Wed, 11 Jan 2012: Russians swarm Lithuanian malls and resorts…

What is a surprise is the Easterners’ increasing appetite for luxury items, marking the guests’ rebounding financial situation. Renata Jakubcioniene, a representative of Akropolis, t...

Thu, 22 Apr 2010: Sweden next in propping up Latvia…

The money received so far has helped preserve the lats peg to the euro and reduce loan losses at Sweden’s Swedbank and SEB, the biggest banks in the Baltic region. Sweden’s loans wil...

Thu, 17 Dec 2009: Tax assessment procedures - Room for improvement?…

Clearly the state must collect taxes. But where the quantum of taxes payable is at issue, is care always taken in tax assessment? Take, for example, the case of a Latvian company seconding employe...

Thu, 25 Sep 2008: Construction begins on new business park …

"Business parks next to airports are growing rapidly across Europe, and Latvia's case is special thanks to the ideal synergy of location and business culture. We are investing, because we believ...

Thu, 3 Jul 2008: Piebalgs defends Nord Stream…

Nord Stream would increase gas supplies by 55 billion cubic meters of gas a year. Does such a gas consumption change Europe's dependence on Russia strategically? No," he told Latvijas Avize in an ...

Wed, 6 Feb 2008: Taking counsel - Introducing SEPA ’s the single euro payment area…

The system will enable businesses, both large and small, to make payments to anyone located in Europe 's i.e., the EU27 plus Iceland, Liechtenstein, Norway and Switzerland 's using only a single b...

Wed, 13 Jun 2007: Taking counsel: Has the time come for employee incentives in the Baltics…

In France, almost 20 percent of large companies have share option plans. Profit-sharing schemes are mandatory for profitable companies with 50 employees or more, and are optional for others. Of co...

Wed, 30 May 2007: U.S. firm buys regional paper…

firm. "Soon renewed, revised and even more professional publications will reach our readers," he added. Panevezio Balsas' executives hope to strengthen their staff and do not rule out launching ...

Wed, 31 Jan 2007: Lukoil breaks into gasoline sector…

The gas is high-quality, European-standard (Euro 4 and Euro 5) and will be sold at Lukoil's filling stations, Lukoil Baltija R said in a statement. Haim Kogan, chairman of Lukoil Baltija R, said ...

Wed, 9 Aug 2006: Latvia, Estonia unfazed by Mazeikiai woes…

There should be no problems of supply if the Mazeikiai plant comes to a standstill," he told a government press conference last week. The prime minister said the major Estonian fuel retailers had ...

Wed, 26 Jul 2006: GE mulling purchase of Latvian bank…

In June of this year, Sweden's GE Money Bank registered in Latvia and joined the Latvian Commercial Banks' Association. Also, GE Money marketing director Girts Freibergs has said that opening a r...

Wed, 24 May 2006: Lithuanian gasoline losing ground in Latvia to Norwegian competition…

At the same time the share of Norway-produced gasoline soared to 52 percent from 9 percent. Latvia's Norwegian gasoline imports totaled 76.3 million liters in the reporting period, compared with 6...

Wed, 1 Mar 2006: Latvia leads in new bank cards…

According to First Data Latvia information, at the end of 2005 there were 1.06 bank cards per capita in Estonia (up from 0.97 a year ago), 0.7 in Latvia (up from 0.57) and 0.82 in Lithuania (up fr...

Wed, 14 Dec 2005: Snaige undergoes shareholder shift…

Now we repaid the debt and settled the accounts," explained Darius Janulevicius, Hermis Capital co-owner and CEO. Hermis Capital retained approximately 1 percent of Snaige, while Survesta, which w...

Wed, 26 Oct 2005: Latvijas Balzams wins lucrative Norwegian tender…

Company managers were set to release more detailed information about this contract and the company's exports at a news conference on Oct. 26. Norway possesses some of the most expensive retail pri...

Wed, 28 Sep 2005: Statoil to diversify gas supllies…

"The company is already planning to increase supplies from Scandinavia in the near future," he said. Ulmanis added that Statoil Latvija, which is owned by Norway's Statoil, is buying diesel fuel m...

Wed, 31 Aug 2005: Misleading potato-chip ad results in fine…

Market research showed the market share of Lay's chips in Latvia is some 30 percent and not 60 percent as suggested by the ad. Latvian Snack representative Gunita Ellere told the Baltic News Servi...

Wed, 30 Mar 2005: Latvia to get a liquefied gas terminal…

There are no bureaucratic political obstacles there," Savickas said. He explained that the company has been considering the project since learning that natural gas consumption in Latvia and neighb...

Wed, 9 Feb 2005: Baltic bus repair outfit eyes Scandinavia…

"We wish to conclude at least one-year agreements with four Nordic bus companies to ensure stability in this new business area," Osula said. A couple of years ago Sebe created globally standardize...

Wed, 12 Jan 2005: Development leaders assess Latvia’s future…

One of those strengths is the country's skilled, polyglot workforce. "Latvian workers have a high level of education and motivation and are able to react quickly to their clients' changing needs,"...

Thu, 27 Nov 2003: EU to hit U.S.A. with sanctions if WTO ignored…

6, five days after the WTO officially adopts a ruling against U.S. steel tariffs, unless Washington complies with the decision."We will take action five days after the adoption of the ruling on De...

Thu, 1 May 2003: SAS slow to adopt U.S. terrorism rules…

11, 2001, attacks, the European Union negotiated an agreement with Washington under which information on religion, health or ethnicity would not be handed over.But concerns remain that information...

Thu, 20 Mar 2003: Mazeikiu Nafta eyes wholesale sales expansion…

"We do not have any retail sale plans in Estonia, and I was very much surprised when I heard about this via the Estonian press," said Sarunas Kliokys, development director of the firm. "Maybe some...
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