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  • Texans show interest in Latvia’s gas market
    Texas where he met with the management of the leading U S gas and transportation companies in order to acquaint them with Latvia s energy sector and opportunities for them to invest reports LETA Berzins promoted not only Latvia s national but also regional interests in working to reduce energy supply risks and attract strong investors from alternative regions The president s visit began at the Houston Technology Center where state of the art tec 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/news/articles/35626/ (2016-02-13)
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  • Straight from the source The advent of direct buying communities in Latvia
    too expensive so she decided to contact an organic farm in Gulbene and get her food directly from the source Soon friends and family got inspired and they decided to organize themselves Zane and Elina modeled their community on a concept they had seen in France Direct Buying is not just about buying organic products It is about being aware of the entire process of farming knowing where your food comes from Forty two percent of our environmental footprint consists of food but people don t even realize this They have lost touch with nature Zane believes This is why the Direct Buying community also organizes excursions to participating farms and requires members to volunteer regularly Direct Buying in Practice Every Wednesday group members receive a list of available products prepared by one of the volunteers They fill out their order online usually via a simple Google Form and another volunteer forwards the orders to the farmers On Monday the farmers bring their products to distribution points in schools cafes and offices where the goods are divided into crates one per member In the evening the members pick up their food payments are handled in cash The community has had no problem attracting new members some groups even have waiting lists But Direct Buying is not for everybody Zane warns You must be ready for the relationship with the group and with the farmers The Five Principles The Direct Buying Web site goto www tiesapirksana lv personigi ediens lists five guiding principles eat seasonal local organic semi vegetarian food obtained through short supply chains In practice 99 percent of the products offered are certified organic and every single product is local and in the case of fruit and vegetables seasonal In the beginning it was difficult to get farmers to join our community they did not know how they could benefit So we asked French farmers to talk to their Latvian colleagues and that helped a lot Zane recalls Nowadays I get a couple of calls per month from farmers asking me If I switch to organic production will you buy my products Learning curve This new way of distributing food does mean that farmers have to expand their skill set they have to be marketeers distributors and packaging experts too But they seem to be picking up these skills quickly enough Most farmers supply several groups in one city and they pool together to transport their products The community itself is also still learning What to do when products are not picked up or delivered What if the cherry harvest fails Should members return empty jars for re use Zane One group even joked about appointing a plastic bag manager Despite the ongoing learning curve the Direct Buying community feels ready to expand Starting next month the community will go on tour teaching interested parties in 5 cities how to start their own Direct Buying group Dutch journalist Janny Ramakers lives in Riga and works for the Latvian NGO

    Original URL path: http://www.baltictimes.com/news/articles/35625/ (2016-02-13)
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  • Clean-up of insolvency process begins
    some in the judiciary in cahoots with scam artists intent on ripping off banking institutions through fraudulent claims has finally gotten the attention of government reformers The process in question is that of insolvency Latvian Prime Minister Laimdota Straujuma has now recognized and reached agreement with representatives of commercial banks and law enforcement authorities about the necessity to jointly seek solutions to the problem of insolvency administrators reports LETA Strauj 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

    Original URL path: http://www.baltictimes.com/news/articles/35624/ (2016-02-13)
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  • Office properties big movers in 2014
    2014 18 percent less than in the first half of 2013 according to a property market report released by the real estate consulting company Colliers International reports Nozare lv Lithuania is currently the leader with more than 158 million euros attracted followed by Latvia at 127 2 million euros with Estonia at 100 million euros The demand for portfolio deals continued to grow in 2013 reaching 30 percent of the total In 2014 the number of deals 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/news/articles/35623/ (2016-02-13)
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  • Long slog ahead with Russia, warns Mikser
    2015 on the new security situation connected to Russia warned the audience that things are not likely to improve anytime soon reports Postimees Online It is clear that we are now in a completely new security situation It also affects the economic environment I dare say that this new situation will remain with us for a very long time unfortunately said Mikser He stressed that in Russia Putin s inner circle is in power 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

    Original URL path: http://www.baltictimes.com/news/articles/35622/ (2016-02-13)
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  • Business briefs
    Economic Agricultural Environmental and Regional Policy Committee previously agreed not to support the proposal Nevertheless Saeima decided otherwise and supported the proposal stipulating that it will apply only in those cases where the debtor s home apartment is sold due to the individual s personal bankruptcy This means that after selling a property which served as security for taking out a mortgage the remaining debtor s obligations will be nullified During the first seven months of 2014 Latvian forest industry exports increased by 12 6 percent reaching 1 18 billion euros compared to 1 0 billion euros in the same period in 2013 according to data provided by the Forest Department of the Ministry of Agriculture reports Nozare lv The value of wood and wood products exported in the first seven months this year was 129 5 million euros which is 10 9 percent more than in 2013 The largest export markets were Great Britain Sweden and Germany A total of 11 2 percent of forest industry exports went to Great Britain 15 2 percent to Sweden and 10 9 percent to Germany Meanwhile forest industry imports in the first seven months of 2014 reached 391 9 million euros which is 16 8 percent more than in the respective period of 2013 The largest portion of imports came from Lithuania 20 3 percent Estonia 12 percent and Poland 11 1 percent 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

    Original URL path: http://www.baltictimes.com/news/articles/35621/ (2016-02-13)
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  • Agreement reached on next Rail Baltica phase
    for the purpose of carrying out planning and development of the high speed railway project that will connect the Baltic States with the rest of Europe reports ELTA Urve Palo Estonian minister of economic affairs and infrastructure assured Lithuanian Transport Minister Rimantas Sinkevicius at the Informal Transport Ministerial Council held in Milan that the deadline on the establishment of the Rail Baltica Joint Venture will not be delayed I consider this confirmation as a 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

    Original URL path: http://www.baltictimes.com/news/articles/35620/ (2016-02-13)
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  • Ripplewood Holdings group named as Citadele buyer
    speculation and stop the spreading of delusional statements and allegations says the Greens and Farmers Union The party feels that the deal is currently entangled in a veil of secrecy which is fodder for speculation The political party has also urged Straujuma to explain the government s decision about the bank s future We expect to sign as soon as possible we re in a big hurry to sign it said Collins at a news conference reports Bloomberg In a phone interview he asserted This bank has got a platform for a lot of growth and we are going to develop that Citadele bank the Baltic nation s fifth biggest lender by deposits competes in the market with banking majors that include Swedbank and SEB Nordic lenders control about half of Latvian banking assets according to the national banking association The sale price was expected to be disclosed along with the roster of the other investors at the end of September The group includes Collins himself and others who invested with us from Tokyo to Cairo to London he said Ripplewood which has bought banks in Japan and Egypt beat out rivals including Norvik Banka and Yuri Shefler for the government s support Ripplewood Holdings seems to be a rather aggressive private equity firm so a deal would certainly increase the competitive situation in Latvia Sven Kunsing who manages 1 billion euros of eastern European assets for SEB said by e mail As a strong institutional owner with a private equity background isn t a common sight in Baltic banking this transaction could potentially be a game changer in all of the Baltics Long term investors But the buyout won t be done by the private equity fund instead it will be done as a purchase by individuals The Wall Street Journal wrote Mr Collins said his company Ripplewood Holdings wasn t a buyer of Citadele but that his family would acquire 25 percent of the bank while a group of famous and successful investors who he would represent would buy 50 percent plus one share The remaining 25 percent of Citadele will still be owned by the European Bank for Reconstruction and Development The identities of these famous investors has not yet been disclosed either Collins reasoning on buying the bank outside of the equity fund This investment is different I decided that to have a longer term horizon I would invest with my colleagues directly and without the constraints of a private equity fund Collins said This is my capital and my colleagues capital he notes Though the price for the bank hasn t been announced maybe not even finalized the Latvian portal Pietiek com wrote that the government could sell its shares for 74 million euros according to a copy of the Ripplewood Holdings offer posted on the site The offer indicates a full value of the bank at 98 6 million euros Prime Minister Straujuma though previously told the Latvian Television show Rita panorama that Citadele

    Original URL path: http://www.baltictimes.com/news/articles/35619/ (2016-02-13)
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