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New finance minister confirmed in Lithuania
Vilnius - Ingrida Simonyte was confirmed as Lithuania's new finance minister Friday. Simonyte, 34, has worked at the ministry since 1997. From 2002 she headed the tax department. She was appointed a ministerial undersecretary in 2004. ...

[Posted on : 2009-07-03 ] Category : [ Finance (General) ]

Portugal gets new economy minister after insult in parliament
Lisbon - Portuguese Finance Minister Fernando Teixeira dos Santos will on Monday be sworn in as economy minister after Manuel Pinho resigned from the post over making an offensive gesture to a political opponent, government sources said Friday. Teixe...

[Posted on : 2009-07-03 ] Category : [ Finance (General) ]

Germany toughens up rules on tax havens
Berlin - Germany's parliament passed legislation Friday that increases taxation scrutiny of companies and private individuals who have business ties to tax havens. The bill, drafted by Finance Minister Peer Steinbrueck but later watered down by the g...

[Posted on : 2009-07-03 ] Category : [ Finance (General) ]

EU says to provide Latvia second loan instalment by end of July
Brussels - The European Commission will pay out the second instalment of its 3.1-billion-euro (4.4-billion-dollar) emergency loan to Latvia in the second half of July, officials in Brussels said Thursday. The instalment, which consists of 1.2 billi...

[Posted on : 2009-07-02 ] Category : [ Finance (General) ]

Sweden's Central Bank to cut interest rate to 0.25 per cent
Stockholm - Sweden's Central Bank said Thursday it will cut its interest rate next week to a record low 0.25 per cent, citing the weak development of the economy. Sweden has been hit hard by the global economic downturn and exports have fallen, the ...

[Posted on : 2009-07-02 ] Category : [ Finance (General) ]

Remittances from Mexican expatriates fell 20 per cent in May
Mexico City - Remittances from Mexicans working abroad fell 19.87 per cent in May, as compared to the same period last year, Mexico's central bank said Wednesday in its monthly report. Mexican migrants sent 1.9 billion dollars home in May, compared t...

[Posted on : 2009-07-01 ] Category : [ Finance (General) ]

Swedish presidency welcomes opening of EU tax talks with Turkey
Stockholm - Swedish Prime Minister Fredrik Reinfeldt Wednesday welcomed the opening of talks between the European Union and Turkey on bringing Turkey's tax laws into line with those of the bloc as his country assumed the rotating EU presidency. Speak...

[Posted on : 2009-07-01 ] Category : [ Finance (General) ]

World governing shows little improvement, World Bank says
Washington - The World Bank sees few signs of a positive trend in how people are governed, according to its annual report Monday on the quality of the world's ruling classes. The development bank's report also warned that a devastating financial cris...

[Posted on : 2009-06-29 ] Category : [ Finance (General) ]

Lenders gather in Brussels to debate Ukraine gas bridging loan
Brussels - International lenders gathered in Brussels on Monday to discuss offering Ukraine a short-term loan so that it can buy gas to store now for Ukrainian and European Union clients to use in the winter. The meeting brought together the vice pre...

[Posted on : 2009-06-29 ] Category : [ Finance (General) ]

EU plans to release billions in assistance to Latvia
Brussels - After Latvia's passage of an austerity package, the European Union has announced plans to release an additional 1.2 billion euros (1.69 billion dollars) in emergency aid. The funding was part of a previously announced 3.1-billion-euro pack...

[Posted on : 2009-06-26 ] Category : [ Finance (General) ]

 

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