Date: 20.02.2017.

International Internet Magazine. Baltic States news & analytics Tuesday, 23.01.2018, 02:28

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Bank of Lithuania to operate not only as heavy-handed demanding regulator

Bank of Lithuania to operate not only as heavy-handed demanding regulator

20.02.2017

The absolute majority of financial market participants supervised by the Bank of Lithuania acknowledge that supervision by the central bank is effective, while the respondents assess highly the competence and behaviour of the supervisory staff – this is reflected in the results of the first survey of this kind. Market participants expect consultancy and assistance from the central bank, as well as quick response to inquiries and notifications, enhancement of submission of electronic documents.

Keyword tags: Banks, Direct Speech, Financial Services, Lithuania



Latvian exports creep forward in a determined way

Latvian exports creep forward in a determined way

20.02.2017

According to the data of the Central Statistical Bureau (CSB), the turnover value of the external trade of Latvian goods in December dropped by 2.6% month-on-month, with goods exports dropping by 8.8% and imports increasing by 11.4%. Year-on-year, the goods export and import values posted positive growth by, respectively, 7.6% and 11.4%, which should be considered a good performance.

UPB and Re&Re the only construction companies that meet requirements for building Liepaja Prison

UPB and Re&Re the only construction companies that meet requirements for building Liepaja Prison

20.02.2017

The only Latvian construction companies that at the moment meet the requirements on companies that want to apply for building a new prison in Liepaja are the joint-stock company UPB and Re&Re, both in terms of turnover and having the industrial security certificate, as LETA has found out.


Electricity prices in Lithuania drop w-o-w as demand falls

Electricity prices in Lithuania drop w-o-w as demand falls

20.02.2017

Electricity prices across the Baltic Sea region went down last week as demand for power declined due to improved weather conditions, Litgrid said LETA/BNS on Monday.

Estonian defense contractor Milrem enters into partnership with UAE's defense industry

Estonian defense contractor Milrem enters into partnership with UAE's defense industry

20.02.2017

The Estonian defense contractor Milrem has signed a memorandum of understanding with IGG Aselsan Integrated Systems (IAIS), a joint venture of the United Arab Emirates' International Golden Group and Turkey's Aselsan, informes LETA/BNS.


20.02.2017

Estonian Alexela's Paldiski LNG terminal not granted EU funding

The Estonian Alexela Group failed to secure EU funding for its project to build a liquefied natural gas (LNG) terminal in Paldiski in last year's round of calls for energy proposals but plans to go ahead with the project and raise private capital if necessary, reports LETA/BNS.

20.02.2017

Icebreaker has assisted ships 151 times off Parnu

EVA-316, the multipurpose vessel of the Estonian Maritime Administration that has been breaking ice on ship routes to the southwestern port of Parnu since Jan. 10 has assisted ships on 151 occasions, spending 241,000 liters of fuel in the process, informs LETA/BNS.

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