International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 12:00
Estonian Market Research Institute (EMRI) forecasts Estonia's economic growth at 2.9% in 2012, LETA/National Broadcasting reports.
Keyword tags: Analytics, Economic History, Estonia, GDP
Lithuania is forecasted to see a modest growth of economy in 2012, says President Dalia Grybauskaite's adviser on economic and social policy issues Nerijus Udrenas.
The year 2011 was the least successful for Vilnius bourse NASDAQ OMX; its index fell 27.5% – the lowest since 2008, The Lithuania Tribune reports, referring to 15min.lt.
Latvia has concluded its international loan program, and Prime Minister Valdis Dombrovskis (Unity) has compiled the most valuable lessons learned during the crisis. According to the prime minister, budget consolidation is an effective anti-crisis measure, whilst devaluation can be avoided and is not needed.
Employers' Confederation: if EU solves its financial problems, Latvian exporters will at least retain their current positions27.12.2011
If the European Union can successfully solve its financial problems, Latvian exporters will have a rather good chance of at least keeping their current positions on the external markets, believes the Latvian Employers' Confederation.
The Hanseatic League (also known as the Hanse or Hansa); in Latin: Hansa, Hansa Teutonica or Liga Hanseatica was an economic alliance of trading cities and their merchant guilds that dominated trade along the coast of Northern Europe. It stretched from the Baltic to the North Sea and inland. Historically, it was an important trading monopoly among the Baltic States during late middle-ages: somewhere around 13th –17th centuries.
Ojars Kalnins: Latvia will go into world economic history as an example of a calm exit from a crisis
The world will discuss Latvia's part in the crisis for many years, and the country will go down in world economic history as an example of a calm exit from such a situation, said Latvian Institute Director Ojars Kalnins this morning in an interview with the LNT show "900 Seconds".
Capitalism is a social and political system (first of all an economic one) that countries chose to guide their development models. Such systems are not static and they evolve in time and within their substantial ingredients. During “capitalism history” governments of different states have been striving to modernise it, with widely varying results. Present crisis demand some re-directions in the “ingredients” in order to find a way for recovery, which is becoming even more important for the new Baltic States.
The Publishing House “Jumava” presented in Riga the book “The Vertical of Guntis Ulmanis” by Jānis Ūdris.
Usackas: the new page in the history of EU-Eastern Europe relations is the Eastern Partnership Initiative
The Eastern Partnership Initiative is the new page in the history of the relations between the Eastern Europe and the European Union (EU), writes ELTA.
A construction material producer Krimelte applies partial working time to 58 workers from January 22 2009, BBN/LETA reported via Aripaev.
The current global financial crisis and the resulting recession is by no means comparable with the Great Depression of the 1930s in the U.S., professor at Stockholm School of Economics in Riga, economist Andris Strazds said in an interview.
An exhibition called White Gloves: Official and Unofficial Diplomacy in Kaunas in 1918-1940 will open at the historical Office of the President in Kaunas on 5 September, 2008, the Ministry of Foreign Affairs of the Republic of Lithuania announced.
The next Latvian economic history’s review (previous one was published in the BC-22) is devoted to privatization history of the group of companies with an attractive name Ave Lat. The group has been dominating in a very important country’s economic sector during 1990s. It was the period when the foodstuff sector in the country has been closely connected to Mr. A. Skele, a millionaire himself and three times being Latvian prime minister. It is quite complicated to find strictly documented evidences about Mr. Skele’s direct connections to Ave Lat Grupa, though he himself regards his role in it as quite significant.
The article with the same title appeared in 1994 in the daily Business&Baltija (B&B) describing the investment fund New Century Holding’s (NCH) initial steps on the emerging market in Latvia in the start of 1990s. Today we can assess the American investors’ activity in Latvia showing the scheme of venture capital installment into almost all spheres of national economic development, taking NCH as an example, and “creaming off” a very risky — and therefore highly profitable — market.