International Internet Magazine. Baltic States news & analytics
Monday, 19.08.2019, 06:56
AS PNB Bankas's new shareholders and Management Board announcement
18.08.2019On Sunday evening, a statement was published on the website and on the pages of the National Bank of the Bank of new shareholders and the bank's board. Below is the full text of the statement.
Keyword tags: Banks, Financial Services, Latvia, Legislation
40% of PNB Banka clients are senior citizens
16.08.2019According to information from the Financial and Capital Market Commission (FKTK), 40% of PNB Banka's clients are senior citizens, reported LETA/BNS.
Citadele Bank to pay guaranteed compensation to PNB Banka customers
16.08.2019Citadele Bank will pay guaranteed compensation to PNB Banka customers, Jelena Lebedeva, head of the Financial and Capital Market Commission's (FCMC) Resolution and Guarantee Funds Division, told LETA on Friday.
FCMC suspends the provision of financial services by JSC PNB Banka and decides on the unavailability of deposits
15.08.2019The 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).
Swedbank Estonia to lower management fees for 2nd pillar funds
15.08.2019Swedbank Estonia is about to cut the management fees for second pillar pension funds by about one-fifth from September, reported LETA/BNS.
There are signs within the strong labour market that the economy is cooling
The labour market remains favourable for employees. The unemployment rate was 5.1% in the second quarter. The number of short-term workers from abroad rose noticeably. Employers in industry have become more pessimistic about continued growth in employment.
Estonian economist: Export slowdown attributable to decline in shale oil products' export
The deceleration of export growth to 4 % in the first half-year is largely attributable to a low result in June, the outcome was foremost affected by a strong decline in the export of shale oil products, Swedbank chief economist Tonu Mertsina said LETA/BNS.
Bologna process: 20 successful years 
