Date: 29.08.2018.

International Internet Magazine. Baltic States news & analytics Wednesday, 21.11.2018, 00:02

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Estonian companies required to disclose ultimate beneficiaries from Saturday

Estonian companies required to disclose ultimate beneficiaries from Saturday

29.08.2018

All companies registered in Estonia are required to inform the commercial register about their beneficial owners starting on Saturday, September 1, 2018.

Keyword tags: Business, Business in Europe, Estonia, Legal Counsel, Legislation



Results of operation of the Bank and Rietumu Concern in the first half of 2018 have been summarised

Results of operation of the Bank and Rietumu Concern in the first half of 2018 have been summarised

29.08.2018

As of 30 June 2018, assets of the bank form 1.6 bln euros, deposits of the customers are 1.1 bln euros and net profit during the first six months is 20.2 mln euros. The equity and reserves are stable at the level of 459 mln euros, return on assets (ROA) is 1.82% and return on equity (ROE) is 8.68%. The bank keeps a high liquidity coverage ratio (LCR) of 699.13% (the minimum standard being 100%), according to the bank’s representative.

Average earnings have exceeded 1000 euros in Latvia

Average earnings have exceeded 1000 euros in Latvia

29.08.2018

Data of the Central Statistical Bureau of Latvia show that in the 2nd quarter of 2018, compared to the 2nd quarter of 2017, the average monthly gross wages and salaries grew by 8.4% or 78 euros, reaching 1004 euros for full-time work. The growth rate registered in the 1st quarter of the year was faster – 8.6%. Compared to the 1st quarter, in the 2nd quarter of 2018 gross wages and salaries increased by 4.6% or 44 euros.


Average salary of teachers to rise to EUR 1,500 in 2019 – Estonian ministry

Average salary of teachers to rise to EUR 1,500 in 2019 – Estonian ministry

29.08.2018

According to the Estonian Ministry of Education and Research, the average salary of teachers will rise to 1,500 euros next year, cities LETA/BNS.

McDonald's opening in Lithuania's Marijampole

McDonald's opening in Lithuania's Marijampole

29.08.2018

The McDonald's fast food restaurant chain is opening its restaurant in Lithuania's southern city of Marijampole, making it the smallest city in Lithuania it operates in, informs LETA/BNS.


29.08.2018

Lithuania's Vinted attracts 50 mln euros investment

Lithuanian-founded clothing exchange platform Vinted has attracted a 50 mln-euro venture capital investment, making it the biggest publicly-known financial injection in the history of Lithuanian start-ups, informs LETA/BNS referring to the Verslo Zinios business daily.

29.08.2018

Total profit of Estonia's business sector drops 12%

According to Statistics Estonia, in the 2nd quarter of 2018, the total profit of the business sector was 726 mln euros, which is 12% less than in the same period the year before.

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