Lithuania shut down its nuclear power plant in Ignalina last week, raising fears of increased energy dependency on Russia and of a further blow to an already recession-hit economy.
The knock-on effects of the crisis have already hit Hungary, Lithuania and Latvia. Other countries in the region are also in the firing line. Governments are going down like ninepins. There is no end in sight to the economic and political turmoil. The so called "emerging" economies have been brought to their knees.
The European Union's budget chief was poised to become Lithuania's first woman president after a landslide victory in a vote overshadowed by the Baltic country's ailing economy, early official results showed.
The US called on Nato on Tuesday to be better prepared to defend the 3 Baltic states – Estonia, Latvia and Lithuania – from military attack, after Russia’s recent incursion into Georgia.Mr Cheney is due in Tbilisi on Thursday, where he is expected to announce a package of US aid for reconstruction of the Georgian economy, on top of humanitarian
According to a source, Unicorn Ventures feel that membership of the European Union in 2004 combined with recent a consumption boom are strong contributing factors in the transformation of Latvia, Lithuania and Estonia into some of the fastest-growing economies in the world.
If you are still wondering- does is pay to come and invest in Romania, we have collected some of the best reasons to come and invest in the land of opportunities.The statistics are showing that Romania has the most fast growing economy in the EU after Estonia, Latvia and Lithuania.
Very interesting documentary about the competing economic models in the European Union - from free market Lithuania, to social economy Finland. Germany, France and the UK are also covered. Real or WinMedia streams available.
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