Financial Services

International Internet Magazine. Baltic States news & analytics Thursday, 04.06.2020, 08:50

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Bank of Estonia: Future development in the economy will depend mainly on foreign markets

Bank of Estonia: Future development in the economy will depend mainly on foreign markets

03.06.2020

Data from Statistics Estonia show that Estonian GDP was 0.7% smaller in the first quarter than in the same quarter of last year, and seasonally adjusted was 3.7% less than in the fourth quarter of last year. The economic position in the first quarter only partly reflects the impact of the coronavirus and is more a consequence of earlier events.

Keyword tags: Banks, Direct Speech, Economics, Estonia, Financial Services, GDP



Estonia: Eesti Energia signs EUR 70 mln loan with EIB

Estonia: Eesti Energia signs EUR 70 mln loan with EIB

03.06.2020

Estonian state-owned energy group Eesti Energia has signed a new loan agreement with European Investment Bank (EIB) in the amount of 70 mln euros to finance investment into the roll-out of a passive fiber access network in Estonia, informed LETA/BNS.

E-invoice solution developed in Estonia to expand to 10 countries

E-invoice solution developed in Estonia to expand to 10 countries

03.06.2020

Estonian fintech company Fitek, together with its parent company Unifiedpost, is developing the e-invoicing service Invoice Gate, which was recently launched in Latvia and Lithuania and will expand to eight more countries in July 2020, informs LETA/BNS.


EBRD teaming up with top Fintech accelerator Startup Wise Guys

EBRD teaming up with top Fintech accelerator Startup Wise Guys

03.06.2020

EBRD and Startup Wise Guys start Fintech accelerator partnership. New companies from across EBRD regions invited to apply. Programme co-financed by TaiwanBusiness – EBRD Technical Cooperation Fund.

High-level Estonian decoration put up for auction in Finland

High-level Estonian decoration put up for auction in Finland

03.06.2020

One of the highest national decorations of Estonia, the Order of Merit of the Cross of Terra Mariana, Collar Class, has been put up for auction at Bukowskis auction house in Helsinki, Postimees reported on JUne 3rd, cites LETA/BNS.


03.06.2020

Idelsons: Banks in Latvia coping relatively well with Covid-19 crisis

Banks in Latvia have been coping relatively well with the crisis caused by the Covid-19 virus, as Signet Bank CEO Roberts Idelsons says in an interview with LETA.

03.06.2020

Number of corporate taxpayers in Latvia down 1.3% over year

At the beginning of June this year, there were 195,330 corporate taxpayers in Latvia, down 1.3 % from the same period a year ago, the State Revenue Service's statistics information referred LETA.

03.06.2020

SEB Banka grants grace period to nearly EUR 1,700 clients

Since the beginning of the Covid-19 emergency, SEB Banka has granted a grace period to nearly 1,700 borrowers, BC was told at the bank.

02.06.2020

EUR 600 mln redistributed among Latvian ministries

The Cabinet of Ministers on June 2nd in Latvia decided to redistribute EUR 600 million for different initiatives of ministries, including 103.2 million to be allocated for health care infrastructure projects, informs LETA.

02.06.2020

Latvijas Banka issuing a 2 euro commemorative coin "Latgalian Ceramics"

On Friday, 5 June, Latvijas Banka is issuing a 2 euro commemorative coin "Latgalian Ceramics", informed the bank in its press release.

02.06.2020

Estonian analyst: Coronavirus crisis above all crisis in public finances

The coronavirus crisis is predominantly a crisis in public finances, and the causes thereof lie partially in uncontrolled growth of health care and social expenditure stemming from demographic ageing, informs LETA, according to Hardo Pajula, professor of free economic though at Estonian Business School (EBS).

02.06.2020

Purgaile does not rule out FCMC taking over supervision of non-bank lending

The Financial and Capital Market Commission (FCMC) might take over the supervision of non-bank lenders from the Consumer Rights Protection Center in the future, FCMC chairperson Santa Purgaile said today in an interview to Latvian Radio.

02.06.2020

SEB banka issues EUR 16 million guarantee for construction of natural gas interconnection between Lithuania and Poland

SEB banka has issued a guarantee in the amount of EUR 16 million for the establishment of a natural gas interconnection between Lithuania and Poland, the bank informed BC.

01.06.2020

Coalition in Latvia earmarks EUR 2 bn for overcoming Covid-19 crisis

In the next couple of years EUR 2 billion will be made available for dealing with the Covid-19 crisis and fueling the economic recovery, Prime Minister of Latvia Krisjanis Karins (New Unity) told journalists following the weekly coalition meeting today., informs LETA.

01.06.2020

Latvian coalition agrees on EUR 32 mln allocation to culture

Coalition partners agreed today to allocate additional EUR 32 million to help Latvia's creative industries deal with the Covid-19 crisis, Culture Minister Nauris Puntulis (National Alliance) told journalists after the weekly coalition cooperation meeting, informs LETA.

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