International Internet Magazine. Baltic States news & analytics
Wednesday, 19.06.2013, 23:29
Lithuania-based oil company Klaipedos Nafta announced that the Special Plan for Construction of the Liquefied Natural Gas Terminal, Related Infrastructure and Gas Pipeline was approved by the Order of the Energy Minister of the Republic of Lithuania, dated June 13, 2013, informed LETA the company.
Keyword tags: Energy, EU – Baltic States, Financial Services, Gas, Legislation, Lithuania, Loan
Lithuania's commercial banks do not expect that loans for households and businesses would increase in the near future, though the amount of deposits beats a record, informs LETA/ELTA, referring to Lietuvos zinios.
The Estonian government approved on Thursday of a bill that extends the repayment deadline of the up to 37 million euros loan granted to national carrier Estonian Air from the government's ownership reform reserve fund means, LETA/Postimees Online reports.
The Bank of Lithuania states that in 2012 the loan portfolio increased by more than 1% or LTL 17 million (EUR 5 million), banks were more in favour of borrowing, reports LETA, referring to Respublika.
Worsened situation in municipalities, unbalanced credit unions threatens Lithuania's financial system12.06.2013
Lithuania's financial system is enough resilient to big and unexpected shocks. On the other hand, credit unions must strengthen their capability to withstand potential risks, says the Bank of Lithuania in its latest Financial Stability Report. The two possible challenges to the country's financial system are the worsening financial situation of municipalities and unbalanced activities of credit unions, writes LETA/ELTA.
KPMG Baltics, the administrator of the bankrupt Latvijas Krajbanka, has sold part of the bank's loan portfolio to B2Kapital, a Latvian subsidiary of Norwegian company B2Holding, informs LETA/Nozare.lv.
The experience of Latvia and other European countries shows that observing financial discipline pays off, while living on credit does not, Prime Minister Valdis Dombrovskis (Unity) said today at an international conference on fiscal policy prospects in Latvia and European Union, informs LETA.