Loan

International Internet Magazine. Baltic States news & analytics Thursday, 18.12.2014, 15:26

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Amendments to Insolvency Law in Latvia postponed until March 1

Amendments to Insolvency Law in Latvia postponed until March 1

18.12.2014

Latvian Saeima passed amendments to the Insolvency Law in the final reading today, stipulating that the amendments will come into force on March 1, 2015, reports LETA.

Keyword tags: Financial Services, Latvia, Legislation, Loan, Real Estate



Estonia borrows 200 mln euros from EIB

Estonia borrows 200 mln euros from EIB

18.12.2014

Estonian Finance Minister Maris Lauri signed a loan agreement, according to which the European Investment Bank (EIB) will give the Estonian state a 200 million euro loan, LETA/Postimees Online reports.

Bigbank credit portfolio in Latvia increases by 2.2% in Q3

Bigbank credit portfolio in Latvia increases by 2.2% in Q3

17.12.2014

Latvian branch of the Estonian bank Bigbank increased its credit portfolio by 2.2% (EUR 6.4 million) in the third quarter of 2014 as compared to the second quarter, reports LETA.


Eesti Pank is setting 3 new requirements for housing loans from March

Eesti Pank is setting 3 new requirements for housing loans from March

17.12.2014

As of March 2015, Eesti Pank will be applying three requirements to commercial banks issuing housing loans as a precautionary step to decrease the risk of a credit boom in the future, Estonia's central bank announced, cites LETA.

Latvian Privatization Agency to pay EUR 77 mln and issue loan to EBRD

Latvian Privatization Agency to pay EUR 77 mln and issue loan to EBRD

15.12.2014

The government today approved the Privatization Agency's proposal to restructure Latvia's liabilities in regard to the European Bank for Reconstruction and Development, reports LETA.

15.12.2014

Housing affordability increases in Riga, but decreases in Vilnius and Tallinn in Q3

Swedbank housing affordability index (HAI) has slightly increased in Riga in the third quarter due to monthly salaries growing faster than house prices. However, due to the recently-amended insolvency law, the down payment for a mortgage loan has significantly grown, thus, affecting the housing affordability index, reports LETA.

08.12.2014

Total amount of quick loans in Latvia plunges in 2014

The total amount of the so-called "quick loans" has decreased significantly – by one-third during the past twelve months, reports LETA, referring to Latvian State Television.

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