Violeta Klyviene News
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U.K. Prime Minister David Cameron’s vow to put Britain’s European Union status to a public vote is reinforcing Latvian hostility toward adopting the euro.
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Danske Bank A/S raised its forecast for Lithuania’s 2011 economic growth by 1.9 percentage points, citing higher exports and stronger domestic demand.
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Latvia is very close to meeting requirements for adopting the euro in 2014 and becoming the currency union’s 18th member, Violeta Klyviene, a senior analyst at Danske Bank A/S, said in an e-mailed note today.
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Lithuanians went to the polls today in an election that’s set to oust the government after austerity measures intensified the Baltic nation’s deepest recession, triggering record-high unemployment and an exodus of workers.
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Lithuania’s economic growth slowed in third quarter as declines in agriculture and construction undercut an export-led recovery from Europe’s second-deepest recession.
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Estonian milk prices have jumped 66 percent in the past year. The cost of some vegetables has more than doubled.
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Lithuanians are set to oust their government after austerity measures intensified the Baltic nation’s deepest recession, sending unemployment and inequality to record highs and prompting an exodus of workers.
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Latvia is getting closer to adopting the euro as slower inflation helps the Baltic nation meet a key criterion for the currency switch, Danske Bank A/S said.
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Estonia’s economy, which exited the European Union’s second-deepest recession last year, grew at the fastest annual pace in almost three years in the third quarter as an export-led recovery boosted industrial output.
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Lithuanian President Dalia Grybauskaite named former Deputy Finance Minister Vitas Vasiliauskas as the Baltic country’s next central bank governor.
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