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Latvia Decides To Apply For Euro Zone Entry

Small Baltic state Latvia decided on Monday to apply to join the euro zone next year, a sign of the faith in the currency which still exists in eastern Europe after three years which have threatened the project, Reuters reported. Latvia pegged its curren ...

Daily Headline - global.abi.org - 03/04/2013 - 22:26 - 0 comments

Insolvency Cases in Latvia Increased 30 Percent in 2012

More than 2,200 insolvency cases were opened in Latvia in 2012, representing a 30 percent increase over the 1,724 insolvency cases that were launched in 2011, according to Baltic-Course.com yesterday. Of the 2012 total, 61 percent, or 1,365 insolvency ca ...

Daily Headline - abi_admin - 01/03/2013 - 10:08 - 0 comments

Latvia Remains Keen on Euro

the 17-nation euro zone economy is expected to contract 0.3% this year according to the European ...

Daily Headline - global.abi.org - 09/11/2012 - 22:22 - 0 comments

Winter Country Reports

(Czech Republic, Estonia, Europe, Germany, Latvia, Romania, Slovakia) bankruptcy,insolvency,headlines,articles,legislatives,debt,resources,insol,Czech Republic,Estonia,Europe,Germany,Latvia,Romania,Slovakia ...

Resource Article - abi_editor - 08/07/2012 - 11:49 - 0 comments - 1 attachment

Latvia Files Bankruptcy Papers On Lender Latvijas Krajbanka

Latvia's banking regulator said on Thursday it had filed bankruptcy papers on midsize lender Latvijas Krajbanka, the Baltic nation's oldest bank, adding that it is keeping a close eye on several other banks, Reuters reported. "The Financia ...

Daily Headline - global.abi.org - 12/01/2011 - 17:06 - 0 comments

Bankruptcy Law Reform May Boost Economy

Government officials are working on a proposed bankruptcy law designed to lower costs for businesses seeking to raise capital for start-ups or for expanding in the UAE, legal experts say, The National reported. Observers following developments genera ...

Daily Headline - global.abi.org - 12/01/2011 - 17:10 - 0 comments

Latvian Government Wins Election, Painful Reforms Ahead

Latvia's center-right government was poised to stay in power Sunday after voters backed its plans to continue painful reforms required by an international bailout program to fix the Baltic country's crippled economy, the Associated Press report ...

Daily Headline - global.abi.org - 10/04/2010 - 07:45 - 0 comments

EU Clears Restructuring Of Latvia's Parex Bank

Failed Latvian lender Parex won European Union regulatory approval on Wednesday for its plan to split up its sound assets into a new bank as part of a restructuring to ensure its viability, Reuters reported. Parex's state bailout in November 2008 wa ...

Daily Headline - global.abi.org - 09/16/2010 - 08:52 - 0 comments

Latvia's Personal Bankruptcy Law Won't Impact Nordic Lenders, Nordea Says

A Latvian personal bankruptcy law passed by parliament yesterday won’t hurt Nordic lenders because provisions set aside for bad loans will cover the impact of the bill, according to Nordea Bank AB, Bloomberg reported. Latvia’s 100-seat legislature voted ...

Daily Headline - global.abi.org - 07/27/2010 - 08:51 - 0 comments

Greek Plan Extends IMF's Sway

The euro zone's decision to include the International Monetary Fund in any Greek rescue plan extends the Fund's influence to a large swath of the world economy—and gives a political boost to its managing director, The Wall Street Journal re ...

Daily Headline - global.abi.org - 03/29/2010 - 07:25 - 0 comments

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