Retail trade figures have always been viewed as a good ‘on the ground’ indication of the country’s financial health, if people feel confident and comfortable they spend more. Recent figures have shown a much awaited recovery in Lithuania’s retail trade sector. In 2011 Lithuanian trade figures demonstrated a recovery of 8.8% compared with the...
The Latvian Government is back in the scene with the EU’s Antitrust Authority giving a short go-ahead in helping the Mortgage and Land Bank, the question that has arisen is whether this is in accordance with the instructions of the European Union. The help has been provided to allow the bank to transition into...
Estonian European Parliament member and former foreign minster of the Baltic nation, Kristina Ojuland will be hosting a conference at the European Parliament on the 31st January 2012 which aims to create a stronger focus on trade and investment opportunities between Turkish entrepreneurs and the Baltic states of Estonia, Latvia and Lithuania. The meeting...
The Restaurant Giant Subway is to hit Estonia with its first establishment to open soon. This is great news for the Baltic Country as the American Restaurant Franchise Chain has been a huge success in the UK and no-doubt it will is a huge hit there. The uniqueness of Subway is its flexibility in...
Euro Fever is to hit Lithuania. The government of Lithuania is still keen to take up the euro, the finance minister Ingrida Simonyte said, “I base my belief on the experience of Estonia and I definitely think that investors took the fact that Estonia is in the euro zone as a positive step despite...
Kristaps Zakulis was confirmed today as the new head of Latvia’s Financial and Capital Market Commission. The decision was made by Latvia’s parliament with a vote of 73 to 3 with 17 abstaining. The news will bring new confidence within Latvia’s banking sector after the upset caused by the resignation of Irena Krumane, the...
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