International Internet Magazine. Baltic States news & analytics
Tuesday, 21.01.2020, 20:37
FCMC suspends the provision of financial services by JSC PNB Banka and decides on the unavailability of deposits15.08.2019
The European Central bank (ECB) as a direct supervisor of JSC PNB Banka, on 15th of August, 2019 decided to recognize the bank as failing or likely to fail financial institution. Whereas the European Single Resolution Board (SRB) has decided not to take resolution of JSC PNB Banka, which means not to take actions to stabilize the Bank’s activities, announced Financial and Capital Market Commission (FCMC).
Keyword tags: Banks, Financial Services, Latvia, Legislation
Latest data of the Central Statistical Bureau (CSB) show that 781.1 thousand visitors stayed at Latvian tourist accommodation establishments in the 2nd quarter of 2019, which is 1.1% more than in the 2nd quarter of 2018.
U.S. Efforts To Derail Russian Pipelines To Europe Have Failed Since The 1960s. Will Nord Stream 2 Be Any Different?15.08.2019
U.S. President Donald Trump will fly to Europe later this month to pursue a goal his predecessors going back to John F. Kennedy and Ronald Reagan failed to achieve -- derailing a Kremlin-backed energy-export pipeline.
Estonian transmission system operator (TSO) Elering paid out altogether 5.3 mln euros in renewable energy support and high-efficiency cogeneration support in July, reported LETA/BNS.
In II quarter 2019, the unemployment rate stood at 6.1% and, against I quarter 2019, decreased by 0.4 percentage points, against the respective period 2018, increased by 0.2 percentage points.
According to Statistics Estonia, the employment of 50–74 year olds keeps growing. The number of employed people of that age group is the highest in 10 years
Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2019 Latvian unemployment rate constituted 6.4%. Compared to the previous quarter, unemployment rate fell by 0.5 percentage points, and compared to the rate recorded a year ago, it dropped by 1.3 percentage points.