Wed, 18 May 2011: Plaude-Relingere ruling overturned…
May 18, 2011 Baltics
The bank said in its petition that Riga Vidzeme District Court’s decision to declare Plaude-Relingere insolvent was unfounded, and claimed that several procedural and legal provisions were v...Tags: Businesswoman, Creditors, Dodge, Financial Situation, Insolvency Procedures, Legal Provisions, Liabilities, Parex, Petition, Riga, Rsquo, Vidzeme District
Wed, 27 Apr 2011: Rules say ‘no’ to use of reserves…
Apr 27, 2011 Baltics
The government split Parex into an asset management company and created a new retail bank called Citadele Bank in preparation for the sale of both. “Our mandatory reserves are calculated a...Tags: Asset Management Company, Chairman Christopher, Euros, Finance Loan, Gwilliam, Investments, Liabilities, Logical Step, Ministry Of Finance, Parex, Retail Bank, Riga Stock Exchange, Rsquo, Syndicated Loan, Tranche
Wed, 24 Nov 2010: Business Analysis: Time for a real partnership in the Baltic…
Nov 24, 2010 Baltics
I am particularly keen to see all three governments fully embrace and implement Public Private Partnerships (PPP). For those who don’t know, PPP is a mechanism which allows the state to co...Tags: Analysis Time, Baltic, Bid, Business Analysis, Business Partnership, Europe, Governments, Infrastructure Projects, Liabilities, Manifestations, Ppp, Private Money, Private Sector, Public Private Partnerships, Rsquo, Social Infrastructure
Wed, 10 Feb 2010: Parex gets new funds…
Feb 10, 2010 Baltics
According to information provided by Parex, of the approximately 218 million lats which is necessary for the current credit syndicate repayment, the bank will be able to provide around 118 milli...Tags: Lats, Liabilities, Ministry Of Finance, Money, Own Resources, Parex, Rsquo, State Guarantee, Syndicate, Term Deposit
Thu, 28 Jan 2010: Bank takes over sports hall…
Jan 28, 2010 Baltics
The details of the deal were not revealed. The sports hall was built in 2006 in preparation for the ice hockey world championship. The building’s total area is 22,570 square meters. Last ...Tags: Competitor, Effective Management, Events Calendar, Hectares, Hockey World Championship, Latvia, Liabilities, Long Time, Management Arena, Prospects, Reason, Riga, Sports Hall, Square Meters, Taking Into Consideration, Venue
Wed, 15 Jul 2009: Recent developments in Residential Property Management…
Jul 15, 2009 Baltics
Existing law does not deal with minimum common funds or maintenance funds, or the rights and obligations of building managers. Although the introduction of a new law is not necessarily a proper ...Tags: Absence Management, Authorities, Building Management, Building Managers, Competence, Instances, Latvia, Law Deals, Legal Management, Liabilities, Life And Limb, Maintenance Funds, Management Standards, Municipality, Poor Quality, Proper Solution, Recent Developments, Residential Dwellings, Residential Property Management, Wisdom
Wed, 19 Dec 2007: TALKING TAX: Independent self-employed or agents as employees?…
Dec 19, 2007 Baltics
However, if the same individual provides personal services under an independent contractor or agent agreement there is no "employer"social security contribution liability for the contracted indiv...Tags: Employment Agreements, Employment Relationship, Income Tax Law, Independent Contractor, Independent Self, Latvian State, Liabilities, Personal Income Tax, Personal Services, Personal Tax, Physical Circumstances, Self Employed, Social Security, Social Security Contribution, State Revenue, Wages
Wed, 11 Oct 2006: Finland’s Kesko sells holding in Rimi Baltic to ICA…
Oct 11, 2006 Baltics
By selling its stake in Rimi Baltic, Kesko will be released of the guarantees and liabilities attached. Additionally, Rimi Baltic will pay back its 24 million euro loan to Kesko Food. Kesko will e...Tags: Baltic Market, Bengtsson, Euro, Finance, Finland President, Finnish Firm, Guarantees, Ica, Kesko, Liabilities, President Ceo, Profits, Russia, Stake
Wed, 4 Oct 2006: Taking counsel: How much can you rely on your customs …
Oct 4, 2006 Baltics
Such an assumption can be a mistake. As a rule, the agreement between the holder of goods and a broker provides that payments received from the holder of goods to pay taxes and customs duties ha...Tags: Assumption, Broker Company, Custom Duties, Customs Duties, Liabilities, Mistake, Risk, State Budget, State Revenue
Wed, 23 Nov 2005: Administrator calls Riga Sea Lines a lost cause…
Nov 23, 2005 Latvia
He said the company's liabilities exceeded assets by 3 million lats (4.2 million euros). Outstanding debt totaled some 7 million lats."I do not expect anybody to work out a well-grounded recovery ...Tags: Assets, Baltic, Lats, Liabilities, Lost Cause, Parex Bank, Passenger Terminal, Riga Port, Sea Lines, Shipper, Stockholm
Wed, 12 Oct 2005: Auditors unearth old airBaltic loan…
Oct 12, 2005 Baltics
The Latvian Privatization Agency borrowed the funds in order to allow the state to participate in airBaltic's privatization. Sudraba said that the state's liabilities exceed the value of its stake...Tags: Airline, Audits, Balance Sheet, Big Four Accounting Firm, Ernst Young, Latvian Privatization Agency, Liabilities, Loans, Stake, State Budget
Wed, 7 Sep 2005: Brazauskas sacks insurance overseer …
Sep 7, 2005 Baltics
Tadas Kelpsas, a legal representative of plaintiff Autover Lietuva, said, "We will decide on lodging an appeal following the examination of that decision and information available in the bankruptc...Tags: All Creditors, Assets, Balance Sheet, Baltic News Service, Bankruptcy Proceedings, Ingo, Insurance, Legal Representative, Liabilities, Overseer, Plaintiff, Sacks, Seven Days, Total Value
Thu, 6 Mar 2003: Sampo’s profits, assets up…
Mar 6, 2003 Baltics
Sampo Bank Board Chairman Harmo Vark said that the profit had been expected considering that Sampo made considerable investments in increasing its client base last year."For example the number of...Tags: Assets, Board Chairman, Financial Group, Finland, Gross Loan, Harmo, Investments, Liabilities, Loan Portfolio, Pank, Profits, Sampo Bank, Vark
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, 9 Sep 1999: Bankruptcy begins for Litimpeks…
Sep 9, 1999 Baltics
Litimpeks' financial woes were already well known after the bank spent most of August experiencing one bad break after another.The central bank cut off Litimpeks' banking activities Aug. 13. Litim...Tags: Assets, Bankruptcy, Few Days, Financial Woes, Investors, Liabilities, Lithuania, Member Board, National Risk, Savior, Tooth Comb
Thu, 29 Jul 1999: Depositors to decide Komercbanka’s fate…
Jul 29, 1999 Baltics
"If we don't get those 6.3 million lats, and there is no result after this meeting, I will have nothing else to do but start liquidation. I can't allow the current situation to go on indefinitely ...Tags: Assets, Current Situation, Depositors, Doors, European Bank For Reconstruction And Development, Fate, Government Help, Lats, Latvia, Liabilities, Liquidation, Losses, New Prime Minister, Reconstruction, S Central, Syndicates, T Bills
Thu, 25 Mar 1999: The waiting game goes on…
Mar 25, 1999 Baltics
They claimed that Berrey handed over liquidation documents that don't give a clear picture of the bank's financial situation.Invest-Riga Director Andris Denins said, "The balance sheets that were ...Tags: Balance Sheets, Depositors, Explanations, Financial Situation, Invest, Lats, Liabilities, Liquidation, March 11, March 17, Picture Bank, Primary Documents, Riga, Waiting Game
Thu, 10 Sep 1998: Bank takes over debt-ridden TV station…
Sep 10, 1998 Baltics
"Though we have replaced some of the TV 1 leaders, no large scale changes in programming are foreseen as it could reduce the present target group."The shares going to Uhispank are still insufficie...Tags: Andrus, Bank Debt, Bonds, Department Director, Financing Projects, Guarantees, Initial Contract, Interest Rate, Kimber, Liabilities, Loan Department, Real Estate, Scale Changes, Six Months, Target Group, Television Company, Tv 1, Tv Station
Thu, 13 Aug 1998: Cabinet settles LASCO-Latvenergo dispute…
Aug 13, 1998 Baltics
Since LASCO has no need for natural gas, the Latvian government transferred the gas to the state gas utility Latvijas Gaze. The latter never paid LASCO for the received gas.Latvijas Gaze subsequen...Tags: Electricity, Finance Ministry, Lasco, Latvian Government, Liabilities, Natural Gas, Two Birds With One Stone