Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 18.12.2017, 07:05

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Bank of Latvia raises GDP growth forecast for 2017 to 4.7%

Bank of Latvia raises GDP growth forecast for 2017 to 4.7%

18.12.2017

The Bank of Latvia has raised the GDP growth forecast for this year to 4.7% from 4.2%, Bank of Latvia Governor Ilmars Rimsevics told journalists on December 16th, informs LETA.

Keyword tags: Analytics, Economics, Financial Services, GDP, Latvia, Markets and Companies



ECB doesn't find Lithuania's inflation alarming

ECB doesn't find Lithuania's inflation alarming

18.12.2017

The European Central Bank is not alarmed by the current inflation rate in Lithuania, as the increase of prices is easy to explain, says Vitas Vasiliauskas, chairman of the central Bank of Lithuania, cites LETA/BNS.

Health Insurance Fund in Estonia agrees about distribution of EUR 34 mln in extra funds

Health Insurance Fund in Estonia agrees about distribution of EUR 34 mln in extra funds

18.12.2017

The supervisory board of the Estonian Health Insurance Fund on December 15th agreed in principle on the fund's budget for 2018 and determined the areas of spending of the 34 million euros given additionally to the fund to finance healthcare expenses, reports LETA/BNS.


Riga adopts 2018 budget with EUR 48 mln deficit

Riga adopts 2018 budget with EUR 48 mln deficit

15.12.2017

The Riga City Council on December 15th finally adopted its 2018 budget with a EUR 48.28 million deficit, informs LETA.

European Structural and Investment Funds assist SMEs

European Structural and Investment Funds assist SMEs

15.12.2017

Numerous European funds play vital role in, generally, strengthening the EU Single Market, but also helping stats’ economies in supporting job creation and innovation. The number of EU-funded projects in the EU states doubled during last year.


15.12.2017

Citadele issues EUR 994,000 loan to Rigvir science center lab

Latvia’s Citadele bank has issued a EUR 994,000 loan to Rigvir holding company Latima for completion of science center laboratory, said Rigvir executive director Kristine Juckovica, cites LETA.

15.12.2017

Aggregate profit of Latvian credit unions down to EUR 327,000 in January-September

Latvian credit unions earned EUR 327,000 in aggregate profit in the first three quarters of 2017, down 19% from the respective period last year, the Financial and Capital Market Commission (FCMC) reported LETA.

15.12.2017

Latvian Saeima passes Healthcare Financing Law in the final reading

Saeima in Latvia passed the Healthcare Financing Law in the final reading yesterday, paving the way for the launch of a state mandatory health insurance system, reports LETA.

15.12.2017

Public sector in Estonia to fully transition to e-invoices in 2018

Even though the Estonian public sector's aim is to fully transition to using e-invoices in 2018, a large part of the public sector has yet to create the capability for accepting e-invoices, reports LETA/BNS.

15.12.2017

Rigas Udens gets EUR 5 mln loan from Swedbank for infrastructure development

Swedbank and Rigas Udens municipal water utility have signed an agreement on a EUR 5 million loan, the bank reported LETA.

15.12.2017

Ignalina NPP CEO suspected of abuse in asset auction probe

Lithuanian law-enforcement officials have brought formal suspicions against Darius Janulevicius, current CEO of the Ignalina Nuclear Power Plant (NPP), and another five persons, including Osvaldas Ciuksys, its former CEO, over a suspected non-transparent auction of the plant's assets worth over 1.5 million euros, reports LETA/BNS.

14.12.2017

Charges to be brought against 4 persons Rigas Satiksme "nanotechnology" case

The State Police has asked the prosecutor’s office to launch criminal prosecution against four persons in the so-called "nanotechnology" case of Rigas Satiksme municipal transport company, and the police believes these persons have caused loss worth EUR 700,000 to the company, the police reported LETA.

14.12.2017

Corruption watchdog asks to launch criminal prosecution in relation to forgery of documents during street repairs in Riga

The Latvian Corruption Prevention and Combating Bureau (KNAB) has sent a criminal case to the Prosecutor General’s Office, asking to launch criminal prosecution against six persons for forgery of documents during repairs of Krisjana Barona Street in Riga, KNAB reported LETA.

14.12.2017

Estonian Riigikogu adopts 2018 state budget

The Estonian parliament on Wednesday adopted the 2018 State Budget Act, according to which Estonia gets the first ever state budget exceeding 10 million euros in size, informs LETA/BNS.

14.12.2017

Revenue to Riga city budget to top EUR 900 mln in 2018 for first time in history

Revenue to the Riga city budget next year will top EUR 900 million for the first time in the history of the Latvian capital, and this is an excellent financial indicator, Riga Mayor Nils Usakovs (Harmony) said, cites LETA.

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