Wed, 28 Mar 2007: Lithuania to create utility giant…
Mar 28, 2007 Lithuania
According to the bill, the state will retain a 51 percent stake in the merged entity, which will also be responsible for carrying out other ambitious energy projects currently on the drawing boar...Tags: Company Act, Continued Development, Drawing Board, Energy Industry, Energy Projects, Grid Connection, High Profile, Lithuania, National Investor, New Developments, Percent Stake, Poland, Private Hands, Profile Projects, Sweden, Utility Giant
Wed, 10 Aug 2005: Brazauskas: RST sell-off put on hold…
Aug 10, 2005 Baltics
The current situation, with half of the country's power distribution in private hands and the other controlled by the state, was appropriate, the prime minister noted. He added that there were no ...Tags: Consumers, Current Situation, European Union, European Union Member States, Grids, International Accounting, Paper Losses, Power Distribution, Pretax Earnings, Prime Minister, Private Hands, Revaluation, Term Assets, Union Member States
Thu, 11 Dec 2003: Lithuanian distillery drama under scrutiny…
Dec 11, 2003 Lithuania
The move caused speculation that Mineraliniai Vandenys, a subsidiary of the massive Kaunas-based MG Baltic conglomerate, had used Stumbras' cash flow to partially finance its purchase.Yet another ...Tags: Attempts, Beverage Group, Cash Flow, Conglomerate, Distiller, Distilleries, Distillery, Fruit Wines, Lithuanian, Outset, Private Hands, Privatization, Reneged, Scrutiny, Speculation, Stake, Subsidiary, Timetable, Vodka
Thu, 9 Jan 2003: Pension funds shift to private hands…
Jan 9, 2003 Baltics
Pauksens said that a precise number of people entrusting their pension fund to private funds would be known by mid-January. The Latvian state-funded pension scheme started working in July 2001, wh...Tags: Banks, Lats, Latvia, Latvian State, Participation, Pension Fund, Pension Funds, Pension Scheme, People, Precise Number, Private Funds, Private Hands, Profits, State Treasury
Thu, 29 Jul 1999: Economists forecast decline…
Jul 29, 1999 Baltics
The former ruling coalition in April alone spent 849 million litas in deficit, as much as was foreseen for the entire year.To cover this deficit and to refinance older loans, the government borrow...Tags: Current Account, Domestic Banks, Economists, Gdp, Institutional Reform, Litas, Loans, National C, Private Hands, Privatization, Radical Measures, Time Accounts
Thu, 15 Jul 1999: Insurers find white knight investor…
Jul 15, 1999 Baltics
It has also undertaken to have the required 80 million kroons in an account in a respectable bank."These conditions are acceptable to us and I don't see any reason why we shouldn't trust the buyer...Tags: Central Europe, Estonian Kroons, Guarantees, Insurance, Insurance Companies, Investor, Largest Insurance, Nuevo Mundo, Premiums, Private Hands, Seguros, Venezuela, White Knight