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Citadele bank privatisation milestone in Latvia's recovery: EBRD vice-president

  • 2015-04-21
  • from wire reports and TBT staff, RIGA

The privatisation of Citadele Bank is a very visible milestone in the recovery of Latvia's economy from the devastating financial crisis, said Phil Bennett, First Vice President of the European Bank for Reconstruction and Development (EBRD), following the Latvian state'...

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Three oligarchs sell half of Latvian transport company to Russian Railways

According to information from the Lursoft database, Russian Railways, through an Amsterdam registered affiliate RZDL Multimodal, has purchased 50% of the shares of logistics company Liepājas Oil Transit (LNT). The remaining shares of the company, through a number of firms,...

Growth to accelerate in Latvia and Lithuania this year

Russia's economic troubles in 2014 presented serious challenges to the Baltics; however, Latvia, Lithuania and Estonia all proved their flexibility, maintaining economic growth, according to the latest Baltic Economic Outlook by DNB bank. They say that growth will accelerate in Latv...

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