International Internet Magazine. Baltic States news & analytics
Friday, 01.08.2014, 06:44
Among the three Baltic States, Latvia has the lowest number of payment cards per resident, reports LETA, referring to data provided by Association of Latvian Commercial Banks.
Keyword tags: Baltic, Banks, Financial Services, Society
SEB pension fund asset management companies in Latvia, Lithuania and Estonia have teamed up with the leading private equity firm in Baltics BaltCap to invest EUR 16.26 million of pension fund assets in developing Baltic companies through BaltCap Private Equity Fund II (BPEF II), informed BC head of corporate communication at SEB Martins Panke.
SEB Group in Latvia concluded the first six months of 2014 with a profit of EUR 14.1 million. Unaudited net profit earned by AB SEB Bankas over the first half of 2014 was LTL 148.4 million (EUR 43.0 million) and SEB’s Eesti unit ended the second quarter of 2014 with a 18.4 million euros profit, informs LETA.
Analysis of processed registrations’ data performed by AV Automotive Research /AutoTyrimai, based on source data gathered from Regitra (Lithuania), CSDD (Latvia) and Maanteeamet (Estonia), shows that new light-vehicle (M1&N1) registrations in the Baltic States grew by 12.8% to 15’129 units in the II quarter 2014, reported BC AutoTyrimai communication service.
One-fourth or 25% of employees in Latvia receive partly unofficial or "under-the-table" salaries, a study carried out by Cvmarket.lv indicates, cites LETA/Nozare.lv.
The retail turnover (including VAT) of the Apranga Group reached LTL 50.5 million (EUR 14.6 million) in June 2014, and has increased 18.4% in comparison to June 2013, said the company in a statement, cites LETA/ELTA.
Residents and guests of Vilnius now will be able to pay for the public transports directly with their smartphones. Vilnius City Municipality first one in the Baltic region offers a free smartphone application m.Ticket, informed BC head of public relations division at Vilnius City Municipality Irma Juskenaite.