Wed, 28 Apr 2010: Latvia attractive to foreign investment…

company is planning a global service center for Latvia. It totals several tens of millions of euros in investment creating several hundred new jobs. This would be a service center, employing sever...

Wed, 19 Dec 2007: State, private energy firm keeping mum after finishing merger talks …

16 after a 12-hour session. Economy Minister Vytas Navickas said that the final agreement, which the ministry was to submit to the government for approval, would likely be reached on Dec. 18. "B...

Wed, 28 Nov 2007: Talks on nuclear plant break down…

The transformation of Lietuvos Energija into a national utility/investment company would create risks that the new plant would become dependent on Russia's electricity system, NDX Energija said i...

Wed, 14 Nov 2007: Brussels questions power grid sell-off…

However, a VST report published only a year later put the value of the grid operator's long-term assets at 2.4 billion litas, four times the amount paid. The privatization threw doubt over the co...

Wed, 10 Jan 2007: Norwegians, Israelis compete to take over Bite…

Other companies named as possible investor include MidEurope, a Central and East European investment company, Doughty Hanson, a U.K.-based private equity firm, and VP Market, the Baltics' leadin...

Wed, 16 Nov 2005: Court forces investor to fork over more funds for Liviko…

The investment company had paid minority shareholders 17.5 kroons per share. Amaterasu argued the method of calculating the takeover price, saying NG Investeeringud based its calculations on the b...

Wed, 9 Nov 2005: State to hang onto air carrier…

The Cabinet may return to this subject in the future if a concrete offer is made and it will be advantageous to the state to sell the shares," the government said.The state does not rule out a sal...

Wed, 31 Aug 2005: Ultra-mall poised to raise equity capital…

Vilniaus Akropolis controls Akropolis malls in Vilnius, Kaunas and Klaipeda. In Latvia, it controls Rigas Akropole subsidiary and has daughter companies in Romania and Bulgaria.Last year it posted...

Thu, 20 Mar 2003: New Parex fund registered…

The certificates are to be put on the market on March 24. According to Klaseva, LLF assets will be invested in Baltic and European securities, including government and bank debt securities and mon...

Thu, 4 Mar 1999: Provisioning pulls down Hansapank’s bottom line…

Hansapank CEO Indrek Neivelt, however, said the loss is not considerable compared to the bank's assets and the general situation on the financial markets. According to the predictions made by Hans...

Thu, 17 Dec 1998: Computer assembler fears coming apart…

The bank was Pennu's biggest creditor and the computer assembler owes it up to 50 million kroons.Alo Koop, Pennu's founder and former board chairman, said the previous management knew in spring th...

Thu, 26 Nov 1998: Stock markets: weekly report (November 16 - 22)…

23-24 by VB's and the investment company Vilfima's leadership to meet with their main foreign consultant, Nomura.Vilnius Bank's main argument is that it has remained profitable while Unibanka and ...

Thu, 5 Nov 1998: Kawe Plaza sets the pace for others…

The construction of the seven-story building started in 1997, a year after one of the most expensive land lots at the side of the Freedom Square was privatized. The Kawe Plaza got its name from th...

Thu, 3 Sep 1998: Summed up…

Karu said he finds it inadvisable to seek inclusion in the main list in the present situation. "Kulmhoone is too small a company for this and its shares have relatively low liquidity," he said. T...
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