Date: 03.06.2019.

International Internet Magazine. Baltic States news & analytics Tuesday, 16.07.2019, 23:59

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The performance results of Baltic International Bank continue to demonstrate a positive trend

The performance results of Baltic International Bank continue to demonstrate a positive trend

03.06.2019

In 1Q 2019, the Bank has substantially improved its performance results, compared to 1Q 2018. While continuing to implement its new business model, the Bank achieved a 64.9-% rise in the net fee and commission income, compared to 1Q 2018. In 1Q 2019, the total customer funds reached EUR 508 mln, and the assets under management grew by 23% to reach EUR 91.23 mln. The value of financial instruments in brokerage service was EUR 168 mln.

Keyword tags: Banks, Financial Services, Latvia



Latvia: Wage increase is driven by businesses' need to attract employees

Latvia: Wage increase is driven by businesses' need to attract employees

03.06.2019

According to the first-quarter data on wages released by the Central Statistical Bureau of Latvia, at the beginning of the year the average wage growth decelerated, whereas wages in the private sector continued rising at a steady pace. This indicates that wages have not yet responded to Latvia's economic slowdown in the first quarter of 2019.

In April, the total industrial production in Estonia remained the same y-o-y

In April, the total industrial production in Estonia remained the same y-o-y

03.06.2019

According to Statistics Estonia, production increased in manufacturing, but decreased in energy and mining.


Edgars Rinkevics: We wish to sustain the positive trend of economic relations with Russia

Edgars Rinkevics: We wish to sustain the positive trend of economic relations with Russia

03.06.2019

On 3 June 2019, during the concluding high-level meeting of the Latvian Presidency of the Council of the Baltic Sea States (CBSS) in Jūrmala, the Minister of Foreign Affairs, Edgars Rinkēvičs, met with the Deputy Minister of Foreign Affairs of the Russian Federation, Alexander Pankin.

Sustainable tourism cooperation in the Baltic Sea region

Sustainable tourism cooperation in the Baltic Sea region

03.06.2019

With 227 mln overnight stays in 2016 of which 24% are international visitors, two digit growth rates between 2014 to 2016, and nearly 640.000 people employed in tourism related industries, tourism belongs to one of the major economic sectors in the Baltic Sea region (BSTC Tourism Market Report “State of the Tourism Industry in the Baltic Sea region”, 2018).


03.06.2019

Each fourth employed person in Latvia is at retirement or pre-retirement age

Data compiled by the Central Statistical Bureau (CSB) and published in the publication “Labour Force Survey: Key Indicators in 2018” show that over the past ten years the average age of employed people has risen by 2.4 years, constituting 43.7 years in 2018.

03.06.2019

Manufacturing output in Latvia growth in April

Data compiled by the Central Statistical Bureau (CSB) show that, compared to April 2018, in April 2019 industrial production output1 fell by 2.4% (according to calendar adjusted data at constant prices). It was affected by a drop in electricity and gas supply by 22.6% (due to the warm and dry weather, the amount of electricity produced from hydroelectric plants reduced), but increase was observed in manufacturing by 3.8% and in mining and quarrying by 23% (it was affected by rise in exports of peat and construction of roads).

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