Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 25.03.2019, 00:18

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Corporate tax in EU- eliminating loopholes

Corporate tax in EU- eliminating loopholes

22.03.2019

New rules on common corporate tax in the EU entered into force this year. The idea is to eliminate some loopholes in corporate entities, which are avoiding paying taxes. As a rule, corporate taxation is within the domain of the member states. This time the EU institutions took the initiative in order to reduce tax evasion.

Keyword tags: EU – Baltic States, Financial Services, Modern EU, Taxation



Situation on Latvian roads this year is the worst one in past five or ten years

Situation on Latvian roads this year is the worst one in past five or ten years

22.03.2019

The situation on Latvia roads is the worst one in the past five or ten years, said non-risk insurer Balta, citing the company’s data on damages to cars due to poor quality roads, reported LETA/BNS.

Ministry: Estonia could borrow up to EUR 200 mln a year

Ministry: Estonia could borrow up to EUR 200 mln a year

22.03.2019

After changing the State Budget Act, the Estonian state could borrow up to 200 million euros every year, but the economy doesn't need that money now, Sven Kirsipuu, head of the fiscal policy department at the Ministry of Finance, says LETA/BNS.


“Cimmerian Summer” in Rietumu

“Cimmerian Summer” in Rietumu

21.03.2019

An exhibition named the “Cimmerian Summer” of the Latvian painter Nikolajs Djomins has opened in Rietumu Bank’s Gallery.

Baltic International Bank Implements Open Banking and Sandbox

Baltic International Bank Implements Open Banking and Sandbox

21.03.2019

According to a revised Payment Services Directive (known as PSD2) adopted by the European Parliament, Baltic International Bank offers its API sandbox solution for Open Banking.


21.03.2019

Four out of Latvia's seven tax regimes do not provide for social protection - Reirs

There are currently seven tax regimes in use in Latvia, of which four do not provide for the taxpayers’ social protection, which is why the system should be revised, Finance Minister Janis Reirs (New Unity) said in an interview to LETA.

20.03.2019

Director denies Latvian Investment and Development Agency’s involvement in EU funds fraud

Andris Ozols, director of the Latvian Investment and Development Agency, has denied Economics Minister Ralfs Nemiro’s (KPV LV) claim that the agency was involved in defrauding an EU fund of money, while police are not giving more details about the case, informed LETA/BNS.

20.03.2019

AST transmission operator gets EUR 57.7 million co-funding for Baltic synchronization project

Augstsprieguma Tikls (AST) power transmission operator has signed an agreement with the Innovation and Networks Executive Agency (INEA) on a EUR 57.75 mln co-funding for the first phase of the Baltic power grids’ synchronization with the continental European system, AST representative Aija Ikstena told LETA.

20.03.2019

2020 budget will not be patched with tax changes – Reirs

It is not yet clear where to get resources for the government priority measures in the 2020 budget, but it is clear that sudden tax changes will not be used, said Finance Minister Janis Reirs (New Unity) in an interview with LETA.

19.03.2019

Alternative lending in Baltics is taking market share from traditional banks and credit unions

In the ever-growing European alternative finance market, Lithuania - together with other Baltic countries - shows peculiarly favourable results among the crowdlending operators.

19.03.2019

Luminor raises Lithuania's GDP growth forecasts

Luminor, one of Lithuania's biggest banks, on Tuesday raised its forecasts for the country's GDP growth to 3% in 2019 and 2.8% in 2020, informed LETA/BNS.

19.03.2019

Number of banks is too big for Latvia’s market - Putnins

The number of banks for the local market is too big, said Finance and Capital Market Commission’s (FKTK) chairman Peters Putnins in an interview with the Latvian public television referred LETA.

18.03.2019

Last year saw the highest remuneration rise in post-crisis period

According to data published by the Central Statistical Bureau, the average gross wage for full-time job grew by 8.4%, reaching 1004 euro in Latvia in 2018, and is close to the forecasts of the Macroeconomic Developments Report of December.

18.03.2019

UK-owned Earthport Payment Services gets license in Lithuania

The Board of the Bank of Lithuania has issued a payment institution licence to Earthport Payment Services, UAB, informed Bank of Lithuania.

18.03.2019

Eesti Energia gets almost half of Estonian renewable energy subsidy in February

Estonian transmission system operator (TSO) Elering paid out altogether 8.9 million euros in renewable energy support and high-efficiency cogeneration support in February, almost half of which went to Eesti Energia group subsidiaries Enefit Green and Nelja Energia, informed LETA/BNS.

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