Wed, 25 Jan 2012: Lithuanian leaders’ outlines for the economy in 2012…

“It will be a complicated year because of the coming parliamentary elections and because of the complicated economic situation beyond the Lithuanian borders,” Grybauskaite said. She ...

Wed, 3 Aug 2011: Defenses boosted…

After the 2008 fall of Lehman Brothers, a subsequent flight from risky assets knocked a quarter or more off the value of currencies across the region versus the euro and drove debt yields to multi...

Wed, 13 Apr 2011: High inflation surprises analysts…

She said that one of the main reasons why inflation in Lithuania causes such resonance is the amount of income that residents spend for food, of which Lithuania is almost at the bottom in the Euro...

Wed, 6 Apr 2011: Labor tax burden in Estonia drops…

A higher share of labor taxes falls on the employer, including pension contributions, health insurance and unemployment insurance. Employees carry the obligation of income tax and part of the unem...

Thu, 13 Jan 2011: Growth prospects good for Eastern Europe…

“Emerging markets have solid growth stories and are not directly weighed down by peripheral issues,” the expert pointed out. Europe’s developing nations will grow 3.1 percent t...

Thu, 23 Dec 2010: Risks remain in fragile recovery…

“Strains could reappear quickly if investor risk aversion were to rise as a result of uncertainties about economic policies or political tensions in some countries [particularly those with I...

Thu, 25 Nov 2010: Uneven recovery continues…

Poland was the only member of the 27-nation European Union to achieve economic growth in 2009, gaining 1.7 percent. The other growth-driver is Slovakia, which relies heavily on car and electronics...

Wed, 27 Oct 2010: Boom, boom, boom, let’s go back to……

Romania, Croatia, Montenegro and Latvia will contract this year, and Bulgaria will stagnate. All the countries will return to growth in 2011, the forecast showed. Export-Led Recovery Rising exp...

Wed, 10 Mar 2010: Emerging Europe excludes Baltics…

But individual figures were less positive: while Hungary, Bulgaria and Romania were expected to post zero-growth in 2010, GDP was likely to shrink in Estonia, Latvia and Lithuania, by 1.5 percent,...

Thu, 21 Jan 2010: Banks will face difficult climate this year…

The slow pace of credit expansion is due more to an ongoing “deleveraging” by households and companies, rather than to prudent lending standards, he wrote. East European banks and t...

Wed, 13 Jan 2010: Structural imbalances mean loan growth to remain weak…

Non- performing loans surged as sliding currencies pushed up repayment costs and the IMF needed to step in to rescue Hungary, Romania, Latvia and Ukraine as they could not finance external debt. ...

Thu, 8 Oct 2009: Currency peg to blame for worsening economy, says Cordero…

Latvia's economy is suffering the second-worst contraction in the European Union and in December had to turn to a group, led by the EU and IMF, for a 7.5 billion euro loan to help support its fin...

Wed, 30 Jan 2008: Latvia, Estonia join Lithuania in downgrade…

The Negative outlooks reflect the heightened downside risk of an abrupt slowdown in capital inflows and a costly macroeconomic adjustment." Fitch estimates 2007 current account deficits (CADs) at ...

Wed, 21 Feb 2007: Latvia has cheapest gas, thinnest men…

This is up 4.1 percentage points compared with 2003, according to the Baltic News Service. Lithuania's GDP per capita was 51.1 percent of the EU average, while for Latvia the analogous figure was ...

Wed, 10 Jan 2007: 2007 unlikely to see significant progress against inflation…

8 that the consumer price index rose 5.1 percent from December 2005 to December 2006, the highest year-on-year increase since September 2001. Average annual inflation amounted to 4.4 percent. The...

Wed, 4 Oct 2006: Latvian ministers call for guest workers…

"Latvia has called on the EU for equality among states," he indicated. "We did not like to be restricted, so why should we play such a double game with Romania and Bulgaria? We must develop norma...

Wed, 19 Jul 2006: Cilija pizza to expand throughout Eastern Europe…

"We first choose the countries with the best outlook for our business," Cepiene said. The company intends to open two Cili pizza houses in Kiev - the first one would open this September, while ...

Wed, 29 Mar 2006: Latvia at a crossroads of West and East in rich investors’ hunting…

Indeed, Latvia is still waiting for the "big guys" to come. According to some estimates, West European and U.S. institutional investors have set the allocation targets for Central and Eastern Euro...

Wed, 14 Dec 2005: Lack of IT specialists leads to outsourcing…

"We have increased the share of information technology (operations) there," he said, adding that IT operations can be conducted from a distance. Rask said software development was suffering from a...

Wed, 5 Oct 2005: Grindex not planning to buy Olianfarm …

"Grindex and Olainfarm are different enterprises… and they have different philosophies. At least for now, Olainfarm has been working in the style of crisis management to recover from debts and a...

Wed, 5 Oct 2005: VP Market takes Bulgaria by storm…

VP Market currently operates 195 stores in Lithuania, 95 outlets in Latvia, 22 in Estonia, 8 in Romania, and 5 in Bulgaria.Gintaras Mikulskas, board member in charge of VP Market's operations in B...

Wed, 31 Aug 2005: Ultra-mall poised to raise equity capital…

Vilniaus Akropolis controls Akropolis malls in Vilnius, Kaunas and Klaipeda. In Latvia, it controls Rigas Akropole subsidiary and has daughter companies in Romania and Bulgaria.Last year it posted...

Wed, 27 Apr 2005: Lithuanian contractors to build in Romania…

Moreover, the group is eyeing Warsaw, Bratislava, Prague, Budapest and Zagreb. In November the chain will open a new hotel in Riga, and in 2007-2008 it should open two hotels in Tallinn. Moreover,...
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