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Monday, 03.08.2015, 07:35
Banks are prepared to issue loans to healthy companies, however, the main hindrance for companies to obtain loans is problems related to the shadow-economy, the Latvian Association of Commercial Banks points out, commenting Economy Minister Dana Reizniece-Ozola's (Greens/Farmers) recent statements that Latvian banks' lending policies are too passive, and thus hinder Latvia's economic growth, informs LETA.
Keyword tags: Analytics, Economics, Financial Services, Latvia, Loan, Markets and Companies, Shadow economy
Implementing the Public Audit Programme of 2015, National Audit Office of Lithuania has already conducted one third of the financial (regularity) audits and prepared their reports. The report of the audit of the Ministry of Economy has been presented to the public – how Ministry as well as institutions under the Ministry performed the delegated functions and used the funds allocated for the implementation of various programmes during 2014, the Office reports LETA/ELTA.
In the 2nd quarter of 2015, compared with the 1st quarter of 2015, Gross Domestic Product (GDP) value (seasonally adjusted data) increased by 1.2%, according to flash estimate of the Central Statistical Bureau (CSB).
Statistics Lithuania informs that in II quarter 2015 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 9 274.9 million at current prices.
The good days are coming to an end: as Lithuania's development level is rising and catching up with the EU's average rate, the EU's support after 2020 will probably decrease sharply, reports LETA/ELTA, referring to Vakaro zinios.
Latvian banks' lending policies are too passive, which hinders Latvia's economic growth, Economy Minister Dana Reizniece-Ozola (Greens/Farmers) said in an interview with LNT television channel today, cites LETA.
Lithuania is a tiger in the European zoo. The future looks bright for a country that chose a totally different path from Greece. Investors and entrepreneurs take note!