Weak performace on Baltic markets

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Baltic stock markets endured a generally weak seven days, with both the main Baltic Benchmark Index (BBI) and the Riga Index down.

 

The BBI closed the week down 0.25% on 610.87 while the Riga Index fared even worse, down 2.25% on the week. 

Meanwhile the markets were told Friday that Riga City Northern District Court examined an insolvency claim against JSC Rīgas kuģu būvētava on July 15 and its decision will be announced on July 29. 

Looking ahead, July 23 will see a multi-price auction of Latvian Government Treasury long term debt securities.

Non-competitive fixed rate auctions will be run on NASDAQ OMX Riga on July 24, 2014; the fixed rate set by State Treasury will be published on the NASDAQ OMX Riga webpage after the competitive auctions.

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