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Citadele bank privatisation milestone in Latvia's recovery: EBRD vice-president

The privatisation of Citadele Bank is a very visible milestone in the recovery of Latvia's economy from the devastating financial crisis, sa...

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Three oligarchs sell half of Latvian transport company to Russian Railways

According to information from the Lursoft database, Russian Railways, through an Amsterdam registered affiliate RZDL Multimodal, has purcha...

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Growth to accelerate in Latvia and Lithuania this year

Russia's economic troubles in 2014 presented serious challenges to the Baltics; however, Latvia, Lithuania and Estonia all proved their flex...

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Black-outs shine spotlight on energy consumption

RIGA - Residents across the globe may have noticed partial black-outs last Saturday evening. This was no power-glitch, though. People in 160 cou...

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Valmiera Glass smashes sales records

VALMIERA - Valmiera Glass Group posted EUR 108.44 million in audited consolidated turnover in 2014 - its highest annual sales figures since the ...

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Estonian Air accuses airBaltic of unfair competition

Estonian Air has accused the Latvian national airline airBaltic of unfair competition, according to the Estonian daily newspaper Postimees.&...

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Estonia’s industrial production increased in February

It appears industrial production in Estonia is gradually on the rise. According to Statistics Estonia, in February 2015, the production of indus...

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Latvia registers fourth-lowest hourly labour costs in EU: Eurostat

RIGA - In 2014, average hourly labour costs in Latvia were estimated to be 6.6 euros, which is the fourth-lowest indicator in the European Union...

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Citadele Treasurer: ECB’s QE will have limited positive impact on Baltic economies

The European Central Bank’s latest round of Quantitative Easing (QE) began this March, with the Bank of Latvia assigned to buy 184...

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Europe’s Easy-Money Endgame

MUNICH – The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. In fact, there is only o...

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