Thu, 16 Dec 2010: Demographic ‘time bomb’ predicted…

“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...

Wed, 10 Mar 2010: Latvia ends year with trade surplus…

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...

Wed, 25 Mar 2009: Latvian businesses to receive 200 million euros from EBRD…

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...

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, 27 Jun 2007: Bank: Older population is economic threat…

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...

Wed, 31 Jan 2007: World Bank chimes in on overheating debate…

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...

Wed, 25 Oct 2006: Latvia to be World Bank donor in 2007…

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...

Wed, 4 Oct 2006: World Bank sites labor issues as challenge for Baltic growth…

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...

Wed, 5 Oct 2005: Niedvaras moves up and east…

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...

Wed, 14 Sep 2005: Lithuania leads Baltic business…

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...

Wed, 27 Jul 2005: Construction firm denied contract rights…

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...

Wed, 27 Jul 2005: World Bank: Latvia to lead EU in growth, maintain high inflation…

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...

Wed, 2 Feb 2005: World Bank: Baltic economies should cool down in 2005…

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...

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, 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, 3 Apr 2003: Resurgent Russia flexes muscle in Armenia…

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...

Thu, 13 Mar 2003: Foreign council gives recommendations…

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...

Thu, 21 Oct 1999: Summed up…

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...

Thu, 2 Sep 1999: World Bank suggests alternatives…

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...

Thu, 12 Aug 1999: Analysts revise forecast for Estonian economy…

"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...

Thu, 29 Jul 1999: Summed up…

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 ...

Thu, 17 Dec 1998: Mortgage money will silence leaking toilets…

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 ...

Thu, 17 Sep 1998: World Bank helps rural 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, ...
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