Date: 15.07.2019.

International Internet Magazine. Baltic States news & analytics Monday, 19.08.2019, 09:00

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airBaltic flight makes emergency landing in Riga

airBaltic flight makes emergency landing in Riga

15.07.2019

A passenger plane of Latvia’s airBaltic carrier which was on its way from Riga to Moscow made an emergency landing at Riga Airport on Monday, the airport’s spokeswoman Laura Karnite informed LETA.

Keyword tags: Airport, Latvia, Tourism, Transport



Banking watchdog fines Rigensis Bank EUR 1.03 million

Banking watchdog fines Rigensis Bank EUR 1.03 million

15.07.2019

The Financial and Capital Market Commission (FCMC) has imposed a fine of EUR 1,028,850 on Rigensis Bank for violations of requirements of the laws and regulations on the prevention of money laundering and financing of terrorism and proliferation, the FCMC informed LETA

How developments in global food commodity prices affect consumer prices in Latvia

How developments in global food commodity prices affect consumer prices in Latvia

15.07.2019

According to Latvijas Banka research*, a 10% increase in global food commodity prices raises consumer prices by 0.9% in Latvia; and two thirds of a pass-through occurs during the first year after the global price shock. Therefore global food commodity prices are one of the main factors affecting inflation developments in Latvia.


Bank of Lithuania together with central banks of Germany and Poland implemented EU Twinning Project in Belarus

Bank of Lithuania together with central banks of Germany and Poland implemented EU Twinning Project in Belarus

15.07.2019

The central banks of three EU countries – Lithuania, Poland and Germany successfully implemented the EU Twinning Project ‘Strengthening the National Bank of the Republic of Belarus’ during which they conveyed their experience to the National Bank of the Republic of Belarus. The closing conference held today in Minsk brought this 18-month project to a close and showcased its achievements.

In May foreign trade turnover of Latvia was 3.5% larger than a year ago

In May foreign trade turnover of Latvia was 3.5% larger than a year ago

15.07.2019

Provisional data of the Central Statistical Bureau show that in May 2019 the foreign trade turnover of Latvia amounted to EUR 2.5 bn, which at current prices was 3.5% more than in May 2017, of which the exports value of goods was 2.6 % lower, but imports value of goods was 8.6 % higher. In May, Latvia exported goods in the amount of EUR 1.07 billion, but imported – in the amount of EUR 1.43 bn. Compared to May 2018, foreign trade balance has worsened as exports in total foreign trade amount decreased from 45.4 % to 42.8%.


15.07.2019

US experts checking Lithuania's egg producer Baltic Egg Production

US experts have on Monday started inspecting Lithuania's egg producer Baltic Egg Production, part of Lithuania's Viciunu Grupe business group, willing to export eggs and their products, reported LETA/BNS.

15.07.2019

Estonia's LeapIN raises EUR 6.8 mln, rebrands as Xolo

LeapIN, the startup founded to service Estonian e-residents, has raised six million euros from investors, is to launch a new service that enables starting micro-businesses without registering a company, and has rebranded itself as Xolo,

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