Taking Counsel: Retailers, be aware!  
TBT#632 [ Nov 19, 2008 ]
In October 2008 amendments to the Latvian Competit...

Company briefs 
TBT#632 [ Nov 19, 2008 ]
Estonian Air has announced that it will slash tick...

Parex Bank posts losses “tens of millions”  
TBT#632 [ Nov 19, 2008 ]
RIGA - Latvia’s ailing Parex Bank hasn’t seen the ...

Estonian Air to overhaul strategy 
TBT#632 [ Nov 19, 2008 ]
TALLINN - Estonian Air’s owners are left with litt...

Telecom companies blast surveillance law  
TBT#632 [ Nov 19, 2008 ]
VILNIUS - During their final parliamentary session...

Kaubamaja’s profits far below expectations  
TBT#632 [ Nov 19, 2008 ]
TALLINN - The Tallinna Kaubamaja Group has announc...

Bourses to extend working hours 
TBT#631 [ Nov 12, 2008 ]
TALLINN - The president of the NASDAQ OMX Baltic ...

OU Superseacat declares bankruptcy 
TBT#631 [ Nov 12, 2008 ]
TALLINN - The Harju County Court has opened bankru...

Taking Counsel: Keep your cash where your loan is  
TBT#631 [ Nov 12, 2008 ]
In the light of the current global credit crisis, ...

Company briefs 
TBT#631 [ Nov 12, 2008 ]
The Swedbank investment management arm in Estonia,...

Car sales to drop in coming years  
TBT#631 [ Nov 12, 2008 ]
RIGA - Car dealers and monitor forecasts are optim...

Olympic’s lucks runs out on the bourse  
TBT#631 [ Nov 12, 2008 ]
TALLINN - Estonian casino operator Olympic Enterta...

Double Coffee feels the grind  
TBT#631 [ Nov 12, 2008 ]
RIGA - As the Baltic economies continue to feel th...

Government invests in LNG  
TBT#631 [ Nov 12, 2008 ]
VILNIUS - The government has said that it would tr...

Bolderaja Ltd puts 140 million into new plant 
TBT#630 [ Nov 05, 2008 ]
RIGA – The Bolderaja chipboard production company...

Double Coffee feels the grind 
TBT#630 [ Nov 05, 2008 ]
RIGA - As the Baltic economies continue to feel th...

Parex bought by government 
TBT#630 [ Nov 05, 2008 ]
RIGA – The Latvian government has bought the cont...

Lithuania slashes required reserves 
TBT#630 [ Nov 05, 2008 ]
VILNIUS - The Bank of Lithuania has slashed the re...

Taking Counsel: Bank deposit guarantees increased in light of the financial crisis  
TBT#630 [ Nov 05, 2008 ]
On October 14, 2008 the Parliament of the Republic...

Company briefs 
TBT#630 [ Nov 05, 2008 ]
Airbaltic national airline plans at least four com...

Parex Bank registers massive bonds  
TBT#630 [ Nov 05, 2008 ]
RIGA - This year is looking good for Parex Bank. T...

SEB Estonia compensates clients over fund devaluation  
TBT#630 [ Nov 05, 2008 ]
TALLINN - Following an exodus of unsatisfied custo...

Electricity prices to rise 18 percent  
TBT#630 [ Nov 05, 2008 ]
VILNIUS - Electricity prices for households in Lit...

Tallink’s profits drop while owners top the rich list  
TBT#630 [ Nov 05, 2008 ]
TALLINN - Estonia’s largest ferry company has repo...

Lithuanian electricity prices on the rise 
TBT#629 [ Oct 29, 2008 ]
VILNIUS – The price of electricity in Lithuania...

EIB hands Latvia massive loan 
TBT#629 [ Oct 29, 2008 ]
RIGA – Latvian Finance Minister Atis Slakteris ha...

Company briefs 
TBT#629 [ Oct 29, 2008 ]
Major Latvian grain processing company Rigas Dzirn...

Taking counsel: Employee Suspension: Proceed with Caution 
TBT#629 [ Oct 29, 2008 ]
Employment relations in Latvia are governed by the...

Company briefs 
TBT#629 [ Oct 29, 2008 ]
Major Latvian grain processing company Rigas Dzirn...

Estonian company pioneers online expo 
TBT#629 [ Oct 29, 2008 ]
TALLINN - The Estonian company Online Expo has set...

Latvians leaving creditors holding the bag 
TBT#629 [ Oct 29, 2008 ]
RIGA - Hundreds of Latvians returning home from de...

Swedbank reports respectable third-quarter results 
TBT#629 [ Oct 29, 2008 ]
TALLINN - Swedbank Baltic Banking has declared 107...

Baltic air wars intensify 
TBT#629 [ Oct 29, 2008 ]
RIGA - Lithuania’s flagship carrier FlyLAL-Lithuan...

S&Ps downgrades Lithuania Energy 
TBT#628 [ Oct 22, 2008 ]
VILNIUS – Standard & Poor’s has downgrading i...

flyLAL settles debts with RIX 
TBT#628 [ Oct 22, 2008 ]
RIGA – flyLAL, the Lithuanian national air carrie...

Mazeika takes over Leo LT 
TBT#628 [ Oct 22, 2008 ]
VILNIUS - Gintautas Mazeika, the CEO of the power...

Estonian central bank announces budget deficit 
TBT#628 [ Oct 22, 2008 ]
TALLINN – The Estonian central bank has announced...

Taking counsel: The legal protection of a consumer in the field of E-commerce  
TBT#628 [ Oct 22, 2008 ]
The internet is probably the greatest technologica...

Swedbank is still top of the tree 
TBT#628 [ Oct 22, 2008 ]
Tallinn - Despite its recent troubles and drops in...

Lithuania looks for electricity after Ignalina 
TBT#628 [ Oct 22, 2008 ]
VILNIUS - European Union leaders meeting at the Eu...

Baltic Bank Satisfaction 
TBT#628 [ Oct 22, 2008 ]
RIGA - Banking customers in all three Baltic state...

RIX extends runway 
TBT#628 [ Oct 22, 2008 ]
RIGA - Riga airport has moved closer to gaining th...

Swedish power link battle rages on 
TBT#627 [ Oct 15, 2008 ]
VILNIUS/RIGA – The longstanding dispute between La...

SEB gives dire outlook for Estonian economy 
TBT#627 [ Oct 15, 2008 ]
TALLINN – SEB Panka, the Estonian branch of the m...

Lithuanian budget to go for debate on Oct. 28 
TBT#627 [ Oct 15, 2008 ]
VILNIUS - A draft Lithuanian national budget for ...

Commissioner calls of president to reject budget 
TBT#627 [ Oct 15, 2008 ]
VILNIUS - EU Commissioner for Financial Programmin...

Latvian analysts deny Iceland scenario 
TBT#627 [ Oct 15, 2008 ]
RIGA – A number of Latvian economic analysts have...

SEB Bank faces illegal activity and bond portfolio problems 
TBT#627 [ Oct 15, 2008 ]
SEB Group’s tough financial situation worsened thi...

INPP will stay open: Economy Minister to EU 
TBT#627 [ Oct 15, 2008 ]
Lithuanian Economy Minister Vytas Navickas said th...

Company briefs 
TBT#627 [ Oct 15, 2008 ]
The business daily Aripaev announced the fast dete...

Taking counsel: Efficient debt recovery through procedure of notice  
TBT#627 [ Oct 15, 2008 ]
High inflation, a fall in real property prices, an...

Latvia wants equal benefits from Lithuania-Sweden energy bridge 
TBT#627 [ Oct 15, 2008 ]
The chief of Latvia’s state-owned energy company w...

Kaubamaja sales up, shoppers undeterred by economic woes 
TBT#627 [ Oct 15, 2008 ]
TALLINN - Recent revenue figures from the Tallinna...

Riga Airport launches appeal 
TBT#626 [ Oct 08, 2008 ]
RIGA – The RigaInternationalAirporthas launched an...

Finance Ministry predicts large 2008 deficit 
TBT#626 [ Oct 08, 2008 ]
VILNIUS – The Lithuanian finance ministry has pre...

Taking Counsel: New, more effective bankruptcy procedure in effect  
TBT#626 [ Oct 08, 2008 ]
The amendments of the Enterprise Bankruptcy Law ca...

Company briefs 
TBT#626 [ Oct 08, 2008 ]
Ingka Beheer, a Dutch subsidiary of Sweden’s furni...

Finnish Pohjola Bank to launch branch in Estonia 
TBT#626 [ Oct 08, 2008 ]
TALLINN - OP-Pohjola Group, the second-largest ban...

FlyLAL battles airBaltic in court  
TBT#626 [ Oct 08, 2008 ]
VILNIUS - Acrimony between airlines airBaltic and ...

Banks face ‘sabotage’  
TBT#626 [ Oct 08, 2008 ]
RIGA - Authorities in Latvia believe white-collar ...

Swedbank in crisis  
TBT#626 [ Oct 08, 2008 ]
TALLINN - With its stocks plummeting, its long-ter...

Baltic inflation rates continue to fall 
TBT#625 [ Oct 01, 2008 ]
RIGA - Inflation rates in the Baltic states conti...

Lithuanians pessimistic about future economy 
TBT#625 [ Oct 01, 2008 ]
VILNIUS - The results of a recent public opinion p...

Fitch downgrades Baltic ratings 
TBT#625 [ Oct 01, 2008 ]
TALLINN - In the latest twist in the Baltic state...

SEB: Latvian economy to shrink in 2008 
TBT#625 [ Oct 01, 2008 ]
RIGA – Analysts from SEB Banka, one of the larges...

Company briefs 
TBT#625 [ Oct 01, 2008 ]
Estonian mobile operator Elisa is planning to inve...

Russia throws down Druzhba gauntlet  
TBT#625 [ Oct 01, 2008 ]
VILNIUS - Russian Ambassador to Lithuania, Vladimi...

Tallinn TV tower revival in the works  
TBT#625 [ Oct 01, 2008 ]
TALLINN - Having stood idle for many months, the T...

Swedbank fends off rumors of a fall  
TBT#625 [ Oct 01, 2008 ]
RIGA - Swedbank, formerly Hansabank announced that...

Estonian Air forced to rethink strategy  
TBT#625 [ Oct 01, 2008 ]
TALLINN - Estonian Air will develop a local niche ...

The future of banking 
TBT#624 [ Sep 24, 2008 ]
RIGA - “It was the best of times, it was the worse...

Maximum effect 
TBT#624 [ Sep 24, 2008 ]
RIGA - Maximus Capital, an independent internation...

Taking Counsel: Obtaining a construction permit in Kursiu Nerija  
TBT#624 [ Sep 24, 2008 ]
The Kursiu Nerija (Curonian Spit) National Park ha...

Company briefs 
TBT#624 [ Sep 24, 2008 ]
Finnish small loans company, Luottotalo Fenno OY, ...

Two plants in region before Ignalina replacement  
TBT#624 [ Sep 24, 2008 ]
VILNIUS - Russia and Belarus will both have nuclea...

Construction begins on new business park  
TBT#624 [ Sep 24, 2008 ]
RIGA - A consortium of investor led by Norwegian c...

Moscow gives property market the chills  
TBT#624 [ Sep 24, 2008 ]
TALLINN - While the Churchill property scandal has...

Taking counsel: Inflation plan revisited 
TBT#623 [ Sep 17, 2008 ]
Last July in this column we considered Latvia’s an...

Company briefs 
TBT#623 [ Sep 17, 2008 ]
TLS Alliance, a pan-Baltic commercial law partners...

Baltic tourism up despite economic woes 
TBT#623 [ Sep 17, 2008 ]
RIGA - Recent data has revealed that tourism is on...

Hedge funds help investors weather recession 
TBT#623 [ Sep 17, 2008 ]
TALLINN - With Baltic economies reaching a nadir, ...

Banks ponder collapse of Lehman 
TBT#623 [ Sep 17, 2008 ]
TALLINN - Swedbank, the region’s largest bank, has...

Hotel chain consolidates with country club addition 
TBT#623 [ Sep 17, 2008 ]
TALLINN - The Tallinn-based hotel chain Uniquestay...

Taking Counsel: Demanding of access over an immovable of another and compensation for constructions over boundary of neighboring immovables  
TBT#622 [ Sep 10, 2008 ]
Despite the fact that the land reform has generall...

Company briefs 
TBT#622 [ Sep 10, 2008 ]
AS Eesti Post the state owned postal service ...

Baltic unity needed on energy bridge  
TBT#622 [ Sep 10, 2008 ]
VILNIUS - The Swedish ambassador to Lithuania has ...

Slesers: Riga Airport to save economy  
TBT#622 [ Sep 10, 2008 ]
RIGA - Latvian Transport Minister Ainars Slesers h...

Latvian housing prices plummet  
TBT#622 [ Sep 10, 2008 ]
RIGA - Latvian housing prices have drastically dro...

Estonian Air fights its corner  
TBT#622 [ Sep 10, 2008 ]
TALLINN - Estonian Air, the national carrier, show...

Company briefs 
TBT#621 [ Sep 03, 2008 ]
Norwegian-owned, Latvian non-life insurance compan...

Taking Counsel: Peaceful Settlement of a Civil Dispute — Is It Possible?  
TBT#621 [ Sep 03, 2008 ]
For a long time, the most popular way — almost the...

Nuclear plant faces further delays  
TBT#621 [ Sep 03, 2008 ]
VILNIUS - The Lithuanian prime minister has said t...

Three Baltic law firms merge  
TBT#621 [ Sep 03, 2008 ]
VILNIUS - Three leading business-law firms in Esto...

Small breweries face falling profits  
TBT#621 [ Sep 03, 2008 ]
RIGA - Small Latvian breweries are struggling in t...

Sweet times for Kalev  
TBT#621 [ Sep 03, 2008 ]
TALLINN - The current economic situation isn’t bit...

Taking counsel: Deadbeat difficulties: Insolvency action as a form of debt collection 
TBT#620 [ Aug 27, 2008 ]
Since January 1, 2008, when the new insolvency law...

Company briefs 
TBT#620 [ Aug 27, 2008 ]
The Latvian corruption watchdog has officially giv...

Norwegians buy Vilnius logistics center 
TBT#620 [ Aug 27, 2008 ]
VILNIUS - Norwegian investment company NOR Propert...

Hedge fund moves into consumer electronics 
TBT#620 [ Aug 27, 2008 ]
TALLINN - GILD Arbitrage, the only multi-strategy ...

Latvian Railways to split 
TBT#620 [ Aug 27, 2008 ]
RIGA - The Latvian government has endorsed a 13 mi...

Teo LT sues individual for 12 million litas 
TBT#620 [ Aug 27, 2008 ]
VILNIUS - The Lithuanian telecommunications compan...

Megarenta bought by Norwegian company  
TBT#619 [ Aug 20, 2008 ]
VILNIUS - Norwegian investment company NOR Propert...

More passengers, more profits at Tallinn ports 
TBT#619 [ Aug 20, 2008 ]
TALLINN - Half-year results from AS Tallinna Sadam...

Ditton blasts media inaccuracy 
TBT#619 [ Aug 20, 2008 ]
RIGA - The management board of JSC Ditton, the Dau...

Ditton blasts media inaccuracy 
TBT#619 [ Aug 20, 2008 ]
RIGA - The management board of JSC Ditton, the Dau...

Company briefs 
TBT#619 [ Aug 20, 2008 ]
Latvia’s Parex Bank has opened two new braches in ...

Taking Counsel: The obligation of a purchaser to examine all purchases  
TBT#619 [ Aug 20, 2008 ]
General In a world which is daily becoming more...

Farmers to receive aid for producing biofuels  
TBT#619 [ Aug 20, 2008 ]
TALLINN - For the first time, farmers will receive...

Wood factory plans stall  
TBT#619 [ Aug 20, 2008 ]
VILNIUS - Lithuania’s Vakaru Medienos Grupe (VMG) ...

Kivioli profits plummet despite high oil prices  
TBT#619 [ Aug 20, 2008 ]
TALLINN - Despite rising petrochemical prices, pro...

SAS to drop airBaltic  
TBT#619 [ Aug 20, 2008 ]
RIGA - Scandinavian airline giant SAS has announce...

ELKO is wired for sales 
TBT#618 [ Aug 13, 2008 ]
RIGA - ELKO Group has bucked the downward trend in...

Baltika to supply German chain  
TBT#618 [ Aug 13, 2008 ]
TALLINN - After two years of preparatory work, ...

SAS bails out of airBaltic 
TBT#618 [ Aug 13, 2008 ]
RIGA - Frustrated by the Latvian government's...

Olympic shuffles its deck 
TBT#618 [ Aug 13, 2008 ]
TALLINN – Olympic Entertainment Group (OEG) held...

Taking Counsel: New public procurement legislation  
TBT#618 [ Aug 13, 2008 ]
The Law on Public Procurement of the Republic of L...

Company briefs 
TBT#618 [ Aug 13, 2008 ]
Achema, a Lithuanian nitrogen fertilizer and chemi...

Germans buy Kaunas Akropolis  
TBT#618 [ Aug 13, 2008 ]
VILNIUS - The 60,000 square meter Akropolis shoppi...

Saku leaves the bourse  
TBT#618 [ Aug 13, 2008 ]
TALLINN - Estonia’s biggest brewing company, Saku ...

Estonian Railroad to be split in two  
TBT#618 [ Aug 13, 2008 ]
TALLINN - Under a separation plan that has already...

AirBaltic business takes off  
TBT#618 [ Aug 13, 2008 ]
RIGA - Despite a steadily worsening economy, the L...

Finn takes the helm at Saku 
TBT#618 [ Aug 13, 2008 ]
TALLINN - Piotr Smaga stepped down from his positi...

Recession arrives in Estonia 
TBT#617 [ Aug 06, 2008 ]
TALLINN - It's been a long time coming, but it...

Taking Counsel: State aid may mean more trouble and less aid  
TBT#617 [ Aug 06, 2008 ]
It is sometimes the case that a government wishes ...

Company briefs 
TBT#617 [ Aug 06, 2008 ]
Riga International Airport announced a tender for ...

Scramble for energy  
TBT#617 [ Aug 06, 2008 ]
VILNIUS - Electricity production has stopped at Li...

Veolia cleans up the country  
TBT#617 [ Aug 06, 2008 ]
RIGA - Europe’s largest environmental services com...

Bensons runs out of petrol  
TBT#617 [ Aug 06, 2008 ]
RIGA - Honda Motors Europe has ended its business ...

Gazprom sues over contract dispute  
TBT#617 [ Aug 06, 2008 ]
VILNIUS - The owners of Kaunas Thermal Power Plant...

Estonia energizes its Baltic neighbors 
TBT#617 [ Aug 06, 2008 ]
TALLINN - Power utility Eesti Energia, announced t...

Stradivarius sounds out Kaunas 
TBT#616 [ Jul 30, 2008 ]
KAUNAS - Lithuanian clothing company Apranga Group...

Latvia leads Euro retail slide 
TBT#616 [ Jul 30, 2008 ]
BRUSSELS - New figures from Eurostat, the statisti...

Merko split in two 
TBT#616 [ Jul 30, 2008 ]
TALLINN - Estonian construction giant Merko has sp...

Eesti Energija wants third of Latvian market 
TBT#616 [ Jul 30, 2008 ]
RIGA - Eesti Energia, the Estonian electricity uti...

Baltic unemployment still low 
TBT#616 [ Jul 30, 2008 ]
BRUSSELS - Latest official statistics from the Eur...

New presses ready to roll 
TBT#616 [ Jul 30, 2008 ]
RIGA - The oil and publishing industries may seem ...

Plans for nuclear plant move forward 
TBT#616 [ Jul 30, 2008 ]
VILNIUS - Energy company executives from the three...

Taking Counsel: Troubled economy complicates collecting on bad debts  
TBT#616 [ Jul 30, 2008 ]
It is a trite statement that the current economic ...

Company briefs 
TBT#616 [ Jul 30, 2008 ]
Latvia’s Eurotex plans to invest 3.5 million lats ...

Slump claims first celebrity victim  
TBT#616 [ Jul 30, 2008 ]
RIGA - The first major casualty from Latvia’s econ...

Housing prices set to tumble further  
TBT#616 [ Jul 30, 2008 ]
RIGA - Worse is yet to come for Latvia’s wilting r...

Maxima works to restore confidence after food poisoning  
TBT#616 [ Jul 30, 2008 ]
RIGA - Major renovations at Maxima’s regional stor...

Plans for nuclear plant move forward 
TBT#616 [ Jul 30, 2008 ]
VILNIUS - Energy company executives from the three...

Swedes to fix the weakest link  
TBT#616 [ Jul 30, 2008 ]
VILNIUS - The controversial decision over where to...

Latvians facing poverty in old age  
TBT#616 [ Jul 30, 2008 ]
RIGA - A survey by GE Money Bank reveals only a fi...

The Image Makers: Latvia 
TBT#615 [ Jul 23, 2008 ]
In the second of a three-part series on the people...

Call for single Baltic energy giant 
TBT#615 [ Jul 23, 2008 ]
RIGA - Karlis Mikelsons, chairman of Latvian powe...

Taking Counsel: Auditors’ Civil Liability – Ready for a Limit 
TBT#615 [ Jul 23, 2008 ]
The topic of civil liability of an auditor has rec...

Company briefs 
TBT#615 [ Jul 23, 2008 ]
Klaipeda Port Development Council has revised its ...

Russia promises more oil 
TBT#615 [ Jul 23, 2008 ]
RIGA - In a sudden about-face over statements made...

No love lost for Euro 
TBT#615 [ Jul 23, 2008 ]
VILNIUS - Lithuanians aren’t too excited about the...

‘Chaos’ over power plant company 
TBT#615 [ Jul 23, 2008 ]
VILNIUS - The power sharing agreement between the ...

Tough times encourage restructuring 
TBT#615 [ Jul 23, 2008 ]
RIGA - The number of equipment leasing transaction...

ForMin urges business to look abroad 
TBT#614 [ Jul 16, 2008 ]
PANEVEZYS - During a visit to Panevėžys district o...

Latvian company buys Estonian energy 
TBT#614 [ Jul 16, 2008 ]
RIGA - Valmieras stikla šķiedra, a major Latvian p...

Current accounts need to be sorted - UniCredit 
TBT#614 [ Jul 16, 2008 ]
RIGA - UniCredit, which operates the largest bank...

Estonia mulls state sell-off 
TBT#614 [ Jul 16, 2008 ]
TALLINN -- Estonia's Ministry of Economy and ...

Swedish banks not worried about Baltic defaults 
TBT#614 [ Jul 16, 2008 ]
STOCKHOLM -  Swedbank and SEB, two giant p...

Company briefs 
TBT#614 [ Jul 16, 2008 ]
Baltijas Sporta Auto, authorized Porsche dealer fo...

Polish to buy gov. oil 
TBT#614 [ Jul 16, 2008 ]
VILNIUS - Poland’s oil group PKN Orlen, owner of m...

Electric dreams 
TBT#614 [ Jul 16, 2008 ]
TALLINN - Rail passengers in Tallinn can look forw...

Shopping bonanza hits town 
TBT#614 [ Jul 16, 2008 ]
RIGA - Retail shopping mall operator Linstow Cente...

Taking Counsel: Duty of Good Faith and Fairness: On the Rise in Judicial Evaluation of Late Payment Penalties? 
TBT#614 [ Jul 16, 2008 ]
Section 1 of the Latvian Civil Law enunciates the ...

Ignalina company under EU investigation 
TBT#614 [ Jul 16, 2008 ]
VILNIUS - Leo LT, the joint-venture vehicle set up...

Turning the tap off 
TBT#614 [ Jul 16, 2008 ]
RIGA - Russia is forging ahead with plans to cease...

The Image Makers: Estonia 
TBT#613 [ Jul 09, 2008 ]
In the first of a three part series, Mike Collier ...

Hipoteku, Aizkraukles back SMEs 
TBT#613 [ Jul 09, 2008 ]
RIGA - Two of Latvia's most distinctive home-g...

Baltic banks' outlook still positive 
TBT#613 [ Jul 09, 2008 ]
RIGA - An in-depth survey of the banking sector ...

Ukio profits stable 
TBT#613 [ Jul 09, 2008 ]
VILNIUS - During the first half of 2008 Ukio Bank...

Positively double negative about LEO LT 
TBT#613 [ Jul 09, 2008 ]
VILNIUS - In one of the tricksiest press statement...

Taking Counsel: Booze It and lose it 
TBT#613 [ Jul 09, 2008 ]
In 2007, drunk driving killed 79 people in 518 car...

Company briefs 
TBT#613 [ Jul 09, 2008 ]
Starting this month, Estonia’s ERGO Insurance will...

Foul play on the Swedish seas 
TBT#613 [ Jul 09, 2008 ]
TALLINN - The evaluation committee from the intern...

Lithuania developing nuclear plant partnership 
TBT#613 [ Jul 09, 2008 ]
VILNIUS - The Lithuanian electricity holding compa...

Gazprom controversy flare-up 
TBT#613 [ Jul 09, 2008 ]
VILNIUS - Lithuanian members of the European Parli...

Riga’s airport to take off 
TBT#613 [ Jul 09, 2008 ]
RIGA - Riga International Airport has announced it...

Haapsalu shows value of heritage investment 
TBT#612 [ Jul 02, 2008 ]
 HAAPSALU - On 4th July, Haapsalu Episcopal...

Company briefs 
TBT#612 [ Jul 02, 2008 ]
Latvijas Pasts is planning to seal franchise agree...

Taking Counsel: Cassation in administrative courts 
TBT#612 [ Jul 02, 2008 ]
For several years now Lithuania’s parliament has b...

Piebalgs defends Nord Stream 
TBT#612 [ Jul 02, 2008 ]
RIGA - EU Energy Commissioner Andris Piebalgs has ...

France keen on joining Lithuania’s new nuclear reactor project 
TBT#612 [ Jul 02, 2008 ]
VILNIUS - A top French government official has sai...

Lithuanian-Polish grid link could become reality in 2013 
TBT#612 [ Jul 02, 2008 ]
VILNIUS - A grid link between Lithuania and Poland...

Estonia mulls own nuclear power plant 
TBT#612 [ Jul 02, 2008 ]
TALLINN - Estonia and Finland have marked a jointl...

Latvia eyes Ukraine for energy supplies 
TBT#612 [ Jul 02, 2008 ]
RIGA - Several of Latvia’s top political and econo...

Kirkilas, Grybauskaite trade barbs over economy 
TBT#612 [ Jul 02, 2008 ]
VILNIUS - Prime Minister Gediminas Kirkilas and Da...

NETS lands PKK 
TBT#611 [ Jun 18, 2008 ]
TALLINN- Pankade Kaardikeskus (PKK), the nation...

Baltic Fund celebrates 10 years 
TBT#611 [ Jun 18, 2008 ]
RIGA - A 10-year return of more than 700 percen...

TAKING COUNSEL: Some thoughts on debt collection 
TBT#611 [ Jun 18, 2008 ]
Economic growth in the Baltic states has decelerat...

Company briefs 
TBT#611 [ Jun 18, 2008 ]
The Iki retail chain announced plans to open 10 ne...

Report: Port bosses collide over wharf sale 
TBT#611 [ Jun 18, 2008 ]
TALLINN - A spat has arisen between executives of ...

Eesti Post likely to see ownership change 
TBT#611 [ Jun 18, 2008 ]
TALLINN - Government ministers are toying with the...

Health inspectors slam Maxima with fine 
TBT#611 [ Jun 18, 2008 ]
RIGA - The Riga city department of the Food and Ve...

Russia slaps ban on Rokiskio Suris, then lifts immediately 
TBT#611 [ Jun 18, 2008 ]
VILNIUS - Russia imposed then lifted a ban on Roki...

Danish envoy: Lithuania should focus on rule of law 
TBT#611 [ Jun 18, 2008 ]
VILNIUS - Denmark’s ambassador to Lithuania has sa...

Slesers: ‘SAS will not take over airBaltic’ 
TBT#611 [ Jun 18, 2008 ]
RIGA - Latvia’s government decided not to sell its...

Company briefs 
TBT#610 [ Jun 11, 2008 ]
The Butinge oil terminal handled 3.4 million tons ...

TAKING COUNSEL: Possibilities and restrictions between employers, employees 
TBT#610 [ Jun 11, 2008 ]
Recently there have been some liberal tendencies i...

Inflation climbs in all three countries 
TBT#610 [ Jun 11, 2008 ]
TALLINN - The pain of the Baltics’ inflationary sh...

Report: SEB sends in debt collectors 
TBT#610 [ Jun 11, 2008 ]
TALLINN - Sweden’s SEB banking group, fearful of g...

Piebalgs: energy prices to remain high 
TBT#610 [ Jun 11, 2008 ]
RIGA - European Energy Commis-sioner Andris Piebal...

Conflicting reports about Swedish energy 
TBT#610 [ Jun 11, 2008 ]
RIGA - The appearance of nine prime ministers in t...

Swedbank is here to stay 
TBT#609 [ Jun 04, 2008 ]
The rumours are true - Hansabank is leaving the...

Taking counsel: Residential tenancies and state protection: Can you contract out of it? 
TBT#609 [ Jun 04, 2008 ]
Many have observed that the real estate market has...

Company briefs 
TBT#609 [ Jun 04, 2008 ]
News Corp. announced that it has completed a 100 p...

Carlsberg offers buyout of minority stakes in Saku Brewery 
TBT#609 [ Jun 04, 2008 ]
TALLINN - A subsidiary of Carlsberg A/S, the large...

Snaige’s sales keep rising 
TBT#609 [ Jun 04, 2008 ]
Snaige, the troubled refrigerator maker based in A...

Canadians upbeat on wind power for Hiiumaa 
TBT#609 [ Jun 04, 2008 ]
TALLINN - A Canadian investor specializing in rene...

Hard-landing for Estonia, Latvia all but guaranteed 
TBT#609 [ Jun 04, 2008 ]
RIGA - With the summer sun beating down and the be...

Food prices hound EU, while leaders debate solution 
TBT#609 [ Jun 04, 2008 ]
VILNIUS - A fresh report on food prices throughout...

Taking Counsel: Law provides restrictions to purchase of immovables  
TBT#608 [ May 28, 2008 ]
The acquisition of real estate in Estonia is restr...

Company briefs 
TBT#608 [ May 28, 2008 ]
Olympic Entertainment Group, the Baltics’ largest ...

Finno-Ugric tunnel dreams persist 
TBT#608 [ May 28, 2008 ]
TALLINN - Civil leaders in Helsinki and Tallinn co...

Latvian Railways mulls new Daugava bridge 
TBT#608 [ May 28, 2008 ]
RIGA - Euphoric over the impressive jump in freigh...

Tour agencies brace for insolvency 
TBT#608 [ May 28, 2008 ]
TALLINN - As Estonian consumers struggle to keep u...

Adamkus, Kirkilas take Lithuania’s energy case  
TBT#608 [ May 28, 2008 ]
VILNIUS - Lithuania’s top two political figures hi...

Latvia’s new booming business – debt collection 
TBT#608 [ May 28, 2008 ]
RIGA - 2008 will probably go down in Baltic histor...

Taking Counsel: Rental of commercial premises: what should be considered? 
TBT#607 [ May 21, 2008 ]
Renting non-residential premises for commercial ac...

Company briefs 
TBT#607 [ May 21, 2008 ]
Estonia’s port in Sillamae launched the constructi...

Higher sales, repairs help Mazeikiu recover 
TBT#607 [ May 21, 2008 ]
VILNIUS - A more than two-fold jump in sales at Ma...

Latvia’s millers reap windfall  
TBT#607 [ May 21, 2008 ]
RIGA - Rigas Dzirnavnieks, one of Latvia’s largest...

‘Power bridge’ deal finalized 
TBT#607 [ May 21, 2008 ]
VILNIUS - At long last, Lithuania and Poland have ...

Real estate agents caution against state’s planned property sales 
TBT#607 [ May 21, 2008 ]
TALLINN - The government’s plan to sell several pr...

PM Putin fires warning shot at Baltic ports 
TBT#607 [ May 21, 2008 ]
RIGA - In one of his first acts as Russia’s new he...

Taking Counsel: Amendments to Latvia’s Commercial Law in the works 
TBT#606 [ May 14, 2008 ]
Draft amendments to the Commercial Law of Latvia h...

Company briefs 
TBT#606 [ May 14, 2008 ]
Trials, a major Latvian meatpacker, said it would ...

International oil trader seeks assurance in Latvia 
TBT#606 [ May 14, 2008 ]
RIGA - Executives from Vitol Group, a major intern...

Estonian advertising market heads south 
TBT#606 [ May 14, 2008 ]
TALLINN - Estonia’s ongoing economic downturn has ...

Russian bank acquires troubled Multibanka  
TBT#606 [ May 14, 2008 ]
RIGA - A little known Russian bank has acquired a ...

Stumbras looks to build new factory 
TBT#606 [ May 14, 2008 ]
VILNIUS - The owners of Stumbras, one of Lithuania...

Latvia’s inflation hits 12-year high of 17.5 percent 
TBT#606 [ May 14, 2008 ]
RIGA - A year ago, few could have suspected that L...

Taking Counsel: How strong is competition in Estonia’s banking sector? 
TBT#605 [ May 07, 2008 ]
Estonia’s commercial banks in recent weeks have an...

Company briefs 
TBT#605 [ May 07, 2008 ]
Opab, a Swedish firm, applied for a permit to expl...

Swedish firm purchases two Latvian forestry companies 
TBT#605 [ May 07, 2008 ]
RIGA - Sweden’s Bergvik Skog, a forestry company, ...

Estonia to build oil shale plant in Jordan 
TBT#605 [ May 07, 2008 ]
TALLINN - Eesti Energia (Estonian Energy) announce...

Osinovsky: transit unlikely to return to Estonia 
TBT#605 [ May 07, 2008 ]
TALLINN - Oleg Osinovsky, the much demonized trans...

Lithuania’s utility chief lashes out at Poland, Latvia 
TBT#605 [ May 07, 2008 ]
VILNIUS - Lietuvos Energija CEO Rymantas Juozaitis...

Company briefs 
TBT#604 [ May 01, 2008 ]
Lithuania’s top tour agency, Novaturas, canceled c...

Taking Counsel: Has springtime arrived for the real estate market? 
TBT#604 [ May 01, 2008 ]
As part of its anti-inflation plan last year, Latv...

Estonian utility close to sealing deal with Jordan 
TBT#604 [ May 01, 2008 ]
Eesti Energia (Estonian Energy) announced that it ...

Venerable yeast factory to shut down 
TBT#604 [ May 01, 2008 ]
One of Riga’s oldest factories, Rigas Raugs (Riga ...

Kirkilas demands bureaucrats get to bottom of capricious milk market 
TBT#604 [ May 01, 2008 ]
VILNIUS - Prime Minister Gediminas Kirkilas has as...

Summer of 2008 may lead to brewery blues 
TBT#604 [ May 01, 2008 ]
Although the longer days and warm weather are here...

Estonians doubt managers' skills 
TBT#603 [ Apr 23, 2008 ]
 TALLINN -- Enterprise Estonia has released...

Taking counsel: Legal status of EU foreigners: easier, or more difficult? 
TBT#603 [ Apr 23, 2008 ]
After amendments to Lithuania’s law on the legal s...

Company briefs 
TBT#603 [ Apr 23, 2008 ]
Officials from the Tallink Group and Estonian Sail...

FlyLAL mulls taking competitor airBaltic to court 
TBT#603 [ Apr 23, 2008 ]
VILNIUS - Lithuania’s dominant air carrier, FlyLAL...

State to hold onto Eesti Telekom 
TBT#603 [ Apr 23, 2008 ]
TALLINN - The government has announced that it doe...

Bad loans rising in Latvia 
TBT#603 [ Apr 23, 2008 ]
RIGA - The number of bad loans belonging to Latvia...

Mining outfit eyes Estonian substrata 
TBT#603 [ Apr 23, 2008 ]
KOHTLA-JARVE  - Monaro Mining NL, an Australi...

Russia plans nuclear plant for Kaliningrad exclave 
TBT#603 [ Apr 23, 2008 ]
VILNIUS - An announcement by Moscow that it intend...

Estonians don't trust managers 
TBT#602 [ Apr 16, 2008 ]
TALLINN -- A survey conducted by Enterprise Esto...

Taking counsel: Developments in Estonian labor law 
TBT#602 [ Apr 16, 2008 ]
Within the last months Estonia’s press has paid a ...

Company briefs 
TBT#602 [ Apr 16, 2008 ]
Poland’s PKN Orlen is set to revamp management of ...

IMF report: risk of hard-landing  
TBT#602 [ Apr 16, 2008 ]
TALLINN - The risk of a drastic economic downturn ...

Telecom share swap approved 
TBT#602 [ Apr 16, 2008 ]
RIGA - Latvia’s government finally decided the fat...

Latvia to lift 10 percent requirement 
TBT#602 [ Apr 16, 2008 ]
RIGA - Latvia will soon abolish a requirement that...

Creation of Leo LT postponed yet again 
TBT#602 [ Apr 16, 2008 ]
RIGA - A final agreement on creating a new nationa...

Why the Baltic property crash is good news 
TBT#601 [ Apr 09, 2008 ]
TALLINN -- Falling prices in the Baltic real est...

Taking counsel: Personal liability of directors to creditors 
TBT#601 [ Apr 09, 2008 ]
The World Bank report “Principles for Effective In...

Company briefs 
TBT#601 [ Apr 09, 2008 ]
Eesti Polevkivi (Estonian Oil Shale), the mining a...

Gazprom could help Latvia build new plant 
TBT#601 [ Apr 09, 2008 ]
RIGA - A senior Gazprom official has hinted that t...

Tallinn port postpones plans for a new terminal 
TBT#601 [ Apr 09, 2008 ]
TALLINN - The board of Tallinna Sadam (Port of Tal...

Vilnius, Brussels see Ignalina in different perspectives 
TBT#601 [ Apr 09, 2008 ]
VILNIUS - Preliminary statements on talks between ...

Struggling Snaige offers convertible bonds 
TBT#601 [ Apr 09, 2008 ]
VILNIUS - The Baltics’ only refrigerator manufactu...

Estonia turns the corner 
TBT#600 [ Apr 03, 2008 ]
TALLINN -- It's here at last. After several ...

Baltic banking crisis 'unlikely' 
TBT#600 [ Apr 03, 2008 ]
RIGA -- Homeowners and investors will welcome a...

Enterprise Estonia extends British invitation 
TBT#600 [ Apr 03, 2008 ]
TALLINN -- Enterprise Estonia is inviting compan...

Taking counsel: One more ‘final’ deadline for reinstating property rights to land 
TBT#600 [ Apr 03, 2008 ]
The former Soviet republics that regained independ...

Company briefs 
TBT#600 [ Apr 03, 2008 ]
Illegal software is offered by half of Latvia’s co...

Merko to give library tender another shot 
TBT#600 [ Apr 03, 2008 ]
TALLINN - Merko Ehitus, the largest construction f...

Energy row splits Latvia’s government 
TBT#600 [ Apr 03, 2008 ]
RIGA - Disagreements over what kind of power plant...

Ignalina managers ask for clarity on plant’s fate 
TBT#600 [ Apr 03, 2008 ]
VILNIUS - Management of Ignalina Nuclear Power Pla...

Government agrees on share swap with TeliaSonera, Blackstone 
TBT#600 [ Apr 03, 2008 ]
RIGA - Latvia’s government failed twice over the p...

Taking counsel: Tendencies of financial infoclosure 
TBT#599 [ Mar 26, 2008 ]
On March 13 Parliament passed amendments to the Ba...

Lithuania finally acts on new pipeline project 
TBT#599 [ Mar 26, 2008 ]
VILNIUS - The Economy Ministry has finally decided...

Company briefs 
TBT#599 [ Mar 26, 2008 ]
Cramo, an international rental services provider, ...

Latvian metalworker buys Polish company 
TBT#599 [ Mar 26, 2008 ]
RIGA - Severstallat, a metal trade and processing ...

Lithuania gets serious about LNG terminal 
TBT#599 [ Mar 26, 2008 ]
VILNIUS - Lithuania could build a 500 million euro...

Eesti Energia gets lower than hoped for price hike 
TBT#599 [ Mar 26, 2008 ]
TALLINN - The Competition Board and Eesti Energia ...

Former Latvian PM: peat is best energy alternative 
TBT#599 [ Mar 26, 2008 ]
RIGA - A former prime minister and an influential ...

Company briefs 
TBT#598 [ Mar 19, 2008 ]
It is expected that Mazeikiu Nafta, the Baltics’ o...

Taking counsel: Copyright in trademark – an issue that should not be forgotten 
TBT#598 [ Mar 19, 2008 ]
A work of authorship is a broad concept. It refers...

Debt collector inundated with work 
TBT#598 [ Mar 19, 2008 ]
RIGA - Latvia’s debt collection company has seen a...

Latvia tightens competition law 
TBT#598 [ Mar 19, 2008 ]
RIGA - Lawmakers overwhelmingly approved amendment...

Estonians excluded from Latvia’s national library project 
TBT#598 [ Mar 19, 2008 ]
RIGA - A commission for negotiating the constructi...

Minister proposes stake swap for telecom companies 
TBT#598 [ Mar 19, 2008 ]
RIGA - Yet another proposal involving Latvia’s two...

Kirkilas sanguine after EU meeting in Brussels 
TBT#598 [ Mar 19, 2008 ]
VILNIUS - Last week’s European Council meeting in ...

Company briefs 
TBT#597 [ Mar 12, 2008 ]
Eesti Energia (Estonian Energy), the state-owned u...

Taking counsel: The unfair commercial practices law in Latvia 
TBT#597 [ Mar 12, 2008 ]
If you have a company in Latvia you probably know ...

Report: former postal CEO was well paid 
TBT#597 [ Mar 12, 2008 ]
RIGA - The former CEO of Latvijas Pasts received a...

New cement plant for Lithuania postponed  
TBT#597 [ Mar 12, 2008 ]
VILNIUS - Akmenes Cementas (Akmene Cement), Lithua...

Swedbank chief says Hansabanka will survive economic cycle 
TBT#597 [ Mar 12, 2008 ]
RIGA - The president of Swedbank, which controls t...

Port of Tallinn continues to languish 
TBT#597 [ Mar 12, 2008 ]
TALLINN  - Cargo handling at Tallinna Sadam (...

Latvian minister wants to jump-start economy 
TBT#597 [ Mar 12, 2008 ]
RIGA - Latvia’s leadership has expressed alarm tha...

It’s March and the Blackberries are ready 
TBT#596 [ Mar 05, 2008 ]
RIGA – The constant companion of the e...

Company briefs 
TBT#596 [ Mar 05, 2008 ]
The Lithuanian Competition Council ruled that the ...

Ventspils Nafta negotiating oil supplies to Belarus 
TBT#596 [ Mar 05, 2008 ]
RIGA - Ventspils Nafta has announced that it is ho...

Mazeikiu mulls three pipeline routes 
TBT#596 [ Mar 05, 2008 ]
VILNIUS - Owners of Mazeikiu Nafta are considering...

Taking counsel: Estonian Medical Products Act infringes EU rules on advertising 
TBT#596 [ Mar 05, 2008 ]
The European Court of Justice ruled in November 20...

Ekspress Group, Delfi shine in 2007 
TBT#596 [ Mar 05, 2008 ]
TALLINN - The media conglomerate Ekspress Group an...

A nuclear power plant for Estonia? 
TBT#596 [ Mar 05, 2008 ]
TALLINN - Ministers and energy officials have begu...

TeliaSonera offers a compromise split of Lattelecom 
TBT#596 [ Mar 05, 2008 ]
RIGA - The Scandinavian telecommunications company...

Company briefs 
TBT#595 [ Feb 27, 2008 ]
Fortum Klaipeda announced it would build a new the...

Taking counsel: Liability of a company director: who has a right to file an action? 
TBT#595 [ Feb 27, 2008 ]
Considering that Lithuanian court practice with re...

Golden arches to multiply throughout Latvia, Baltics 
TBT#595 [ Feb 27, 2008 ]
RIGA - The Maltese-based firm that recently acquir...

Gerhards stresses need for new power plants 
TBT#595 [ Feb 27, 2008 ]
RIGA - Latvia’s economy minister has reiterated th...

Estonia expresses misgivings over EU energy reform measures 
TBT#595 [ Feb 27, 2008 ]
TALLINN - Estonia’s center-right government has de...

So will it be 2015, 2020, or perhaps even 2025? 
TBT#595 [ Feb 27, 2008 ]
RIGA - When the three Baltic prime ministers an-no...

Company briefs 
TBT#594 [ Feb 20, 2008 ]
Coca-Cola executives said that the company would e...

TAKING COUNSEL: Non-resident taxing in Estonia 
TBT#594 [ Feb 20, 2008 ]
As every year, this time of the year is the high s...

Russian rail chief muses Latvian transit potential 
TBT#594 [ Feb 20, 2008 ]
RIGA - Russia’s top railroad chief has told a conf...

Ansip criticizes deal with China 
TBT#594 [ Feb 20, 2008 ]
TALLINN - Prime Minister Andrus Ansip has criticiz...

E.O.S., Pakterminal to merge 
TBT#594 [ Feb 20, 2008 ]
TALLINN - Estonia’s two major oil transit firms – ...

French, Latvian firms selected for postal bank 
TBT#594 [ Feb 20, 2008 ]
RIGA - Latvia’s Transport Ministry announced that ...

Brussels gives Latvia poor marks 
TBT#594 [ Feb 20, 2008 ]
RIGA - The European Commission, the EU executive a...

WEBSITE EXCLUSIVE: Bertolt Flick Q&A 
TBT#593 [ Feb 13, 2008 ]
It was once an ill-defined semi-subsidiary of SA...

Brussels alarmed at Latvia’s economic imbalances, runaway inflation 
TBT#593 [ Feb 13, 2008 ]
RIGA - As expected, Latvia’s inflation went from b...

PKN Orlen says Liepaja is as attractive as Klaipeda for a new pipeline 
TBT#593 [ Feb 13, 2008 ]
VILNIUS - Poland’s PKN, Eastern Europe’s largest d...

Taking counsel - Introducing SEPA – the single euro payment area 
TBT#592 [ Feb 06, 2008 ]
The single European payments area (SEPA), an initi...

Company briefs 
TBT#592 [ Feb 06, 2008 ]
Lithuania’s three largest retail chains – Maxima L...

Achema eyes Africa, LNG plant 
TBT#592 [ Feb 06, 2008 ]
VILNIUS - The Achema Group has announced interest ...

Vicious circle at Latvia’s post worsens 
TBT#592 [ Feb 06, 2008 ]
RIGA - Latvijas Pasts’ vicious circle of tariff hi...

Kirkilas echoes calls for Ignalina extension 
TBT#592 [ Feb 06, 2008 ]
VILNIUS - Prime Minister Gediminas Kirkilas has sp...

Prosecutors arrest 16 equity stakes belonging to Lembergs and family 
TBT#592 [ Feb 06, 2008 ]
RIGA - Latvian prosecutors have arrested the equit...

Taking counsel - Changes to labor legislation in Estonia 
TBT#591 [ Jan 30, 2008 ]
In Estonia, both the business community and politi...

Company briefs 
TBT#591 [ Jan 30, 2008 ]
Bite Lietuva, a mobile operator, may be rebranded,...

New contracts with Gazprom to propel gas prices  
TBT#591 [ Jan 30, 2008 ]
RIGA - Latvia and Lithuania have signed new gas su...

From wire reports 
TBT#591 [ Jan 30, 2008 ]
RIGA - Eesti Energia, the national utility, said i...

Adamkus: EU might be willing to negotiate on postponing Ignalina reactor closure 
TBT#591 [ Jan 30, 2008 ]
VILNIUS - President Valdas Adamkus has stated that...

TeliaSonera ups the ante in Lattelecom sell-off 
TBT#591 [ Jan 30, 2008 ]
RIGA - The situation surrounding the largest priva...

flyLAL to go toe-to-toe with airBaltic 
TBT#590 [ Jan 23, 2008 ]
RIGA -- Lithuanian airline flyLAL-Lithuanian Airl...

Taking counsel - Effect of master plan solutions on land plot development 
TBT#590 [ Jan 23, 2008 ]
Territorial planning issues have a significant imp...

Company briefs 
TBT#590 [ Jan 23, 2008 ]
Grindex, Latvia’s largest drugmaker, said it plann...

Mazeikiu loses market share in 2007 
TBT#590 [ Jan 23, 2008 ]
VILNIUS - Mazeikiu Nafta reportedly lost almost 10...

Godmanis cancels historic Lattelecom employee buyout, hints of public auction 
TBT#590 [ Jan 23, 2008 ]
RIGA - In a striking reversal of decisions, Prime ...

Kirkilas urges expediency on nuclear amendments 
TBT#590 [ Jan 23, 2008 ]
VILNIUS - Lithuanian Prime Minister Gediminas Kirk...

Buyout of Admiralu Klubs casino chain collapses 
TBT#590 [ Jan 23, 2008 ]
TALLINN - A preliminary agreement on the buyout of...

Taking counsel - Implementing the principle of opportunity in criminal cases 
TBT#589 [ Jan 16, 2008 ]
The principle of opportunity – also known as the p...

Company briefs 
TBT#589 [ Jan 16, 2008 ]
Owners of Estonian Cell, an aspen pulp plant in Ku...

Latvia’s food prices poised to continue skyward trajectory 
TBT#589 [ Jan 16, 2008 ]
RIGA - Food prices in Latvia, which grew nearly 20...

Lithuania to train nuclear power experts 
TBT#589 [ Jan 16, 2008 ]
VILNIUS - Lithuania intends to begin training youn...

Maxima boosts 2007 sales, could become Baltics’ largest company 
TBT#589 [ Jan 16, 2008 ]
VILNIUS - The Maxima Group, the largest retailer i...

LVM chief: Latvia overrun with forests 
TBT#589 [ Jan 16, 2008 ]
RIGA - The head of the state’s forest enterprise h...

China to build container terminal in Muuga 
TBT#589 [ Jan 16, 2008 ]
TALLINN - China’s Ningbo Port has agreed to help b...

Taking counsel - Overreaction and under-regulation in public procurement policy 
TBT#588 [ Jan 09, 2008 ]
After recent amendments to Lithuania’s judiciary l...

Lithuania chooses nuclear waste site 
TBT#588 [ Jan 09, 2008 ]
VILNIUS - Authorities have chosen a site for a bui...

Company briefs 
TBT#588 [ Jan 09, 2008 ]
Latvia’s Competition Council hit the Euroaptieka p...

Ventbunkers sues Ventspils Nafta for $90 mln 
TBT#588 [ Jan 09, 2008 ]
RIGA - A claim has been filed at the Riga Regional...

Riga-Valga train connection to be renewed in near future 
TBT#588 [ Jan 09, 2008 ]
TALLINN - Latvia’s domestic passenger train operat...

Estonia to present position on Nord Stream soon 
TBT#588 [ Jan 09, 2008 ]
TALLINN - Estonia has until Jan. 18 to give its po...

Google may build massive data center in Lithuania 
TBT#588 [ Jan 09, 2008 ]
VILNIUS - Google Inc. is reportedly close to final...

Introducing Leo LT – the ‘three-headed lion’ 
TBT#588 [ Jan 09, 2008 ]
VILNIUS - Lithuania’s government was poised to app...

Latvia to prioritize higher energy output 
TBT#588 [ Jan 09, 2008 ]
RIGA - Latvia’s new government has vowed to make h...

Taking counsel - Transactional booby-trap: claim rights against tenants on property transfers 
TBT#587 [ Dec 19, 2007 ]
Whatever the state of the market, many different f...

Company briefs 
TBT#587 [ Dec 19, 2007 ]
Aker Arctic Technology, a Finnish firm that won pu...

Staff and wire reports 
TBT#587 [ Dec 19, 2007 ]
VILNIUS - Lithuania’s largest producer of alcoholi...

State, private energy firm keeping mum after finishing merger talks  
TBT#587 [ Dec 19, 2007 ]
VILNIUS - A ministry and a private energy firm ann...

Two large oil handlers in merger talks 
TBT#587 [ Dec 19, 2007 ]
TALLINN - The owners of Estonia’s two largest oil ...

Property prices in Riga falling, but not dramatically 
TBT#587 [ Dec 19, 2007 ]
RIGA - Though it has failed to reverse the rise in...

Kreenholm to lay off another 900 workers 
TBT#587 [ Dec 19, 2007 ]
TALLINN - Nearly a thousand textile workers in Nar...

Gas prices set to soar 
TBT#587 [ Dec 19, 2007 ]
RIGA - Latvijas Gaze has accepted a new gas supply...

Estonia approves questionable tax amendment 
TBT#587 [ Dec 19, 2007 ]
TALLINN - A government-approved amendment to the i...

Company briefs 
TBT#586 [ Dec 12, 2007 ]
M.A.S.I Company, a Finnish clothing designer, agre...

Estonian court appeals to Brussels for legal clarification on sugar fines 
TBT#586 [ Dec 12, 2007 ]
TALLINN - The government’s aim to win monetary cla...

Deal on national power utility remains elusive  
TBT#586 [ Dec 12, 2007 ]
VILNIUS - The government and a privately owned ene...

Melngailis holds onto CEO spot, Lattelecom privatization uncertain 
TBT#586 [ Dec 12, 2007 ]
RIGA - Lattelecom CEO Nils Melngailis, one of the ...

Vilnius to get its world trade center by 2010 
TBT#585 [ Dec 05, 2007 ]
VILNIUS - A group of Danish and local investors an...

Kiev’s drive to rid city of casinos to hurt Olympic 
TBT#585 [ Dec 05, 2007 ]
TALLINN - The Olympic Entertainment Group stands t...

Company briefs 
TBT#585 [ Dec 05, 2007 ]
Uvic, an Estonian producer of frozen meat dumpling...

Vitol Group still determined to transform Ventspils terminal into trading hub 
TBT#585 [ Dec 05, 2007 ]
RIGA - The Vitol Group, owner and operator of the ...

Kirkilas appeals to patriotism of private energy firm 
TBT#585 [ Dec 05, 2007 ]
VILNIUS - Prime Minister Gediminas Kirkilas has ap...

Polish firm to acquire tourism leader Novaturas 
TBT#585 [ Dec 05, 2007 ]
VILNIUS - A foreign investment firm has agreed to ...

Kreenholm’s woes continue in court  
TBT#585 [ Dec 05, 2007 ]
TALLINN - A county court has arrested two bank acc...

Lattelecom ‘deal of century’ on verge of annulment 
TBT#585 [ Dec 05, 2007 ]
RIGA - A complex 600 million euro transaction invo...

European retailers buy majority stake in Iki 
TBT#585 [ Dec 05, 2007 ]
VILNIUS - An alliance of West European retailing c...

Taking counsel - Bankruptcy: It’s getting personal 
TBT#584 [ Nov 28, 2007 ]
Last week President Valdis Zatlers ratified a new ...

Company briefs 
TBT#584 [ Nov 28, 2007 ]
Glaskek, a pan-Baltic window manufacturer, has sai...

Maag Group to buy Rakvere dairy from British investor 
TBT#584 [ Nov 28, 2007 ]
TALLINN - The Maag Group, an Estonian-owned firm, ...

Gas prices likely to soar in 2008 
TBT#584 [ Nov 28, 2007 ]
RIGA - Conflicting reports about the future of gas...

Sweden’s inspectors bar Tallink liner from sailing due to numerous defects 
TBT#584 [ Nov 28, 2007 ]
TALLINN - A Tallink-owned passenger and car ferry ...

Talks on nuclear plant break down 
TBT#584 [ Nov 28, 2007 ]
VILNIUS - Lithuania’s ambition to build an atomic ...

TAKING COUNSEL: Si vis pacem, para bellum! 
TBT#583 [ Nov 21, 2007 ]
Firearm-related themes have always been in the spo...

Company briefs 
TBT#583 [ Nov 21, 2007 ]
Shareholders of Palink, operator of the Iki grocer...

Russian minister: pipeline to stay dry forever 
TBT#583 [ Nov 21, 2007 ]
VILNIUS - Russia’s energy minister has said that t...

Eesti Energia purchases wind energy project 
TBT#583 [ Nov 21, 2007 ]
TALLINN - Eesti Energia has announced that it acqu...

State, NDX Energija start talks 
TBT#583 [ Nov 21, 2007 ]
VILNIUS - The government and a privately owned ene...

Kirkilas : France keen on Lithuania’s nuclear project 
TBT#583 [ Nov 21, 2007 ]
VILNIUS - Prime Minister Gediminas Kirkilas said a...

Tourist numbers down in Estonia, but sales grow 
TBT#583 [ Nov 21, 2007 ]
TALLINN - Tourist numbers are down 4 percent over ...

Huge new retail space for Riga 
TBT#582 [ Nov 14, 2007 ]
RIGA -- Land and property prices throughout the ...

TAKING COUNSEL: Who exactly is an issuer of securities? 
TBT#582 [ Nov 14, 2007 ]
Lithuania’s new Law on Securities was adopted in F...

Company briefs 
TBT#582 [ Nov 14, 2007 ]
Ignalina Nuclear Power Plant resumed power generat...

Stoneridge to set up production in Estonia 
TBT#582 [ Nov 14, 2007 ]
TALLINN - Stoneridge, the producer of automotive e...

Reval to open new hotel in downtown Riga 
TBT#582 [ Nov 14, 2007 ]
RIGA - A new Reval hotel – the Reval Hotel Elizabe...

Brussels questions power grid sell-off 
TBT#582 [ Nov 14, 2007 ]
VILNIUS - Lithuania has been asked by the European...

Rokiskio Suris acquires stake in Latvian dairy 
TBT#582 [ Nov 14, 2007 ]
VILNIUS - Lithuania began to solidify its inroads ...

Reports: Latvia most vulnerable to international liquidity crisis 
TBT#582 [ Nov 14, 2007 ]
Fresh reports from two leading western financial i...

Inflation in Latvia storms ahead to 13.2 percent 
TBT#582 [ Nov 14, 2007 ]
RIGA - Consumer prices continued their inexorable ...

Ratings agencies look at Latvia 
TBT#581 [ Nov 07, 2007 ]
RIGA -- Rating agency Moody's has released a...

TAKING COUNSEL: Data Protection 
TBT#581 [ Nov 07, 2007 ]
One of the main aims of data protection is to prot...

Company briefs 
TBT#581 [ Nov 07, 2007 ]
Estonian commuter train operator Elektriraudtee is...

Nuclear plant team being picked 
TBT#581 [ Nov 07, 2007 ]
VILNIUS - The question over who gets to build Lith...

Lattelecom buyout put on hold 
TBT#581 [ Nov 07, 2007 ]
RIGA - Citing disarray within the government and t...

Sweden and Lithuania to hook up 
TBT#581 [ Nov 07, 2007 ]
VILNIUS - Lithuania’s electric utility Lietuvos En...

Latvia to be hit with multiple price hikes 
TBT#581 [ Nov 07, 2007 ]
RIGA - Start tightening your belt, as another roun...

Sampo to rebrand as Danske Bank 
TBT#580 [ Oct 31, 2007 ]
COPENHAGEN -- Sampo Bank, a familiar name in Bal...

TAKING COUNSEL: Advertising tricks of the Estonian real estate market 
TBT#580 [ Oct 31, 2007 ]
Today one of the most spoken-about themes in the E...

Company briefs 
TBT#580 [ Oct 31, 2007 ]
In a case of the tail wagging the dog, Hansabank G...

Bad debts not a threat to lending  
TBT#580 [ Oct 31, 2007 ]
TALLINN - The level of bad debts at Hansapank this...

Ministers ebb on cod quotas 
TBT#580 [ Oct 31, 2007 ]
RIGA - Bowing to pressure from the fishing industr...

Estonian Energy to study Jordan’s oil shale opportunities 
TBT#580 [ Oct 31, 2007 ]
TALLINN - Estonian energy group Eesti Energia will...

Lattelecom buyout awaits final approval 
TBT#580 [ Oct 31, 2007 ]
RIGA - Private equity investor The Blackstone Grou...

RIMI sales still climbing 
TBT#579 [ Oct 24, 2007 ]
  ...

Lehman Bros in for the long haul 
TBT#579 [ Oct 24, 2007 ]
RIGA -- Lehman Brothers’ Latvian real estate arm t...

TAKING COUNSEL: EU Commission: Improved EU Telecom rules promote effective competition and investment 
TBT#579 [ Oct 24, 2007 ]
Last week the EU Comm-ission published a report on...

Company briefs 
TBT#579 [ Oct 24, 2007 ]
Risk capital company Ambient Sound Investments (AS...

Competition council OKs booze company buyout 
TBT#579 [ Oct 24, 2007 ]
RIGA - S.P.I. Worldwide Trade Limited, a subsidiar...

Riga airport flying into regulatory turbulence 
TBT#579 [ Oct 24, 2007 ]
RIGA - The European Commission may file suit again...

Estonian Railway sees profits on track 
TBT#579 [ Oct 24, 2007 ]
TALLINN - State-owned railway Eesti Raudtee (Eston...

Credit unions get in on the card game 
TBT#579 [ Oct 24, 2007 ]
VILNIUS - Credit unions who are members of Lithuan...

Your last fish and chips? 
TBT#579 [ Oct 24, 2007 ]
RIGA - The Latvian Agriculture Ministry has reject...

TAKING COUNSEL: How European is a European company? 
TBT#578 [ Oct 17, 2007 ]
After almost 40 years of negotiations within the i...

Company briefs 
TBT#578 [ Oct 17, 2007 ]
Loftleidir Icelandic, a subsidiary of Icelandair G...

Market-maker first for Lithuania 
TBT#578 [ Oct 17, 2007 ]
VILNIUS - Dairy products producer Vilkyskiu Pienin...

Latvia’s inflation set to linger 
TBT#578 [ Oct 17, 2007 ]
RIGA - Latvia’s annual inflation, now running at 1...

Inflation worries clash with EU demands for higher spending 
TBT#578 [ Oct 17, 2007 ]
RIGA - Inflation threatens to run out of control i...

Nuclear project squeezed by Poland’s energy demands 
TBT#578 [ Oct 17, 2007 ]
RIGA - Seeking to satisfy Poland’s aggressive dema...

Government to split Estonian Railway 
TBT#578 [ Oct 17, 2007 ]
TALLINN - Voting on a proposal by Estonian Ministe...

TAKING COUNSEL: First North – an alternative marketplace for small and medium enterprises – soon to open in Tallinn 
TBT#577 [ Oct 10, 2007 ]
Estonia’s parliament is processing a draft law ame...

Company brief 
TBT#577 [ Oct 10, 2007 ]
Scandinavian Airlines offered 2,000 euros and two ...

Ansip wary of Russian gas 
TBT#577 [ Oct 10, 2007 ]
TALLINN - Having weighed Estonia’s energy alternat...

FlyLAL says prepared to take majority stake in airBaltic 
TBT#577 [ Oct 10, 2007 ]
RIGA - Lithuania’s largest airline recently shocke...

Inflation soars in all three Baltic states, triggering renewed fears of contagion 
TBT#577 [ Oct 10, 2007 ]
RIGA - Consumer prices soared in September through...

Polish minister irks Lithuanian leadership, casts shadow over Vilnius summit 
TBT#577 [ Oct 10, 2007 ]
VILNIUS - A statement by a Polish Cabinet official...

Swedish-Lithuanian investment highlighted 
TBT#576 [ Oct 03, 2007 ]
VILNIUS --  The Swedish Trade Council and the...

TAKING COUNSEL: Cross-border mergers to be easier with adoption of new law 
TBT#576 [ Oct 03, 2007 ]
On Dec. 15, 2005 a European Union directive on cro...

Company briefs 
TBT#576 [ Oct 03, 2007 ]
Kitron, a Norway-based electronics maker 40 percen...

Mazeikiai refinery woes deepen on all fronts 
TBT#576 [ Oct 03, 2007 ]
VILNIUS - A government official has admitted what ...

Estonia remains most business-friendly in region 
TBT#576 [ Oct 03, 2007 ]
TALLINN - Estonia remains the most business friend...

Presidents to agree on pipeline at Vilnius conference 
TBT#576 [ Oct 03, 2007 ]
VILNIUS - Leaders of five East European countries ...

Soaring demand for grain to trigger bread price increases 
TBT#576 [ Oct 03, 2007 ]
RIGA - A poor harvest and rising demand for bio-fu...

Zatlers appeals to Latvians to save more, minister warns of 15 percent inflation 
TBT#576 [ Oct 03, 2007 ]
RIGA - President Valdis Zatlers has appealed direc...

TAKING COUNSEL: On the nuances of dispute resolution in commercial contracts 
TBT#575 [ Sep 26, 2007 ]
When it comes to dispute resolution, there are var...

Company briefs 
TBT#575 [ Sep 26, 2007 ]
Icelandic-owned Coffee Holding applied for regulat...

Refinery shuts down for major repairs 
TBT#575 [ Sep 26, 2007 ]
VILNIUS - The Baltics’ only crude oil refinery, Ma...

Balts greet EU energy policy with skepticism 
TBT#575 [ Sep 26, 2007 ]
RIGA - The European Commission’s strategic plan to...

Top Lithuanian officials view EU funds situation differently 
TBT#575 [ Sep 26, 2007 ]
VILNIUS - Lithuania’s European commissioner and pr...

Kirkilas: euro could be reality in 2010 
TBT#575 [ Sep 26, 2007 ]
VILNIUS - Prime Minister Gediminas Kirkilas has di...

Alta Capital poised to take over Kalev chocolate 
TBT#575 [ Sep 26, 2007 ]
TALLINN - Alta Capital Partners, a venture capital...

Baltic's big hitters revealed 
TBT#574 [ Sep 19, 2007 ]
RIGA - Thirteen companies from the Baltic States m...

Jones Lang LaSalle forms Baltic alliance 
TBT#574 [ Sep 19, 2007 ]
RIGA - Jones Lang LaSalle has announced a new alli...

Warsaw gamble looks a safe bet for Olympic 
TBT#574 [ Sep 19, 2007 ]
TALLINN - Estonian casino operator Olympic Enter...

New York finance group to lead Latvia’s 427 million euro telecom deal 
TBT#574 [ Sep 19, 2007 ]
RIGA - The Blackstone Group, a financial services ...

Estonia wavers on permission for Nord Stream’s geo-survey 
TBT#574 [ Sep 19, 2007 ]
TALLINN - Plans to survey the Estonian seabed for ...

FlyLAL chafes at airBaltic’s market dominance 
TBT#574 [ Sep 19, 2007 ]
VILNIUS - Lithuania’s FlyLAL has accused its Latvi...

PKN Orlen could merge with Lotos 
TBT#574 [ Sep 19, 2007 ]
VILNIUS - Poland’s two largest fuel retailers coul...

BITE bullish about future prospects 
TBT#574 [ Sep 19, 2007 ]
RIGA – At a press conference Sep. 19, new Bite Lat...

TAKING COUNSEL - If your business partner is lured away 
TBT#573 [ Sep 12, 2007 ]
Contracts are of great importance in regulating re...

Company briefs 
TBT#573 [ Sep 12, 2007 ]
Danish-owned BNE began to dismantle several wind t...

Copterline plans to resume flights in 2008 
TBT#573 [ Sep 12, 2007 ]
TALLINN - The chairman of Copterline, which last y...

Mazeikiu, Klaipeda to be linked 
TBT#573 [ Sep 12, 2007 ]
VILNIUS - A pipeline linking the Mazeikiu Nafta oi...

Tallink plans to introduce own taxi fleet 
TBT#573 [ Sep 12, 2007 ]
TALLINN - Tallink has announced that it will intro...

Polish official: Lithuania needs to communicate more clearly on nuclear power plant project 
TBT#573 [ Sep 12, 2007 ]
VILNIUS - A Polish minister has said that Lithuani...

Homegrown analysts speak out about Latvia’s dangerous economy 
TBT#573 [ Sep 12, 2007 ]
RIGA - If up to now they have been restrained by e...

Moody's downgrades Latvian, Estonian debt 
TBT#572 [ Sep 05, 2007 ]
LONDON - Moody's Investors Service downgraded ...

Swedish insurer in Baltic move 
TBT#572 [ Sep 05, 2007 ]
STOCKHOLM - Swedish insurer Lansforsakringar is to...

Poles eye Baltic gas stations 
TBT#572 [ Sep 05, 2007 ]
KRYNICA – Poland’s two largest fuel retailers are ...

TAKING COUNSEL: Tricky tenant evictions 
TBT#572 [ Sep 05, 2007 ]
A landlord may terminate a residential lease and e...

Company briefs 
TBT#572 [ Sep 05, 2007 ]
An Estonian-owned firm, Eastern Europe Real Estate...

Skele: Dairy market needs consolidation 
TBT#572 [ Sep 05, 2007 ]
RIGA - Latvia’s dairy market urgently needs to und...

Adamkus: Poland still keen on nuclear plant 
TBT#572 [ Sep 05, 2007 ]
VILNIUS - President Valdas Adamkus has confirmed t...

Estonia set to gain massive fish farm 
TBT#572 [ Sep 05, 2007 ]
TALLINN - A group of foreign investors is planning...

Seli: merge Estonia’s port and railway 
TBT#572 [ Sep 05, 2007 ]
TALLINN - Neinar Seli, chairman of the supervisory...

Delfi to launch new version of portal 
TBT#572 [ Sep 05, 2007 ]
TALLINN - The new owner of the popular Delfi porta...

Latvia tops list of most vulnerable countries 
TBT#572 [ Sep 05, 2007 ]
RIGA - The leading ratings agency Standard & P...

Sheraton owner to manage planned high-rise hotel in Riga 
TBT#572 [ Sep 05, 2007 ]
RIGA - Starwood Hotels and Resorts Worldwide, one ...

Statoil takes Baltic biodiesel stake 
TBT#571 [ Aug 29, 2007 ]
STAVANGER – Norwegian oil giant Statoil is to take...

Overheating threat remains real 
TBT#571 [ Aug 29, 2007 ]
RIGA - The threat of the Baltic economies overheat