Crisis

International Internet Magazine. Baltic States news & analytics Wednesday, 24.07.2019, 08:13

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Without 2019 budget Latvia is living in the past - Vilks

Without 2019 budget Latvia is living in the past - Vilks

19.12.2018

With its 2019 budget yet to be adopted, Latvia is kind of living in the past, Latvia’s former finance minister Andris Vilks said in an interview with LNT commercial TV channel, citing LETA.

Keyword tags: Budget, Crisis, Financial Services, Latvia



90 mln euros needed to prevent healthcare system from collapsing in Latvia – Keris

90 mln euros needed to prevent healthcare system from collapsing in Latvia – Keris

12.11.2018

Latvian Trade Union of Health and Social Care Employees' head Valdis Keris has sent a letter to top state officials to demand that 90 mln euros be allotted to increase healthcare workers' salaries, noting that otherwise state healthcare system will "collapse", cities LETA.

Lithuania's central bank was not cautious enough before crisis – Vasiliauskas

Lithuania's central bank was not cautious enough before crisis – Vasiliauskas

31.10.2018

The Bank of Lithuania could have tightened supervision rules for the banking sector before the last crisis but failed to do so, Vitas Vasiliauskas, chairman of the Bank of Lithuania, says, cities LETA/BNS.


Latvia’s ABLV Bank submits draft voluntary liquidation plan to Financial and Capital Market Commission

Latvia’s ABLV Bank submits draft voluntary liquidation plan to Financial and Capital Market Commission

05.03.2018

Latvia’s ABLV Bank on Monday submitted a draft voluntary liquidation plan application to the Financial and Capital Market Commission (FCMC), the bank’s spokesman Janis Bunte reported.

FinCEN representatives to visit Latvia this Wednesday

FinCEN representatives to visit Latvia this Wednesday

05.03.2018

Representatives of the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury are expected to arrive in Latvia this Wednesday, March 7, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) told LETA.


05.03.2018

Guaranteed deposits paid out to 512 ABLV Bank clients so far

Guaranteed deposits have been paid out yesterday to a total of 512 clients of ABLV Bank since yesterday, totaling EUR 8.6 mln, Citadele Bank spokeswoman Ieva Praulina told LETA.

02.03.2018

Moody: Government of Latvia Financial scandals raise questions over supervisory capacity and weigh on institutional strength

Recent scandals in the financial sector are credit negative for Latvia (A3 stable) as they raise questions around the strength of the authorities' supervisory capacity as well as concerns around the effective enforcement of anti-money laundering (AML) measures, writes in Moody Investor Service comments sent for BC.

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