International Internet Magazine. Baltic States news & analytics
Friday, 24.10.2014, 12:31
The profit of joint-stock Swedbank in Latvia for the nine month period 2014 amounted to EUR 88 million compared to a profit of EUR 81 million for the nine month period of 2013. Swedbank Lithuania's profit for the first nine months 2014 was 3% up year-on-year and amounted to LTL 291 million (EUR 84.347 million) and Swedbank’s Estonian subsidiary earned a total of 119.4 million euros in nine-month profits this year, informs LETA.
Keyword tags: Baltic, Banks, Deposits, Financial Services, Loan
Cargo turnover at the Baltic countries' ports increased by 1.1% in the first nine months of 2014, amounting to 106.78 million tons, as compared to the respective period of 2013, according to information provided by portal "RZD Partner", cites LETA/Nozare.lv.
In order to consolidate business management in the Baltics, a decision was made to establish a new holding company – Amber Beverage Group – that would unify the international alcoholic beverage company SPI Group companies, including Latvijas Balzams, the company's spokeswoman Dana Hasana informed the business portal Nozare.lv, cites LETA.
The investment banking and financial advisory company Prudentia and stock exchange Nasdaq Riga presented a list of ten most valuable Baltic companies today, reports LETA.
In September 2014, apartment prices dropped the most in Tallinn, by 4.1%. In Vilnius they decreased marginally, by 0.2%. Meanwhile, in Riga apartment prices remained without changes compared to the previous month, informs LETA/ELTA.
Lithuanian supermarket chain Maxima Group which operates Maxima grupe with stores in Lithuania, Latvia, Estonia, Bulgaria and Poland, is changing its name to UAB Franmax, as the portal Vz.lt reported on Wednesday, referring to information posted on Linkedin by Maxima Group, cites LETA.
Latvia's GDP growth in the second quarter of the year 2014 was the slowest amongst the Baltic countries, Nordea bank expert Gints Belevics points out, cites LETA/Nozare.lv.