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  • A night to remember at the TBT gala: Supporting independent journalism in style at Riga’s Grand Palace
    in mind as a profound mode of deriving valuable meaning from political events Only with a profound understanding of historical context and an ability to establish concrete facts on the ground as Birkavs informed the Baltic Times after the dinner could newspapers not only fall onto the desks of decision makers but they could also substantially influence policy The other main keynote speaker was Michael Idov former editor in chief of GQ Russia Idov spoke of his first hand experience as an editor faced with increasing pressure from government authorities as the Russian government moved to restrict press freedoms in the period from 2012 to 2014 But Idov also spoke with optimism about what the clampdown on press freedoms would mean for the Baltics if they could provide a safe environment for journalists Riga in particular he believed could be a meeting point for Russian journalists in exile serving as the place to stage a comeback If the environment is right and political stability is ensured Idov went on You have a chance to influence a lot of minds in Russia and the West Idov also marked out a special role for the Baltic Times itself to use its position as the only pan Baltic English speaking newspaper to help the West understand what is actually going on in Russia An independent voice in English has to keep happening he said recommending close collaborations with any Russian investigative journalists who set up shop to the region Another highlight of the evening which took place just before a surprise solo performance from the famous Latvian opera singer Olga Vresca was the presentation of a Baltic Times lifetime achievement award to veteran journalist Juris Kaza the Baltics correspondent for the Wall Street Journal and a former contributor to the Baltic Times During

    Original URL path: http://www.baltictimes.com/news/articles/35743/ (2016-02-13)
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  • An intro to Latvia’s banks
    should not come as a surprise that the country does not have large multinational banks except for subsidiaries of other large multinational banks According to our analysis 6 banks qualify as medium sized banks Swedbank SEB ABLV Rietumu banka Citadele and DNB The European Banking dataindicates that there is a clear difference in the activities of small and large banks Smaller banks engage more in traditional commercial banking business with a higher proportion of loans as a ratio of total assets compared to larger banks who boast a higher proportion of assets held for trading Net interesting income in total operating income is also higher for small banks From that viewpoint the business models of small banks are better for the macro economic stability of a country In Latvia the set of small banks indeed has a ratio of deposits to loans that is very high and they thus seem to follow the standard commercial banking model Medium banks however had a ratio of deposits to loans that was relatively low in 2008 but the ratio converged to a high level of loans covered by deposits and could indicate a shift in the business approach Still for both types of banks assets held for trading as a fraction of assets increased and customer loans as a fraction of assets decreased Also for both types of banks the fraction of customer deposits as a fraction of the total liabilities has increased over the last years For medium banks the fraction of deposits from other banks in the total liabilities decreased to below 20 in 2013 whereas the fraction of customer deposits in the liabilities increased to 80 This higher proportion of total customer deposits implies that the banks funding base became more stable Typically small banks have a high net interest income as a fraction of total operating income However in Latvia small banks have less net income as a proportion of operating income than medium banks Even though during 2010 2011 small banks exhibit an increase in the ratio of interest income to operational income the ratio has been on a decline since A deeper understanding of the eventual business models adjustments however warrants further research Traditional banking versus investment banking The largest groups in the EU are typically universal banks in the sense that they offer a broad array of banking services ranging from traditional banking services of deposit taking and lending to investment banking activities that include sales trading market making underwriting and so on As the foregoing data indicates investment banking in Latvia is at early stage in the sense that the banking market is dominated by large commercial banks that do traditional banking activity namely by providing loans and receiving deposits The notional amount of derivatives outstanding relative to the size of total assets is a typical indicator of investment banking activity In the European Banking sector the notional amount of derivatives outstanding as a percentage of total assets ranges from 3000 to 0 for large

    Original URL path: http://www.baltictimes.com/news/articles/35742/ (2016-02-13)
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  • EU Court of Justice allows arrest of airBaltic and Riga airport property
    airline airBaltic and Riga International Airport s property in the amount of EUR 57 92 million portal Delfi lt reports The court took the decision on October 23 and it makes it possible for the creditors of the now defunct Lithuanian airline flyLAL Lithuania Airlines flyLAL to claim damages in the amount of LTL 200 million EUR 57 92 million caused by alleged underhand dealings on the pa 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 Kaunas municipality begins refurbishment work on Jewish cemetary Lithuania supports Georgia s NATO aspirations NATO to halve Baltic air policing mission four jets to remain in Siaulai Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Mixed hopes in Vilnius for Belarus reset Lithuanian MEP migrant crisis will be a lingering issue Refugees to be questioned on religion and previous military activities by Lithuanian authorities Former KGB spy given Lithuanian residence permit 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 Baltic Sea region Read more Our

    Original URL path: http://www.baltictimes.com/news/articles/35741/ (2016-02-13)
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  • Lietuva in brief
    deployment will depend on the level of threat Minister of Defence Juozas Olekas had said that the rapid response force will co operate with NATO Response Force and will not be an autonomous unit Lithuania is the first among NATO countries to create such forces On Nov 3 the multinational military exercise Iron Sword 2014 was officially opened at ceremonies at the General Silvestras Zukauskas Training Range in Pabrade and drill grounds of the Lithuanian Grand Duke Algirdas Mechanised Infantry Battalion in Rukla In total roughly 2 5 thousand soldiers from 9 NATO allies the Czech Republic Estonia US UK Canada Lithuania Luxemburg Hungary and Germany lined up to open the exercise in both sites the Lithuanian Ministry of National Defence said The multinational exercise Iron Sword 2014 will run simultaneously in the two main training ranges of the Lithuanian Armed Forces on November 2 14 to train interoperability in NATO units co ordination of actions and readiness to complete defensive and offensive operations Comments Related Articles Kaunas municipality begins refurbishment work on Jewish cemetary Lithuania supports Georgia s NATO aspirations NATO to halve Baltic air policing mission four jets to remain in Siaulai Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Mixed hopes in Vilnius for Belarus reset Lithuanian MEP migrant crisis will be a lingering issue Refugees to be questioned on religion and previous military activities by Lithuanian authorities Former KGB spy given Lithuanian residence permit 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

    Original URL path: http://www.baltictimes.com/news/articles/35738/ (2016-02-13)
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  • News search
    Saeima have not changed an Read More Want your children to have happier and more successful lives Turn them over to us To celebrate this year s Teacher s Day we your children s tea Read More Subtle Russian influence in Latvian elections The final days of politicking for Saeima elections have shown a surge of activity by all polit Read More One recipe doesn t suit all The HBH amusement and food complex in the village of Zibininkai situated a mere 15 kilometers Read More Here we go again In case you didn t notice it before the first pages of this issue of The Baltic Times h Read More A day in the park VILNIUS A 2009 survey recognized Vilnius as the greenest capital in Eastern Europe Furtherm Read More Cows invade the goatshed ALUKSNE With the coming of autumn it is time to start harvesting The biggest question has b Read More Are Estonia s glory days over TALLINN The exhibition Silverwhitest The Glory Days of Ravala has been set up Read More Previous 170 171 172 173 174 175 176 177 178 179 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 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/search/jcms/start/1690/ (2016-02-13)
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  • Latvia registers highest proportion of female top executives in Europe
    average proportion of female top executives in Europe is 18 percent the lowest proportion was registered in Malta 2 percent Estonia 7 percent Cyprus 7 percent and Turkey 8 percent Thank you for your interest about the situation in Latvia regarding the females proportion on the boards of companies To be precise Latvia has reached 31 4 according to the EC data April 2014 of women in the companies boards There are considerable differences among the EU Member States as regards women representation in boards Similarly national cultural and historical backgrounds also differ In Latvia there are no special quotas for female representation but evidence proves that voluntary and even self regulatory measures are effective in delivering results which is also Latvia s case Marika Kupce head of the communication division at Latvia s Ministry of Welfare The progress in Latvia is an evidence of achievements based on the good will and understanding of what a more balanced representation of women and men on boards brings to companies The good practice might inspire other EU member states but most of all it can give the experienced and competent women solid ground to enter this field and contribute to positive changes in the future says Virginija Langbakk director of the European Institute for Gender Equality Comments Related Articles U S heavy weaponry to be deployed in Latvia from autumn 2015 Latvia Lumbers Towards Higher Spending on Defence Russia Today requests permission to establish Latvian subsidiary Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Latvian government reaches for guns over health care Crude oil leaks from Latvia s VNT terminal Latvia and China discuss bilateral cooperation Drunk AirBaltic crew sentenced to jail in Norwegian court Subscribe A subscription to The Baltic Times is a

    Original URL path: http://www.baltictimes.com/news/articles/35737/ (2016-02-13)
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  • Latvija in brief
    the office of minister of agriculture Janis Duklavs defense minister Raimonds Vejonis welfare minister Uldis Augulis economics minister Dana Reizniece Ozola and health minister Guntis Belevics For VL TB LNNK minister of environmental protection regional development Kaspars Gerhards justice Dzintars Rasnacs culture Dace Melbarde and as Saeima Speaker the party has nominated Inara Murniece The Defense Ministry has condemned the action of Russian actor Mikhail Porechenkov who earlier this week dressed in press gear was seen in a video firing on Ukrainian army positions in rebel held Donetsk The Defense Ministry believes that international law has been violated as this person had a helmet with press written on it and is an obvious deception tactic by the pro Russia separatists in the region The ministry points out that more importantly with his actions this person has exposed real press representatives working in the region to danger who might be wearing similar marked clothing and helmets Defense Ministry spokesman Kaspars Galkins told LETA Meanwhile Foreign Minister Edgars Rinkevics Unity has written on his Twitter account that Latvia will continue to follow its policy towards those who undermine the principles of international law and that Porechenkov is not a welcome person in Latvia Thus the minister has made it clear the Russian film star will likely be put on Latvia s persona non grata list Comments Related Articles U S heavy weaponry to be deployed in Latvia from autumn 2015 Latvia Lumbers Towards Higher Spending on Defence Russia Today requests permission to establish Latvian subsidiary Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Latvian government reaches for guns over health care Crude oil leaks from Latvia s VNT terminal Latvia and China discuss bilateral cooperation Drunk AirBaltic crew sentenced to jail in Norwegian court

    Original URL path: http://www.baltictimes.com/news/articles/35736/ (2016-02-13)
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  • U.S. and Britain to maintain troops in Latvia next year
    of the measures to reinforce NATO allies in Eastern Europe the Defense Ministry s spokesman Kaspars Galkins told LETA Several NATO member states could deploy their military personnel in the Baltic countries next year but so far only the United States and Great Britain have confirmed their plans to do so explained Galkins The U S and British soldiers will train and participate in joint military exercises together with Latvian soldiers It is currently unknown 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 U S heavy weaponry to be deployed in Latvia from autumn 2015 Latvia Lumbers Towards Higher Spending on Defence Russia Today requests permission to establish Latvian subsidiary Subscribe Advertise Log In Please enter your username and password Forgot your password Login Related Articles Latvian government reaches for guns over health care Crude oil leaks from Latvia s VNT terminal Latvia and China discuss bilateral cooperation Drunk AirBaltic crew sentenced to jail in Norwegian court 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 Baltic Sea region Read

    Original URL path: http://www.baltictimes.com/news/articles/35735/ (2016-02-13)
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