International Internet Magazine. Baltic States news & analytics
Wednesday, 23.04.2014, 12:48
The European Bank for Reconstruction and Development (EBRD) made a decision this month to grant a loan to Estonian shale oil producer Viru Keemia Grupp (VKG), LETA/Public Broadcasting reports.
Keyword tags: Banks, Energy, Estonia, EU – Baltic States, Financial Services, Loan
A companies' awareness and satisfaction study commissioned by the Estonian state-owned foundation Kredex indicates that 64% of Estonian companies have used a loan to finance their activities while among exporting companies, 72% had used a loan, LETA/Postimees Online reports.
The Customer Protection Center in Latvia has ordered the joint-stock company Bigbank to halt unfair commercial practice and ordered Bigbank to alter the procedure for calculating interest applicable to agreements signed from December 2, 2008 to April 30, 2011, informs LETA.
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.
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.