Cooperation

International Internet Magazine. Baltic States news & analytics Saturday, 27.08.2016, 07:37

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Consolidation of DNB and Nordea brings new stability risk for Estonia

Consolidation of DNB and Nordea brings new stability risk for Estonia

25.08.2016

While the new joint unit for Baltic banking of Nordea and DNB will increase competition on the Estonian retail market, risks of the Latvian and Lithuanian banking market will have a greater impact on the financial stability of Estonia in the future, the Bank of Estonia said on Thursday, reports LETA/BNS.

Keyword tags: Analytics, Baltic, Banks, Cooperation, Estonia, Financial Services



Baltic venture capitalists to set up cooperation body

Baltic venture capitalists to set up cooperation body

25.08.2016

The organizations of Baltic venture capitalists will gather in the southwest Estonian sea resort Parnu on Friday to establish an association of venture capitalists of the three countries aimed at promoting cooperation and marketing the Baltic region as a whole, according Eesti Paevaleht information said LETA/BNS.

Aivar Pilv Law Office and partners establish new Baltic legal alliance LEADELL

Aivar Pilv Law Office and partners establish new Baltic legal alliance LEADELL

25.08.2016

Estonian law firm Aivar Pilv Law Office together with Latvian law firm Fogels, Vītols & Paipa and Lithuanian law firm Balčiūnas & Grajauskas founded a new pan-Baltic alliance LEADELL that brings together nearly 50 legal advisors, informe BC LEADELL representative.


Nordea and DNB banks to combine Baltic operations

Nordea and DNB banks to combine Baltic operations

25.08.2016

Nordea, the biggest financial group in the Nordic and the Baltic countries, and Norway's DNB bank have agreed to combine their operations in Lithuania, Latvia and Estonia, the banks said. The agreement is yet to be endorsed by institutions supervising banking operations and competition, with completion of the process expected in the second quarter of 2017, reports LETA.

Cooperation with Latvia to continue after Brexit

Cooperation with Latvia to continue after Brexit

25.08.2016

Cooperation with Latvia will continue, Tim Colley, Chargé d’Affaires a.i. of the British Embassy in Latvia, said during the working visit to the Liepaja port city in south-western Latvian, reports LETA.


24.08.2016

Latvijas Dzelzcels rail company to cooperate with Russia's largest freight railway operator

Latvian state-owned rail company Latvijas Dzelzcels (Latvian Railways, LDz) has reached a cooperation agreement with Russia's leading freight railway operator Freight One, LDz spokeswoman Linda Hakima informed.

24.08.2016

China's Alibaba Group wants to use Latvia as transit point for its shipments

The Chinese e-commerce company Alibaba Group is interested in shipping its goods to Northern Europe using Latvia as a transit point, Latvian Investment and Development Agency representatives said at a meeting of Latvian Ports, Transit and Logistics Council today, reports LETA.

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