Wed, 3 Aug 2011: Fast loans back in fashion…

The other group includes people who have lost their job or their source of income, and are unable to repay their loans for a lengthy period of time. The third group includes those who borrow with...

Wed, 16 Mar 2011: Credit outlook improves for Latvia…

“The current account has moved into surplus over the last two years, with the trade deficit, which excludes services, falling by two-thirds and net income turning positive as foreign banks h...

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, 3 Jun 2010: BEREC lands in Riga…

The specific knowledge of BEREC will help to implement the European Digital Agenda and eliminate remaining obstacles for cross-border telecommunication services for European businesses and citizen...

Thu, 25 Mar 2010: Greens try to clog pipeline…

The organizations explained their decisions by claiming that the public has not had the possibilities of getting information about the possible effects accompanying the construction and of making ...

Thu, 25 Mar 2010: Companies still struggle with losses…

Lithuania is coping with its worst economic crisis since the early 1990s. The economy shrank an annual 12.8 percent in the fourth quarter. “The first results in 2010 will continue to be po...

Wed, 24 Feb 2010: Bank losses expected to drop this year…

Latvia’s stark recession eased in the fourth quarter of 2009 while Estonia bounced out of recession, the latest statistics show. Sweden’s Finance Minister Anders Borg said this month t...

Wed, 3 Feb 2010: Stabilization could lead to rating upgrades…

We have seen some improvement in the last three months. This applies equally to all of them.” Emerging Europe is recovering from its deepest recession since turning to free-market economi...

Thu, 17 Sep 2009: The week’s top news in world financial markets from Maximus Capital…

For example, over the three months ending in July, real imports of automotive products surged 169.5 percent at an annualized pace, by far the largest increase in the history of the series. This ...

Wed, 15 Jul 2009: Olympic cashes in Ukrainian chips…

The suspension by the Minister of Finance was due to a fire that resulted in casualties at a gaming facility located in Dnepropetrovsk. OEG contended that the suspension of their casino license...

Thu, 21 May 2009: Leo LT asks for three months…

Meanwhile, NDX Energija would receive significant financial benefit. Leo LT was formed under the previous Gediminas Kirkilas-led government, but was found earlier this year to be unconstitutional...

Wed, 22 Apr 2009: The week’s top news in world financial markets from Maximus Capital…

All in all, manufacturing production has fallen at an 18.7 percent annualized pace over the past three months, while goods consumption has been roughly stable. The wide gap between output and sp...

Wed, 15 Apr 2009: AirBaltic changes routes in Lithuania…

He added that the cancellations were part of the business strategy of the company. The head of airBaltic's Lithuanian operations, Tadas Vizgirda, affirmed the ambassador's statements. "It is pure ...

Wed, 8 Apr 2009: Taking counsel: More transparent and effective public procurements…

Therefore, state institutions under government, institutions accountable to the government, ministries, institutions under ministries, and other institutions subordinate to the ministries under th...

Wed, 4 Mar 2009: Taking Counsel: Termination of board members…

It is the Labor Law that by default governs the terms of such an agreement. For this reason, an employment agreement with a board member may include a probation period of three months, giving the ...

Wed, 28 Jan 2009: Taking Counsel: Lithuania’s reaction to the judgement in the case of L v…

The ECHR obligated Lithuania to pass the required gender-reassignment legislation within three months of the present judgment becoming final (i.e. until March 31, 2008) or alternatively, to pay th...

Wed, 17 Dec 2008: Cinema revenue up 14.5 percent…

Berzinis explained that family films were the most profitable because cinema visitors brought their families along. "Family movies bring more people. Recently, Madagascar was the first family mo...

Thu, 9 Oct 2008: Taking Counsel: New, more effective bankruptcy procedure in effect …

Pursuant to the former provisions, the creditor was supposed to wait for three months after the obligations fall due before suing the debtor. Currently, the 30-day term for noticing the debtor reg...

Wed, 10 Sep 2008: New statistics confirm old economic fears …

This small growth would mean the nation is not technically in recession. But according to Alla Vanga, the statistics bureau's deputy head of national accounts, the opposite is true. Vanga told the...

Thu, 22 May 2008: Latvia’s millers reap windfall …

The numbers indicate the drastic changes taking place in the agricultural market. By comparison, Rigas Dzirnavnieks' sales in the first quarter of 2007 crept up only 3.8 percent compared to the s...

Wed, 14 May 2008: Latvia’s inflation hits 12-year high of 17.5 percent…

The news hit after an equally devastating announcement that the nation's economy is on the wane. On May 9 the statistics agency said that, based on preliminary results, Latvia's GDP growth for th...

Wed, 6 Feb 2008: Lithuania cools down, though troubles remain…

Data shows that domestic demand subsided somewhat in the last three months of the year despite the holiday season, with analysts pointing to the country's rising inflation as the culprit for rain...

Wed, 5 Sep 2007: TAKING COUNSEL: Tricky tenant evictions…

Nonetheless, on a plain reading of the law, it would appear that in cases of utilities payment debt, the three months' debt must pertain to a specific utility and cannot arise from the sum total ...
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