Financial Services

International Internet Magazine. Baltic States news & analytics Sunday, 26.02.2017, 07:33

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Rietumu Bank will present its opportunities at the Middle East Grain Congress in Dubai

Rietumu Bank will present its opportunities at the Middle East Grain Congress in Dubai

24.02.2017

On Saturday, the Third International Conference dedicated to the world trade in grains will start in Dubai. Rietumu Bank representatives will participate in panel discussions. Within the framework of the conference, the largest exhibition of food industry of the Persian Gulf will be held - Gulfood 2017

Keyword tags: Banks, Financial Services, Foodstuff, Forum, Latvia, Markets and Companies



Lithuanian bank plans no basic payment services basket for banks' business clients

Lithuanian bank plans no basic payment services basket for banks' business clients

24.02.2017

The Lithuanian central bank does not plan to require that banks offer a basket of basic payment services at a regulated fee to their business customers, the daily Lietuvos Zinios reported on Friday.

Rietumu Has Started Cooperation with the Leading German Platform for Placement of Deposits

Rietumu Has Started Cooperation with the Leading German Platform for Placement of Deposits

23.02.2017

Rietumu Bank started cooperating with ZINSPILOT – the Germany's largest platform for placement of deposits. Rietumu Bank is the first bank in Latvia to launch such FinTech project.


Pending tax reform in Latvia to be based on higher capital gains taxes and lower labor taxes

Pending tax reform in Latvia to be based on higher capital gains taxes and lower labor taxes

23.02.2017

A tax reform that is being planned for Latvia could be based on increasing capital gains tax and reducing labor taxes, reports LETA/BNS.

The amount the Kyrgyz Government owes to Valeri Belokon has increased by US$1.5 million

The amount the Kyrgyz Government owes to Valeri Belokon has increased by US$1.5 million

23.02.2017

The statement by the Kyrgyz Government that the Paris Court of Appeals has annulled the international arbitration award in favor of V. Belokon is not correct. International arbitration awards may not be appealed. In the two years since the handing down of the international arbitration award over the expropriation of Manas Bank the amount the Kyrgyz Government owes to Valeri Belokon has increased by US$1.5 mln and now totals US$17.78 mln, accordgin to information from Belokon Holdings.


22.02.2017

Israel-capital Blender entering Lithuania's p2p lending market

srael-capital company blender intends to join the Lithuanian peer-to-peer lending market after operating as provider of consumer credits in the country for six months, according to Verslo Zinios business daily writes LETA/BNS.

21.02.2017

Resident deposits at Latvian banks reach historically highest level in 2016

Resident deposits at Latvian banks increased by 12.6 percent or EUR 1.4 bln in 2016, reaching the historically highest level or EUR 12.2 bln at the end of the year, according to the Latvian financial regulator, the Finance and Capital Market Commission.

21.02.2017

Government considers suing Grindex shareholders over sale of the company's state-owned shares

The government considers taking two large shareholders of Latvia's Grindex pharmaceutical group to court for selling the company's state-owned shares, allegedly causing a EUR 2 mln loss to the state as a result.

21.02.2017

Latvian banks show higher profitability than EU average

Latvian banks' profitability figure is higher than in the European Union on average, Peteris Putnins, chairman of the Financial and Capital Market Commission (FCMC), said at a news conference today citing LETA.

20.02.2017

Bank of Lithuania to operate not only as heavy-handed demanding regulator

The absolute majority of financial market participants supervised by the Bank of Lithuania acknowledge that supervision by the central bank is effective, while the respondents assess highly the competence and behaviour of the supervisory staff – this is reflected in the results of the first survey of this kind. Market participants expect consultancy and assistance from the central bank, as well as quick response to inquiries and notifications, enhancement of submission of electronic documents.

20.02.2017

UPB and Re&Re the only construction companies that meet requirements for building Liepaja Prison

The only Latvian construction companies that at the moment meet the requirements on companies that want to apply for building a new prison in Liepaja are the joint-stock company UPB and Re&Re, both in terms of turnover and having the industrial security certificate, as LETA has found out.

20.02.2017

Estonian IT company Helmes wins software tender of OECD

The Estonian software company Helmes has won a framework tender for information systems development of the Organization for Economic Cooperation and Development, reports LETA/BNS.

20.02.2017

Renewable energy investments amount to EUR 70 mln in 2016

According to data of the Estonian Renewable Energy Association, new renewable electricity capacity added last year totaled 42.19 megawatts or approximately as much as in three preceding years combined, and investments in renewable energy amounted to 70 mln euros.

17.02.2017

Financing conditions are favourable for economic growth in Estonia

The availability of financing of companies is aided by good access to bank lending, low interest rates, and profits built up earlier Companies are borrowing more than before from Estonia, and less from abroad Growth in household loans accelerated in 2016, but remained slower than growth in incomes and savings. The loan portfolio to companies and households will grow by around 5% in the years ahead, which is about the same rate as nominal GDP

16.02.2017

9% increase in tax revenue from excise-duty for oil products 2016 in Latviar

EUR 465.75 mln in excise-duty from oil products sold in Latvia was collected last year, which is by EUR 37.43 mln or nine percent more than the previous year, according to information from the State Revenue Service writes LETA.

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