Lithuania News
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Lithuania doesn’t meet standards for running state-owned companies set by the Organization for Economic Cooperation and Development, which the nation seeks to join, the Baltic Institute of Corporate Governance said.
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Investors seeking higher yields are buying structured notes tied for the first time to the debt of emerging-market nations from the Bahamas to Lithuania and Honduras.
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LHV Pank AS, an Estonian banking group, and RAZFin of Lithuania agreed to buy leasing company Snoro Lizingas UAB from bankrupt Lithuanian lender Bankas Snoras AB for 74 million litai ($28 million).
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Ukio Banko Investicine Grupe, or UBIG, the Lithuanian investment company that controls Scottish soccer club Heart of Midlothian, is insolvent, said the Baltic nation’s Department of Enterprise Bankruptcy Management today on its website.
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Three of Europe’s biggest oil explorers are among companies being questioned by European antitrust regulators about potential manipulation of prices in the $3.4 trillion-a-year global crude market.
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Inter RAO Lietuva AB slumped the most since the Baltic power distributor started trading in Warsaw in December after reporting a 52 percent drop in first-quarter profit.
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Lithuanian Finance Minister Rimantas Sadzius said joining the euro will help his country’s economy by boosting its ability to attract international financing.
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Ukraine has six months to meet European Union terms for an association agreement instead of a May deadline the 27-nation bloc set for improving its judiciary and electoral system, according to the foreign minister of Lithuania, which takes over the rotating EU presidency in July.
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The U.S. invaded Afghanistan more than 12 years ago with a contingent of special forces and Central Intelligence Agency officers, some of them on horseback, armed with laser pointers to direct air strikes against al-Qaeda and its Taliban hosts.
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Kinze Manufacturing Inc., an Iowa- based maker of farm machinery, will open it’s first factory outside the U.S. in Lithuania this year to support expansion in central and eastern Europe.
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