Tag Archives: baltic
Lithuania left eyes vote win after years of austerity
VILNIUS (Reuters) – Centre-left parties look set to be propelled to power in Lithuania’s election on Sunday by voters angry at years of austerity, but an incoming government may have little choice but to stick to tough budget policies. Economists said the Baltic nation’s high borrowing needs mean a coalition likely to be formed by the Labour Party and the Social Democratic Party will have little room for maneuver as it strives for euro membership in the next few years. The parties have said they can ease hardship while being fiscally responsible. Continue reading
Clinton presses Latvia to give back Jewish property
RIGA (Reuters) – Secretary of State Hillary Clinton pressed Latvia on Thursday to return property to Jewish groups which was seized by the Soviet Union and whose owners were killed by the Nazis, a rare point of tension between Washington and its Baltic ally. The issue of returning property such as schools, some synagogues and other communal buildings is controversial in Latvia, one of the EU's poorest states and which is just recovering from a deep crisis Continue reading
Nord Stream: Completed Line 2 Construction, Operational End 2012
International pipeline consortium Nord Stream has completed the second of its twin gas pipelines through the Baltic Sea ahead of schedule, the company said Wednesday, with the operational transit of gas set to begin this year. Continue reading
NIB NORDIC INVESTMENT BANK: NIB NORDIC INVESTMENT BANK : Board of Governors: NIB well equipped to support Nordic-Baltic region
At its annual meeting today in Reykjavik, Iceland, the Board of Governors stressed that the Nordic Investment Bank is well equipped to support borrowers in the Nordic-Baltic region. The supply of … Continue reading
Baltic Dry Index Swamped by Excess Capacity
NEW YORK (TheStreet) — Commodity shipping has been unable to hold on to late 2011 gains so far this year as the industry’s continuing struggle with a glut of container ships sent the Baltic Dry Index to its second-worst month on record in January. The Baltic Dry Index (BDI), a measure of shipping costs for commodities, sank 61% in January, marking the second-biggest monthly decline since the Baltic Exchange started keeping records in 1985. Continue reading
