Wed, 17 Aug 2011: Money floods building sector…

“Deadlines are too short, the whole project could be stretched over 3-4 years, then the sums of money would be spread more evenly,” said Lagus. The CO2 money is not distributed to th...

Wed, 3 Aug 2011: Fast loans back in fashion…

The other group includes people who have lost their job or their source of income, and are unable to repay their loans for a lengthy period of time. The third group includes those who borrow with...

Wed, 29 Sep 2010: Lido seeks bankruptcy protection…

During this period of time the company has become one of the symbols of Latvia, and like all of us, has experienced good and bad times,” indicated Lido owner and director, Gunars Kirsons. Ki...

Thu, 17 Sep 2009: Pan-Baltic airline talks again on the table…

The overcharge was colossal because we use around 110,000 tons of fuel annually; its cost amounts to approximately 80 million lats." He added that the airline is poised to earn a profit this year....

Wed, 19 Aug 2009: Taking Counsel: European Trends and Perspectives in the Regulation of Pr…

A debtor, after the lapse of the prescription period, is entitled to refuse to perform an obligation, and if he does so, a creditor loses his right to demand performance; consequently, the latter ...

Wed, 4 Mar 2009: Taking Counsel: Termination of board members…

It is the Labor Law that by default governs the terms of such an agreement. For this reason, an employment agreement with a board member may include a probation period of three months, giving the ...

Wed, 9 Apr 2008: Struggling Snaige offers convertible bonds…

Convertible bonds are a hybrid security combining features of both equity and debt. The provide fixed income for a period of time 's usually at a rate lower than what the debt market offers 's bu...

Wed, 17 May 2006: LAL may scratch FlyMe deal…

"Therefore, we do not rule out canceling the negotiation agreement and putting the negotiations on hold for an indefinite period of time, unless the Swedes agree to improve the terms of their offe...

Wed, 2 Nov 2005: Cabinet gives green light to oil terminal sale …

Bidders will be informed that all the state-owned shares are being sold within a set period of time, which could either be over one or several days, officials from the Privatization Agency explain...

Wed, 2 Nov 2005: Talking tax…

A group of foreign investors set up a joint venture with a local party in Lithuania. The JV is partly capitalized but also highly debt-financed. Interest on these loans is due under normal conditi...

Wed, 15 Jun 2005: Issues to consider in cross-border employment…

However, the work performed by that employee is, for a limited period of time, in another country for another company or enterprise. Such situations are known as "posting of workers." Since the em...

Thu, 23 Oct 2003: Port, Neste litigation continues…

According to the port, Neste was not complying with its obligations pursuant to the agreement on the minimal amount of oil to be shipped.However, the case currently at the Riga International Arbit...

Thu, 16 Jan 2003: Rumors force run on Vilnius Bank…

"I would be happy if I knew what had caused the rumors, but quite simply, I do not," Julius Niedvaras, president of Vilniaus Bankas, told The Baltic Times.Regardless of the source, it is clear tha...

Thu, 15 Oct 1998: Fate unknown for eight Estonian funds…

Marek Magi, head of the Securities Inspectorate, said the funds were managed well and the objective now is to make them work normally. Out of 23 Estonian funds, five are under the liquidation proc...

Thu, 1 Oct 1998: Russian oil pours through Estonia…

Estonian Railway is now carrying between 25 and 27 trains per day. Previously, they were averaging 20 to 22 trains per day. "And then we considered it to be a very good week," said Liia Rakson, pu...
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