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2011 was better, but with no larger projects, bui...
2011 was better, but with no larger projects, builders ponder export markets
GONE: Adakras Sestakauskas says much of the workforce left during the crisis, impacting the current ...
KLAIPEDA - Thirty-six-year old Vidmantas Kaseta, father of an 8-year-old daughter and 4-year-old son, until recently used to say he cannot imagine his life without his kids and his wife. But with the economic crisis thinning the family budget, and no extra jobs to supplement his main income, he found himself away from the family, in Denmark, which, wage-wise, he says is a dream for every Lithuanian mason and plasterer as hundreds of them toil in the small Danish town that has become a temporary home for Kaseta. “Before picking up at the end of 2010, the construction business had b...  Full story...
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  Ski resorts in quandary without snow...    Winter to blame for mid-January shutdown of Lithuanian skiing...    American cats in the sack lure in hoop fans...    Defining strategies conquers new markets...    New adventure driving force behind travel industry recovery...    How to get things going...    Lithuanian office suppliers shun crisis, spur eco-product sales...    Farewell to 2011...    Glassy Ukrainian toys this year’s Christmas decoration discovery...    Anti-Baltic rhetoric to increase after Duma elections...  
 Feb 08, 2012 - Green shoots appear in the construction sector...
Green shoots appear in the construction sector
RIGA - The building and construction industry in Latvia now is one of these sectors whose recuperation, and any signs of movement, seems more difficult than other sectors after the economic crash in 2008. When the Latvian economy fell by 18 percent in 2009, on top of a 5 percent drop the year before, it swiftly brought down a credit-induced housing bubble. Housing market participants before the...
 Feb 02, 2012 - Dialogues between Dzerzhinsky and Pilsudski...
Dialogues between Dzerzhinsky and Pilsudski
In December, Arvydas Juozaitis, Riga-based Lithuanian philosopher, writer and former Lithuanian diplomat, presented his play, written in the genre of tragic farce. It is titled “The Heart in Vilnius.” The presentation of the drama took place in the Museum of Lithuanian Theater, Music and Cinema in Vilnius. The main personages of the drama are Marshal Jozef Pilsudski, the founde...
 Feb 02, 2012 - Off to a vibrant start, 2011 comes to a sluggish e...
Off to a vibrant start, 2011 comes to a sluggish end, dim forecasts for 2012
 KLAIPEDA - The optimism of the start of 2011, with more vibrant real estate action, evaporated with the year reaching its middle, before winding down. “It seems that all that talk about the market recovery has been a little bit premature, to say the least,” says Saulius Vagonis, head of Real Estate Assessment and Marketing Department at Ober-Haus, the largest real estate compa...
 Feb 02, 2012 - Improving traffic in rental market...
Improving traffic in rental market
RIGA - The real estate market in Riga, when considering renting space, has stabilized. This comes after a rebound last year from slow activity in 2010. The most important issues, say experts, now are a shortage for good quality rental apartaments, and that tenants face a rental price increase. The demand for apartments has put pressure on rents, as there is not enough easily accessible space ...
 Jan 25, 2012 - Lifestyle trumps wealth in Latvia...
Lifestyle trumps wealth in Latvia
RIGA - Despite geographic locations at the opposite ends of the earth, Latvians and Australians have been finding their way to each other’s countries for decades. To celebrate Australia’s 194th official Australia Day, which takes place Jan. 26, The Baltic Times profiles three Australians who this year will be celebrating their national holiday in Riga’s Old Town. Do not be f...
 Jan 25, 2012 - Start-up challenges in a closed retail market...
Start-up challenges in a closed retail market
RIGA - The pharmaceutical industry is marked by its position at the forefront scientific advances and technologies, as companies continue to make substantial investments into research and development. What is concocted in the labs finds its way to end-users through the local pharmacy. In Latvia there are around 780 ‘general pharmacies,’ or ‘Aptiekas,’ in Latvian, offer...
 Jan 25, 2012 - Large chains push small drugstores out of the mark...
Large chains push small drugstores out of the market
KLAIPEDA - Single non-chain community pharmacies cannot stand up against large pharmacy chains, and the latter keep crawling into small Lithuanian towns, settlements and even larger villages which, until recently, were mostly serviced by small, one person-managed drugstores. Not anymore. Mindful of the fierce competition and expansion, even big pharmacy chains are merging – Gintarine&...
 Jan 19, 2012 - Best memorial to January 13, 1991 victims would b...
Best memorial to January 13, 1991 victims would be prosperous Lithuania
KLAIPEDA - Amid commemorations for Jan. 13, 1991, the Day of Freedom Defenders, a tribute to the fallen national heroes who were crushed by Soviet tanks while defending the Television Tower, a symbol of Lithuania’s freedom back in 1991, quintessential questions were raised as to whether contemporary Lithuania has forgotten its fallen heroes, or, worse, betrayed their ideals. “Hi...

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 Feb 08, 2012 - A distressing lack of politic...
In spite of the economic crisis, Estonia still joined the eurozone in 2011, and the economy is again rapidly growing. In the eyes of the European c...
 Feb 08, 2012 - Happiness and the prize for GD...
Lithuanian PM Andrius Kubilius received greetings with love from Holland, one of the EU’s healthiest economic powers. On Jan. 31, the Economi...
 Feb 08, 2012 - Individuals by default...
My Finnish friend, a philosophy professor from Helsinki, once told me that Estonia for some of his colleagues is an example of the worst nightmare ...
 Feb 06, 2012 - A failed state...
The recent demonstrations in Western Europe that took place last week describe the inability of social welfare systems to deal with a second wave o...
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