Wed, 2 Mar 2011: Exports shrink trade deficit…

In 2010, commodity exports were led by machinery and equipment (23 percent of Estonia’s total exports), followed by mineral products (16 percent) and agricultural products and food preparati...

Wed, 5 May 2010: Lithuania a drag on Swedbank forecast…

“Loans overdue for more than 60 days are still growing in Lithuania, while they have reached a bottom in Estonia and Latvia.” Loans overdue for more than 60 days rose to 1.6 billion l...

Thu, 1 Apr 2010: Dombrovskis says to get tough on Greece…

“Other countries should not be punished because one of the euro zone countries is not performing. What will be needed is stronger monitoring and a sanctions mechanism.” Latvia turned ...

Thu, 4 Mar 2010: The week’s top news in world financial markets from Maximus Capital…

The group’s jobs gauge rose to the highest level since January 2005. Combined with a report showing consumer spending in January climbed more than anticipated, the figures signaled the expan...

Wed, 2 Dec 2009: The week’s top news in world financial markets from Maximus Capital…

“A number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core functions,” the Fed chairman said in a commen...

Wed, 11 Nov 2009: Controversial pipeline given green light to move forward…

Denmark approved the project on Oct. 22. This leaves only Russia and Germany to approve the project. Once up and running, Nord Stream could mean the end of Ukraine's status as a major gas-transi...

Wed, 28 Oct 2009: Not so fast for that fast credit …

However, with the banks stiffening lending policies in this economic crisis, those who need access to credit have been able to turn to these quick-credit operations, some of which skirt the rules....

Thu, 8 Oct 2009: Currency peg to blame for worsening economy, says Cordero…

Latvia's economy is suffering the second-worst contraction in the European Union and in December had to turn to a group, led by the EU and IMF, for a 7.5 billion euro loan to help support its fin...

Thu, 14 May 2009: Parex Bank to restructure…

"We need to centralize support functions and insure that they give services to those who work with clients according to market principles," said Melngailis. Parex Bank will still offer its usua...

Wed, 12 Dec 2007: Melngailis holds onto CEO spot, Lattelecom privatization uncertain…

Lattelecom's financial director and board member, Juris Gulbis, will assume the chairman's position. Gundars Strautmanis, chairman of Lattelecom's council, said that Melngailis' place on the five...

Wed, 23 May 2007: Polish worker killed in refinery accident…

The injured man was evacuated to a Klaipeda hospital. The accident took place less than two weeks after Lithuanian prosecutors accused two U.S. executives running the refinery of failing to carry...

Wed, 4 Oct 2006: World Bank sites labor issues as challenge for Baltic growth…

Evidence showed that fears in Western Europe of massive inflows of workers and their negative impact on the receiving labor markets were unfounded. Foreign workers from poorer member states genera...

Wed, 12 Oct 2005: Environmental scare forces Jelgava sugar mill to shut down…

Still, as a precautionary measure Environment Minister Raimonds Vejonis ordered the mill to cease discharging liquid waste into the river, forcing it to shut down completely. Board chairman Janis ...

Wed, 17 Aug 2005: Minister suspicious of Latvenergo…

The state procurement bureau reported recently that among Latvia's public utilities providers Latvenergo last year led in terms of the value of procurement contracts with 258.5 million lats, or 59...

Wed, 27 Apr 2005: EMT continues to dominate market…

"Operators' special offers to contractual customers have led to a reduction in the number of pre-paid call cards," Eesti Telekom said in a statement. The group's first quarter results were also po...

Thu, 25 Sep 2003: Bush-Putin honeymoon fading ahead of summit…

president, who had said in July 2001 that he had looked into the ex-spy's "soul" and found he could trust him.Russia as a result became a firm ally in the war on terror as policymakers in the Unit...

Thu, 18 Sep 2003: TeliaSonera offers to buy out Lattelekom…

Prematurely ending the agreement led to lawsuits, first byTeliaSonera, and later a counter suit by the Latvian government.TeliaSonera asked for compensation of 80 million lats (137 million euros),...

Thu, 18 Sep 2003: Kemeri to become a unique spa ­ again…

The lack ofheating in winter, among other factors, led to the building's decay.In 1998, the state-owned Kemeri health spa was put up for auction by theLatvian Privatization Agency.Ominasis Italia ...

Thu, 5 Jun 2003: Oil shipments sagging at Klaipeda port…

"The Lithuanian oil refinery Mazeikiu Nafta restarted oil product exports in May, but the reason why oil-product volumes increased in May compared with April was a drop in crude oil prices, which ...

Thu, 4 Nov 1999: Enough room for Williams and IMF?…

The pact will give Williams a significant chunk in the country's oil complex.But the controversial deal, which requires cash-strapped Lithuania to lend millions of litas to the ailing oil company,...

Thu, 22 Jul 1999: KLASCO stumbles out of the gate…

For that reason he believes KLASCO will end the year with a profit.In the first half of this year, KLASCO moved a total of 3.07 million tons of cargo, or 32 percent less than the same time period ...

Thu, 26 Nov 1998: Compensation fund dips into the red…

The fund was founded by the state to redeem compensation vouchers. Estonian taxpayers receive compensation vouchers according to years of employment. The vouchers are meant to compensate for losse...

Thu, 6 Aug 1998: Quicker passage at Estonian-Latvian border …

19. "Border crossing at those checkpoints will speed up by one third, as those leaving the country will only be checked in the country of arrival," said Customs Department General Director Rein Ta...
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