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Saturday 24.08.2019 | Name days: Boļeslavs, Bērtulis

Tallinn Mayor revokes school and day-care centre budget cuts amendments

The Mayor of Tallinn Edgar Savisaar dubbed the Financial Director’s letter, concerning the budget cut implementation to day-care centres and schools, as a technical document, whose main aim is to ensure the discipline.

Experts: re-recession in USA will critically affect Russia

The recession in the USA will affect everyone, and, especially, it will have a critical impact on Russia, consider the experts.

IMF introduces obligatory financial stability tests

The International Monetary Fund (IMF) intends to introduce obligatory financial stability tests in 25 countries that have the largest financial systems.

WSJ: EU set secret committee to prevent default

European leaders have set up a secret committee, whose task is not to allow the European Union (EU) states' default, especially, in Portugal, Ireland, Greece and Spain.

Medvedev suspends Luzhkov

Saab to collaborate with BMW

Gold and silver versus inflation

At a time when the inflation is flat throughout the world, the gold and silver prices have increased significantly. This could mean that people do not have any confidence in the currency.

Prices in Lithuania raised by traders not producers

The traders rather than producers raise prices in Lithuania, said the Lithuanian Minister of Economics Dainius Kreivys. His opinion was also supported by the Prime Minister of Lithuania Andrius Kubilius.

Lithuania Prime Minister: 2011 budget deficit will stick within 5.8%

The Prime Minister of Lithuania Andrius Kubilius says Lithuania will stick to its aim to reduce the next year's budget deficit, as it is preparing to introduce the euro.

Barroso: financial crisis will not repeat

The European Commission President José Manuel Barroso stated that the economy of Europe will grow, rejecting assumptions of repeating financial crisis.

Germany public debt hits record high

In the first half of the present year the public debt of Germany has reached a record high level hitting 1.721 trillion euro.

Eurozone collapse rumours declared invalid

The rumours of the single European currency disappearance had proven to be highly exaggerated and the increase in the euro rate indicates that the investors are now far more concerned about the inflation and the economic decline in the US.

Lithuania likely to miss 2014 «euro train»

Lithuania might not succeed with the introduction of the euro in 2014, because the country is likely to exceed the Maastricht inflation criterion, while Estonia could manage to entry into the euro zone, considers the SEB Banka advisor Gitanas Nauseda.

Gates still the wealthiest man in America

The crisis has not stopped the American billionaire Bill Gates from accumualting wealth. As about half of US richest men profit grows annually, Bill Gates is still at the top.

Kubilius: Gazprom threatens Lithuania

The Prime Minister of Lithuania Andrius Kubilius has expressed his concern about the major shareholders of Lietuvos Dujos threatening Lithuania with gas supply disruption.

Experts convinced of crisis end and economic stabilisation

The majority of investors and analysts are sure that the financial crisis is over and the global economy has stabilized.

Germany increases advertising spendings for informing society

The German Chancellor Angela Merkel’s implemented national budget reduction program foresees additional money for advertising spending.

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