Thu, 16 Dec 2010: Demographic ‘time bomb’ predicted…
Dec 16, 2010 Baltics
“Therefore countries need to find solutions that are based on two principles - fair financing for those who need assistance and fiscal sustainability,” he advised, adding that the gove...Tags: Chakraborty, Countries, Demographic Time Bomb, Economist, Expenditures, Governments, Health And Social Care, Health Specialist, Long Term Care, Private Sector, Senior Health, Substantial Challenges, Sustainability, World Bank
Wed, 10 Mar 2010: Latvia ends year with trade surplus…
Mar 10, 2010 Latvia
Direct investment flows also were directed into agriculture and manufacturing. Net foreign debt, in nominal terms, decreased from 8 billion lats to 7.5 billion lats in the fourth quarter of 200...Tags: Agriculture, Assets, Bank Of Latvia, Banks, Current Account, Economic Recovery, External Debt, Foreign Debt, Fourth Quarter, Gdp, Investment Flows, Lats, Private Sector, Repayments, Sectors, Term Debt, Trade Surplus, World Bank, World Bank Loan
Wed, 25 Mar 2009: Latvian businesses to receive 200 million euros from EBRD…
Mar 25, 2009 Latvia
The specific amount of the financing would depend on the needs of the company. Freeman pointed out that the EBRD policy was to provide support to private businesses and aid in development. In 80 t...Tags: Acquisition, Cooperation Partners, Ebrd, European Banks, European Investment Bank, Euros, Final Decision, Freeman, Lent, Parex Bank, Private Businesses, World Bank
Wed, 7 Jan 2009: Latvia receives first batch of IMF funds …
Jan 7, 2009 Latvia
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...Tags: Berzina, Czech Republic, Diana, Economic Challenges, European Bank For Reconstruction And Development, European Union, Finance Ministry, Imf Funds, Imf Loan, International Reserves, Latvian State, Liquidity, Nordic Countries, Productivity Gains, Reconstruction, Spokeswoman, State Treasury, World Bank
Wed, 27 Jun 2007: Bank: Older population is economic threat…
Jun 27, 2007 Baltics
The World Bank estimates that the region's population will shrink by almost 24 million over the next two decades and the proportion of people over 65 years of age to increase to 20-25 percent. T...Tags: Baltic States, Countries, Decades, Economic Threat, Estimates, Population World, Populations, Proportion, States Bank, Strides, World Bank
Wed, 31 Jan 2007: World Bank chimes in on overheating debate…
Jan 31, 2007 Baltics
A persistent labor shortage and high wages, with easy credit, and a favorable taxation regime, has sparked what has been described as an asset bubble in the real estate sector. These two trends c...Tags: Baltics, Construction Costs, Construction Sector, Debate, Labor Shortage, Laborers, Latvia, Real Estate Sector, Regime, Taxation, Wages, World Bank
Wed, 25 Oct 2006: Latvia to be World Bank donor in 2007…
Oct 25, 2006 Latvia
According to normative acts, which regulate Latvia's participation in world financial organizations, the status decision should be made by the government. Therefore, a formal change of status coul...Tags: Annual Meeting, Czech Republic, Donor Countries, Estonia, International Monetary Fund, Latvia, Lithuania, Normative Acts, Participation, Singapore, Slovenia, Worl, World Bank, World Countries
Wed, 4 Oct 2006: World Bank sites labor issues as challenge for Baltic growth…
Oct 4, 2006 Baltics
Evidence showed that fears in Western Europe of massive inflows of workers and their negative impact on the receiving labor markets were unfounded. Foreign workers from poorer member states genera...Tags: Baltic States, Domestic Workers, Economic Growth, Expansion Plans, Fears, Growth Evidence, Labor Issues, Labor Markets, Led, Member States, Money, Negative Impact, Outflow, Sectors, Wage Pressures, Wages, Western Europe, World Bank, World Challenge
Wed, 5 Oct 2005: Niedvaras moves up and east…
Oct 5, 2005 Baltics
Raimondas Kvedaras and Audrius Ziugzda are tipped as the most likely candidates to succeed Niedvaras as president of the bank. Kvedaras is a member of the management board and first vice-president...Tags: Boar, European Banking, Executive Team, Lars Thunell, Management Board, Member Of The Board, New President, President Ceo, Reshuffle, Seb, Vice President, Vilniaus Bankas, Wed 5, World Bank
Wed, 14 Sep 2005: Lithuania leads Baltic business…
Sep 14, 2005 Lithuania
Last year, Lithuania ranked 17th in the respective list drawn by World Bank and IFC. But in some areas, Lithuania lags behind its Baltic neighbors. One of the main criteria used in the report is t...Tags: Baltic Business, Ifc, Income Per Capita, Lags, Latvia, Leads, Lithuania, Neighbors, Oecd, Opening A New Business, World Bank
Wed, 27 Jul 2005: Construction firm denied contract rights…
Jul 27, 2005 Baltics
The bank opted for even harsher sanctions for Hidrostatyba, a Gargzdai-based building company stripped of the liberty to sign contracts for World Bank-funded projects for a three-year period until...Tags: Authorities, Bank Representative, Construction Contract, Construction Firm, Contract Rights, Contracts, Cooperation, Corruption, Fraud, Klaipeda, Local Company, Manner World, Mantas, Member States, Press Release, Sanctions, Secret Arrangement, Sewage, Water Supply, World Bank
Wed, 27 Jul 2005: World Bank: Latvia to lead EU in growth, maintain high inflation…
Jul 27, 2005 Latvia
By comparison, the World Bank expects Slovakia will need 17 years, Lithuania, Estonia and the Czech Republic 18 years, and Poland as many as 41 to attain the same level. Laursen said he believes t...Tags: Capita, Current, Czech Republic, Economy Ministry, Estonia, Food Products, Gdp, Inflation, Latvia, Lithuania, Macroeconomic Indicators, Poland, Proposal, Seven Years, Slovakia, Vat, World Bank
Wed, 2 Feb 2005: World Bank: Baltic economies should cool down in 2005…
Feb 2, 2005 Baltics
Key roles are an increase in capital and productivity, as well as inflow of foreign investment, and a sizable transfer of resources from manufacturing to the service sector, the survey noted. Acco...Tags: Baltic Economies, Baltics, Countries, Economy, Feb 2005, Foreign Direct Investment, Foreign Investment, Increase Productivity, Inflow, Investment Environment, Journalists, Laursen, Lithuania, Member States, New Member, Service Sector, World Bank
Wed, 12 Jan 2005: Minister targets gas companies…
Jan 12, 2005 Baltics
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...Tags: European Bank For Reconstruction And Development, Jan 2005, Reconstruction, Risk Capital, Targets, World Bank
Thu, 5 Jun 2003: Eurobond does job…
Jun 5, 2003 Baltics
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...Tags: Commercial Banks, Creditors, Domestic Debt, European Bank For Reconstruction And Development, European Investment Bank, Financial Institutions, Government Bodies, Imf, International Organizations, Job, Litas, Lithuania, Nordic Investment, Public Debt, Reconstruction, World Bank
Thu, 3 Apr 2003: Resurgent Russia flexes muscle in Armenia…
Apr 3, 2003 Baltics
Foreign ownership of businesses is a feature of the global economy, they say, and the World Bank has backed the arrangement."We are doing this for the good of our people," said Defense Minister Se...Tags: Acquisitions, Armenia, Assets, Chunk, Defense Minister, Flexes, Global Economy, Investors, Moscow, Resurgent Russia, Sarkissian, Serge, Skeptics, Sovereignty, World Bank
Thu, 13 Mar 2003: Foreign council gives recommendations…
Mar 13, 2003 Baltics
The council submitted a total of 66 World Bank recommendations to the government which should be implemented within a year. Honorary Chairman of the Foreign Investors Council Arvid Grundekjon said...Tags: Arvid, Fantastic Place, Foreign Investors, Honorary Chairman, Investment Environment, Investments, Latvian Government, World Bank, World Government
Thu, 21 Oct 1999: Summed up…
Oct 21, 1999 Baltics
11. and sent confirmation to Geneva headquarters on Oct. 14. Estonia's membership will automatically occur 30 days from that date. The country will be the third former Soviet republic to join, fol...Tags: Central Estonia, Confirmation, Finland, Geneva Headquarters, Horizon, International Finance Corporation, Kyrgyzstan, Latvia, Leonia Bank, Loan Agreement, Modernization, New Money, Pulp And Paper, Pulp And Paper Mill, Pulp Mill, Singapore, Soviet Republic, Tolaram Group, World Bank
Thu, 2 Sep 1999: World Bank suggests alternatives…
Sep 2, 1999 Baltics
And, she says, it looks like the government got it wrong with the working pensioners."The amendments were proposed on an assumption that all working pensioners will carry on working and simply sto...Tags: Amendments, Assumption, Budget, Desired Effect, Estimates, Fox, Jobs, Pensions, Social Security, Social Security Contributions, Underground Economy, World Bank
Thu, 12 Aug 1999: Analysts revise forecast for Estonian economy…
Aug 12, 1999 Estonia
"We realized this in June, when we noticed that the economy in the second quarter of the year did not grow as much as we had expected."The initial forecast made by the Ministry of Finance was made...Tags: Ardo Hansson, Aripaev, Budget Cuts, Budget Gap, Eco Nomy, Estonian Economy, Gap, Lauri, Maris, Ministry Of Finance, Second Quarter, World Bank
Thu, 29 Jul 1999: Summed up…
Jul 29, 1999 Baltics
The plan is for Hermis shareholders either to sell their stakes to Vilniaus Bankas or to trade them in for shares in the new bank resulting from the merger. The report states that share price and ...Tags: Bank Of Lithuania, Bankas, Car Park, Cars, Late August, Latvian Capital, Merger, Parex Bank, Parking Lot, Rates Of Exchange, Report States, Share Price, Shareholders, World Bank
Thu, 17 Dec 1998: Mortgage money will silence leaking toilets…
Dec 17, 1998 Baltics
Advisors working out of the World Bank Technical Unit want the Latvian system to be as sound."We have to be careful here," said Christen Boye Jacobsen, a Danish attorney with the mortgage project ...Tags: Banks Point, Boye, Business Projects, Christen, Commercial Banks, Draft Laws, Housing Loans, Jacobsen, Latvian Government, Mortgage Bank, Mortgage Manager, Mortgage Money, Munch, Point Of View, Political Focus, Sectors, Segment, Toilets, World Bank
Thu, 17 Sep 1998: World Bank helps rural Latvia…
Sep 17, 1998 Latvia
The agreement is aimed at providing more money so locals can start their own small- and medium-sized ventures: bakeries, grocery shops and other businesses.Before inking the agreement, Zile said, ...Tags: Bakeries, Countryside, Farming, Grocery Shops, Land Reform, Latvia, Locals, Money, Poverty, Private Sector Development, Rural Development, World Bank, World Bank Loan