International Internet Magazine. Baltic States news & analytics
Tuesday, 28.04.2015, 22:47
Following the major blaze at the Riga Circus complex in downtown Riga, and the shock and time period needed to come to grips with it, Riga Circus management now estimates it will be at full throttle again by early July 2015, reports LETA.
Keyword tags: Financial Services, Insurance, Latvia, Markets and Companies, Real Estate
The total earnings of the insurance company Ergo in the Baltic States reached EUR 5.15 million in 2014. Ergo invested a significant amount funding into reviewing its IT strategy, which caused EUR 1.99 million losses for the company, reports LETA, according to Ergo.
In 2014, insurance undertakings registered in Lithuania, according to unaudited data, earned EUR 24.1 million (LTL 83.2 million) of profits, a year-on-year increase of 36%, writes LETA/ELTA.
The insurance company Gjensidige Baltic has decided to pay an insurance indemnity to Riga Circus in the amount of EUR 7,200 for the losses it suffered during the recent fire, Gjensidige Baltic announced, cites LETA.
The Riga Circus has calculated the amount of losses caused by the recent fire, estimating up to EUR 35,000, the circus' manager Lolita Lipinska informed LETA.
Social security contributions amounting to EUR 41.4 billion have been paid to the State Social Insurance Fund (Sodra) since its establishment, whereas Sodra has paid out EUR 44.9 billion in benefits, reports LETA/ELTA.
The insurance company Baltikums operated with a EUR 743,057 profit last year; in 2013 the company suffered losses in the amount of EUR 2.1 million, reports LETA, according to Baltikums financial statement.