EU – Baltic States

International Internet Magazine. Baltic States news & analytics Sunday, 25.02.2018, 05:31

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ABLV Bank's fate will be decided by ECB

ABLV Bank's fate will be decided by ECB

24.02.2018

The fate of ABLV Bank will be decided by the decisions made by the European Central Bank, the chairman of the Financial and Capital Market Commission (FCMC) Peters Putnins said during a press conference today, cites LETA.

Keyword tags: Banks, EU – Baltic States, Financial Services, Latvia, Legislation



ECB: ABLV Bank will be liquidated in accordance with Latvian law

ECB: ABLV Bank will be liquidated in accordance with Latvian law

24.02.2018

On February 23, the European Central Bank (ECB) determined that ABLV Bank was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation, reports LETA.

Lithuanian hotels received by 8.9% more tourists in Q4

Lithuanian hotels received by 8.9% more tourists in Q4

23.02.2018

According to Statistics Lithuania, in IV quarter 2017, the country’s accommodation establishments received 607.4 thousand tourists, or by 8.9% more than IV quarter 2016. Compared to IV quarter 2016, the number of overnight stays grew by 7.5%. One guest stayed in an accommodation establishment for, on average, 2.2 nights.


Continental chooses Kaunas FEZ to expand its production

Continental chooses Kaunas FEZ to expand its production

23.02.2018

A record year for Kaunas Free Economic Zone has been capped with an outstanding achievement - attracting the global automotive giant Continental to establish a new plant. It is the largest FDI project in Lithuanian history.

Centric coming to Lithuania

Centric coming to Lithuania

23.02.2018

A Dutch information technologies company Centric is coming to Lithuania and has founded a subsidiary Centric IT Solutions Lithuania, reports LETA/BNS.


23.02.2018

Latvia's bank scandal highlights limits of Europe's banking supervision

A corruption scandal rocking Latvia underscores the limits of Europe's banking supervision and is likely to lead to reforms, experts said Thursday, informs AP/LETA.

23.02.2018

OECD: Latvian SMEs have good access to finance

In general, small and medium-sized enterprises (SMEs) in Latvia have good access to financing for growth, according to the latest annual report by the Organization for Economic Cooperation and Development (OECD), Financing SMEs and Entrepreneurs 2018: An OECD Scoreboard, reports LETA.

23.02.2018

Rujienas Saldejums to enter new sales markets in Europe, CIS in 2018

Latvian ice-cream maker Rujienas Saldejums in 2018 plans to enter altogether six new sales markets, said the company's CEO, Igors Miezis, cites LETA.

23.02.2018

Lithuanian MFA calls stalling of EU-Canada trade pact 'narrow-thinking'

Lithuanian Foreign Minister Linas Linkevicius criticizes the country's parliament for stalling discussions on the CETA trade pact between the EU and Canada, reports LETA/BNS.

22.02.2018

In 2017, Latvian unemployment rate fell to 8.7%

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 85.4 thousand people aged 15–74 were unemployed in 2017. Compared to 2016, the number of unemployed persons has dropped by 9.9 thousand or 10.4%. Last year, Latvian unemployment rate constituted 8.7%, which is 0.9 percentage points lower than in 2016. Unemployment rate among females still was lower than among males – 7.7% and 9.8%, respectively.

22.02.2018

In 2017, 62.9% Latvia’s population were employed

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 894.8 thousand people or 62.9% of Latvia population aged 15–74 were employed in 2017.

22.02.2018

Baltic Ground Services to earmark EUR 18 mln for expansion abroad

Baltic Ground Services (BGS), which is part of the Lithuanian-owned, Warsaw-listed aviation business group Avia Solutions Group, plans to allocate 18 million euros for reinforcing its position in foreign markets, reports LETA/BNS.

22.02.2018

Lithuania fails to improve its corruption perception ranking

Lithuania failed to improve its position in the latest Corruption Perception Index released by Transparency International on February 21st, cites LETA/BNS. Lithuania ranked 38th out of 180 countries surveyed in the annual index, unchanged from last year. This puts Lithuania ahead of Latvia, but behind Poland and Estonia.

22.02.2018

34 books of Latvian authors to be published in UK ahead of London Book Fair

To introduce British readers to Latvian literature, the English translations of 34 books by Latvian authors will be published in the UK ahead of this the London Book Fair, which this year will take place from April 10 to 12, Inga Bodnarjuka-Mrazauskas, the head of Latvian Literature platform, said at a news conference on February 21st, cites LETA.

22.02.2018

Botnica to start breaking ice in Gulf of Finland

The Estonian icebreaker Botnica is about to head to the sea area off the port of Sillamae on Wednesday to free the German freighter Neuland stuck in ice there, thus opening the icebreaking season in the Estonian portion of the Gulf of Finland, reports LETA/BNS.

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