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Finnish Fortum slashes jobs

The Finnish energy group Fortum, in which the Finnish government owns a 61 percent stake, said on Ju

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OPEC lobbies for crude export drop

The OPEC oil cartel said on June 18 it hoped to convince key rival Russia to continue to cooperate i

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Russia shifts focus from oil to timber

The Russian government turned its attention from oil to timber on June 18 as Prime Minister Mikhail

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Finnish government gets failing grade on employment

The Finnish government came under renewed attack on June 18 from experts over its persistently high

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IMF-Latvia ink budget deal

The Latvian government has accepted a new economic policy memorandum with the International Monetary

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SMSs becoming lucrative

Now that every second person in Estonia owns a mobile phone the battle for new clients is intensifyi

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GPRS system makes Latvia debut

Latvian mobile phone provider LMT earlier this month began offering free use of their expanding GPRS

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Lithuanian gas privatization continues

The Lithuanian government has agreed to launch the second stage in the privatization of Lietuvos Duj

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Ignalina closure behind schedule

Work to meet the 2009 deadline for the shutdown of the second reactor at Lithuania's Ignalina nuclea

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OFF THE WIRE

The European Investment Bank is to lend 80 million euros ($75 million) to the Latvian state-owned en

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