World-famous Country Branding Guru to Develop Lithuania’s Economic Image
The Lithuanian Development Agency (LDA) has hired Wally Olins, one of the world’s leading branding gurus, and his team Saffron Brand Consultants to help develop Lithuania’s attractive economic image in foreign markets.
The consultants will start working next week aiming to develop the country economic image strategy for [...]

14th Baltic Financial Forum
Opening address by Prime Minister of the Republic of Latvia, Ivars Godmanis: “This meeting will be the annual session of the Baltic Finance Forum, however this year we are meeting in the circumstances, when the finance world experiences the unprecedented transformation and there are new challenges. For a number of years the [...]

Credit growth is driven by the industrial sector and households
In August, the corporate and household loan and leasing stock increased by 2.1 billion kroons, i.e., 0.8%. The month-on-month portfolio increase has remained relatively steady during the past three months. The annual growth of the loan and leasing portfolio has declined across all sectors with credit [...]

 On producer price changes in industry in August 2008
Compared to July 2008, producer prices in Latvian industry in August 2008 increased by 0.9%, according to the data of Central Statistical Bureau of Latvia. Over the year (compared to August 2007) producer prices have increased by 13.1%.

Riga International Airport completes introduction of the bar coded boarding passes!
Following the resolution of the International Air Transport Association and its strategy of simplifying the business, RIGA International Airport has introduced the system of bar-coded boarding passes (BCBP).

Poland managed to maintain its position as far as the country’s investment climate assessment is considered. Admittedly, Poland fell by two positions in the World Bank’s ranking assessing the conditions for pursuing business activity, yet this year’s report ranked more economies than in the previous years.

Significant Increase in Lithuania’s Foreign Trade Volumes
Statistics Lithuania reports that in January–July 2008 against January–July 2007, Lithuania’s exports and imports increased, respectively, by 33.8% and 24.6%.
Exports in January–July 2008 totaled EUR 9.5 billion, while imports to Lithuania equaled EUR 12.6 billion.
The major impact on the growth of exports was made by the increase [...]

According to ANDRES LIPSTOK, Governor of Eesti Pank, the government should continue pursuing balanced budget policy.
“Taking into account the current situation in the global financial markets, the uncertain outlook of the global economy and the forecast of our Ministry of Finance, it is very important the government should continue with balanced budget policy,” said [...]

airBaltic in August carried 37% more passengers than last year
The Latvian airline airBaltic carried 294,354 passengers in August 2008, or 37% more than in the same month in 2007, when airBaltic transported 215,565 passengers.
During the eigtht months of 2008, airBaltic transported a total of 1,696,826 passengers, or 32% more than during the same period in [...]

First Orka aircraft in November
Autumn this year is to witness the beginning of EM-11C Orka aircraft production, planes which from the very beginning of the designing stage till the final production phase are created in Poland. Zakładay Lotnicze Margański & Mysłowski will be transferred to the Kaniów-based Technological Park of Aircraft Industry and plan to [...]