Financial Services

International Internet Magazine. Baltic States news & analytics Sunday, 25.06.2017, 20:30

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Purchases by Klaipėda FEZ companies exceeded EUR 200 million in Lithuania

Purchases by Klaipėda FEZ companies exceeded EUR 200 million in Lithuania

22.06.2017

In 2016, investors operating in Klaipėda Free Economic Zone (FEZ) purchased goods and services for EUR 200,5 mln from Lithuanian suppliers, 1,9% more than a year ago. Last year was the first time when purchases by FEZ companies in Lithuania exceeded EUR 200 mln.

Keyword tags: Financial Services, Good for Business, Industry, Lithuania, Markets and Companies, Taxation



Nortal issued bonds for 15 million euro to boost expansion

Nortal issued bonds for 15 million euro to boost expansion

21.06.2017

The 15 million euro bond issue of Nortal, the multinational strategic change and technology company, which was fully subscribed by institutional renowned investors, will support the rapid growth of the business and be used for refinancing the existing obligations. Bonds were issued with five-year maturity and 5% coupon rate, Nortal announced.

Ventspils-based companies seek EUR 8.3 mln compensation for lost Nord Stream revenue

Ventspils-based companies seek EUR 8.3 mln compensation for lost Nord Stream revenue

21.06.2017

Two companies Ventspils-based companies - Noord Natie Ventspils Terminals and Baltijas Ekspresis - are asking the Cabinet of Ministers to compensate them for the revenue they have lost because of the government’s refusal to allow the Freeport of Ventspils to participate in Nord Stream 2 gas pipeline project, LETA was told at the Baltic Association – Transport and Logistics (BATL).


African, Asian, and European cities dominate the list of most expensive locations for working abroad

African, Asian, and European cities dominate the list of most expensive locations for working abroad

21.06.2017

In a rapidly changing world, mobility has become a core component of multinational organizations’ global talent strategy. To support the growing number of international assignees working in an increased number of locations, organizations are focusing on evaluating assignments from a cultural perspective, preparing for regional and lateral moves, and modifying compensation approaches to stay competitive. As organizations grapple with these challenges, they are working hard to accommodate the needs of their workforce and to support employees’ careers. According to Mercer’s 2017 Global Talent Trends Study, fair and competitive pay as well as opportunities for promotion are top priorities for employees this year – not surprising given the current climate of uncertainty and change.

Latvian insurance companies report EUR 1.13 mln in Q1 profit

Latvian insurance companies report EUR 1.13 mln in Q1 profit

20.06.2017

During the first quarter of this year, Latvian insurance companies generated EUR 1.131 mln in aggregate profit, which is 2,4 times more than in the same period last year, according to the data released by the Financial and Capital Market Commission (FCMC) writes LETA.


20.06.2017

Latvian State Police arrests cars and money of suspected insolvency administrators

The State Police has arrested three premium class cars and EUR 380,000 financial resources of the suspected insolvency administrators, reports LETA/BNS.

20.06.2017

Revenue of confectionery co Kalev up 6.9% to EUR 46.7 mln in 2016

The sales revenue of the Estonian confectionery maker Kalev owned by the Norwegian Orkla group increased by 6.9% to 46.7 mln euros in 2016, while profit for the same period surged 31.2% to 5.5 mln euros, reports LETA.

20.06.2017

Estonia to announce tender for procurement of automatic weapons

The Estonian Center for Defense Investment is about to announce a tender for the procurement of automatic weapons for the defense forces and other institutions of the state shortly.

20.06.2017

Latvia had EU's 2nd largest share of non-residents in structure of government debt in 2016

Last year, non-residents’ share in the structure of Latvia’s government debt was the second highest in the European Union (EU), with non-residents holding 72.4% of Latvia’s government debt, the latest Eurostat data shows.

20.06.2017

Ecofin: an account of recent activities in the financial sector

The Commission has reached a “principle deal” with the member states to restart EU’s securitisation markets and to strengthen funds for venture capital and social entrepreneurship. Commission presented to the member states’ finance ministers the Capital Markets Union mid-term review and expressed hope for a strong political support. Commission vice-president V. Dombrovskis presented these and other Ecofin actions.

19.06.2017

Bank of Lithuania: Prices driven by growing global prices, inflation to slow down in 2018

Prices in Lithuania are this year driven by global tendencies – growing prices for oil and food, analysts of the central Bank of Lithuania say, projecting a slow-down in the pace of inflation next year, writes LETA/BNS.

19.06.2017

Bank of Lithuania conducts banking sector cyber exercises

The Bank of Lithuania, at its own expense and using its own resources, is the first in the euro area to have conducted a cyber exercise to check the resilience of our country’s financial market participants – mainly banks – to cyberattacks.

16.06.2017

EUR 2.3 bln worth of EU co-financed projects approved in Latvia so far

By June 14 this year, the Latvian Central Finance and Contracting Agency has approved EU co-financed projects worth nearly EUR 2.3 bln which is equal to 52% of the total EU funding available to Latvia in the amount of EUR 4.4 bln, reports LETA.

16.06.2017

Estonia and Finland establish nonprofit for developing X-Road

Estonia and Finland have established a nonprofit association titled Nordic Institute for Interoperability Solutions (NIIS) to develop the X-Road data exchange layer in information systems, which allows databases and registers to communicate securely, reports LETA/BNS.

16.06.2017

Patients that do not pay taxes will be entitled to limited range of health care services in Latvia

After the Latvian health sector’s reform, those patients that do not make social security contributions will only be entitled to family physicians’ services, emergency care and treatment of some specific conditions, information released by the Health Ministry suggests LETA.

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