Monthly Archives: November 2011

One Europe’s Fasts Growing Economy Lithuania

November 28, 2011
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One Europe’s Fasts Growing Economy Lithuania

Lithuania is on the up with records of over 6.5 percent growth in the first six months of 2011 making its economy rise one of the fastest in Europe; this is great news for the country and of-course for the Baltic Region as it cannot be forgotten how Lithuania’s GDP dropped by approximately 14...

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Prime Minsters Necas and Ansip in Talks

November 23, 2011
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Prime Minsters Necas and Ansip in Talks

Business Relationships with Estonia and Czech are on the up due to Estonia’s interest in Czech’s Transport Machinery & Energy Export. This is great news for the region as both Prime Minsters Petr Necas and Andrus Ansip agree on promoting cooperation between the two countries. Mr Ansip the Prime Minster of Estonia said, “The...

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Financial Market Supervisory to head to Bank of Lithuania

November 19, 2011
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Financial Market Supervisory to head to Bank of Lithuania

The financial market in Lithuania has been in the limelight with the country’s central bank to merge with the Insurance Supervisory Commission and the Securities Commission. The news was approved by the Lithuania Parliament which is great for the country and its economy especially at times of the Eurozone crises. The Insurance Supervisory Commission...

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Google-Backed Workspace hits Riga

November 16, 2011
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TechHub backed by Google is to open a workspace for business startups in Lativa – Riga. This is great news for the country and the region. The size of the office is to be over four thousand square feet giving ample space to all. The concept was founded by E. Varley and M.Butcher last...

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Latvian Foreign Minister at EU Meetings in Brussels

November 16, 2011
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Latvian Foreign Minister at EU Meetings in Brussels

On Monday Foreign Minister Edgars Rinkevics participated in the session at Foreign Affairs Council in Brussels debating the situation developing in the EUs Southern Neighborhood regions and the countries of the Horn of Africa, the preparation for the international conference on Afghanistan, which is to be held on December 5th in Bonn and the...

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Russian Banking Eyes on Lithuanian Market

November 14, 2011
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Russian Banking Eyes on Lithuanian Market

It was reported in the Delfi.It recently that a number of Russian banks are investigating the Lithuanian banking system with the idea of opening branches in Lithuania. This was revealed after a meeting between Vitas Vasiliaskas, chairman of the board of the Central Bank of the Republic of Lithuania, and the Social Democrats in...

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