Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 21.08.2017, 05:41

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6,100 Latvian families with children have used government support to buy housing

6,100 Latvian families with children have used government support to buy housing

18.08.2017

Development Finance Institution Altum (Altum) has so far granted over 6,100 loan guarantees under the government support program helping families with children buy their first housing, Altum representatives told LETA.

Keyword tags: Analytics, Financial Services, Latvia, Legislation, Loan, Real Estate



Lithuanian accused of swindling Facebook, Google handed over to US officials

Lithuanian accused of swindling Facebook, Google handed over to US officials

18.08.2017

Evaldas Rimasauskas, a Lithuanian national accused of defrauding the US-based IT giants Facebook and Google of over 100 million US dollars via an email fraud scheme, on August 16th was turned over to American officials, the Lithuanian Criminal Police Bureau confirmed to BNS/LETA.

Latvia's fiscal space now estimated at EUR 60 million in 2018

Latvia's fiscal space now estimated at EUR 60 million in 2018

18.08.2017

Latvia’s fiscal space for 2018 is now projected at an estimated EUR 60 million, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) told LETA.


Ergo profit in Baltics amounts to EUR 3.43 mln in H1

Ergo profit in Baltics amounts to EUR 3.43 mln in H1

18.08.2017

Insurance company Ergo operated with a profit of EUR 3.43 million in the Baltic countries during the first six months of this year, which is approximately 38% more than in the first half of 2016, the company's communications manager Agnese Grinberga told LETA.

Under existing law SRS cannot conclude agreement on using mediation in dispute with ss.lv

Under existing law SRS cannot conclude agreement on using mediation in dispute with ss.lv

18.08.2017

The existing laws do not allow the State Revenue Service to conclude an agreement on using mediation to resolve its dispute with SIA Internet, which operates Latvia’s largest classified advertisements website ss.lv, or with any other taxpayer, LETA was told at the Revenue Service’s PR department.


18.08.2017

Government endorses Estonia's financial report for 2016

The government has approved the financial report of the Estonian state for 2016, which offers an overview of the achievement of the goals set out in the state budget, the financial standing of the state, economic performance and cash flows, cites LETA/BNS.

18.08.2017

Fortum businesses top list of recipients of renewable energy subsidy in Estonia in July

Companies of Fortum Eesti group were the biggest recipients of renewable energy support and high-efficiency cogeneration support in Estonia in July 2017, receiving altogether 1.7 million euros, writes LETA.

17.08.2017

Only Estonia saw households' expenses rise in Baltics in July

The dynamics of average monthly household expenses was different in the three Baltic countries in July 2017, with downward movements compared with the preceding month registered in Latvia and Lithuania and a minor increase in Estonia, it appears froma survey by Baltic Market Insights (Baltmi), cites LETA/BNS.

17.08.2017

Lithuania's budget revenue EUR 154 mln above target in 7 months

Lithuania's central government and local authorities collected a total of 4.74 billion euros in budget revenue in January through July 2017, some 153.8 million euros, or 3.4%, more than planned, reports LETA/BNS.

17.08.2017

Latvian Police bust organized group illegally selling luxury cars

The Financial Police of the State Revenue Service in August 2017 busted an organized group that had been illegally selling luxury automobiles and household equipment, avoiding to pay more than EUR 2.8 million in value added tax (VAT), LETA was told at the Revenue Service.

17.08.2017

The Digital Freedom Festival and LatBAN announce an invitation to a startup competition

The Digital Freedom Festival, in cooperation with the association Latvian Business Angel Network (LatBAN), announces an invitation to pre-seed startups to submit applications for the November Investment Session. For the first time, the top 10 startups will have an opportunity to present their business ideas to Latvian and international business angels at the Digital Freedom Festival taking place on November 28. It is anticipated that the festival will welcome up to 1300 participants from the whole region, including investors, corporate executives and journalists, informed BC Digital Freedom Festival Press Secretary Inga Tauriņa.

17.08.2017

Latvian Railroad not to pay dividends from 2016 profit

Latvian state-owned Latvijas Dzelzcels (Latvian Railroad) railway company will not pay dividends into the state budget from the profit of 2016, but will spend its profit on infrastructure investment projects, the government decided on August 16th, cites LETA.

16.08.2017

Latvians need EUR 3,342 monthly to fulfill all dreams

The average monthly amount that a person living in Latvia needs to fulfill all one’s dreams is 3,342 euros, informs LETA, according to the poll conducted by SKDS pollster.

16.08.2017

Estonian Inbank earns EUR 5.7 mln profit in H1

Inbank, the financial services company that started operations in April 2015 and that has evolved from the Cofi financial technology startup established in 2011, earned a profit of 5.7 million euros in the first six months of this year, marking a 429.4% increase compared to the year before, reports LETA/BNS.

16.08.2017

Criminal gang detained in Latvia had swindled more than EUR 2 mln from China

The criminal gang detained in Latvia on August 14th had swindled more than EUR 2 million from residents of China, said Criminal Police chief Janis Lazdins in a press conference on August 15th, cites LETA.

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