Wed, 10 Aug 2011: Improved Citadele back on the market…

Investment into share capital was 103 million lats, while 50 million lats was deposited by the Latvian Privatization Agency and the European Reconstruction and Development Bank. Deposits by the St...

Wed, 10 Aug 2011: RIX construction under way…

The total cost of the reconstruction of the airport’s aprons is planned at 21 million lats (30 million euros), according to the airport’s chairman, Arnis Luhse. The project also inclu...

Thu, 6 Jan 2011: Klaipeda signs reconstruction contract…

9, reports news agency LETA. The agreement provides reconstruction of the southern 90-meter long part of the piers No. 8 and reconstruction of piers No. 9 in Klaipeda port. The cost of the work i...

Wed, 4 Aug 2010: Analysts expect renewed growth…

The region’s vulnerability stems from possible financial contagion that stressed western European banks might be reluctant to roll over debt on the balance sheets of their East European subs...

Thu, 4 Mar 2010: Energy dependence on Russia to increase…

This will be the country’s largest and most significant investment project, said to provide substantial investment in the economy and to provide at least 500 new jobs in the construction ind...

Wed, 5 Aug 2009: Questions remain over Parex deal…

The government took over Parex on Nov. 8, 2008 injecting about 200 million lats onto its balance sheet. The commission approved an initial aid package last November, which consisted of state gua...

Wed, 15 Apr 2009: INPP fuel storage ready in 2011…

If the work is not completed on time, there will be serious responsibilities for the contractors, including financial responsibility for the completion of the work." The delays will mean an elonga...

Wed, 25 Feb 2009: Milking the dairy industry …

The joint-stock company is one of those in talks with the supermarket chain, and has announced plans to sell Maxima and other dairy retailers 90 tons of milk per day. In addition to direct talks...

Wed, 7 Jan 2009: Latvia receives first batch of IMF funds …

The European Union has pledged a 3.1 billion euro loan as a part of the package, the Nordic countries contributed a combined 1.8 billion euros, the World Bank 400 million euros, the European Ban...

Wed, 13 Sep 2006: Ministers prioritize road, rail projects…

"We have adopted two declarations 's concerning the cooperation of Baltic transport ministers in the area of safe traffic and concerning the development of a transport corridor," said Lithuania's...

Wed, 5 Apr 2006: Lithuanian company wins runway tender…

Aspects of the tender were not only exceptional by procedure, but also by its value," the undersecretary in charge of acquisitions, Jurate Raguckiene, Raguckiene told the Batlic News Service. Reco...

Wed, 18 Jan 2006: Rakvere meatpacker could see overhaul, paper reports…

The paper wrote that the key to any future restructuring lies in Rakvere Lihakombinaat, a Soviet-era facility intended to supply the Baltic countries and the Leningrad Region. After reconstruction...

Wed, 18 Jan 2006: Taking counsel…

Though the sea is relatively small, its shipping traffic is one of the most dense in the world, especially in respect of oil transportation.Then there is the Helsinki Convention. The purpose of th...

Wed, 2 Nov 2005: Taking counsel…

The amendment also introduces new terms:l simplified renovation 's renovation of a structure or its part not affecting the structural elements, facade, common areas and common utilities systems;l ...

Wed, 16 Feb 2005: Minister hopes Hansa doesn’t leave exchange…

Sweden's Swedbank, the majority owner of Hansabank, on Feb. 11 announced its intention to make a buyout offer to other shareholders at 11 euros per share (see story on Page 6.) The European Bank f...

Wed, 26 Jan 2005: Government poised to take control of Mazeikiu refinery…

"If the company fails to do that, then it should lose the status of Mazeikiu Nafta's strategic investor."The minister said the status-change could be forced via arbitration court or reaching a new...

Wed, 12 Jan 2005: Minister targets gas companies…

In the opinion of experts from the World Bank and the European Bank for Reconstruction and Development, the return on nonrisk capital on our market should be 8 percent, and risk capital - 15-16 pe...

Thu, 11 Dec 2003: More water, cleaner sewage for Kaunas…

"On Oct. 27 we signed an agreement with the German consultancy Fichter" on the tender, Vilius Burokas, CEO of the water utility Kauno Vandenys, said. The project is estimated at more than 12 milli...

Thu, 5 Jun 2003: Eurobond does job…

Lithuania's debt to the World Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Nordic Investment Bank and other international organizations totaled 1.7...

Thu, 8 May 2003: Vilnius hotel market gears up for summer…

"Now we want to enter the Lithuanian market. The renovation of Lietuva was the first step," said Birute Leimontaite, sales and marketing manager of Lietuva.The hotel, situated on the right bank of...

Thu, 3 Apr 2003: Insurer seeking equity finance…

Lietuvos Draudimas did not pay dividends on its 2001 earnings. In 2002, Lietuvos Draudimas posted an audited net profit of 6.7 million litas, down by 46.8 percent from 12.6 million litas in 2001. ...

Thu, 9 Dec 1999: Shakeup at juice manufacturer…

The company was growing rapidly and had seized more than 20 percent of the Baltic fruit juice market. Gutta was planning to extend into the Russian market and had scheduled the opening of a plant ...

Thu, 21 Oct 1999: Railway privatization gaining more steam…

1, Hammalov said. Another contest to choose the second adviser will be held by the European Bank for Reconstruction and Development. Companies interested in winning the advisory role include Supre...
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