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The EU will continue to boost Baltic economies in ...
The EU will continue to boost Baltic economies in 2014–2020
FRIENDLY FACES OF THE EU COHESION POLICY: On Oct. 6, during the roundtable discussion with journalis...
BRUSSELS - The EU cohesion policy-related EU structural funds will remain the main investment source in the Baltics in 2014–2020. On Oct. 6-9, some 5,500 representatives from Europe’s regions and cities as well as experts, gathered in Brussels for the traditional annual networking forum named Open Days, which this year included over 100 workshops and many other discussion events regarding the new trends of the EU-cosponsored investment policy for 2014–2020. “It is like Woodstock, just without drugs,” Wolfgang Petzold, a representative of the Committee of ...  Full story...
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 Nov 05, 2014 - New Privatization Agency board elected...
RIGA - An emergency meeting of the Latvian Privatization Agency’s shareholders was held today during which Vladimirs Loginovs was elected the CEO of the agency, and Girts Freibergs - board member, the Economy Ministry informed LETA. Loginovs previously had the position of Director, Privatization Agency Commercial Services Department. He regularly participated in Cabinet meetings when the matter of selling “Citadele” Bank wa...
 Nov 05, 2014 - British Week begins in Riga...
RIGA - British Week – a series of events celebrating the traditions and history of Great Britain, the country’s business practices, creative industries, economy, politics, culture and cuisine – is held in Riga until November 9, as the British Chamber of Commerce in Latvia told LETA. For seven days, various events will be held in several locations in Riga for local residents to better acquaint themselves with the cultural ...
 Nov 05, 2014 - Business’ attitude towards borrowing is improving ...
VILNIUS - A survey commissioned by the Bank of Lithuania has shown that for the first time in two years more companies are ready to use external financing than their own resources. 54.3 percent, of the polled companies expect to satisfy their business needs employing external financing resources, while 45.7 percent intend to rely only on their own resources. The survey also revealed that credit institutions agreed to issue loans or change th...
 Nov 05, 2014 - Baltic economies have recovered quickly, but inves...
The Baltic countries have been commended for a quick adjustment of labour costs, increase in efficiency, and repair of public sector finances, all of which contributed to a successful recovery from the crisis. All three countries went through a painful internal devaluation and were able to come out of the crisis through a spectacular growth of exports. However, investments remained behind the curve, especially in Lithuania. This might impede c...
 Nov 05, 2014 - Economic Crime Police arrest Menard Port LLC share...
RIGA - The State Police’s Economic Crime Department have arrested 33.33 percent shares owned by the American company Menard Port LLC in NP Business centre Ltd. LETA has obtained confirmation of this decision made by the Economic Crime Police. As LETA was informed by joint-stock confectionery “Laima” spokeswoman Maija Dulle-Sunina, the arrest of the shares is in connection with the criminal process started this past June i...
 Oct 01, 2014 - Loan growth maintains Estonia’s momentum...
TALLINN - Deposits continued to grow rapidly while the growth of loans and leases remained moderate in August, Estonian central bank Eesti Pank said in its fresh review, reports LETA. Moderate growth in the total volume of loans and leases to Estonian companies and households continued in August. The portfolio grew by 83 million euros from July, and its annual growth rate stood at 3.4 percent. The annual growth in the portfolio of corporat...
 Oct 01, 2014 - Investment drives Lithuania’s growth...
VILNIUS - The latest Lithuanian macroeconomic review by SEB forecasts a 2.7 percent growth of gross domestic product (GDP) and inflation of 0.1 percent, reports ELTA. The bank predicts that, despite Russia’s food product embargo and a complicated geopolitical situation in Eastern Europe, Lithuania’s GDP in 2015 should grow by 3.2 percent with 0.7 percent inflation, while in 2016 the country should see 4 percent GDP growth. Gi...
 Oct 01, 2014 - EP keeps pressure on Russia...
RIGA - The European Parliament (EP) welcomes the ratification of the Association Agreement with Ukraine and steps being taken to restore peace in Ukraine, while at the same time condemning the Russian Federation for waging an undeclared ‘hybrid war’ against Ukraine. The Parliament also urges European Union member states to cancel planned agreements with Russia in the energy sector and to support farmers affected by Russia’s f...



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