July 3, 2015
- Graham Stack in Berlin and Guntars Veidemanis in Riga
The trail of company service providers in Scotland that have churned out thousands of shell companies over the last few years leads to the top echelons of Latvian banks, according to bne IntelliNews enquiries.
Latvia's CBL Asset Management will launch a real estate fund with a conservative mandate, making it one of the first investment vehicles in the region to adapt to the realities of the recovering Baltic economies.
The risk of contagion for Central Europe and the Baltics from Grexit is low, insist analysts and officials. However, the rising risk to the Eurozone will put pressure on regional economies, bonds and currencies.