International Internet Magazine. Baltic States news & analytics
Monday, 20.10.2014, 16:02
Monetary policy instruments are no magic solution or a "silver bullet" in dealing with the economic problems in the euro area, and it is crucial to observe budget discipline and implement structural reforms – this is the message that ran like a red thread of today's conference titled "Have We Learnt Anything from the Crisis?" and held by Latvijas Banka in Riga with the participation of the Eurosystem policy makers, representatives of international and national institutions and top scholars, reports the bank.
Keyword tags: Analytics, Economics, EU – Baltic States, Financial Services, Forum, Latvia
Based on preliminary unaudited data, in the first half of 2014, normalised earnings of state-owned enterprises (SOE) in Lithuania totalled LTL 262.8 million (EUR 76.1 million), by 1.2% more year-on-year, informs LETA/ELTA.
Russian investigators have come across capital outflow in the amount of more than one billion rubles (EUR 19 million), caused by money transfers to non-resident accounts in Latvian and Estonian banks, Russian Ministry of Interior reports.
The average gross wage in the Latvian national economy will in 2015 increase 4.5% at current prices, the Finance Ministry's experts predict, cites LETA.
The Creditors' Committee of Bank Snoras has chosen UAB Valnetas as the new bankruptcy administration company, reports LETA/ELTA.
State Culture Capital Foundation (SCCF) in the second stage of its culture program "Latvian Original Music" contest has distributed EUR 27,150, as Jana Verdina, spokeswoman of the SCCF, informed LETA.
The corporate debt was 3.3% larger at the end of the second quarter of the year 2014 than it was a year earlier, Estonia's central bank Eesti Pank said in a fresh review, cites LETA.
The Ministry of National Defence is procuring additional Javelin advanced medium range anti-tank guided missile systems for the value of USD 20 million to strengthen national defence capabilities and increase the Lithuanian Armed Forces' stock of medium-range anti-tank weaponry, reports LETA/ELTA.
The Nasdaq OMX Tallinn Stock Exchange fell on Thursday, October 16th 2014, in the midst of the global selling spree back to the year 2012, Äripäev.ee/LETA reports.
Yesterday, Saeima passed a bill on the management of companies that belong to the state or municipalities, according to which such companies will be permitted to set up councils of governors as of 2016.
Minister of Finance Rimantas Sadzius in Lithuania favourably assesses nine-month tax collection trends and says that the annual state revenue plan will most likely be fulfilled in 2014, informs LETA/ELTA.
Lithuania's long-term debt security interest rates in the secondary market reached record lows, and the euro adoption is one of the main reasons which drives the growing trust of the international financial market's participants in Lithuania, euro.lt reports.
The Estonian government allocated on Thursday to the Ministry of Agriculture 267,500 euros to prevent the spread of African swine fever, LETA/Public Broadcasting reports.
Latvian ice hockey club Riga ''Dinamo'' has finally found a general sponsor and the team's players have received their salaries, the club's chairman Juris Savickis told LETA.
Latvian Financial and Capital Market Commission approved new persons joining Management Board of Balta, leader of Latvian insurance market: Mr.Bogdan Benczak, who will be the new CEO of Balta, and Mr. Rafał Rybkowski – the new CFO.