Gene Zolotarev on how to destabilize the EU financial system and re-draw the map of Europe in three easy steps

BUSINESS

Liepajas metalurgs financial position worsens
Liepajas metalurgs financial position worsens
BAFFLING: Kaspars Abolins says the company’s money transfers were against authorities’ objections....
RIGA - The Liepajas metalurgs shareholder expressions of goodwill to cooperate with the Latvian government in order to rescue the company from bankruptcy has been shown to be hollow by their recent activities; therefore, the replacement of management and changing the company’s course is necessary to continue operations, say the company’s creditors, reports LETA. In an interview with Latvian State Radio on May 13, State Treasury head Kaspars Abolins said that the creditors’ offer to buy Liepajas metalurgs shares for the symbolic price of 1 lats (1.42 euros) followed sev...  Full story...
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  SOE execs receive training...    Liepajas metalurgs financial position worsens...    Shale key to energy independence...    Swedbank results recover...    Mining waste turned to good use...    Offshores buying property...    Flooding takes toll on milk supplies...    Construction sector remains soft...    Corporate debt increases...    Recall of port’s board demanded...    A unified public transport system for Latvia...    EU foreign policy discussed...    Latvian property looks attractive...    Estonia’s farmers most productive...    Company briefs - 2013-04-25...    Latvia to get new trains?...    Lithuania offers tax incentives to attract film producers...    New fare structures at Estonian Air...    Energy alternatives for Lithuania discussed...    TransRussia attracts Estonian exhibitors...  
 May 15, 2013 - Room to grow for Mexican trade...
Room to grow for Mexican trade
TALLINN - Estonian Foreign Minister Urmas Paet, who was on a visit in Mexico together with Finnish Minister for Foreign Trade Alexander Stubb and an Estonian-Finnish business delegation last week, said at the Estonia-Finland-Mexico business seminar that in 2012 Estonia’s exports to Mexico have grown over the previous year, reports LETA. “Last year Estonia’s exports to Mexico...
 May 15, 2013 - Rail funds to be used for modernization...
Rail funds to be used for modernization
RIGA - Latvia’s Transport Ministry will have a month and a half to inform the government about the possibilities of purchasing new trains and modernizing existing rolling stock, Prime Minister Valdis Dombrovskis told reporters after a meeting with President Andris Berzins on May 8, reports LETA. Dombrovskis allowed for the possibility of Latvia purchasing fewer new trains and lower costs,...
 May 15, 2013 - Riga Port mismanaged, says report...
Riga Port mismanaged, says report
RIGA - It is necessary to wait for recommendations from World Bank experts before reforming the Latvian port management system, Prime Minister Valdis Dombrovskis said in an interview with the LNT morning show ‘900 sekundes’ on May 8, reports LETA. Dombrovskis said the World Bank’s interim report on Latvian ports was presented on May 7, and that the World Bank’s recom...
 May 15, 2013 - J-V format proposed for nuclear project...
J-V format proposed for nuclear project
VILNIUS - Lithuania has proposed creating a joint venture with Latvia and Estonia, which would then make a final decision on whether or not to go forward with the Visaginas Nuclear Power Plant project after calculations and an analysis are made, Lithuanian Prime Minister Algirdas Butkevicius said on May 2 to the local radio station Ziniu radijas, reports LETA. According to him, Lithuania wants ...
 May 15, 2013 - Shale key to energy independence...
Shale key to energy independence
VILNIUS - The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, the Russian giant Gazprom, EU Energy Commissioner Guenther Oettinger said on May 10, reports AFP. “I am sure [that] to have some shale gas option is a good instrument for our long-term negotiations [with] Gazprom and Russia,” Oettinger told journalists in Vi...
 Apr 25, 2013 - Mining waste turned to good use...
Mining waste turned to good use
TALLINN - Last year, Estonian energy company Eesti Energia’s mines sold over a million tons of mine waste rubble and crushed stone, generated by the mining of oil shale, the company said in a statement, reports LETA. The material produced in 2012 was partly used, for example, in the construction of the Johvi to Kuremae basic road, and state-owned forest roads. Mine waste rubble, con...
 Apr 25, 2013 - Latvian property looks attractive...
Latvian property looks attractive
TALLINN - EfTEN Capital, an Estonian asset manager, plans to boost investments in Latvian property as its Baltic neighbor benefits from the European Union’s fastest economic growth, euro-entry prospects and low interest rates, reports Bloomberg. The asset manager, formed in 2008 and specializing in commercial property, aims to invest 30 million euros in Latvia this year after concludi...
 Apr 24, 2013 - Lithuania offers tax incentives to attract film pr...
Lithuania offers tax incentives to attract film producers
VILNIUS - Vilnius may soon witness an influx of the world’s most famous film directors and actors, as on April 19, the national government approved an amendment submitted by the Ministry of Finance that provides tax incentives for film production, reports Filmvilnius.com. The Vilnius Film Office predicts that the decision, which was eagerly awaited by the Lithuanian film industry for seve...



 May 15, 2013 - Kinze base boost for Lithuania...
VILNIUS - Kinze Manufacturing Inc., an Iowa-based maker of farm machinery, will open it’s f...
 May 15, 2013 - Book publishers improve results...
TALLINN - Up to 40 new books have arrived at Estonian bookstores in 2012, evidence that in times ...
 May 15, 2013 - Banks plan more lending...
VILNIUS - A survey performed by the Bank of Lithuania shows that commercial banks, for the second...
 May 15, 2013 - Exports show Estonia’s strengths...
TALLINN - Swedbank claims that Estonia’s export volume per capita is very close to the same...
 May 15, 2013 - Rail Baltica competes for cash...
TALLINN - Estonian Transport Commissioner Siim Kallas considers Rail Baltica the most serious of ...
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