It was reported on Reuters that the Lithuanian government encouraged utility company Leituvos Dujos shareholders to seek arbitration against natural gas supplier Gazprom. Voting was held on Thursday to force Gazprom to reduce its prices. Lithuania currently pays some of the highest utility prices in Europe, much higher than paid by her nearest neighbours...
Among the twelve new EU member states, Latvia has ranked in the third place in terms of concluded agreements on the EU fund project implementation, as well as in terms of project implementers who have received the funding as of late September, according to the data presented at the recent EU states conference in...
European Governments in the East need to improve bank management reducing spending to stop another boom in credit indicated by the International Monetary Fund (IMF). Businesses need to survive the crisis. The IMF’s head of Emerging Europe division Bas Bakker said, “It’s important to prevent the re-emergence of credit booms.” So where do we...
