According to the head of the Bank of Latvia Ilmars Rimsevics, in the coming years Latvia might borrow at the rate of 2%-2.5%. He reminded that in 2014 and 2015 large sums of the debt will have to be refinanced (LVL 1.2bn and LVL 1.1bn, respectively). The head of the central bank believes that as euro adoption will advance and improve investor confidence, the rates will fall even below the record-low 2.89% of Decembers sovereign Eurobond issue. |
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