Date: 15.08.2019.

International Internet Magazine. Baltic States news & analytics Monday, 16.09.2019, 03:59

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FCMC suspends the provision of financial services by JSC PNB Banka and decides on the unavailability of deposits

FCMC suspends the provision of financial services by JSC PNB Banka and decides on the unavailability of deposits

15.08.2019

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



Latvia: In the 2nd quarter, significant upturn in the number of tourists from Spain

Latvia: In the 2nd quarter, significant upturn in the number of tourists from Spain

15.08.2019

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?

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.


Estonia: Elering pays out EUR 5.3 mln in renewable energy subsidy in July

Estonia: Elering pays out EUR 5.3 mln in renewable energy subsidy in July

15.08.2019

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 in Lithuania stood at 6.1%

In II quarter 2019, the unemployment rate in Lithuania stood at 6.1%

15.08.2019

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.


15.08.2019

Employment of 50–74 year olds the highest in 10 years

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

15.08.2019

In the 2nd quarter of 2019, Latvian unemployment rate constituted 6.4%

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.

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