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Lithuania to run a budget deficit for 2009

VILNIUS - The Lithuanian government has approved the 2009 draft budget due to be submitted to Parlia

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Finance ministry to increase deposit insurance

RIGA - The Latvian finance minister increased the amount to which bank deposits are guaranteed from

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Baltics defiant as Iceland's economy freezes

TALLINN - The reality of Europe's economic situation sank in last week as Iceland's economy buckled,

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Latvian government adopts 2009 budget with deficit

RIGA - The Latvian government has adopted a 2009 budget that allows a deficit of 1.85 percent of gro

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Fitch Ratings devalue Baltic economies

TALLINN - The ratings agency Fitch has downgraded the long-term foreign and local currency ratings,

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Bottom falls out of Latvian sales

RIGA - Retail sales dropped 4.6 percent in the first three quarters of 2008, according to figures th

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Latvia faces wage inflation

RIGA - Wages are still spiraling out of control in Latvia, according to a study by the international

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Public to shoulder the burden of 'balanced' budget

TALLINN - The 2009 draft state budget, received a flood of criticism from the Estonian press followi

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Economists predict more hard times

RIGA - The Latvian Economists' Association has predicted that the country is in for a long-term rece

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Estonian budget finally decided

TALLINN - The Estonian government has finally agreed to a balanced 2009 budget after months of polit

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