International Internet Magazine. Baltic States news & analytics
Sunday, 25.09.2016, 15:18
To promote the research and analysis of Latvia's and euro area's macroeconomic issues by involving the most talented young economists in this work, Latvijas Banka announces the current Competition of Student Scientific Research Papers.
Keyword tags: Banks, Education and Science, Financial Services, Latvia
An administrative building of Lithuania's bankrupt bank Snoras in Tallinn has been sold for 1.377 mln euros to Estonia's real estate investment company EE Estate Berlin Invest, writes LETA/BNS.
On 4 April 2017, the central banks of the euro area, including Eesti Pank, will release a new €50 banknote into circulation with a new design and security features. So that the new fifty-euro note can enter smoothly into circulation, it is important for companies to update their cash handling equipment in good time.
The Latvian branch of Nordea Bank has made an agreement to grant EUR 19.9 million loan to further development of Nordic and Baltic Property Group’s Unity business center, the bank’s spokeswoman in the Baltic state Signe Lonerte told LETA.
EU’s supranational administration concerning extensive economic integration requires more active oversight in capital and financial sectors. The British “City of London” is a renowned world financial leader being an efficient financial actor in both the UK and EU’s economy. However, Brexit can damage that position argued some experts, acknowledging an impending tragedy.
The macroeconomic indicators available at this time unfortunately confirm our previously expressed concern: the Latvian economy is cooling down. The year 2016, in all likelihood, will be the year with the lowest growth since the crisis, reports in Forecasts of Latvijas Banka.
Dridex, an online banking malware that steals personal information through HTML injections, is now targeting also banks in Estonia, Latvia and Lithuania, warned LETA/BNS.