Latvia News :
Latest News : EU pays bailout loan installment to Latvia
The European Union says it has paid Latvia euro500,000 the third part of a bailout loan for the Baltic state.
Latvia and Estonia said Thursday that their economies last year suffered the steepest contraction since independence nearly two decades ago, as they were hit particularly hard by the global financial crisis.Latest News : EU pays Latvia loan tranche, lauds policies
Source: Reuters (Updates with details, background) BRUSSELS, March 11 (Reuters) - The European Union's executive agreed on Thursday to pay Latvia another tranche of loans under a bailout programme, saying the ...Latest News : (AFX UK Focus) 2010-03-11 13:54 Latvia c.bank cuts rates, sees economy stabilising
RIGA, March 11 (Reuters) - Latvia's central bank cut its key policy rate to 3.5 percent from 4 percent on Thursday, saying the crisis-hit economy was stabilising and urging the five-party coalition government to get to work quickly on the 2011 budget. Under the terms of a 7.5 billion euro ($10 billion) international bailout, Latvia needs to shrink its budget deficit by another 800-900 million ...Latest News : EU loans Latvia 700 million dollars as part of bail-out package
Brussels - The European Commission loaned Latvia almost 700 million dollars on Thursday, releasing the third tranche of its contribution to the international bail-out that was agreed for the Baltic country in January 2009. As its economy collapsed in...(AFX UK Focus) 2010-03-11 12:43 Latvia c.bank cuts key policy rate to 3.5 pct
RIGA, March 11 (Reuters) - Latvia's central bank said on Thursday it had decided to cut its key policy rate to 3.5 percent from 4 percent while also reducing its deposit rate to 0.5 percent from 1 percent. Central bank chief Ilmars Rimsevics also told a news conference that the central bank expected the Baltic country's hard-hit economy to contract a further 5 percent year-on-year in the first ...(AFX UK Focus) 2010-03-11 12:02 Latvia says economy stabilising, Q4 GDP beats f'cast
RIGA, March 11 (Reuters) - Latvia said on Thursday that its economy is starting to stabilise as data confirmed GDP shrank 18 percent in 2009, the worst performance in the European Union, though the drop in the fourth quarter was slightly less than forecast. Gross domestic product fell 16.9 percent in the final quarter of 2009 from a year earlier, the statistics office said in a statement ...(AFX UK Focus) 2010-03-11 11:35 EU pays 0.5 bln euro loan instalment to Latvia
BRUSSELS, March 11 (Reuters) - The European Commission said on Thursday it had paid Latvia a further, 0.5 billion euro ($678.5 million) tranche of the Baltic country's 7.5-billion-euro international bailout package. I am glad that Latvia has complied with the policy conditions for the third EU disbursement, European Union Monetary Affairs Commissioner Olli Rehn said in a statement. (Reporting ...Latvia wants to reduce reliance on bailout: PM
(RIGA ) - Latvia wants to meet international investors who have provided the country with a multi-billion euro bailout to review the payment format, Latvia's premier said Thursday.(AFX UK Focus) 2010-03-11 12:58 Latvia c.bank sees economy growing again in Q4
RIGA, March 11 (Reuters) - Latvia's central bank said on Thursday it expects the Baltic country's economy to return to growth at the end of this year as it limps out of a withering recession in the wake of the global financial crisis. The central bank forecast the economy would grow 0.2 percent year-on-year in the fourth quarter of 2010, presentation material released at a news conference with ...(AFX UK Focus) 2010-03-11 12:05 UPDATE 1-EU pays Latvia loan tranche, lauds policies
BRUSSELS, March 11 (Reuters) - The European Union's executive agreed on Thursday to pay Latvia another tranche of loans under a bailout programme, saying the Baltic country was on track with austerity measures. The instalment of 0.5 billion euros ($678.5 million) is part of a 7.5-billion-euro package extended by the International Monetary Fund and the EU in late 2008 to Latvia, battered severely ...Latvia ends year with trade surplus
RIGA - The surplus in Latviaâs current account trade balance at year-end stood at 1.25 billion lats (1.7 billion euros), or 9 percent of GDP, said Bank of Latvia press secretary Martins Gravitis, reports business portal Nozare.lv.Latvia Elections Likely to βWeigh Onβ Credit Rating (Update1)
March 11 (Bloomberg) -- Latvian elections this autumn threaten to hamper government efforts to push through austerity measures vital to its international bailout, burdening the countryâs credit rating, Fitch Ratings said.Research and Markets: Latvia Food and Drink Report 2010
DUBLIN----Research and Markets has announced the addition of the Latvia Food and Drink Report 2010 report to their offering.Latvia clocked EU's deepest recession
(RIGA ) - The crisis-ravaged Latvian economy shrank 18 percent in 2009 on an annual basis, official statistics showed Thursday, signalling the deepest recession in the entire 27-member EU last year.Latvian Central Bank Cuts Refinancing Rate to 3.5% (Update2)
March 11 (Bloomberg) -- Latviaâs central bank cut its benchmark refinancing rate for the first time this year after rates in the interbank lending market dropped to record lows.Latvian economy contracted 18 pct last year
Economic output in Latvia, one of the European Union's most troubled economies, fell a staggering 18 percent last year, the statistics agency said Thursday.Latvia eases immigration restrictions in bid for cash infusion
Latvia is desperate to attract new investors that could help the recovery of the countryâs weak economy. But its recent easing of visa restrictions for non-EU citizens has sparked a nationalist outcry.Latvian Output Fell 16.9% Last Quarter on Weak Consumer Demand
March 11 (Bloomberg) -- Latviaâs economic output contracted the most in the European Union in the fourth quarter as retail sales fell by a third and manufacturing remained weak.Latvia on the laundry list
Washing machine continues despite law enforcement improvement.ANSI Seeks Comments on Proposal for ISO Standard on Management Systems for Education ...
ANSI and Latvian Standard (LVS), the national standards body of Latvia, are considering joint submission of proposal to ISO for standard on management system requirements for all education organizations. Its aim is to enhance satisfaction through effective application of system as well as to enable organization to know degree to which it fulfills its requirements, controls its resources, and ...Latvia unveils new business support scheme
RIGA - The Latvian government has unveiled a new plan to help foster the growth of small businesses in the country.Market Commentary and Intraday News
(AP:BRUSSELS) The European Union says it has paid Latvia euro500,000 ($680,725) the third part of a bailout loan for the Baltic state. Latvia was under pressure last year from the EU and the International Monetary Fund to make budget cuts in return for a euro7.5 billion ($10.2 billion) loan package.Market Commentary and Intraday News
(RTTNews) - Thursday, the Central Statistical Bureau of Latvia announced that the gross domestic product or GDP dropped 16.9% on an annual basis in the fourth quarter, compared to the 19% fall in the previous quarter. A year ago, the GDP was down 10.3%.Some 13 kg of cocaine seized at Pulkovo airport.
ST. PETERSBURG, March 11 (Itar-Tass) -- Almost 13 kilograms of cocaine have been confiscated from a citizen of Latvia in St. Petersburgâs airport Pulkovo.Lithuania commemorates split that doomed Soviet Union
The Baltic state of Lithuania Thursday marked the 20th anniversary of its secession from Moscow's rule, a move that launched a wave of breakaways that doomed the Soviet Union a year later.Dinamo seals first playoff victory
St.PETERSBURG - Dinamo Riga, Latvia's immensly popular KHL hockey team, has won its first playoff game against St. Petersburg SKA 2-0 (1-0, 0-0, 1-0).Lithuania marks landmark 1990 split that doomed Soviet Union
The Baltic state of Lithuania Thursday marks its watershed 1990 secession from Moscow's rule, a move that launched a wave ending in the demise of the entire Soviet Union a year later.(AFX UK Focus) 2010-03-08 10:00 Latvia c.bank net euro buys last week highest YTD
RIGA, March 8 (Reuters) - Latvia's central bank bought a net 118 million euros on the currency market last week, the highest such amount this year, the bank said on Monday. Traders said the foreign exchange market was calm and activity was low. Central bank interventions were most likely due to the State Treasury, which must do its currency deals with the central bank, according to Latvia's 7.5 ...Mystery hacker a folk hero for struggling population of Latvia
 IN THEIR hour of need the people of Latvia, the European country hardest hit by the economic crisis, have found an unlikely new hero.Neo is the nickname of a computer hacker who has stolen milli...Step Right Up, Folks!
Last week Latviaâs parliament, the Saeima, amended the countryâs immigration law with the stated aim of bringing greater investments into Latvia.Merko in a buying mood
TALLINN - Merko Ehitus, the largest listed Baltic construction company, has its âeyes openâ for acquisitions in neighboring Latvia and Lithuania, where companies are suffering from a steep regional slump, says Chief Executive Officer Tiit Roben, reports Bloomberg.(AFX UK Focus) 2010-03-09 18:00 Fresh split emerges in Latvia coalition
By Aija BraslinaCompany briefs
Construction company YIT Ehitus, the Estonian subsidiary of Scandinavian YIT, signed a 40 million euro contract in Latvia to build two 120-meter-high circular buildings - the Z-Towers - for Towers Construction Management, reports BBN. The complex consists of two circular towers of 29 and 31 floors, with total floor space of approximately 100,000 square meters.High praise for Dombrovskisβ crisis leadership
RIGA - Latvia is in discussions to reduce the size of its bailout loan package after the countryâs toughest austerity program has produced strong results in narrowing the budget deficit, said Prime Minister Valdis Dombrovskis, reports Bloomberg.Estonian GDP Expands for First Time in Eight Quarters (Update2)
March 11 (Bloomberg) -- Estonia exited the European Unionâs third-deepest recession in the final quarter of last year as exports rose and companies stockpiled alcohol, tobacco and fuel before tax increases.IMF says property taxes much too low
RIGA - The International Monetary Fund is advising Latvia to increase its assessed property valuations, after the groupâs technical mission determined that the assessed property values in major cities are lower than their market values, reports business daily BiznesBaltija.EBRD boosts security of energy supply in Baltics
The EBRD is stepping up its support for the creation of a modern power system in the Baltic region with a â¬150 million loan for the construction of a state-of-the-art gas turbine facility in Latvia following the closure of the Ignalina Nuclear Power Plant.Government agrees on investor visa bill
RIGA - Latviaâs parliament passed the final version of the controversial immigration bill which gives foreign investors more options to get a temporary residence permit.Estonia's economy shrank 14.1 percent in 2009
Economic output in Estonia contracted by 14.1 percent in 2009, the worst performance since 1991 as the Baltic country struggled to emerge from a deep recession, officials said Thursday.(AFX UK Focus) 2010-03-10 13:02 RPT-UPDATE 1-Latvian PM warns coalition of Ukraine scenario
RIGA, March 10 (Reuters) - Latvia could find its International Monetary Fund (IMF) programme suspended if politicians keep trying to reduce taxes in the run-up to elections, the crisis-hit Baltic state's prime minister said. Faced with fresh tensions in the five-party governing coalition, Prime Minister Valdis Dombrovskis, who marks 12 months in office on Friday, said on Wednesday he still hoped ...Iceland vote no block on EU entry plans: Latvia
(RIGA ) - Iceland's rejection of a deal to compensate the British and Dutch governments over the collapse of Icesave bank must not become a hurdle in the country's drive to join the EU, ally Latvia warned on Sunday.Lithuania awaits NATO 'insurance plan' on Russia
VILNIUS (Reuters) - Lithuania, marking 20 years since its declaration of independence from the Soviet Union on Thursday, remains wary of huge neighbour Russia and is looking forward to the health insurance of a new NATO Baltic defence plan, President Dalia Grybauskaite said.Lithuania Celebrates 20 years Since Soviet Split
VILNIUS, Lithuania â Lithuania celebrated the 20th anniversary of its declaration of independence from the Soviet Union on Thursday, recalling the seminal events that set the Baltic nation on a path to freedom and helped lead to the collapse of the U.S.S.R.Three People Stabbed, 50 Arrested Outside Colombian Metallica Show
If you stand in the way of Colombian metalheads, chances are you'll get hurt. A bunch of Colombian heavy metal fans crashed the Metallica show in Bogota on Wednesday (March 10) night, leaving the outside of Simon Bolivar Park in chaos with three people stabbed, a police officer injured and property demolished, according to Colombia Reports.Donna Henes: The Vernal Equinox: Hatching The World Egg
If the Winter Solstice signals the birth of the sun, then the Spring Equinox exclaims the birth of the earth -- the resurrection of nature from the dark death of winter.Interact Inc. Deploys Real-Time Billing and Rating Platform at LMT
Lincoln, United States - March 11, 2010 - Interact Incorporated, a software company dedicated to developing high performance communication solutions for enterprises and operators worldwide, along with Hewlett-Packard, today announce that Latvian Mobile Telephone (LMT) has upgraded to Interactâs InvigorateX Real-Time Billing and Rating Solution to replace LMTâs existing Nokia MCreate IN prepaid ...Couple stresses fire safety after grandsons killed in Christmas blaze
FRANKFORT â Grief still grips Irv and Cathy Bailey after losing two grandsons in a ChristmasEU loans Romania 1.36 billion dollars as part of bail-out loan
Brussels - The European Commission decided Thursday to give Romania 1 billion euros (1.36 billion dollars) loan as the second instalment of an international bail-out package. Romania has been hard hit by the world economic crash. In May, the European...Latvian Prime Minister marks turbulent first year in office
Riga- Latvian Prime Minister Valdis Dombrovskis said Thursday he was pleased with progress made to restore the Baltic state's financial footing but warned of possible political instability in the run-up to an October general election. Asked if he wou... 1 2 3
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