International Internet Magazine. Baltic States news & analytics
Tuesday, 13.10.2015, 16:36
The CMU aims to mobilise capital in Europe and channel it to all companies, including SMEs. Besides, CMU will boost investor confidence and offer them additional opportunities to save for the long term. Finally, it will deepen financial integration and increase competition.
Keyword tags: EU – Baltic States, Financial Services, Funds, Good for Business, Investments, Legislation, Markets and Companies
President Dalia Grybauskaite attended the inauguration of the Nasdaq technology and business support competence center as well as a new office of the stock exchange Nasdaq Vilnius and the Lithuanian Central Securities Depository in Vilnius, reported BC presidential press service.
Following an audit of projects funded by the State Culture Capital Foundation in 2014 and 2015 and implemented by the Latvian Literature Center (LLC), the Culture Capital Foundation has determined that a total of EUR 73,761.16 was missing from the LLC accounts, as the Culture Capital Foundation's representative Jana Verdina informed LETA.
Estonian Economy and Infrastructure Minister Kristen Michal gave approval to three projects to be submitted to the Connecting Europe Facility (CEF) energy applications round: Balticconnector gas pipeline, Karksi compressor station and Paldiski liquefied natural gas (LNG) terminal, LETA/Postimees Online reports.
Government of Latvia today agreed on allotting EUR 150,000 from the emergency funds to various initiatives to help Syrian refugees and to foster cooperation with African countries in order to prevent the main causes of migration, informs LETA.
Business in Latvia has found ways to adapt to the uneasy situation in the world; the results of 2014 are to be regarded as "positive zero", concluded experts of the conference "Business Strategy 2016".
The European Investment Bank (EIB) and World Bank (WB) yesterday signed an agreement under EU guarantee that aims to facilitate the purchase of gas by Ukraine’s national gas company, NJSC Naftogaz.
The European Central Bank (ECB) feels it is too early to start discussing a new round of monetary policy easing, according to ECB executive board member Benoit Coeure on October 12th, cites LETA/AFP.
The prosecutor's office in Latvia has recognized 263 persons as victims in the Zolitude tragedy case, informs LETA.
While the governing Estonian party, the Reform Party received 50,169 euros as donations in the third quarter, and the Social Democratic Party received 51,381 euros, the biggest opposition party, the Centre Party succeeded in collecting donations of 13,634 euros, of which as many as three-quarters or more than 10,000 euros came from wallets of Tallinn city officials, LETA/Postimees Online reports.
The Commission announced establishing the EU’s capital market union (CMU) by 2019. CMU’s idea is to help businesses grasping more diverse sources of capital within the EU. It would also make markets work more efficiently and offer investors and savers additional opportunities to use their money for enhanced growth while creating employment.
World-leading brand valuation and strategy consultancy – Brand Finance – makes analysis on nation-branding to make decisions in maximizing brand and business value and bridge the gap between marketing and finance. The three Baltic States’ brands (out of 100 countries) in 2015 are the following: Lithuania – 63, Latvia –75 and Estonia – 85.
City of Riga Vidzeme District Court has received a notice confirming that the EUR 400,000 bail bond has been posted for the release of Latvijas Dzelzcels former CEO Ugis Magonis, as the court informed LETA.
The European Commission intends through public consultations identify key measures to re-launch Common Consolidated Corporate Tax Base (CCCTB). The CCCTB main focus is on facilitating EU and third-country businesses, primarily those active in more than one EU state. It would reduce administrative burden and compliance costs for business; besides, the CCCTB would function as an effective tool against aggressive tax planning.
Statistics Lithuania informs that, after the revision of gross value added and employment indicators, labour productivity estimates were recalculated. In 2014, the value added per hour actually worked in the whole economy amounted to, on average, EUR 13.62 at current prices, which is by EUR 0.31 more than in 2013. The gross value added per person employed amounted to EUR 24 975.