An Asia-Europe Foundation (ASEF) meeting was held in Lithuania’s capital, Vilnius on the 13th May 2011, the first ever ASEF meeting held in the Baltic states. ASEF was created in 1996 between leaders in European and Asia countries to promote communication between people and establishments globally through intellectual and cultural exchange. At this inaugural ASEF...
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Earlier this week Microsoft confirmed their acquisition of Skype for 8.5 billion dollars. Skype has had phenomenally fast rags to riches success, its story originating in Estonia. The idea was first conceived by three Estonian programmers, Ahti Heinla, Priit Kasesalu and Jaan Tallinn. The three had previously launched Kazaa software in 2001 which rapidly...
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During a press statement last week the global ratings company Fitch Ratings increased Lithuania’s outlook from stable to positive. Michele Napolitano, associate director in Fitches Sovereign group is quoted as saying that the positive outlook reflected Lithuania’s strengthening public finances, strong economic recovery and increasing stabilization in the financial sector. That although Lithuania’s external...
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Leading banking group, Swedbank are currently holding discussions with Nasdaq QMX Group who operate the Nordic/Baltic stock exchange, to consider listing Swedbank on the Tallinn Stock Exchange. Swedbank is a leading bank in Sweden, Estonia, Latvia and Lithuania, who are able to provide financial services to corporate organisations well as private individuals. Swedbank’s current...
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On 1st July 2010 the Immigration Law in Latvia was amended. These amendments allow foreigners outside the European Union to get a temporary residence permit in Latvia, which would by default, guarantee free movement within the Schengen area. There are three ways for obtaining a temporal residence permit for the period of up to...
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