Wed, 19 Jan 2005: Rimsevics: repeg of lat goes smoothly, inflation to fall…
Jan 19, 2005 Baltics
He reiterated that the rate of 0.702804 lat per 1 euro, established by Europe's central bank, was largely favorable to Latvia's economy. "The estimate of possible gains and losses should take acco...Tags: Dollar, Economy, Euro, Europe, Exchange Rate, Inflation, Jan 2005, Latvia, Losses, S Central
Thu, 23 Oct 2003: Banking briefs…
Oct 23, 2003 Baltics
15, and the price per share will be higher than that of the previous emission, or 2.10 per share. According to a bank statement, this will be the last emission for a while, or at least until Parex...Tags: Assets, Bank President, Briefs, Commercial Enterprise, Distant Future, Holding Company, International Stock Exchange, Kargin, Kroons, Latvia, Loans, Private Persons, S Central, Valery
Thu, 23 Oct 2003: In Lithuania, the state eats for all…
Oct 23, 2003 Lithuania
New issues are released for three to 10 years only."The maturation period has become increasingly longer over time. We have mostly eliminated the one-year bills," says Arvydas Kregzde of the Bank ...Tags: 10 Year Bonds, Appetite, Bank Of Lithuania, Basis Points, Benchmark, Budget Revenues, German Bonds, Germany, Lithuanian, Maturation Period, National Budget, Negotiations, Next Decade, Politicians, S Central
Thu, 6 Feb 2003: Swedish owners sack textile CEO…
Feb 6, 2003 Baltics
"Virkebau understood well that employer and trade union must be partners."The announcement came as a surprise to the Narva City Council as well, and government spokesman Ants Liimets said Virkebau...Tags: Ants, Ceo, Good Job, Government Spokesman, Helm, Households, Knoop, Ludwig, Narva, S Central, Salaries, Surprise, Swedish Consul, Textile
Thu, 21 Oct 1999: Rigas Komercbanka lives under a new name…
Oct 21, 1999 Latvia
18 that the bank, based on Smilsu Street in Riga's financial district, will hang out a new shingle bearing Pirma Latvijas Komercbanka - First Commercial Bank of Latvia - or PirmaBanka. "This bank...Tags: Bank Of Latvia, Bearing, Executive Director, First Commercial Bank, Good Shape, Investors, Job, Lats, Nordic Banks, Riga, S Central, Shareholder, Shingle
Thu, 9 Sep 1999: Macroeconomic news makes markets nervous…
Sep 9, 1999 Baltics
Instead, it was more in line with the style employed by the British tabloids. The report was based on anonymous sources and pinned the reason for devaluation on the business interests of Latvian P...Tags: Andris Skele, Anonymous Sources, Bank Of New York, British Tabloids, Business Interests, Central Europe, Devaluation, Earnings, Latvia, Latvian Companies, Lucy Edwards, Macroeconomic News, Money Laundering, No Doubt, Prime Minister, Russian Banks, S Central, Scandal, Wall Street, Wall Street Journal
Thu, 29 Jul 1999: Depositors to decide Komercbanka’s fate…
Jul 29, 1999 Baltics
"If we don't get those 6.3 million lats, and there is no result after this meeting, I will have nothing else to do but start liquidation. I can't allow the current situation to go on indefinitely ...Tags: Assets, Current Situation, Depositors, Doors, European Bank For Reconstruction And Development, Fate, Government Help, Lats, Latvia, Liabilities, Liquidation, Losses, New Prime Minister, Reconstruction, S Central, Syndicates, T Bills
Thu, 8 Jul 1999: IFC to assist SMEs with loan to Vilniaus Bankas…
Jul 8, 1999 Baltics
"The loans, with a maturity ranging from two to seven years, will be granted to private companies with total assets not exceeding 60 million litas ($15 million)," explained Niedvaras. "Currentl...Tags: Assets, Borrowers, Economy, Financial Resources, Harold Rosen, Ifc, Loans, Maturity, Medium Sized Companies, Private Companies, S Central, Segment, Seven Years, Signing Ceremony, Smes, Southern Europe
Thu, 1 Jul 1999: Will the real litas please stand up? …
Jul 1, 1999 Baltics
Lithuania's central bank and Finance Ministry, however, shed light on which direction they plan to send the litas. No repeg rushArguments about whether Lithuania should repeg its litas from the U....Tags: Ample Support, Best Time, Currency Basket, Dollar Euro, European Union, Finance Ministry, Financial Experts, Litas, Lithuania, S Central, Spirits, Worms
Thu, 21 Jan 1999: IMF figures alarming…
Jan 21, 1999 Baltics
Lithuania's Baltic sisters, Estonia and Latvia, each ended up with more palatable 1998 forecasts of 9.1 percent and 5.5 percent respectively. The figures forecast for Lithuania even managed to mak...Tags: Baltic, Current Account Deficit, Imf, Latvia, Lithuania, Nigeria, S Central, Transitional Economies, Vilnius
Thu, 23 Jul 1998: China, Latvia optimistic about future …
Jul 23, 1998 Latvia
Jaixuan stressed that China is ready to develop relations with Latvia on the basis of mutual understanding. Latvia's decision to open an embassy in Peking this fall was hailed as a positive move. ...Tags: Central Square, China Army, Commanding Officers, Flowers, Foreign Minister, Latvia, Mutual Understanding, National Army, National Heroes, Peking, S Central