all the steps to ensure that stability is maintained," Majauskas added. The Lithuanian litas is pegged at a value...

Wed, 4 Feb 2009: Swedbank forecasts unprecedented lows…

The bank now predicts that Estonia's economy will drop by 7 percent in 2009 's more than triple the bank's previous estimate of 2.3 percent. Furthermore, the revisions see Lithuania's expected a...

Wed, 28 Jan 2009: Rimsevics: Latvia could still adopt euro in 2012 …

"The risks that built up during the years of steep growth through inadequate fiscal policies and the failure to create provisions for the times of slower economic development have started to real...

Wed, 5 Nov 2008: Taking Counsel: Bank deposit guarantees increased in light of the financi…

1, 2008 until Oct. 31, 2009), increase bank deposit guarantees to 345,280 litas (100,000 euros). Currently only deposits of up to 75,960 litas (22,000 euros) are insured: the first 10,400 litas (3...

Wed, 24 Oct 2007: Lithuania benefits from easing global financial crisis…

Investors included fund managers, pension funds, insurers and central banks in the European investor community with Germany taking the biggest chunk, a 30 percent allocation, and France the secon...
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