International Internet Magazine. Baltic States news & analytics
Sunday, 20.04.2014, 06:12
Even though Latvia's growth remains strong and the country's macroeconomic situation is good, the slow pace of some important reforms lead to some concerns, the head of the European Commission and European Central Bank's post-program monitoring mission head Christian Weise said after a meeting with Prime Minister Laimdota Straujuma (Unity) today, informs LETA.
Keyword tags: Analytics, Education and Science, EU – Baltic States, Financial Services, Latvia, Legislation, Loan
Today, Latvia paid off ten-year eurobonds worth EUR 400 million, LETA learned from the State Treasury.
Danske Bank has issued a EUR 9.2 million loan to Latvian cheese producer and exporter – joint-stock Preilu siers, informs LETA/Nozare.lv.
The banking sector's total loan portfolio in Latvia decreased by 0.5% in February, reports LETA, referring to the Financial and Capital Market Commission.
Latvian largest network of pawnshops SIA ExpressCredit that works with brand Lombards24.lv has completed bond issue, thereby attracting 5 million euros for development of the business of the company. In general, 5000 bonds were issued with an original nominal value of 1000 euros, informed BC Agris Evertovskis, chairman of the Board at SIA ExpressCredit.
In terms of the number of companies which received financing from Citadele Bank last year, the largest number of enterprises came from the agricultural and retail sectors, while in terms of the amount of financing, industrial and agricultural companies were at the top of the list, reported BC head of corporate communications at Citadele Bank Zane Udrase.
In 2013, 62 credit unions in the country issued loans for LTL 56.5 million (EUR 16.4 million) for land purchases. Agricultural loans in their loan portfolios increased by 25.7%, the Lithuanian Central Credit Union said, cites LETA/ELTA.