New initiative brings credibility to eurozone
More than a decade ago, Germany suggested a common currency for a “common Community”. Last weekend German finance minister came with another idea – creating a European Monetary Fund, EMF to bail out 16 eurozone members in financial difficulties. It is a remarkable idea, though questions abound, e.g. would the EMF cover eurozone or the entire EU, whether the EU treaties should be amended to create the fund.
Biedrins set for dubious NBA record
OAKLAND - Latvian basketball player Andris Biedrins is on the verge of setting a grim new record in the US National Basketball Association.
The Latvian ball player looks like he will set the r...
Gazprom demands $140 million from Lithuania
VILNIUS - Russian state-owned energy giant Gazprom has sent a letter to the Lithuanian government demanding $140 million in payouts for a unprofitable power plant.
The gas company bought the po...
Harmonised average annual inflation in Lithuania stood at 2.6% in February 2010
Statistics Lithuania calculates the harmonised index of consumer prices (HICP), which is methodologically harmonised with those of other EU Member States, on a monthly basis. The conformity with the price stability criterion, set in the Maastricht Treaty, is assessed taking into consideration the inflation rate which is calculated based on the said index. Average annual inflation calculated based on the HICP in February 2010 stood at 2.6%, which is by 0.3 percentage point less than that calculated based on the consumer price index (CPI).
