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Saturday, 14.12.2019, 00:55
Moody: Government of Latvia Financial scandals raise questions over supervisory capacity and weigh on institutional strength02.03.2018
Recent scandals in the financial sector are credit negative for Latvia (A3 stable) as they raise questions around the strength of the authorities' supervisory capacity as well as concerns around the effective enforcement of anti-money laundering (AML) measures, writes in Moody Investor Service comments sent for BC.
Keyword tags: Analytics, Banks, Crisis, EU – Baltic States, Financial Services, Latvia, Rating
Russia's airline RusLine will resume flights from Moscow to Palanga, Lithuania's biggest resort on the Baltic Sea, during the summer season, reports LETA/BNS.
Economic analyst at SEB Mihkel Nestor said that the productivity of Estonia's processing industry is more and more falling below the economy's average, but ironically, the pulp industry is one of the most productive industries in Estonia.
Oleg Doronin, Head of Corporate finance and Oto Davidovs, Director of Corporate finance of Baltic International Bank, represented the Bank in Cbonds CEE Bond Conference in Prague. The conference was about the bond markets in Central and Eastern Europe.
Lithuania's economic growth was last year slower than that of the other two Baltic states, according to data provided by national statistics agencies.
The decision taken by Lietuvos Oro Uostai (Lithuanian Airports), the state-run operator of the country's three passenger airports, may revise the plans of Ireland's Ryanair budget airline on development of a aircraft base in the country.
Estonia: Luminor earns EUR 13.2 mln net profit in first quarter of operation Luminor Bank AS, the joint bank of Nordea and DNB which was created in October 2017, earned a revenue of 29.9 mln euros and a net profit of 13.2 mln euros in the fourth quarter of last year, which was also the bank's first quarter of operation, reports LETA.