LatCham's 2013 Market Study is underway. Conversations with US and Baltic business leaders identified a need to establish ongoing intelligence and dialogue about prioritized business opportunities in Estonia, Latvia, Lithuania, and the United States. This study is focusing on those sectors where revenue growth and trade offer great potential including bio-technology, bio-mass, health care, medicine, pharmaceutical, forestry and woodworking, information technology and cyber,fashion and textile,gr... Read more »

The European Union released its economic forecast for 2008-2010. As most forecasters, they project a recessionary market for Europe for 2009 with the beginnings of an upturn in 2010.

Autumn economic forecast 2008-2010: GDP growth comes close to a stand-still in the EU and euro area

European Union economic growth should be 1.4% in 2008, half what it was in 2007, and drop even more sharply in 2009 to 0.2% before recovering gradually to 1.1% in 2010 (1.2%, 0.1% and 0.9%, re... Read more »

On October 03, 2008, The United States House of Representatives lawmakers voted 263-171 in favor of a $700 billion dollar bill to purchase distressed assets from financial institutions. The plan also includes up to $152 billion in a combination of tax credits and other financial tools to address the economic downturn faced by US firms.

The House's vote was aligned with the recently approved Senate bill which passed by a vote of 74-25. After the House approved the bill, it was delive... Read more »

According to Financial Times Capital Markets Correspondent, David Oakley, the "Debt-laden eastern European economies are facing downgrades in the coming months as deteriorating credit conditions hit their fragile banking sectors.

The overheating economies of Latvia, Lithuania, Estonia, Kazakhstan, Montenegro, Serbia, Romania and Hungary are under the greatest threat, according to ratings agency Standard & Poor’s."

Further, Mr. Oakley reports: "Latvia has $26.2bn, equivale... Read more »