International Internet Magazine. Baltic States news & analytics
Monday, 27.04.2015, 20:04
Bank cards issued in Estonia were used in 184 countries in the first quarter of this year, Estonia's central bank Eesti Pank said in its fresh overview, informs LETA.
Keyword tags: Baltic States – CIS, Banks, Estonia, EU – Baltic States, Financial Services
The Fiscal Council, an independent advisory body charged with assessing Estonian fiscal policy, recommended the state to compile a budget strategy, according to which the next year's government sector budget would be at least in balance, informs LETA.
Today the Council of Latvijas Banka approved amendments to the "Procedure for Participation in the Eurosystem Monetary Policy Operations Organised by Latvijas Banka" of 12 December 2013 (to take effect on 1 May 2015), reports BC bank’s press service.
Data of Lithuania's Ministry of Finance shows that the country's general government deficit in 2014 accounted for 0.7% of GDP and was by 1.9 percentage point smaller than in 2013, informs LETA/ELTA.
European ministers heaped pressure on Greece on April 24th 2015 to speed up negotiations to unblock critically needed bailout funds and avert a dangerous default, showing frustration after months of bogged down talks, reports LETA/AFP.
A comparison of household expenses in the capitals of the Baltic States shows that the residents of Riga have the highest cost of living, according to a study conducted by the Institute of Private Finances of Swedbank, cites LETA.
On 24 April, Lesto AB, Lithuania's power distribution network operator, via the Central Public Procurement Portal informed the long-term loan EUR 75 million tender, that was announced on November 20, 2014, bidders about the concluded evaluation and the winner of the tender, reports LETA/ELTA.
The Prosecutor General's Office in Latvia has not yet requested Saeima to allow MP Regina Locmele-Lunova be prosecuted, however, it is possible that she is involved in a EUR 3.6 million money laundering scheme which the Finance Police recently handed over to the Prosecutor's Office.
The total volume of loans and leases to Estonian companies and households was 3% larger in March 2015 than a year earlier; the loan and lease portfolio increased by 43 million euros during the month to 15.3 billion euros, Estonia's central bank Eesti Pank said in its fresh financial sector statistics, cites LETA.
In an interview to Latvian Radio, Finance Minister Janis Reirs (Unity) said that none of the EU's economic or finance ministers are thinking about the worst-case scenario in regard to the Greek financial problem, and are working so that Greece remains in the Eurozone, reports LETA.
Citadele Banka’s regulatory capital increased by approximately another 9 million euros additionally to the EUR 10 million invested in the bank’s capital by the EBRD and Citadele’s new shareholders. Thus the shareholders have increased Citadele Banka’s regulatory capital by almost EUR 19 million within a short time period, reported BC bank’s press service.
Following amendments to the Microenterprise Tax Law that Latvian Saeima passed in the final reading today, the microenterprise tax will be 9% during a three-year period after a microenterprise is established, informs LETA.
As the implementation of the project Support to the Civil Service Modernisation in the Republic of Moldova in Line with EU Best Practices of the EU Twinning Programme gathers momentum, an opening conference was held in Chisinau on 16 April 2015, reports LETA/ELTA.
Saeima in Latvian on April 23rd approved of the amendments in the first reading that stipulate higher excise tax rate on alcoholic beverages as of July 1, 2015, informs LETA.
The Finance Police have opened a criminal case and classified as a suspect in a tax evasion scheme dating back to 2010, Saeima deputy from the Harmony party – Regina Locmele-Lunova.