International Internet Magazine Saturday, 22.11.2008, 07:40
Andris Strazds: no reasons to await repeat of Great Depression
04.11.2008The current global financial crisis and the resulting recession is by no means comparable with the Great Depression of the 1930s in the U.S., professor at Stockholm School of Economics in Riga, economist Andris Strazds said in an interview.
Keyword tags: Analysis, Economic History, Economics , Latvia
Exhibition on Lithuania’s diplomacy to open on 5 September in Kaunas
04.09.2008An exhibition called White Gloves: Official and Unofficial Diplomacy in Kaunas in 1918-1940 will open at the historical Office of the President in Kaunas on 5 September, 2008, the Ministry of Foreign Affairs of the Republic of Lithuania announced.
Keyword tags: Economic History, Forums, Lithuania
Skele’s Empire: from rise to fall
30.11.2006The next Latvian economic history’s review (previous one was published in the BC-22) is devoted to privatization history of the group of companies with an attractive name Ave Lat. The group has been dominating in a very important country’s economic sector during 1990s. It was the period when the foodstuff sector in the country has been closely connected to Mr. A. Skele, a millionaire himself and three times being Latvian prime minister. It is quite complicated to find strictly documented evidences about Mr. Skele’s direct connections to Ave Lat Grupa, though he himself regards his role in it as quite significant.
Keyword tags: Economic History, Financial Services, Latvia, The Baltic Course No. 23
Investments with the American optimistic approach
31.07.2006The article with the same title appeared in 1994 in the daily Business&Baltija (B&B) describing the investment fund New Century Holding’s (NCH) initial steps on the emerging market in Latvia in the start of 1990s. Today we can assess the American investors’ activity in Latvia showing the scheme of venture capital installment into almost all spheres of national economic development, taking NCH as an example, and “creaming off” a very risky — and therefore highly profitable — market.
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