Financial Services

International Internet Magazine. Baltic States news & analytics Friday, 25.05.2018, 23:30

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Latvia has largest number of luxury properties in Baltics

Latvia has largest number of luxury properties in Baltics

25.05.2018

Latvia has the largest number of luxury properties among the Baltic states, according to the Ria.com Marketplace real estate portal, cites LETA.

Keyword tags: Baltic, Financial Services, Real Estate



NIB, LHV launch EUR 20 mln program to finance SMEs in Estonia

NIB, LHV launch EUR 20 mln program to finance SMEs in Estonia

25.05.2018

The Nordic Investment Bank (NIB) and Estonia's AS LHV Pank have signed an agreement to launch a 20 million euro loan program for onlending to small and medium-sized enterprises (SMEs) in Estonia, informs LETA/BNS.

IMF describes wage pressure as biggest threat for Estonia's outlook

IMF describes wage pressure as biggest threat for Estonia's outlook

25.05.2018

The International Monetary Fund (IMF) finds that the outlook for the Estonian economy is positive and growth will continue in the medium term at close to 3.5%, whereas the main risk for the outlook is wage pressure which is not accompanied by growth in productivity, informs LETA/BNS.


Taxicab services providers in Latvia held for avoiding to pay EUR 0.57 mln in taxes

Taxicab services providers in Latvia held for avoiding to pay EUR 0.57 mln in taxes

25.05.2018

A group of taxicab services providers have been detained for tax evasion in Latvia, LETA was told at the State Police.

Estonian police support Ukrainian colleagues in many fields

Estonian police support Ukrainian colleagues in many fields

25.05.2018

Estonia has been providing support to the law enforcement agencies of Ukraine already for many years, spokespeople for the Estonian Police and Border Guard Board have said, cites LETA/BNS.


24.05.2018

Lietuvos bankas: building reserves necessary during economic upturn

There's a good time for further building financial reserves as Lithuania's residents and businesses are getting stronger financially, the level of credit is growing and Lithuania's is enjoying an economic upturn, the Bank of Lithuania's chairman Vitas Vasiliauskas says, cites LETA/BNS.

24.05.2018

New concert hall in Riga expected to cost an estimated EUR 100 mln

Construction of a new acoustic concert hall in Riga would cost an estimated EUR 100 million, Latvian Culture Minister Dace Melbarde (National Alliance) said in an interview published in Ir magazine, cites LETA.

24.05.2018

EU Commission released its recommendations to Baltic States

The European Commission recommends that Lithuania improve tax collection, the quality of the education system and the tax and benefit system. The tax burden for low income earners in Latvia has been reduced, but still remains relatively high compared to other EU member states, European Commission Vice President Valdis Dombrovskis said during a press conference, informs LETA.

24.05.2018

Portfolio of non-bank loans in Latvia grows 16% in 2017

The aggregate loan portfolio of non-bank lenders in Latvia reached EUR 612.21 million last year, growing 16% compared to 2016, according to the report about the non-bank consumer loan market in 2017 prepared by the Center for Protection of Consumer Rights (PTAC), reports LETA.

24.05.2018

Kopli Lines development in Tallinn may cost over EUR 100 mln

Representatives of the company OU Fund Ehitus and the City of Tallinn on Wednesday laid the cornerstone of the Kopli Lines new development on the Kopli peninsula in Tallinn and according to CEO of Fund Ehitus Eiki Rump, the development of the entire area may cost at least 100 million euros., informs LETA/BNS.

23.05.2018

Fixed part of mandatory purchase component of electricity price to decrease by 27% in Latvia

As of July 1, the fixed part of the mandatory purchase component (MPC) of the electricity price will decrease by 27%, LETA was told at the Public Utilities Commission (regulator).

23.05.2018

Latvia stands for safeguarding special status of Neighborhood Policy for financing external action

On May 22nd, Foreign Ministry Parliamentary Secretary Zanda Kalnina-Lukasevica, took part in the meeting of the European Union (EU) Foreign Affairs Council on development cooperation, which followed a discussion in the trade ministers’ format, informs LETA.

23.05.2018

In Q1, 63.5% Latvia’s population were employed

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 898.0 thousand people or 63.5% of Latvia population aged 15–74 were employed in the 1st quarter of 2018. Over the year, employment rate grew by 1.9 percentage points and number of employed persons by 15.5 thousand. Compared to the previous quarter, employment rate fell by 0.2 percentage points and number of employed persons by 4.2 thousand.

22.05.2018

IMF: Lithuania should moderate increase the minimum wage

The International Monetary Fund (IMF) has called on Lithuania to approach further minimum wage increases with caution and to maintain a moderate ratio of the minimum wage to the average salary, informs LETA/BNS.

22.05.2018

Latvian banks report EUR 90.6 mln in aggregate Q1 profit

During the first quarter of this year, the Latvian banking sector generated EUR 90.663 million aggregate profit, down 13% from the same period a year ago, writes LETA, according to the data released by the Financial and Capital Market Commission (FCMC).

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