Financial Services

International Internet Magazine. Baltic States news & analytics Wednesday, 16.01.2019, 16:59

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JBIC invests EUR 40 mln in venture capital fund focusing on Baltic, Nordic region

JBIC invests EUR 40 mln in venture capital fund focusing on Baltic, Nordic region

16.01.2019

The Japan Bank for International Cooperation (JBIC) is to invest 40 million euros in the fund focusing on venture capital investments in the Nordic and Baltic region and early stage investments in technology companies, informed LETA/BNS.

Keyword tags: Baltic, Banks, Financial Services, Funds, Good for Business, Investments



1 in 7 pensioners at risk of poverty in the EU

1 in 7 pensioners at risk of poverty in the EU

15.01.2019

In 2017 the proportion of pensioners at risk of poverty in the European Union (EU) was estimated to be 14.2 %, slightly above the figure of 13.8 % in 2016. The rate has been rising gradually since 2013, when it was 12.6 %., informed Eurostat.

Estonia: Pro Kapital seeking to reduce company's finance costs

Estonia: Pro Kapital seeking to reduce company's finance costs

15.01.2019

The listed Estonian real estate developer Pro Kapital Grupp is starting investor meetings in order to reduce the company's finance costs, informed LETA/BNS.


Estonia: Over EUR 11 mln claimed in dental care benefits by December

Estonia: Over EUR 11 mln claimed in dental care benefits by December

15.01.2019

By December 2018, the adult dental care benefit was used by approximately 222,200 people in Estonia, the expenses compensated totaled over 11 mln euros.

Estonia's current account ran EUR 114 mln surplus in November

Estonia's current account ran EUR 114 mln surplus in November

15.01.2019

A flash estimate published by the Bank of Estonia on Friday puts the Estonian current account at 114 mln euros in surplus in November 2018, reported LETA/BNS.


15.01.2019

Microenterprises in Latvia failed to declare 35.6% of employees' wages in 2017 - Revenue Service

In 2017, enterprises paying the reduced microenterprise tax failed to declare an estimated 35.6 % of their employees’ wages, according to the State Revenue Service’s information writes LETA.

14.01.2019

Latvian households spend 10% of income on culture and entertainment

Latvian households on average in 2017 spent 9.9 percent of their income on culture and entertainment.This is 1.4 percentage points more than in Lithuania, and 1.7 percentage points more than in Estonia. according to Eurostat.

14.01.2019

Estonia: Linda Nektar enters into market making agreement with LHV

The listed Estonian beverage company Linda Nektar AS has entered into an agreement with AS LHV Pank to undertake market making in its shares, informed LETA/BNS.

14.01.2019

Bank of Latvia purchases securities worth EUR 7.423 bn under ECB's Public Sector Purchase Program

Under the European Central Bank's Public Sector Purchase Program (PSPP), the Bank of Latvia has purchased securities issued by the Latvian government and international organizations located in the euro area totaling EUR 7.423 bn by the end of 2018, Latvia's central bank announced today.

11.01.2019

Tight deadlines pose biggest risks to railroad electrification and Skanste tram line projects - Finance Ministry

he main risks to the electrification of Latvijas Dzelzcels railroads and construction of Skanste tram line by Rigas Satiksme public transport company are these projects' tight deadlines, Diana Rancane, head of the Finance Ministry's Department for Supervision of European Union Funds, told Saeima European Affairs Committee today referred LETA.

11.01.2019

Over 5,400 people have paid health insurance contributions so far

To date, over 5,400 people without state health insurance have voluntarily paid health insurance contributions, the total amount of which has exceeded EUR 783,000 the National Health Center’s representative Evija Stalberga told LETA.

11.01.2019

Danske Bank says may be investigated again in France

Danske Bank, which is embroiled in a major money laundering case linked to its Estonian branch, may come under formal investigation for a second time in France, Estonian public broadcaster ERR reports, citing Reuters.

09.01.2019

Debt of non-financial corporations in Lithuania has been growing at a faster pace than financial assets

The financial accounts data for Q3 2018 published today shows that at the end of Q3 2018, the financial assets of non-financial corporations amounted to €45.7 bn and were more than twice larger than their debt (€19.5 bn) informed Bank of Lithuania.

09.01.2019

Euro celebrates 20 years in the EU and 5 years in Latvia

Euro celebrates 5 years in Latvia and 20 years in the EU. Europeans are feeling strength, convenience and stability of the common currency. Global community acknowledged euro as a reliable international currency: it is part of an SDR’s basket with the US$, the UK pound and the Japanese yen. But euro is only a part –though important –in a national growth; sound economic policies, which are in the hands of politicians, are key issues.

09.01.2019

Estonian govt to give EUR 342 mln to schools via support fund

The Estonian government is about on Thursday to approve the allocation under the 2019 state budget of money from the municipalities' support fund for the operation of general education schools in the amount of 342 mln euros, informed LETA/BNS.

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