International Internet Magazine. Baltic States news & analytics
Thursday, 20.06.2013, 14:52
Neil Cooper, Bankruptcy Administrator of BAB Bankas Snoras (in Bankruptcy) has confirmed that on 19 July 2012, the bankruptcy of the bank was recognised in Switzerland by FINMA, the Swiss Financial Market Supervisory Authority, the bank said in a statement.
Keyword tags: Banks, EU – Baltic States, Financial Services, Legislation, Lithuania
Estonia's economy grew by 2% in annual terms in the second quarter and by 0.4% from the first quarter; a slowdown in growth in Europe is largely due to problems with public finances in several countries, the national bank of Estonia said in a statement.
According to Statistics Estonia, by flash estimates, the gross domestic product (GDP) of Estonia increased by 2.0% in the 2nd quarter of 2012 compared to the same quarter of the previous year.
Aviation fuel supplier Gulfstream Oil operated with LVL 40.37 million in turnover in 2011, 37.9% more than in 2010, when the company turned over LVL 29.72 million, according to Firmas.lv information.
If P&C Insurance AS raised its profits earned in Estonia, Latvia and Lithuania by half, to 12.4 million euros, writes Äripäev.ee/LETA.
In June 2012, Latvia's current account deficit was at LVL 49.6 million, affected by a small increase in the negative balance of goods external trade and dividends paid to foreign investors, Bank of Latvia economist Ieva Brauksa informs.
In August of 2003, just nine years ago, Lithuanian Radio and Television Center, otherwise referred to as the Telecenter or LRTC, started transmitting digital television programs, the Lithuanian Transport Ministry said in a statement.