Wed, 3 Oct 2012: Industrial output weakens in Estonia…

The main reason for the decline in production was the high reference base in the manufacture of electronic products – the effect of this will last till September. In August, the production...

Wed, 27 Apr 2011: Plaude-Relingere ordered to pay…

The reason for this was Kolonna and Plaude-Relingere’s multiple failures to honor their obligations to Parex. Plaude-Relingere, founder and shareholder of the beauty salon/cosmetics compan...

Wed, 17 Feb 2010: E-book challenge to printed word shapes up…

Quite deservedly, many would admit. This is just for one simple reason - an e-book can hold many more books in its memory and gives one the benefit of carrying an entire library, in a pocketbook...

Thu, 28 Jan 2010: Bank takes over sports hall…

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 ...

Wed, 5 Nov 2008: Parex Bank registers massive bonds …

The board of the Finance and Capital Markets Commission decided to register the 53,500 bonds, issued by Parex Bank, for listing on the stock exchange, with the face value set at 100 euros for one...

Wed, 21 Feb 2007: Taking counsel: Still some need for law reform …

The reason, to put it simply, is that civil law focuses almost exclusively on compensatory damages. The awarding of punitive damages is almost unheard of. And while it is only natural that punit...

Wed, 7 Feb 2007: Piebalgs tries to assuage ‘energy dependence fears’…

Piebalgs, in turn, has found himself in the eye of a storm. However, the commissioner refuses to dramatize the situation. Russia, he said, is a reliable energy partner, and will remain so. Russi...

Wed, 8 Nov 2006: TALKING TAX: VAT anti-avoidance: the Baltic angle…

The deadline for the implementation of the Directive is January, 1 2008, and as of now, not one of the Baltic States has a draft law to implement it.Less developed domestic laws might be the reaso...

Wed, 8 Nov 2006: Latvia, Estonia to pay sweet EU fine…

For this reason, Latvia will also have to pay the EU budget 1.1 million euros in 2007, 2008 and 2009. Estonia also was included in the sweet fines laid out by the EC. Estonia has to pay 45.7 mill...

Wed, 8 Nov 2006: Russia widens sprats ban, Latvia seeks compromise…

The bureau stated that laboratory analysis of the five firms' canned fish products indicated an excessively high level - from two to 10 times the permissable norm - of benzopyrene, a carcinogenic ...

Wed, 5 Jul 2006: Latvia prepared to sue EU over sugar reform…

"We crunched the numbers and know precisely that we can't make that kind of deposit." Roze said that the state could theoretically guarantee the deposits for both mills, though this would widen th...

Wed, 29 Mar 2006: Talking tax. Latvia opts in for lateral tax system….

I'm proud of Christina for her to be the rock, in what can be considered a recurring and nasty tax storm each taxpayer is looking for.Hopefully, the Lithuanian government realizes that the end is ...

Wed, 11 May 2005: Finance minister nominee says no reason to fear new corporate tax…

"I do not intend to introduce any new things. We have fiscal discipline, which is mandatory for all; otherwise we would run into difficulties with the compilation of next year budget," he said. "I...

Thu, 5 Jun 2003: Oil shipments sagging at Klaipeda port…

"The Lithuanian oil refinery Mazeikiu Nafta restarted oil product exports in May, but the reason why oil-product volumes increased in May compared with April was a drop in crude oil prices, which ...

Thu, 6 Feb 2003: Sampo Pank doubles client base in 2002…

"On the other hand the reason is that in Estonia people often use the services of several different banks," he added. Sampo Pank's customer base of private individuals alone grew 120 percent last ...

Thu, 21 Oct 1999: Lithuania’s banks make passing marks…

Vilniaus Bankas, Lithuania's largest commercial bank, netted a 53.6 million litas non-audited profit. The country's other banks also had reason to smile. Eduardas Vilkelis, head of the Lithuanian ...

Thu, 22 Jul 1999: KLASCO stumbles out of the gate…

For that reason he believes KLASCO will end the year with a profit.In the first half of this year, KLASCO moved a total of 3.07 million tons of cargo, or 32 percent less than the same time period ...

Thu, 11 Mar 1999: Earnings of the listed and to-be-listed companies…

The consolidated results of the group's trade sector last year were 341.4 million kroons in turnover and 6 million kroons in profit. The consolidated turnover of the group's real estate sector las...

Thu, 5 Nov 1998: Insurance companies looking for strategic investors …

Though talks have been going on for a while, the recent economic problems have made the issue more urgent. "Everybody's talking to everybody right now," he said. Insurance companies Eesti Kindlust...

Thu, 29 Oct 1998: Earnings of the listed and to-be-listed companies…

Claims to the tune of 77.9 million kroons were settled during the same period by Leks Kindustus, the company told BNS. Together with Leks Elukindlustus which sells insurance, the sum total of pre...

Thu, 27 Aug 1998: Vagnorius urges support for exports…

The reason is that Russia has applied an extra 3 percent customs duty on all imported goods; moreover the value added tax on imports has been increased from 8 to 20 percent.The Lithuanian Industri...

Thu, 16 Jul 1998: An Italian’s secret to his Estonian success…

Kairi Kurm caught up with him to chat about his Estonian investments.Why is investing in Estonia attractive?Investing in Estonia was a good idea. The social conditions were the reason to invest he...
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