International Internet Magazine. Baltic States news & analytics
Monday, 05.12.2016, 06:27
Yesterday, at the SPEAR’S Russia Wealth Management awards ceremony, the prize for the nomination of ‘Best Private Bank in the CIS and Baltic States’ was awarded to Rietumu Bank. Within the competition’s framework, its authoritative and professional jury selected the best representatives from private banking industry, wealth management, and related industries.
Keyword tags: Baltic States – CIS, Banks, EU – CIS, Financial Services, Good for Business, Latvia, Russia
With its accounts being frozen by a court, Vilniaus Energija (Vilnius Energy), a local district heating supplier controlled by France's Veolia, is not paying Danpower Baltic, a German-Lithuanian joint venture, for the heat energy its has produced, reported LETA/BNS.
he State Police's Economic Crime Prevention Department continues the investigation launched from the materials received from the Financial Capital and Market Commission into possible violations carried out by joint-stock PrivatBank, which includes possible money laundering, informed LETA.
Latvia’s Grindex pharmaceutical company plans to invest up to EUR 4 mln in development next year, the company reported to Nasdaq Riga stock exchange.
VIA SMS Group non-bank lender has launched a peer-to-peer lending platform, Viainvest, reports LETA.
The largest jackpot in Latvia's lottery history was won on November 30, the head of Latvijas Loto marketing department Aiga Rozina told LETA.
Criminals have illegally copied the data of payment cards issued by 12 banks in Latvia, Zanda Brivule-Jansone, CEO of First Data Latvia payment card center, told LETA.
During a follow-up public offering of Baltic Horizon Fund, a recently listed closed-end real estate fund, investors subscribed units worth 20.6 million euros and the fund has decided to allocate each investor all units they subscribed for.
Rietumu Bank’s new 2017 desktop calendar has been released. The cross-cutting theme of this calendar is charity. The twelve stories on its pages cover projects, facilities, or simply good deeds which have been supported by Rietumu Bank or its Charity Fund, Rietumu banka representative said BC.
Estonian commercial real estate fund manager Eften Capital in 2016 invested 140 million euros in commercial properties, reports LETA/BNS.
The Latvian beverage producer Cido Grupa has launched juice exports to the United Arab Emirates this year, thus expanding the assortment of products which is being exported to this region, the company's spokeswoman Inese Lielpinka told LETA.
Latvia's Rietumu Banka closed the third quarter of this year with a profit of EUR 78.89 mln, according to the bank's interim financial statements submitted to the Nasdaq Riga stock exchange.
The introduction of recommendations of independent testing will raise the operating standards and international competitiveness of Latvia’s banks
In recent years, Latvia’s banks have made significant investments for the prevention of money laundering by improving training and increasing staff numbers as well as developing and improving IT software. The banks are constantly improving their operating standards and international competitiveness. Now, thanks to working with the consultants they have also gained US best practice and experience, Association of Latvian Commercial Banks representative told BC.
The Defense Ministry and Latvian farming businesses and food companies today signed a cooperation agreement about continuous supply of high-quality products meeting environmental standards to the Latvian Armed Forces, writes LETA.