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  • Latvia registers EU’s largest increase in nights spent by tourists at accommodation establishments in 2014
    other accommodation establishments increased by 11 1 percent which is the largest increase amongst EU members according to new research by Eurostat Belgium saw the second largest increase in the number of nights tourists spent at accommodation establishments by 7 2 percent followed by Portugal 7 1 percent Meanwhile Lithuania saw a 1 5 percent reduction in the number of nights spent by tourists while Estonia saw a 1 7 percent rise Meanwhile Slovakia reg The article you requested can be accessed only by subscribing to the online version of The Baltic Times If you are already subscribed to The Baltic Times please authorize yourself Log In In case you don t have a subscription yet please visit our SUBSCRIPTION section Comments Related Articles Lithuania will host innovation experts and creators from around the globe Transport Ministry Sacks Chairman of Latvian Railways Office launch party of Latvian Asian Chamber of commerce Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Goliath Wind signs 100 million euro deal in India Estonia Merko signs contract on construction of Tallinn tram line extension Russian Roulette the shot of vodka heard round the world Estonia was Europe s biggest exporter of wooden houses in 2014 Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer in 1996 The Baltic Times continues to bring objective comprehensive and timely information to those with an interest in

    Original URL path: http://www.baltictimes.com/latvia_registers_eu___s_largest_increase_in_nights_spent_by_tourists_at_accommodation_establishments_in_2014/ (2016-02-13)
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  • Fair Trade Gaining Momentum in the Baltics
    organizations that ensure products adhere to standards related to price wages labor conditions and economic and environmental sustainability The Fairtrade product range famously includes tea sugar and chocolate But you may also find Fairtrade certified wine flowers cotton and even hand crafted gifts Fairtrade was first introduced in the Baltics some 6 years ago Since then sales figures have slowly but steadily risen In 2009 Fairtrade International reported re The article you requested can be accessed only by subscribing to the online version of The Baltic Times If you are already subscribed to The Baltic Times please authorize yourself Log In In case you don t have a subscription yet please visit our SUBSCRIPTION section Comments Related Articles Lithuania will host innovation experts and creators from around the globe Transport Ministry Sacks Chairman of Latvian Railways Office launch party of Latvian Asian Chamber of commerce Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Goliath Wind signs 100 million euro deal in India Estonia Merko signs contract on construction of Tallinn tram line extension Russian Roulette the shot of vodka heard round the world Estonia was Europe s biggest exporter of wooden houses in 2014 Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer in 1996 The Baltic Times continues to bring objective comprehensive and timely information to those with an interest in this rapidly developing area of the

    Original URL path: http://www.baltictimes.com/fair_trade_gaining_momentum_in_the_baltics/ (2016-02-13)
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  • New terminal to connect Lithuanian and Swedish Ports
    an agreement with the shipping company DFDS Seaways to form a new passenger cargo ro pax ferry line connecting the ports of Klaipeda and Sweden Lithuania s Ministry of Transport and Communications reports The Central terminal of Klaipeda is one of the most important projects implemented in this port The facilities offered by the modern terminal allow to develop an efficient passenger and cargo transportation via port of Klaipeda promote marine tourism and The article you requested can be accessed only by subscribing to the online version of The Baltic Times If you are already subscribed to The Baltic Times please authorize yourself Log In In case you don t have a subscription yet please visit our SUBSCRIPTION section Comments Related Articles Lithuania will host innovation experts and creators from around the globe Transport Ministry Sacks Chairman of Latvian Railways Office launch party of Latvian Asian Chamber of commerce Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Goliath Wind signs 100 million euro deal in India Estonia Merko signs contract on construction of Tallinn tram line extension Russian Roulette the shot of vodka heard round the world Estonia was Europe s biggest exporter of wooden houses in 2014 Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer in 1996 The Baltic Times continues to bring objective comprehensive and timely information to those with an interest in this rapidly

    Original URL path: http://www.baltictimes.com/new_terminal_to_connect_lithuanian_and_swedish_ports/ (2016-02-13)
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  • Bankruptcies increase in Lithuania in January
    the number of distraints decreased by a third In January a total of 748 Lithuanian companies saw their assets frozen or by 153 cases less than in December Meanwhile a total of 199 companies went bankrupt which is by 63 cases more than a month ago and by 57 cases more than in January 2014 The majority of bankrupt companies 32 cases were engaged in the wholesale trade transport and storage 17 cases and construction 9 cases The article you requested can be accessed only by subscribing to the online version of The Baltic Times If you are already subscribed to The Baltic Times please authorize yourself Log In In case you don t have a subscription yet please visit our SUBSCRIPTION section Comments Related Articles Lithuania will host innovation experts and creators from around the globe Transport Ministry Sacks Chairman of Latvian Railways Office launch party of Latvian Asian Chamber of commerce Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Goliath Wind signs 100 million euro deal in India Estonia Merko signs contract on construction of Tallinn tram line extension Russian Roulette the shot of vodka heard round the world Estonia was Europe s biggest exporter of wooden houses in 2014 Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer in 1996 The Baltic Times continues to bring objective comprehensive and timely information to those with an

    Original URL path: http://www.baltictimes.com/bankruptcies_increase_in_lithuania_in_january/ (2016-02-13)
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  • Survey shows half of young people in Latvia ready to work for less than minimum wage
    according to data provided by Cvmarket lv The head of the CV Keskus OU Latvia subsidiary Renate Ziverte informed LETA that more than 50 percent of those looking a job aged 18 25 indicate in their applications that they would be ready to work for EUR 100 to EUR 360 a month which is less than the minimum wage in Latvia EUR 360 from January 1 Compared with Estonian youth where only 14 percent are willing to work for less than the minimum wage The article you requested can be accessed only by subscribing to the online version of The Baltic Times If you are already subscribed to The Baltic Times please authorize yourself Log In In case you don t have a subscription yet please visit our SUBSCRIPTION section Comments Related Articles Lithuania will host innovation experts and creators from around the globe Transport Ministry Sacks Chairman of Latvian Railways Office launch party of Latvian Asian Chamber of commerce Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Goliath Wind signs 100 million euro deal in India Estonia Merko signs contract on construction of Tallinn tram line extension Russian Roulette the shot of vodka heard round the world Estonia was Europe s biggest exporter of wooden houses in 2014 Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The Baltic Independent and The Baltic Observer in 1996 The Baltic Times continues to bring objective comprehensive

    Original URL path: http://www.baltictimes.com/survey_shows_half_of_young_people_in_latvia_ready_to_work_for_less_than_minimum_wage/ (2016-02-13)
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  • Tallinn Stock Exchange posts strongest performance in 5 years
    January 2010 Then the monthly increase was as much as 45 percent The stock market turnover in January was 13 3 million which was by a million less than in January last year However 11 3 million securities changed hands which is the highest volume of trading since March 2013 The rise can be partly attributed to the European Central Bank s money print which the markets were waiting for a long time to receive and which could have encouraged greater activity on the Estonian stock exchange The biggest share price rise was from Arco Vara with a share price increase of 22 percent It is an illiquid security which is also shown by the turnover of January 30 268 euros Arco Vara has throughout almost all of its trading history witnessed a major shareholder power struggle In January this year it got worse and a shareholders general meeting was convened The second biggest riser was Tallink s shares which rose 15 percent to 0 778 euros The stock had a turnover of six million euros which was several times larger than last year s average monthly turnover During the month the prices of nine stocks rose and four fell Comments Related Articles Households purchasing power growing rapidly in Estonia Chief economist on Euro arrival and Rouble spiral Europe s Shadow Budget Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Small science delivers big results Sluggish times for Estonia s exports Kazakhstan following Russia s lead bans Baltic fish Estonia s anti money laundering laws clamp down on Bitcoin traders Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet

    Original URL path: http://www.baltictimes.com/tallinn_stock_exchange_posts_strongest_performance_in_5_years/ (2016-02-13)
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  • News search
    Lithuania to launch Cyber Security Centre Lithuania begins 2015 with a brand new feeling of self assurance at least in terms of its cyber security Jan 1 saw the launch of Lithuania rs Read More The Lithuanian Goverment s New Year s Resolutions for 2015 According to Prime Minister Algirdas Butkevicius in 2015 Lithuania will continue the fight against corruption and the underground economy will Read More Opinion poll shows Usakovs has high approval ratings in Riga despite Latvian PM labelling him Pinocchio RIGA According to a survey conducted by the research center SKDS 79 7 percent of Riga residents have a positive opinion of Riga Mayor Nils Us Read More Latvija in brief Latvian citizen fighting in Syria in politically and religiously motivated conflicts in various regio Read More Giulietto Chiesa Arrested in Estonia TALLINN Influential Italian journalist and politician Giulietto Chiesa was arrested in Estonia earlier this month Chiesa 74 a former Member Read More Kremlin claims that Estonian KAPO agent was undercover Russian super spy TALLINN On December 15 2014 Kremlin sources exclusively revealed that a long serving member of the Estonian KAPO was in fact an undercover mol Read More Eesti in brief Kohver to be freed this Summer The sag Read More Previous 141 142 143 144 145 146 147 148 149 150 Next Subscribe Advertise Log In Please enter your username and password Forgot your password Login Subscribe A subscription to The Baltic Times is a cost effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection Subscribe Now About The Baltic Times The Baltic Times is an independent monthly newspaper that covers latest political economic business and cultural events in Estonia Latvia and Lithuania Born of a merger between The

    Original URL path: http://www.baltictimes.com/search/jcms/start/1400/ (2016-02-13)
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  • A closer look at the Lithuanian banking sector
    In this respect the Lithuanian data also differs from European data as FINASTA s RWA are on the same footing than other Lithuanian banks Bank Business Models The Funding side structure Apart from the way assets are allocated the Banks Business models can also distinguished in the way Banks are funded Overall Lithuanian banks funding models are quite homogeneous The bank s funding base mainly consists of equity deposits and interbank exposures Lithuanian bank leverage is broadly in line with the European benchmark The equity ratios differ from 5 to 17 of total assets The varying levels of leverage are not unusual since it costs more to hold the equity as a safeguard against financial disruptions than other sources of finance Typically if leverage ends up below 4 it starts to indicate eventual financial distress risks The Lithuanian banks customer deposits ratios also seem healthy and do not warrant attention They are even above the European benchmark ranging from 46 to 85 of assets Exhibit 1 indicates the banks customer loan to deposit ratio A good benchmark is supposed to be around 80 90 It means that the Bank is neither too aggressive nor too conservative in terms of credit provision The first thing apparent from the graph is that between 2008 and 2013 there is a serious reduction in the credit provision activity to more sustainable levels In 2013 Swedbank and Citadele Bank were broadly in line with the typical benchmark Otherwise the data is still quite dispersed ranging from 28 to 143 It means that some of the largest medium banks which had highest customer lending activity are on the other edge in deposit taking from customers Consequently they lend more than a euro for every euro they bring in as deposits At the other extreme the investment bank FINASTA provides loans for less than one third for what is acquired through deposits Their ratios still do not deviate too far from the Euopean ranges Customer deposits however are not the only source of funding used by the commercial banks Lending and borrowing from interbank markets is also an important source of funding for Banks In that respect Exhibit 2 indicates that DNB Bank and SEB Bank interbank exposures through funding are relatively high namely 30 to 35 of total assets Smaller Banks which have highest customer deposits however rank higher in terms of interbank loans Bank FINASTA s funding patterns however do not follow those models for the traditional commercial banks We observe that this bank does not seek to balance out the shortage in customer lending via interbank markets rather it is the leader in interbank deposits Overall the interbank exposures in Lithuania reflect the European data in two aspects 1 the interbank deposits measured in of total assets are higher than interbank loans and 2 deposits are in broadly the same range Deposit interbank funding implies greater stability for the banking sector than interbank loan activity Finally the consolidated data on medium banks evolution of

    Original URL path: http://www.baltictimes.com/a_closer_look_at_the_lithuanian_banking_sector/ (2016-02-13)
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