As announced by PM Valdis Dombrovskis, Latvia will be able to use EUR 300mn from EUR 650mn that were reserved from the international support loan for ensuring financial markets stability. The final agreement on this was reached, among others, with current IMF/EC mission to Latvia. Prerequisite for receiving the funds is submission of the privatisation strategy of the Citadele Banka (restructured part of the state-bailed out Parex Banka, countrys second largest bank before the crisis) to EC. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more