International Internet Magazine. Baltic States news & analytics
Tuesday, 27.09.2016, 04:55
The European Commission has approved 150 million euros in support for a 345-million-euro biomass and waste-fired cogeneration plant that the state energy group Lietuvos Energija (Lithuanian Energy) is building in Vilnius, reports LETA/BNS.
Keyword tags: Construction, Energy, Energy Market, EU – Baltic States, Funds, Good for Business, Lithuania, Loan, Markets and Companies
The city of Vilnius on Thursday signed a 25-mln-euro loan agreement with the European Investment Bank (EIB). This is the first 25-mln-euro tranche of a 50-mln-euro loan facility. The second tranche is expected to be signed next year, reports LETA/BNS.
- In the second quarter of 2016, soviet-era apartments were the most affordable type of apartment for Riga residents, while for Tallinn residents - apartments in new buildings, according to the latest SEB Housing Affordability Index (HAI).
The loan and lease portfolio continued to increase relatively quickly in July, growing by 5% over the year.The average interest rate on loans has risen slightly in recent months.The volume of deposits was 7.3% larger in July than a year earlier
Borrowers in Latvia have become more knowledgeable and responsible, taking their time to study interest rates and sometimes spending several weeks to consider loan offers before actually taking a consumer loan, according to a survey carried out by DNB Banka.
The Vilnius municipality intends to borrow up to 50 mln euros from the European Investment Bank (EIB) for refinancing earlier loans and investment projects, Mayor Remigijus Simasius told BNS/LETA.
As the Euribor rate has been declining in the past months, Estonian banks have been forced to raise interest rates of new housing loans to keep their profits and the average interest rate rose also in July, reports LETA/BNS.