International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 14:39
Lithuania does not meet standards for running state-owned companies set by the Organization for Economic Cooperation and Development (OECD), which Lithuania plans to join, Bloomberg reported referring to the Baltic Institute of Corporate Governance, cites LETA.
Keyword tags: Analytics, Economics, Legislation, Lithuania, Markets and Companies
There will be no recessions or stagnation in Latvia's economy in the near future and the country's economic growth will continue at a moderate pace of 2 to 3% in 2013, Citadele chief economist Zigurds Vaikulis told reporters, cites LETA/Nozare.lv.
The price that Latvia has to pay for being a member of the European Union is its backwardness, however, the country has every chance of repeating, for example, Germany's success, Ventspils Mayor Aivars Lembergs (For Latvia and Ventspils) points out in an interview with LETA.
Talks were held yesterday in Riga between the Latvian Minister of Foreign Affairs Edgars Rinkevics and the designated (agréé) British Ambassador Sarah Cowley, with focus on the desired expansion of economic ties, informs LETA.
The Organization for Economic Cooperation and Development (OECD) member states must first decide how far they organization will expand, and specific candidate countries will be discussed only after that, Foreign Minister Edgars Rinkevics (Reform Party) points out in an interview with LETA.
PMs of Latvia and the Czech Republic see opportunities to increase economic cooperation between countries
On May 17, during the meeting of Prime Minister of Latvia Valdis Dombrovskis and Prime Minister of the Czech Republic Petr Nečas, both officials shared the opinion that the relations of the two countries should focus on increasing mutual trade and exchange in investments, informs BC press secretary to the Prime Minister Mārtiņš Panke.
If the financially-troubled metallurgical company Liepajas metalurgs is shut down, Latvia's economic growth will be reduced 0.6-0.7% this year, Bank of Latvia President Ilmars Rimsevics predicted during a press conference yesterday, cites LETA/Nozare.lv.