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Sunday, 24.05.2015, 20:04
The Estonian Krediidipank informed that the group's profit in the first quarter of this year amounted to nearly 720,000 euros while in the first quarter last year, the banking group had a loss of nearly 90,000 euros, reports LETA.
Keyword tags: Banks, Estonia, Financial Services, Loan
Estonian state-owned power grid company Elering announced that it signed a financing agreement with the European Commission, according to which the European Union finances the construction of the third Estonian-Latvian electricity connection with 112 million euros, informs LETA.
A memorandum of understanding and loan agreement on macro-financial aid to Ukraine in the amount of EUR 1.8 billion was signed during the Eastern Partnership Summit in Riga today, reports LETA.
Greek Prime Minister Alexis Tsipras held "friendly and constructive" debt talks with the leaders of France and Germany on May 21st, but gave no sign of a breakthrough ahead of a crucial June deadline, writes AFP/LETA.
The Estonian government approved on Thursday the bill of amendments to labour market services and subsidies and other laws, which prescribes for employees with low incomes an annual tax refund, which should motivate people to work and should raise the income of people earning low wages, reports LETA the government communications unit.
The Tallinn city government decided to submit to the city council the first supplementary budget of 2015, which increases the city budget volume by nearly 34.5 euros million and allocates 5 million euros more to create the city's cooperative bank, Eesti Ühistupank, LETA/Public Broadcasting reports.
The Estonian government approved at its Thursday meeting the bill of amendments to the social tax law, the income tax law and other laws, which confirm a variety of changes, LETA/Postimees Online reports.
The Finance Ministry in Latvia has worked out a proposal for implementing a proportionate non-taxable minimum, stipulating gradual adoption by 2020, reports LETA.
The Estonian government today approved one of its main promises – an increase in child support, aimed to improve the coping of families with children, LETA/Public Broadcasting reports.
Latvia continued to see a reduction in the number of residents registered as living below the poverty line in April 2015, the Welfare Ministry informs LETA.
EU Member States will be able to receive larger advance payments for implementation of the Youth Employment Initiative
On 20 May in Strasbourg, acting on behalf of the Council of the European Union (EU), the Latvian Foreign Ministry’s Parliamentary State Secretary, Zanda Kalnina-Lukasevica, signed a regulation, which speeds up the absorption of EU funding under the EU’s Youth Employment Initiative, reports eu2015.lv.
Estonian economy and communications minister Kristen Michal confirmed today the dividend of state-owned ports operator AS Tallinna Sadam (Port of Tallinn) at 31.2 million euros, to which income tax expense in the amount of 7.8 million euros is added, LETA/Delfi Ärileht reports.
In an interview on this morning's edition of the "Latvijas Neatkariga televizija" (LNT) news program "900 Seconds", the head of state-owned road maintenance company Latvijas Valsts celi (Latvian State Roads) Janis Lange said that the construction quality of Latvia's roads is improving, reports LETA.
According to the Ministry of Finance, the Estonian state budget collected revenue of 2.63 billion euros in the first four months of the year 2015; this is 31.1% of the total amount planned in the budget, LETA/Postimees Online reports.
Compared with the most developed countries, Latvian business leaders admit that the level of corruption in Latvia's economic environment is significantly higher. Hence, 55% of Latvian business leaders agree with the statement that corruption in Latvia is very common, as compared with 35% in the most developed economies, according to the latest EY (former Ernst&Young) survey on fraud and corruption "Fraud and Corruption – The Easy Option for Growth?", informs LETA.