Latvia

International Internet Magazine. Baltic States news & analytics Saturday, 24.02.2018, 09:53

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FCMC decision could mean the beginning of liquidation process of ABLV Bank

FCMC decision could mean the beginning of liquidation process of ABLV Bank

24.02.2018

ABLV Bank has received the decision from the Council of the Financial and Capital Market Commission (FCMC).

Keyword tags: Banks, Crisis, Financial Services, Latvia, Legislation



FCMC adopts decision on unavailability of deposits at ABLV Bank

FCMC adopts decision on unavailability of deposits at ABLV Bank

24.02.2018

The Board of the Financial and Capital Market Commission (hereinafter – the FCMC) during an extraordinary meeting overnight adopted a decision on the occurrence of unavailability of deposits at ABLV Bank the FCMC informed LETA.

S&P Global affirms Latvia's credit rating at A-

S&P Global affirms Latvia's credit rating at A-

23.02.2018

International ratings agency S&P Global has affirmed Latvia’s credit rating at A-, leaving also the outlook on the rating positive, LETA was told at the Treasury.


Reconstruction of Riga TV Tower to cost several dozens millions euros

Reconstruction of Riga TV Tower to cost several dozens millions euros

23.02.2018

Reconstruction of Zakusala TV Tower will cost several dozens of millions of euros, Latvian State Radio and Television Center (Latvijas Valsts Radio un Televizijas Centrs, LVRTC) CEO Janis Bokta told LETA.

Latvia's bank scandal highlights limits of Europe's banking supervision

Latvia's bank scandal highlights limits of Europe's banking supervision

23.02.2018

A corruption scandal rocking Latvia underscores the limits of Europe's banking supervision and is likely to lead to reforms, experts said Thursday, informs AP/LETA.


23.02.2018

Latvian police starts probing money laundering allegations at ABLV Bank

The Latvian State Police has started a probe about possible money laundering schemes at ABLV Bank as suggested by a recent report of the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury.

23.02.2018

Latvian PM discusses government’s achievements and plans for the future with the international business community

Yesterday, February 21, Prime Minister Māris Kučinskis addressed more than 200 foreign investors and representatives of international community in Latvia at Radisson Blu Latvia Conference & SPA. Prime Minister gave his view on the growth of Latvian economy, touched upon the recent reforms and expected impact as well as outlined the steps taken to attract more investment, reports BC press service of AmCham.

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