Baltic

International Internet Magazine. Baltic States news & analytics Friday, 01.08.2014, 06:44

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Number of payment cards per resident in Latvia lowest in the Baltics

Number of payment cards per resident in Latvia lowest in the Baltics

18.07.2014

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 to invest EUR 16.26 mln pension fund assets in Baltic economies

SEB to invest EUR 16.26 mln pension fund assets in Baltic economies

16.07.2014

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 in Baltics earn profits in H1

SEB in Baltics earn profits in H1

14.07.2014

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.


New light-vehicle registrations in Baltics grew by almost 13% in H1

New light-vehicle registrations in Baltics grew by almost 13% in H1

14.07.2014

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.

About a quarter workers in Baltics receive "under-the-table" salaries

About a quarter workers in Baltics receive "under-the-table" salaries

09.07.2014

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.

02.07.2014

Turnover of Lithuanian Apranga increased by 18.4% in June y-o-y

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.

01.07.2014

Smartphone application allows to pay for the public transport in Vilnius

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.

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