Financial Services

International Internet Magazine. Baltic States news & analytics Friday, 30.09.2016, 02:49

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Rock Cafe Tallinn to open with new owner in charge

Rock Cafe Tallinn to open with new owner in charge

29.09.2016

A newly established company, RCM Invest OU, has taken over running the popular Tallinn concert venue Rock Cafe after the bankruptcy of the previous owner, RC Meelelahutuse OU, writes LETA/BNS.

Keyword tags: Culture, Estonia, Financial Services, Good for Business, Tourism



Estonian govt to leave unemployment insurance premium unchanged for 4 years

Estonian govt to leave unemployment insurance premium unchanged for 4 years

29.09.2016

The Estonian government is about on Thursday to endorse the rates of the unemployment insurance premium for the next four years unchanged at the present 2.4% combined, writes LETA/BNS.

Lithuania's 2017 budget planned with deficit of 0.6% of GDP

Lithuania's 2017 budget planned with deficit of 0.6% of GDP

29.09.2016

Lithuania's budget for 2017 is being planned with a small deficit that the European Commission is expected to approve if the country's new Labor Code and other social protection system changes are recognized as structural reforms, Finance Minister Rasa Budbergyte said.


Stability with a positive note

Stability with a positive note

28.09.2016

In August, a slow growth in the overall domestic loan portfolio was observed for a sixth consecutive month and the loan 12-month growth rate also remained in positive territory. With the funds in enterprise bank accounts on the rise, the balance of deposits attracted by banks also grew.

Land transport emerges as top payer of environmental charges in Estonia

Land transport emerges as top payer of environmental charges in Estonia

28.09.2016

Land transport emerged as the biggest payer of environmental fees in Estonia in 2014, when it went past households, Statistics Estonia said in its blog on Wednesday, cites LETA/BNS.


28.09.2016

Tapping into EU funds has been too slow in Estonia

he use of European Union funds by Estonia in the current budget period has been too slow, governor of the Bank of Estonia Ardo Hansson said on Wednesday, writes LETA/BNS.

27.09.2016

A14 Vilnius–Utena highway approved for EIB financing

A Public Private Partnership (PPP) project to reconstruct the A14 Vilnius-Utena highway has received approval from the European Investment Bank (EIB) and is set to receive financing from the European Fund for Strategic Investments (EFSI). The total sum of the loan is to be capped at EUR 40 million and will have a 12 year term, Invest Lithuania informs BC.

27.09.2016

4finance receives consumer credit license approval in Sweden

The non-bank lender 4finance announced on Monday that its Swedish subsidiary, 4finance AB, had received approval from the Finansinspektionen, the Swedish financial supervisory authority, for its consumer credit company license, writes LETA.

27.09.2016

Tallinn jumps 28 places to 50th in financial centers' index

he Estonian capital Tallinn rose 28 places to 50th in the rankings of the world's most competitive financial centers which is the second highest place among East European cities after Warsaw which placed 45th, it appears from the Global Financial Centers Index (GFCI) released by the think tank Z/Yen, writes LETA/BNS.

26.09.2016

Latvian banking sector makes EUR 341.8 million in aggregate profit in eight months

During the first eight months of 2016, the Latvian banking sector earned 341.806 million euros in aggregate profit, which is a 17.8 percent rise from the same period in 2015, the Latvian financial watchdog, the Financial and Capital Market Commission (FKTK), said LETA.

26.09.2016

Latvia’s ABLV Bank to issue bods for USD 75 mln, EUR 40 mln in late October

Latvia’s ABLV Bank in late October plans to issue two-year bonds for USD 75 mln, two-year bonds for EUR 20 mln, and ten-year subordinated bonds for EUR 20 mln, the bank said in its statement to the Nasdaq Riga stock exchange.

23.09.2016

Lithuania's Amber Grid to cancel tenders after Poland delayed GIPL project

After Poland postponed the end of implementation of the Gas Interconnector Poland-Lithuania (GIPL) gas pipeline by 2.5 years, Lithuania's gas transmission company Amber Grid will have to terminate the tenders of pipeline acquisition and gas pipeline construction before calling new ones, reports LETA.

23.09.2016

Latvijas Banka announces a Competition of Student Scientific Research Papers

To promote the research and analysis of Latvia's and euro area's macroeconomic issues by involving the most talented young economists in this work, Latvijas Banka announces the current Competition of Student Scientific Research Papers.

23.09.2016

Gender pay gap in Estonia grows by 1 ppt on year

According to a fresh study carried out by the consultation company Fontes, the wage gap between women and men has increased this year by 1 ppt compared with 2015, informs LETA/BNS.

23.09.2016

Lithuanian bankrupt Snoras bank's building in Tallinn sold for EUR 1.3 mln

An administrative building of Lithuania's bankrupt bank Snoras in Tallinn has been sold for 1.377 mln euros to Estonia's real estate investment company EE Estate Berlin Invest, writes LETA/BNS.

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