International Internet Magazine Friday, 09.05.2008, 18:33
Bank of Latvia: Government must boost support for exports
09.05.2008In the current economic situation, the government must take measures promoting exports to strengthen Latvia's competitiveness on global markets, and further explain people the economic developments in the country, the Bank of Latvia believes.
Keyword tags: Analysis, Financial Services, Transport
SEB Bankas receives Global Finance award
09.05.2008The international business and financial markets magazine Global Finance has awarded the Lithuanian commercial bank SEB Bankas with the title of the "Best Bank in Lithuania 2008". In the Central and Eastern European review on the best banks in growing markets, SEB Bankas has been named the leader of the Lithuanian banking sector for the tenth consecutive year.
Keyword tags: Banks, Financial Services, Lithuania
Russia's SMP Bank acquires Latvian Multibanka
09.05.2008Russia's bank SMP Bank has acquired a controlling stake in Latvia's joint-stock Multibanka, as the newspaper Biznes & Baltija(B&B) reports today.
Keyword tags: Baltics – CIS, Banks, Financial Services
Lithuania"s official forex reserve up 3.8% in April 2008
09.05.2008In April 2008, Lithuania"s official foreign exchange reserve advanced 691.1 million litas (201.22 million euros) or 3.8% and stood at 16.3 billion litas (4.7 billion euros/ 7.3 billion US dollars) at the end of last month, the Bank of Lithuania reported.
Keyword tags: Analysis, Banks, Financial Services, Lithuania
Nordea Bank Lithuania will issue only chip-based payment cards
08.05.2008From the beginning of May 2008, Nordea Bank Lithuania for security reasons will issue only chip-based cards, the bank announced.
Keyword tags: Banks, Financial Services, Lithuania, Technology
Lithuanian pension funds total assets reached LTL 1.57 billion in first quarter of 2008
08.05.2008As of March 31, 2008, management companies in Lithuania were managing 26 second pillar pension funds (PFs) with the total assets worth LTL 1.573 billion, and a membership of 742,000, the Lithuanian Securities Commission announced.
Keyword tags: Analysis, Financial Services, Lithuania
Bank of Latvia's external reserves reached USD 6.517 billion
07.05.2008The Bank of Latvia's external reserves reached USD 6.517 billion at the end of April, as reported the central bank of Latvia.
Understanding Europe in Tough Times: pros and cons 
