BANKING PROBLEMS CONTINUE IN LATVIA, LITHUANIA.
Publication: Monitor Volume: 1 Issue: 80
Depositorsat the failed Baltija Bank demonstrated in front of the Latviangovernment building August 22 to demand the return of their money,BNS reported. And Latvian economists urged the Bank of Latviato devalue the national currency in order to help overcome thebanking crisis. Meanwhile, the news service reported that sixLithuanian commercial banks are in trouble because they have notmaintained adequate capital reserves. In a related matter, BNSreported August 18 that real family incomes in Lithuania had declinedby 15.5 percent in the second quarter of 1995 compared to thesame period of a year ago.
Western Firms to Expand Klaipeda Port.