Date: 16.05.2017.

International Internet Magazine. Baltic States news & analytics Thursday, 27.07.2017, 01:31

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Latvian Investment and Development Agency inks tourism cooperation agreement with Alibaba Group

Latvian Investment and Development Agency inks tourism cooperation agreement with Alibaba Group

16.05.2017

The Latvian Investment and Development Agency today signed an agreement on long term tourism cooperation with Alibaba Group on China’s largest travel website Alitrip to promote Latvian businesses on the Chinese market, LETA was told at the government agency.

Keyword tags: China, Good for Business, Internet, Latvia, Markets and Companies, Technology, Tourism



Augulis and Chinese transport minister agree to promote rail cargo transportation

Augulis and Chinese transport minister agree to promote rail cargo transportation

16.05.2017

Transport Minister Uldis Augulis (Greens/Farmers) during his ongoing visit to China today agreed with Chinese Transport Minister Li Xiaopeng to promote transportation of rail cargo, BC was told at the Latvian Transport Ministry.

Better Asset Quality and Lower Share of NonResident Deposits Drives Positive Outlook for Baltic Countries

Better Asset Quality and Lower Share of NonResident Deposits Drives Positive Outlook for Baltic Countries

16.05.2017

Our outlook for the Baltic countries' banking system is positive1 , compared with the stable outlook that has prevailed since 2015. This reflects our expectation that a supportive macroeconomic environment will improve banks' asset quality and support healthy loan growth across the system over the next 12 to 18 months. The positive momentum will be particularly supportive of domestic banks as, in addition to positive economic conditions, tighter regulatory requirements will encourage them to increase headroom above minimum capital requirements and reduce their reliance on volatile non-resident deposits. »


Bank of Lithuania submits position on necessary pension system reform

Bank of Lithuania submits position on necessary pension system reform

16.05.2017

The Bank of Lithuania, after conducting a study of the country’s pension system, states that, with no significant and immediate reforms undertaken, the future pensioners’ position will only deteriorate. The Bank of Lithuania is submitting a package of proposals that could change the situation if a long-term political agreement on the implementation of necessary measures is reached.

Ransomware Wannacry spotted in Estonia

Ransomware Wannacry spotted in Estonia

16.05.2017

The ransomware Wannacry which started spreading across the world at the end of last week has been spotted in Estonia, although fortunately it has not been able to do too much damage yet, Telia said LETA/BNS.


16.05.2017

Latvia's pension system stable, yet there is room for improvement - Audit Office

Latvian pension system is stable, yet there is room for improvement, according to the State Audit Office conclusions writes LETA.

16.05.2017

Prezi presentation platform buys Latvia’s Infogr.am

Visual presentation platform Prezi has purchased the world-known and Latvian-based data visualization company Infogr.am, representatives of both companies reported.

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