Wed, 3 Oct 2012: Industrial output weakens in Estonia…
Oct 2, 2012 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...Tags: Decline, Economic Research, Electrical Equipment, Electronic Products, Estonia, Estonian Institute, Food Products, Industrial Enterprises, Previous Year, Reason, Reference, Rose
Wed, 27 Apr 2011: Plaude-Relingere ordered to pay…
Apr 27, 2011 Baltics
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...Tags: Bankruptcy Proceedings, Beauty Salon, Cosmetics Company, Reason, Rsquo, Shareholder, Turnover, Vidzeme District
Wed, 17 Feb 2010: E-book challenge to printed word shapes up…
Feb 17, 2010 Baltics
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...Tags: Benefit, Book Challenge, Confession, E Book, Electronic Format, Entire Library, Investor, Memory, Mirage, Oth, Pocketbook, Publishing House, Reason, Rokas, Rsquo, Venue
Thu, 28 Jan 2010: Bank takes over sports hall…
Jan 28, 2010 Baltics
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 ...Tags: Competitor, Effective Management, Events Calendar, Hectares, Hockey World Championship, Latvia, Liabilities, Long Time, Management Arena, Prospects, Reason, Riga, Sports Hall, Square Meters, Taking Into Consideration, Venue
Wed, 5 Nov 2008: Parex Bank registers massive bonds …
Nov 5, 2008 Baltics
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...Tags: Bank Bonds, Capital Markets, Co Owner, Face Value, Finance, Jurmala, Latvia, Latvian Business, Parex Bank, Reason, Seaside Resort City, Smile Bank, Stock Exchange, Villa Marta, Wed 5, Wedding Gift
Wed, 21 Feb 2007: Taking counsel: Still some need for law reform …
Feb 21, 2007 Baltics
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...Tags: Acts, Civil Law, Civil Procedure Law, Compensatory Damages, Comprehensive System, Injunctive Relief, Law Of Torts, Punitive Damages, Reason, Specific Performance, Toolbox, Tort Law
Wed, 7 Feb 2007: Piebalgs tries to assuage ‘energy dependence fears’…
Feb 7, 2007 Baltics
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...Tags: Atomic Power Plant, Baltics, Cold Water, Deliveries, Energy Dependence, Energy Infrastructure, Energy Partner, Energy Prices, Energy Products, Energy Resources, Europe, Eye Of A Storm, Latvia, Lithuania, Natural Gas, Reason, Reliable Energy, Russia
Wed, 8 Nov 2006: TALKING TAX: VAT anti-avoidance: the Baltic angle…
Nov 8, 2006 Baltics
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...Tags: Baltic States, Burden Of Proof, Consequence, Construction Works, Domestic Laws, Draft Law, Fraud, Implementation, Input Side, January 1, Reason, Reverse Charge, Tax Avoidance, Tax Payers, Treasury
Wed, 8 Nov 2006: Latvia, Estonia to pay sweet EU fine…
Nov 8, 2006 Latvia
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...Tags: Budget, Countries, Cyprus, Ec, Estonia, Euro, Excess Sugar, Food Stocks, Latvia, Member States, New Member, Reason
Wed, 8 Nov 2006: Russia widens sprats ban, Latvia seeks compromise…
Nov 8, 2006 Latvia
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 ...Tags: Brivis, Canned Fish, Carcinogenic Substance, Fish Processors, Fish Products, Gamma, Hasn, Health, Laboratory Analysis, Latvia, Norm, Norms, Outright Ban, Reason, Russia
Wed, 5 Jul 2006: Latvia prepared to sue EU over sugar reform…
Jul 5, 2006 Latvia
"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...Tags: Budget Deficit, Control, Inflation, Latvia, Litigation, Mill Operators, Reason, Restructuring, Roze, Struggle, Sugar Reform, Wed 5
Wed, 29 Mar 2006: Talking tax. Latvia opts in for lateral tax system….
Mar 29, 2006 Latvia
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 ...Tags: Christina, Income Tax System, Incompatibility, Latvia, Latvian Government, Lithuanian Government, Nasty, Opts, Personal Income Tax, Personal Tax, Point In Time, Polemics, Proposal, Reason
Wed, 11 May 2005: Finance minister nominee says no reason to fear new corporate tax…
May 11, 2005 Baltics
"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...Tags: Budget Gap, Compilation, Fear, Finance Minister, Fiscal Discipline, Gap, Income Tax Rate, Lithuania, Losses, Measures, Parliament, Parliamentary Majority, Reason, Seimas, Shadow Economy, Sole, Tax Administration
Thu, 5 Jun 2003: Oil shipments sagging at Klaipeda port…
Jun 5, 2003 Baltics
"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 ...Tags: Aviation Fuel, Buyers And Sellers, Crude Oil Prices, Diesel Fuel Tanks, Fuel Oil Tanks, Gasoline Diesel, Heavy Fuel, Led, Mazeikiu Nafta, Oil Exporters, Oil Product, Oil Products, Oil Refinery, Oil Shipments, Oil Tankers, Product Volumes, Reason, Reloading, Spokeswoman, Two Tanks
Thu, 6 Feb 2003: Sampo Pank doubles client base in 2002…
Feb 6, 2003 Baltics
"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 ...Tags: Banks, Customer Base, Estonia, Market Share, People, Private Individuals, Reason, Sampo Pank
Thu, 21 Oct 1999: Lithuania’s banks make passing marks…
Oct 21, 1999 Baltics
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 ...Tags: Banking Sector, Banks, Commercial Bankers, Dramatic Swings, Finance Institute, Financial Woes, Insurance, Lithuania, Macroeconomic Situation, Reason
Thu, 22 Jul 1999: KLASCO stumbles out of the gate…
Jul 22, 1999 Baltics
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 ...Tags: Confederation, Consortium, Industrialists, Led, Litas, Reason, Same Time Period
Thu, 11 Mar 1999: Earnings of the listed and to-be-listed companies…
Mar 11, 1999 Baltics
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...Tags: Collapse, Consolidated Results, Consolidated Turnover, Earnings, Far East, Financial Crisis, Financial Markets, Industrial Sector, Kroons, Real Estate Sector, Reason, S Real Estate, Second Half, Trade Sector
Thu, 5 Nov 1998: Insurance companies looking for strategic investors …
Nov 5, 1998 Baltics
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...Tags: Chief Financial Officer, Consolidation, Doing Business, Economic Problems, Foreign Investors, Grupp, Insurance, Insurance Companies, Life Insurance, Polaris, Reason, Squeeze
Thu, 29 Oct 1998: Earnings of the listed and to-be-listed companies…
Oct 29, 1998 Baltics
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...Tags: Earnings, Estonia, First Nine Months, Insurance, Kroons, Leks, Months Of The Year, Net Profit, Net Sales, Premiums, Profits, Reason, Saku, Sales Turnover, Sum Total
Thu, 27 Aug 1998: Vagnorius urges support for exports…
Aug 27, 1998 Baltics
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...Tags: Confederation, Customs Duties, Customs Duty, Extra 3, Free Trade Agreement, Imported Products, Industrialist, Information Sources, Lithuania, Local Markets, Negative Evaluation, Reason, Russia, Russian Markets, Value Added Tax, Vice President
Thu, 16 Jul 1998: An Italian’s secret to his Estonian success…
Jul 16, 1998 Estonia
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...Tags: Catering, Countries, Invest, Investments, Italy, Liquidity, Money, Reason, Success, Third World Country