Date: 29.03.2019.

International Internet Magazine. Baltic States news & analytics Thursday, 12.12.2019, 14:24

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Lithuania at the forefront of fintech regulation

Lithuania at the forefront of fintech regulation

29.03.2019

Marius Jurgilas, Member of the Board of the Bank of Lithuania, met with experts from the International Monetary Fund (IMF) and the World Bank, sharing Lithuania’s experience in creating a fintech-conducive regulatory environment, which falls in line with international best practices, informed Bank of Lithuania.

Keyword tags: Analytics, Banks, Financial Services, Lithuania, Technology



Trading with Olainfarm shares suspended due to disagreements among shareholders

Trading with Olainfarm shares suspended due to disagreements among shareholders

29.03.2019

Nasdaq Riga stock exchange has suspended trading with shares in Olainfarm pharmaceutical company due to disagreements among shareholders, the Riga bourse reported,

Danish company to start trout farming in Lithuania's Klaipeda

Danish company to start trout farming in Lithuania's Klaipeda

29.03.2019

Danish company Hjarno Havbrug plans to launch a trout farming business on the Baltic coast near the port of Klaipeda and hire 65 people, reported LETA/BNS.


Prices of coniferous round timber in Latvia rose and of deciduous fell

Prices of coniferous round timber in Latvia rose and of deciduous fell

29.03.2019

Latest data of the Central Statistical Bureau (CSB) show that, in the 2nd half of 2018, compared to the 1st half of 2018, the average purchase prices of coniferous round timber increased, while that of deciduous trees fell. The highest rise was recorded in the prices of pine round timber in diameter under 14 cm and asp sawlogs in diameter 18–24 cm, while the most notable decline was observed in the prices of birch sawlogs in diameter over 24 cm.

Financial watchdog calls on Olainfarm to respect rights of shareholders

Financial watchdog calls on Olainfarm to respect rights of shareholders

29.03.2019

The Finance and Capital Market Commission (FKTK) has called on Olainfarm pharmaceutical company to respect the rights of shareholders to convene meetings, the commission’s representative Ieva Upleja said LETA/BNS.


29.03.2019

Distribution of Rigvir anti-cancer medicine suspended

The State Agency of Medicines (ZVA) has decided to suspend distribution of Rigvir anti-cancer medicine, while the National Health Service has made the decision to delete it from the list of state-funded medicines, reported LETA.

29.03.2019

In February, retail trade turnover in Latvia increased by 5.9%

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to February 2018, in February 2019 total retail trade turnover rose by 5.9 %. Turnover of retail trade in food products grew by 3.4 %. Turnover of retail trade in non-food products (except for retail sale of automotive fuel) increased by 11.3%, but turnover of retail sale of automotive fuel – reduced by 1.9%.

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