Wed, 2 Mar 2011: Exports shrink trade deficit…
Mar 2, 2011 Baltics
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...Tags: Agricultural Products, Commodity Exports, Electricity, Food Preparations, Fuel Oils, Led, Mineral Products, Rsquo, Trade Deficit, Turnover
Wed, 5 May 2010: Lithuania a drag on Swedbank forecast…
May 5, 2010 Lithuania
“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...Tags: Baltic Countries, Banks, Drag On, Estonia, First Quarter, Latvia, Led, Lithuania, Lithuanian, Losses, Nordea Bank, Problem Loans, Rsquo, Seb, Swedbank, Wed 5
Thu, 1 Apr 2010: Dombrovskis says to get tough on Greece…
Apr 1, 2010 Baltics
“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 ...Tags: Budget Deficit, Collapse, Countries, Euro Zone, European Commission, Greece, Imf, Latvia, Led, Lender Of Last Resort, Parex, Rsquo, Sanctions
Thu, 4 Mar 2010: The week’s top news in world financial markets from Maximus Capital…
Mar 4, 2010 Baltics
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...Tags: Consumer Spending, Employment, Euro Zone, Export Orders, Factories, Financial Markets, Gauge, Global Demand, Inventories, Invest, January 2005, Jobs, Led, Pace, Rebound, Rest Of The World, Ripple, Rose, Top News, World Economy
Wed, 2 Dec 2009: The week’s top news in world financial markets from Maximus Capital…
Dec 2, 2009 Baltics
“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...Tags: Bernanke, Core Functions, Creation, Economy, Energy Costs, Euro Zone, Fed Chairman, Federal Reserve, Financial Markets, Financial Meltdown, Great Depression, Lawmakers, Led, Legislative Proposals, Maximus, News World, Seven Months, Slump, Top News, World War Ii
Wed, 11 Nov 2009: Controversial pipeline given green light to move forward…
Nov 11, 2009 Baltics
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...Tags: Acquiescence, Baltic Sea Environment, Consequences, Denmark, European Union, Europeans, Germany, Hundreds Of Thousands, Kiev, Led, Moscow, Natural Gas Supplies, Pipeline, Russia, Russian Gas, Russian Natural Gas, Swedish Government, Term Viability, Transit Country, Ukraine
Wed, 28 Oct 2009: Not so fast for that fast credit …
Oct 28, 2009 Baltics
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....Tags: Apartment, Borrowers, Credit Operations, Economic Crisis, Funding Sources, Hooligans, Leasing Companies, Led, Legal Advertising, Money Market, National Newspapers, Reputable Banks, Skirt
Thu, 8 Oct 2009: Currency peg to blame for worsening economy, says Cordero…
Oct 8, 2009 Baltics
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...Tags: Budget Deficit, Bulgaria, Contraction, Cordero, Currency Peg, Euro, European Union, Exchange Rate, Flexible Exchange Rates, Gdp, Imf Report, Latvia, Led, Polish Economy, Public Spending, Romania, Second Half, Shock Absorber, Worsening Economy
Thu, 14 May 2009: Parex Bank to restructure…
May 14, 2009 Baltics
"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...Tags: Led, Market Principles, Parex Bank, Private Bank, Private Capital Management, Small Business Loans, Support Functions
Wed, 12 Dec 2007: Melngailis holds onto CEO spot, Lattelecom privatization uncertain…
Dec 12, 2007 Baltics
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...Tags: Board Member, Ceo, Employee Buyout, Financial Director, Lats, Lattelecom, Led, Management Employee, Member Board, Mobile Operator, Privatization, S Council, Stake, Vacancy
Wed, 23 May 2007: Polish worker killed in refinery accident…
May 23, 2007 Baltics
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...Tags: Ceo, Damages, Duration, Led, Lithuania, Maintenance Work, Oil Throughput, Paul Nelson, Proper Maintenance, Prosecutors, Refinery, Running
Wed, 4 Oct 2006: World Bank sites labor issues as challenge for Baltic growth…
Oct 4, 2006 Baltics
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...Tags: Baltic States, Domestic Workers, Economic Growth, Expansion Plans, Fears, Growth Evidence, Labor Issues, Labor Markets, Led, Member States, Money, Negative Impact, Outflow, Sectors, Wage Pressures, Wages, Western Europe, World Bank, World Challenge
Wed, 12 Oct 2005: Environmental scare forces Jelgava sugar mill to shut down…
Oct 12, 2005 Baltics
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 ...Tags: Board Chairman, Environment Minister, Led, Liquid Waste, Oxygen Deficiency, Precautionary Measure, Raimonds, River Water, Scare, Starters, Sugar Mill, Weather Conditions
Wed, 17 Aug 2005: Minister suspicious of Latvenergo…
Aug 17, 2005 Baltics
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...Tags: Lats, Led, Procurement Contracts, Public Utilities, State Procurement, Total Value
Wed, 27 Apr 2005: EMT continues to dominate market…
Apr 27, 2005 Baltics
"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...Tags: Call Cards, Communications Board, Emt, Estimates, Estonia, First Quarter, Led, Market Operators, Mobile Number Portability, Mobile Penetration, Mobile Service Providers, Mobile Telephone, Quarter Results, Special Offers, Telephone Number, Three Months, Which Allows Users
Thu, 25 Sep 2003: Bush-Putin honeymoon fading ahead of summit…
Sep 25, 2003 Baltics
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...Tags: Ahead, Ally, Bush Putin, Canada Institute, Deputy Director, Disappointment, Energy Partnership, Honeymoon, Invasion Of Iraq, Led, Loyal Friend, Middle East, Moscow, Policymakers, Russia, Russian Opposition, Special Relationship, Spy, Summit, War On Terror
Thu, 18 Sep 2003: TeliaSonera offers to buy out Lattelekom…
Sep 18, 2003 Baltics
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),...Tags: Baltic, Chief Spokesman, Damages, Euros, Impasse, Lats, Latvian Government, Latvian State, Lawsuits, Led, Ruraldevelopment, Stipulation, Teliasonera
Thu, 18 Sep 2003: Kemeri to become a unique spa again…
Sep 18, 2003 Baltics
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 ...Tags: Auction, Debt Obligations, Decay, Health Spa, Invest, Investments, Kemeri, Lats, Latvian Privatization Agency, Led, Ominasis Italia, Purchase Contract
Thu, 5 Jun 2003: Oil shipments sagging at Klaipeda port…
Jun 5, 2003 Baltics
"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 ...Tags: Aviation Fuel, Buyers And Sellers, Crude Oil Prices, Diesel Fuel Tanks, Fuel Oil Tanks, Gasoline Diesel, Heavy Fuel, Led, Mazeikiu Nafta, Oil Exporters, Oil Product, Oil Products, Oil Refinery, Oil Shipments, Oil Tankers, Product Volumes, Reason, Reloading, Spokeswoman, Two Tanks
Thu, 4 Nov 1999: Enough room for Williams and IMF?…
Nov 4, 1999 Baltics
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,...Tags: Baltic Division, Chunk, Controversial Deal, Deputy Chief, Division Deputy, Financial Developments, Imf, International Monetary Fund, Led, Litas, Lithuania, Nov 2, Odd, Oil Company, Pact, Painful Choices, Roadblocks
Thu, 22 Jul 1999: KLASCO stumbles out of the gate…
Jul 22, 1999 Baltics
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 ...Tags: Confederation, Consortium, Industrialists, Led, Litas, Reason, Same Time Period
Thu, 26 Nov 1998: Compensation fund dips into the red…
Nov 26, 1998 Baltics
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...Tags: Apartments, Business Deals, Citizens, Compensation Fund, Current, Dips, Employment, Estonian Taxpayers, Investments, Led, Losses, Shares, Soviet Union, Stock Exchange, Vouchers
Thu, 6 Aug 1998: Quicker passage at Estonian-Latvian border …
Aug 6, 1998 Estonia
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...Tags: Aru, Border Crossing, Borders, Checkpoint, Checkpoints, Common Control, Customs Department, Delegation, Government Delegations, Latvia, Led, Peep, People, Regional Minister, Thr, Valka