Thu, 2 Jun 2011: Lithuania joins AAU market…

Lithuania, which has 50 million surplus allowances through 2012 of greenhouse gas emission allowances granted under the Kyoto Protocol, wants to use the proceeds for subsidies, loans and investmen...

Wed, 28 Jul 2010: Consortium expresses interest in gas-fired power plant…

We are only interested in the technical implementation possibilities of the project,” stressed Goldman, adding that the necessary financial resources were already in place in a fund belongin...

Thu, 16 Oct 2008: Finance ministry to increase deposit insurance…

7. The limit had previously been set at 20,000 euros on Jan. 1, 2008. The ministry made the move to stave off concerns that depositors might lose their money if a bank were to collapse. EU financ...

Wed, 15 Oct 2008: INPP will stay open: Economy Minister to EU…

The years 2010-2012 will be the most difficult for us; therefore, the postponement date is 2012," Navickis said. Lithuanians voted on the referendum to extend the lifespan of INPP on Oct. 12, but...

Wed, 24 Oct 2007: Bridgepoint targets Baltic opportunities…

Its current portfolio of investments employs over 48,000 people with a combined turnover of €6 billion. The Warsaw office is the eighth in Bridgepoint's European office network which includes Fr...

Wed, 2 Aug 2006: Snoras chiefs after majority stake…

Consideration of the application was postponed, with central bank officials saying they needed to study documents submitted. Luxembourg-registered Conversgroup Holding Company is Snoras' single l...

Wed, 22 Mar 2006: Snoras acquires two Russian banks…

The Lithuanian bank is also negotiating the purchase of a controlling interest in Cypriot Universal Bank or another unnamed bank, and is searching for possible acquisition targets in Estonia and ...

Wed, 1 Mar 2006: More Balts using multiple mobile phones…

Luxembourg was second with 131.9 percent, Barbados third at 131.1 percent and the Netherlands fourth at 128 percent.Darius Montvila, deputy CEO of mobile operator Bite Lietuva, said that a signifi...

Thu, 19 Jun 2003: Latvia still on bottom in key statistic…

The Latvian Institute of Economy director, Raita Karnite, said that growth of GDP per capita to 35 percent from 33 percent could be considered rather steep. She said Latvia's economic growth was m...

Thu, 3 Apr 2003: Snoras acquired by Russia’s nuclear interests…

To circumvent the rule, Konversbank purchased 100 percent of Luxembourg-registered Incorion Investment Holding Company, a move that also exempts the deal from initial regulation by the Bank of Lit...

Thu, 3 Apr 2003: Hopes of economic recovery dim with war…

It dropped in all member states except for Luxembourg and the Netherlands, where it remained unchanged, and Portugal where it rose by 0.3 percentage point.The new source of gloom came barely two w...

Thu, 9 Jan 2003: Alcohol intake keeps growing…

"In Estonia, the popularity of vodka is still at a higher level [compared to Western Europe]."In 2001 the pure alcohol consumption per capita was 8.4 liters, and Estonia's tourists digested some 0...

Thu, 19 Aug 1999: Lietuvos Telekomas gets giant loan…

The participating banks are Merita Bank, Swedbank, Leonia Corporate Bank, Dresdner Bank Luxembourg, Vereins-bank Riga and Nordic Investment Bank.Lietuvos Telekomas plans to use the loan for invest...
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