Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 16.07.2019, 18:04

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Bank of Lithuania together with central banks of Germany and Poland implemented EU Twinning Project in Belarus

Bank of Lithuania together with central banks of Germany and Poland implemented EU Twinning Project in Belarus

15.07.2019

The central banks of three EU countries – Lithuania, Poland and Germany successfully implemented the EU Twinning Project ‘Strengthening the National Bank of the Republic of Belarus’ during which they conveyed their experience to the National Bank of the Republic of Belarus. The closing conference held today in Minsk brought this 18-month project to a close and showcased its achievements.

Keyword tags: Baltic States – CIS, Banks, Financial Services, Lithuania



Luminor: Estonians least eager of Balts to take consumer loans

Luminor: Estonians least eager of Balts to take consumer loans

11.07.2019

Among residents of the Baltic states, Estonians have used the least consumer credit over the past two years, around 25% of people in Estonia have taken out a loan for consumption, while the figure in Latvia and Lithuania stands around one third, informed LETA/BNS.

“Identification” by Darya Kotlyarova at Rietumu Gallery

“Identification” by Darya Kotlyarova at Rietumu Gallery

09.07.2019

The “Identification” exhibition of the modern and talented Moscow painter Darya Kotlyarova has opened at Rietumu Bank gallery. The exposition presents her works created during the last five years and united in a single conceptional cycle.


Uniting finances and innovation: fintech hub in Lithuania with the EBRD’s support

Uniting finances and innovation: fintech hub in Lithuania with the EBRD’s support

09.07.2019

The idea of connecting fintech and innovation has been practically realised in the EBRD-Swedbank/Lithuania and Estonian accelerator’s partnership. It has been launched recently to develop a successful innovation hub that would foster technological solutions both in Lithuania and other two Baltic States using new financial instruments.

EU research budget for the last Horizon-2020 year

EU research budget for the last Horizon-2020 year

08.07.2019

The EU intends to spend the last annual tranche - €11 bn - of the Union’s research and innovation program in its final year. Horizon 2020, the EU's €77 billion research and innovation program for 2014-20, supported scientific excellence in the EU states and contributes to high-profile scientific breakthroughs. Perspectives for researchers in the next seven years are bright as well…


05.07.2019

Tallink borrows EUR 197.6 mln for acquisition of LNG powered ferry

Listed Estonian shipper AS Tallink Grupp has borrowed 197.6 million euros to finance the new 247-million-euro LNG powered fast ferry currently under construction at a shipyard of Rauma Marine Constructions Oy in Finland, reported LETA/BNS.

05.07.2019

Libra – a new global digital currency

Recent interest in crypto currencies around the world has prompted renewed interest in a new digital token, the Libra, as a “bitcoin”, which was initially introduced in 2008-09 and has become since a most widely used and accepted digital currency.

05.07.2019

FCMC head Putnins and his deputy Razane tender resignation letters

The Financial and Capital Market Commission’s (FCMC) chairman Peters Putnins and his deputy Gunta Razane tendered resignation letters today, Finance Minister Janis Reirs (New Unity) told LETA.

04.07.2019

Monese starts cooperation with PayPal

Monese, a mobile-only current account provider of Estonian origin, started cooperation with PayPal on Thursday, informed LETA/BNS.

04.07.2019

Latvian authorities have failed to prevent laundering of millions of US dollars - Hermitage Capital Management

Bill Browder, co-founder and head of the investment company Hermitage Capital Management, believes that the Latvian authorities have failed to prevent the laundering of millions of US dollars through banks registered in Latvia, according to a copy of Hermitage Capital Management's letter obtained by LETA.

03.07.2019

Liplat Holding to own 93% stake in Grindex after mandatory buyout

After the mandatory buyout bid, Liplat Holding will possess 92.81 percent of Grindex pharmaceutical company’s shares, a statement to Nasdaq Riga says.

03.07.2019

Estonian FSA bans offering of binary options to retail clients

With a board decision made on July 1, the Estonian Financial Supervision Authority (FSA) banned the offering of binary options to retail clients in Estonia, reported LETA/BNS.

02.07.2019

Corporate lending resumes growth in Latvia

In May, Latvia's domestic loan portfolio expanded for the third consecutive month: the monthly growth rate of loans reached 1.1%, a high since autumn 2017, while loans to non-financial corporations increased even faster (by 1.9%). Like in April, deposits only grew in the household sector, whereas corporate deposits and the total amount of deposits declined.

02.07.2019

SEB: Income of young people in Estonia increased steadily over past 3 yrs

A study carried out into the income of young people by SEB in the spring of 2019 indicates that the earnings of people aged 18 to 25 have been steadily increasing over the past three years, informed LETA/BNS.

02.07.2019

Lithuania's SEB to invest around EUR 40 mln into new IT platform

SEB, one of the largest commercial banks in Lithuania, plans to introduce a new IT platform, which is used by the banking group for the majority of services and business processes, in the first quarter of 2020.

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