Wed, 18 May 2011: Deadline approaches for arena completion…
May 18, 2011 Baltics
There is better understanding. There was a list of additional jobs, things to be added for the arena, and it was necessary for the city council to make the decision to allocate additional money fo...Tags: Budget, Deadline Approaches, Infrastructure, Jobs, July 1, Litas, Money, Necessary Step, Parking Garage, Two Bridges
Wed, 6 Apr 2011: High fuel prices threaten economy…
Apr 6, 2011 Baltics
“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...Tags: Additional Income, Alcohol, Amendments, Budget, Cigarettes, Consumers, Excise Duty, Excise Tax, Fuel Economy, Fuel Prices, Gasoline, Income Measures, July 1, Lats, Liters, Money, Tax Rate, Value Added Taxes
Thu, 17 Jun 2010: Energy prices keep heading higher…
Jun 17, 2010 Baltics
It is necessary that we increasingly use renewable energy sources for electricity and heat production in order to ensure price stability and full use of Latvia’s natural resources,” sa...Tags: Cubic Meters, Energy Prices, Energy Sources For Electricity, Gas Tariffs, Gaze, Heat Production, Households, July 1, Latvia, Natural Gas, Natural Resources, Price Stability, Renewable Energy Sources, Rsquo, Water Heaters
Thu, 10 Jun 2010: Kampars wants 12 percent tax rate…
Jun 10, 2010 Baltics
The new law is planned to come into force on July 1, 2010. Meanwhile, the Saeima’s Budget and Finance Committee, while examining the bill, after long discussions agreed to set a tax rate fo...Tags: Budget, Finance Committee, July 1, Legislation, Micro Enterprises, Tax Rate
Thu, 10 Jun 2010: Company briefs…
Jun 10, 2010 Baltics
Passenger numbers in the first few months of the year indicate that the decline is stabilizing. In terms of new destinations, Estonian Air is planning to launch the Tallinn-Athens route on July 5....Tags: Asset Management, Athens, Baltic States, Company Briefs, Company Insurance, Decline, Estonian Air, Finland, Implementation, Insurance, Investment Solutions, July 1, Life Insurance Company, Months Of The Year, New Strategy, Parent Company, Passenger Numbers, Sampo, Subsidiary, Tallinn
Wed, 5 May 2010: Transparency issues still plague business in Latvia…
May 5, 2010 Latvia
This concerns not just the tax policy but also licenses, territorial planning and other factors,” said Slokenbergs. Although energy is a very important aspect in any business, the rules on...Tags: Business Rules, Businessmen, Changing All The Time, Competitiveness, Distribution System, Excise Tax, Investments, July 1, Latvia, Natural Gas, New Era, Plague, Prime Minister, Quota, Renewable Energy Resources, Several Times, Territorial Planning, Transparency, Wed 5
Thu, 13 Aug 2009: Taking Counsel: Amendments to the Law on State and Local Government-Owne…
Aug 13, 2009 Baltics
Such amendments henceforth restrict the commercial activities of subsidiaries established by government owned enterprises. For a number of years, laws which have been binding upon state-owned com...Tags: Amendments, Assets, July 1, Owned Company, Procurement Law, Public Procurement, State And Local Government, State Government, State Owned Enterprises, Subsidiaries, Subsidiary, Supervision
Wed, 14 Jan 2009: Taking Counsel: Decision making at the board: diagnosis ’s disablement …
Jan 14, 2009 Baltics
Before the amendment of Nov. 11, 2008 it stated that a decision of the board may be adopted and the meeting of the Board shall be valid if more than two thirds of all elected board members are pre...Tags: Amendments, Board Member, Board Members, Business Entities, Desire, Diagnosis, July 1, Obstacles, Quorum, Quorum Requirements, Two Thirds, Vote
Wed, 16 Jul 2008: Lithuania votes to keep currency board…
Jul 16, 2008 Lithuania
The spark behind the idea centers on frustration at the government's apparent inability to control rising inflation. The July 1 vote stipulated that the Bank of Lithuania should regain its power...Tags: Adoption, Apparent Inability, Control, Currency Board, Financial Markets, Frustration, Inflation, Interest Rates, July 1, Lead, Lithuania, Monetary Policy, Peg, Valdas Adamkus, Vote
Wed, 9 Jul 2008: Politicians calling for discontinuation of currency peg…
Jul 9, 2008 Baltics
The controversy began July 1, when the Lithuanian parliament adopted a resolution on "immediate measures to rein in the rise in prices and inflation." The resolution called on the government to ...Tags: Active State, Bank Of Lithuania, Controversy, Currency Board Regime, Defense Committee, Discontinuation, Inflation, July 1, Lithuanian Parliament, Measures, Monetary Policy, National Bank, National Security, Parliament, Poland, Politicians, Respo
Wed, 6 Jun 2007: Mazeikiu Nafta CEO resigns, PKN Orlen eyes Latvian oil…
Jun 6, 2007 Latvia
From July 1, Mazeikiu will have a new head," Kownacki said. "Of course the decision is up to the board of Mazeikiu, but if I had to point to a strong candidate, then that would be Marek Mroczkow...Tags: Board Member, Ceo, Crude Oil, Current Board, Damages, Explosion, July 1, Mazeikiu Nafta, Pipes, Prosecutors, Refinery, Throughput, Timely Manner
Wed, 4 Oct 2006: Estonian Energy takes on Latvia…
Oct 4, 2006 Latvia
1, 2007 until Dec. 31, 2011. In the words of the regulator's spokeswoman Zanete Luse, the company must start selling electricity in Latvia by July 1, 2007. Estonian Energy project manager Raul Kiv...Tags: Energia, Energy Production, Energy Project, Energy Systems, July 1, Latvia, Latvian Business, Maintenance, Oil Shale, Owned Company, Raul, Raw Material, Spokeswoman, Subsidiary, Transmission Of Electricity
Wed, 8 Mar 2006: Latvia cuts sugar production by 8.6 percent…
Mar 8, 2006 Latvia
Muceniece said if the mills transferred the sugar to next year, it would deplete working capital since the mills can't sell the sugar, only store it at their own expense. If the mills opted for ad...Tags: Agriculture Ministers, Fodder, Jelgava, July 1, Latvia, Liepaja, Shareholders, Stocks, Sugar Production, Sugar Reform, Working Capital
Wed, 11 Jan 2006: Latvijas Gaze to seek higher tariff…
Jan 11, 2006 Baltics
"The agreement we have with Russia has been signed only for a year. An agreement on the amount of gas deliveries is valid until 2015, but it is planned to sign a new agreement on the price with [R...Tags: Gas Consumption, Gas Deliveries, Gas Tariffs, Gaze, Gazprom, July 1, Latvia, May 1 2006, Natural Gas, Oil Oil, Oil Products, Russia, Russian Gas, Tariff Proposal
Wed, 11 Jan 2006: Legion of one-armed bandits subsides…
Jan 11, 2006 Baltics
He said the halls had to be closed since they could not meet requirements of the new law, which state that the minimum number of gambling machines in a hall should be 20. The taxes and duties levi...Tags: Gambling Machines, July 1, Latvia, One Armed Bandits, Riga
Wed, 5 Oct 2005: Tobacco company makes major turnaround…
Oct 5, 2005 Baltics
During the next financial year, the company plans to continue investing in cigarette-brand marketing and develop cooperation with British American Tobacco, said Jansone. In the financial year 2003...Tags: Brand Marketing, Brands Of Cigarettes, British American Tobacco, Cigarette Brand, Cigars, Cooperation, Danish, Denmark, House Of Prince, Joint Venture, July 1, Lats, Latvia, Major Turnaround, Tobacco Company, Tobacco Group, Tobacco Producers, Tobacco Products, Wed 5
Wed, 6 Jul 2005: Russian calls to stop sale of Mazeikiu stir new controversy, anxiety…
Jul 6, 2005 Baltics
As much as I have heard from the media, I think it is a contradictory action interfering in contractual affairs of another country," Adamkus told Parliament June 30."It has complicated the matter,...Tags: Adamkus, Anxiety, Assets, Bp, Conocophillips, Controversy, Doubt, Gazprom, July 1, Lithuania, Lukoil, Mazeikiu Nafta, Parliament, Prime Minister, Sal, Shares, Tnk Bp
Wed, 1 Jun 2005: Rare break for major gas users…
Jun 1, 2005 Baltics
"The company will correct these mistakes," Loreta Kimutyte, head of public information department of the commission. "In line with legislation, for the prices to come into effect July 1 the compan...Tags: Break, Gas Price, Gas Prices, Gas Transmission, Gas Users, Industrial Users, July 1, Legislation, Private Users, Public Information Department, Tariffs
Wed, 25 May 2005: Lithuanian Cabinet finalizes tax deal…
May 25, 2005 Lithuania
By 2008 the rate will return to the current 15 percent.Previously the political council had decided upon a controversial tax on corporate sales for a period of two years to make up for the road ta...Tags: Business Community, Controversial Tax, Core Component, Farmers, Finance Minister, Income Taxes, July 1, Liberals, Lithuanian, New Democracy, Political Council, Profit Tax, Proposal, Protest, Resentment, Ruling Parties, Social Democrats, Tax Reform
Thu, 10 Jul 2003: Gambling as good as gold…
Jul 10, 2003 Baltics
Meanwhile, gambling companies reported receipts of 26.9 million litas in the first quarter, with winnings totaling 19.8 million litas. Thus, gamblers lost 7 million in the first three months of th...Tags: Casinos, First Quarter, First Three Months, Gamblers, Gambling Law, Gambling Tables, Good As Gold, Jackpot, July 1, Litas, Lithuania, Receipts, Slot Machine, Slot Machines
Thu, 15 May 2003: In Brief - 2003-05-15…
May 15, 2003 Baltics
Still, he lauded their efforts."This is a free promotion of the companies at the international market," Lauras Gaisrys said. (Baltic News Service)Next target: deboned meatELA, the association of ...Tags: Baltic News Service, Cattle Breeders, Competitiveness, Customs Duties, Estonia, Free Promotion, Import Duties, July 1, Life Committee, Meat Processing, Meatpackers, Negative Signal, Rural Life, Target
Thu, 28 Oct 1999: Lietuvos Kuras to be privatized for a song…
Oct 28, 1999 Baltics
Lietuvos Kuras, which has over 120 filling stations in Lithuania, has been swimming in debt. A spokesperson at the country's State Property Fund confirmed that Lietuvos Kuras' liabilities came to ...Tags: Ailing Company, Berkel, Debts, Dutch Investors, July 1, Koepke, Kuras, Liabilities, Litas, Lithuania, Netherlands, Spokesperson, State Property Fund, Swimming, Working Capital
Thu, 8 Jul 1999: Summed up…
Jul 8, 1999 Baltics
RIGA CITY COUNCIL READIES FINGER FOR DIKE: The Riga City Council will prepare a plan to eliminate deficiencies in money management identified by state auditors but has not set a target date for th...Tags: Assets, Bizness, Business Companies, Deficiencies, Investments, July 1, Lats, Money Management, Readies, Riga City Council, Seven Years, State Auditor, State Auditors, Target Date