Date: 31.08.2018.

International Internet Magazine. Baltic States news & analytics Monday, 19.11.2018, 11:35

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Several Latvian tour operators have serious financial issues

Several Latvian tour operators have serious financial issues

31.08.2018

Of the 208 Latvian companies registered as tour operators 55 are struggling with serious financial problems, which might prevent the companies from meeting their obligations if left unsolved, Intars Mikelsons, a board member of Kreditinformacijas Birojs (Credit Information Bureau), told LETA.

Keyword tags: Financial Services, Latvia, Markets and Companies, Tourism



Citadele Bank reports EUR 18 mln in H1 profit

Citadele Bank reports EUR 18 mln in H1 profit

31.08.2018

Latvia’s Citadele Bank generated a EUR 18 mln profit in the first half of this year, which is a 20% increase against the same period last year, the bank reported.

The average wage is rising, but it varies notably across Latvian regions

The average wage is rising, but it varies notably across Latvian regions

31.08.2018

Photo by: Shutterstock Although the average gross wage has exceeded the long-awaited limit of 1 000 euro in Latvia, regions witness significant wage differences. The average monthly wage in Latgale does not even reach two thirds of that paid in Riga.


Lithuania: Chosen synchronization scenario remains best

Lithuania: Chosen synchronization scenario remains best

31.08.2018

As the Baltic states are preparing for the synchronization of their power systems with that of continental Europe, scientists from Poland's Gdansk have completed additional assessment of the project's technical solutions and using the existing power interconnection LitPol Link and a new submarine cable between Lithuania and Poland is suitable, Lithuanian Energy Minister Zygimantas Vaiciunas said LETA/BNS on Friday.

Visiting European Parliament members inquire if Latvian politics are influenced by illegal money from Russia

Visiting European Parliament members inquire if Latvian politics are influenced by illegal money from Russia

31.08.2018

Visiting members of the European Parliament's Special Committee on Financial Crimes had a meeting with Saeima members today, during which they also inquired if Latvian politics were influenced by illegal money from Russia, informed LETA.


31.08.2018

Building permits indicate increased construction work

A fall in the amount of usable floor area specified in new building permits can be an early warning of an impending economic crisis. The so-called "floor area index" measures trends in the level of usable floor space authorised in construction work and the latest data show that in both the European Union (EU) and the euro area, the floor area index has been rising over the past three years, after reaching its lowest point in 2014. Nevertheless, the index levels for both the EU and the euro area are still lower than the highest levels reached in the fourth quarter of 2006, informed Eurostat.

31.08.2018

Euro area annual inflation down to 2.0%

Euro area annual inflation is expected to be 2.0% in August 2018, down from 2.1% in July 2018, according to a flash estimate from Eurostat, the statistical office of the European Union.

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