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  • Latvian financial watchdog turns to police in relation to Ventspils Nafta shares
    police in relation to possible use of inside information and market manipulation with shares in Latvia s Ventspils Nafta holding FKTK spokeswoman Elina Avotina told BNS She said the FKTK had examined certain transactions made on the Nasdaq Riga stock exchange from Sept 9 to Sept 11 when the price of Ventspils Nafta rose steeply During the preliminary review of the information the regulator found indications suggesting insider trading and market manipulation on the 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/latvian_financial_watchdog_turns_to_police_in_relation_to_ventspils_nafta_shares/ (2016-02-13)
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  • BaltCap to acquire Baltic operations of Finnish OpusCapita
    venture capital investor in the Baltic States will acquire Baltic operations of Finnish invoicing and financial automation company OpusCapita For BaltCap the Baltics is a core market and we are thrilled to enter a business with many new opportunities said Kristjan Kalda Investment Director of BaltCap Through the investment BaltCap will participate in developing paperless economy a good fit to our strategy Europe has a long way to go until financi 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

    Original URL path: http://www.baltictimes.com/baltcap_to_acquire_baltic_operations_of_finnish_opuscapita/ (2016-02-13)
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  • Laima, Latvia’s top sweets maker, invests heavily in robot packagers
    maker Laima has invested EUR 1 77 million in technological upgrades of candy production said Dana Ercina Uzane the spokeswoman for NP Foods group to which Laima belongs She said that under the European Regional Development Fund project Laima has invested EUR 1 24 million in Denmark made candy production line and EUR 535 000 in German made packaging line Upgrades of technological processes will allow Laima to improve operations develop new products and increase export The company said that thanks to the new candy 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 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 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

    Original URL path: http://www.baltictimes.com/laima__latvia___s_top_sweets_maker__invests_heavily_in_robot_packagers/ (2016-02-13)
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  • Estonian Air files for bankruptcy
    pay back all the funding plus interest which it could not do Margrethe Vestager EU Commissioner in charge of competition policy said Companies should compete based on a sustainable business model rather than relying on continued support by the State to stay in the market Estonian Air has repeatedly received public subsidies over the past five years but did not carry out the necessary restructuring to become viable as a business It would not be a good use of taxpayer money to keep Estonian Air in the market artificially nor would it be fair to competitors which have to compete without such support Estonian Air was set up 24 years ago on Dec 1 1991 as the state airline It helped the small newly independent nation reestablish ties with the West after the crumbling of the Soviet Union It carried around 500 000 people annually and employed about 200 staff members According to figures more than EUR 135 million has been handed to the beleaguered company since 2009 by the Estonian government and it had not turned a profit since 2005 On Nov 9 when The Baltic Times visited Tallinn Airport Estonian Air posters advertising flights to Stockholm Milan Helsinki and Amsterdam was still hanging on the walls and adorning luggage trolleys The help desk was shuttered closed Banners for the Nordic Aviation Group NAG which replaces the company had sprung up in their place The NAG has been set up as the new state airline using EUR 40 million worth of funding The first flight departed at 6 50 a m on Nov 8 to Amsterdam It takes over routes to Amsterdam Brussels Copenhagen Stockholm Oslo Kiev Trondheim and Vilnius The company is brand new fully state funded and not the legal successor to Estonian Air Erik Sakkov board member of NAG said In the course of time we will develop a new brand of Estonian national airline based on Nordic Aviation We hope to present these plans during next summer ERR News reported that economy Minister Kristen Michal said one can argue for years about who is to blame The Estonian state can appeal the European Commission s decision but this would not stop Estonian Air from halting all activities at least for now Ticket compensation will begin on Dec 11 and customers can already register for a refund via estonian air ee They have until Feb 8 2016 to do so On May 22 Lithuanian airline Air Lituanica also filed for bankruptcy under the then newly elected Vilnius mayor Remigijus Simasius Air Lituanica was set up by Simasius predecessor Arturas Zuokas in 2013 and was owned by Vilnius Municipality Speaking exclusively to The Baltic Times Simasius said To keep it short the company Air Lituanica was generating heavy losses and they increased every year In 2015 the cost to keep the company afloat was almost EUR 10 million per year That s around EUR 1 million per month or EUR 30 000 per day Comments Related Articles

    Original URL path: http://www.baltictimes.com/estonian_air_files_for_bankruptcy_1695302201564ceb58308f4/ (2016-02-13)
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  • News search
    S Army troops and equipment arrive in Lithuania More than 60 units of military equipment from the United States arrived in Lithuania on October 28 2015 The e Read More Lithuanian Defence Chief to attend Brussels meeting on hybrid warfare Lithuania s Chief of Defence Lieutenant General Jonas Vytautas Zukas will attend a European Union Military Committee meeting in Brussels o Read More Vejonis underlines Baltic support to Ukraine During his state visit to Ukraine Latvian President Raimonds Vejonis underlined the importance of Latvia s support to the country Read More Vejonis Ukrainians have finally tasted freedom On his first official visit to Ukraine Latvian President Raimonds Vejonis has said Ukrainians have finally felt freedom and independence and do Read More Lithuania can become energy technology centre thanks to LNG terminal Lithuania s Energy Minister Rokas Masiulis believes Lithuania s floating Liquified Natural Gas storage and re gasification unit F Read More Lithuania to draft new National Security strategy Lithuanian Prime Minister Algirdas Butkevicius will set up a special group over the next few weeks for drafting a new National Security strategy Read More US Military Hardware Arrives in Estonia Estonia has received the first shipment of US military equipment that was promised to the governments of the Baltic states by the American defen Read More Previous 40 41 42 43 44 45 46 47 48 49 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

    Original URL path: http://www.baltictimes.com/search/jcms/start/390/ (2016-02-13)
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  • Latvia’s Citadele Bank postpones its IPO
    the bank s representatives told BNS Citadele Bank has decided to postpone the IPO due to ongoing unfavorable market conditions and the decision to assess alternative potential strategic funding opportunities the bank said While there was positive investor interest in the IPO from retail and institutional investors market conditions for new issuers have been difficult The IPO roadshow has however been a productive means to market both the Co 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/latvia___s_citadele_bank_postpones_its_ipo/ (2016-02-13)
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  • ‘Vulnerability of the Baltics is much higher’ than elsewhere, says expert
    Within the present context of Russia s revisionism which regrets the collapse of the Soviet Union as the greatest tragedy of the 20th century threat for all the Eastern and Central European countries will not diminish and will always remain Has NATO ever told anyone point blank what the alliance would do upon an intrusion NATO is developing certain crisis response plans agreed upon by all members for various occasions of emergency and certain flexibility within implementation of these plans is possible The harshest restrictions and supervision were always related to possession production and use of WMDs Weapons of Mass Destruction nuclear chemical biological weapons For example during the Cold War Germany was restricted in its production and possession of nuclear weapons as political agreement between allies after World War Two Considering the capacities the alliance has here what do you believe would be the most likely NATO response to an attack Though current presence of NATO forces in the Baltics can be considered as symbolic it is subject to change over the next coming years At the same time current capacities cannot be underestimated by an adversary The forces and military staff which are being deployed units of US and other allied forces at the moment constitute kind of a tripwire force and a credible measure of deterrence This is all true promise to the adversary that in the case of invasion a brake of tripwire will meet a full scale military response Is any one of the three Baltic States facing a bigger danger than the other two Why All the three countries are in relatively equal situations Considering the strategy and tactics used in Ukraine Russia has the most potential for success of similar strategies in Latvia than in Estonia and in lesser extent in Lithuania The difference is made by the portions of the ethnic Russians in each Baltic country and dispersion of this population along the Eastern border Also Latvia has the comparatively longest land border with Russia Worrisome is the fact that Latvia also is the key element in the Baltic defences as it geographically lies in the middle of the three Russia has been lately ramping up its naval military presence in the Baltic Mediterranean and Black Seas How well is the Baltic Sea protected Are Lithuania Latvia and Estonia vulnerable together and separately to the Baltic Sea What should be done to defuse the threat Vulnerability on the sea is an issue which can t be resolved by the Baltic States alone even if they double or multiply their naval capability Here it is extremely necessary to utilize strategic military cooperation between Baltic Sea countries including Scandinavian countries Poland and Germany If necessary permanent stationing of the NATO US battle ships shall also be considered If an adversary launches an attack against the Baltics how long do you believe we would be able to hold ground on our own until help arrives It can be a matter of very short time and

    Original URL path: http://www.baltictimes.com/___vulnerability_of_the_baltics_is_much_higher____than_elsewhere__says_expert/ (2016-02-13)
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  • Lithuania worries about environmental impact of Belarus building nuclear power plant by border
    Astravyets nuclear power plant under construction close to the nations shared border Environment Minister Kestutis Treciokas said on Thursday According to the minister Lithuania is ready to constructively deal with the project s environmental impact assessment problems and has already sent to Belarus a draft bilateral agreement on the implementation of the Espoo Convention We have turned to international organizations and we expect to receive explanat 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 news analysis

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