International Internet Magazine. Baltic States news & analytics
Sunday, 30.04.2017, 16:05
The Nordic Investment Bank (NIB) and Lithuania’s company Klaipedos Nafta AB have signed a loan agreement totalling EUR 20.4 million with a 15-year tenor for the construction of a reloading station for liquefied natural gas (LNG) and the extension of an oil terminal in Klaipeda, Lithuania, NIB informed BC.
Keyword tags: Banks, Financial Services, Gas, Good for Business, Lithuania, Loan, Port, Transport
The alignment of growth in labour productivity and in wages improved in the second half of 2016 as growth accelerated in productivity and slowed a little in wages. Whether companies can improve their profitability as foreign demand recovers will depend on whether labour productivity grows further. People changed jobs more last year than they did the year before. Simultaneous increases in the number of vacancies and in unemployment indicate however that there is a worse match between labour and jobs.
Shareholders of Reverta (formerly Parex Bank) distressed asset manager will meet on May 29 to decide on a termination of the company’s operations, Reverta said in a statement to Nasdaq Riga.
The Estonian Tax and Customs Board has since Apr. 20 been using the Estonian Master Tariff System (EMTS), an information system developed by Cybernetica, which provides business operators with a simplified overview of the requirements to be complied with and taxes to be paid on the export and import of goods, reports LETA/BNS.
Latvia's Citadele Bank has signed an agreement for a long-term partnership with global payments technology company Visa on close cooperation in developing a new and innovative card and other payment offers to be introduce in all three Baltic states over the next six years, the bank announced.
European Central Bank governors on Thursday left key interest rates at historic lows and mass bond-buying unchanged, AFP quoted an ECB spokesman as saying, writes LETA/BNS.
Only 38% of households in Estonia have enough savings to sustain themselves during three or more months in the event of loss of income, whereas 25% have no savings at all or the amount saved is smaller than a month's expenditures, it appears from a survey taken by the Swedbank Institute for Private Finances and the Estonian Institute of Economic Research.
There is no financing earmarked for renovation of the Freedom Monument in Riga, writes LETA according to the Latvijas Avize daily reported on Thursday.
Latvia’s Madara Cosmetics company in the second half of this year plans to start listing its shares on the Nasdaq Riga stock exchange, the company’s representatives said in a press conference today.
Transferwise, the U.K. money transfer and foreign currency payments company that has its development unit in Tallinn, is to open an Asian head office in Singapore, reports LETA/BNS.
Now is a good time for the European Bank for Reconstruction and Development (EBRD) to withdraw from the management of Lithuania's Siauliu Bankas, LETA/BNS said according to the Verslo Zinios business daily.
Lithuania's power transmission system operator Litgrid has earmarked 18.156 mln euros for dividend or 3.6 cents per share after netting 16.828 mln euros in profit last year.
In Latvia, families tend to plan their budgets in short term, Evija Kropa, an expert at the Swedbank Institute for Finances, told LETA, citing a survey conducted by the institute.
The biggest auction of art objects and antiquities in Latvia , which is held every spring by the Artembassy auction house in cooperation with Rietumu Bank, will be held on 29 th of April.
Eurocash1, a cash collection and security services group that is indirectly controlled by Vilniaus Prekyba's owners, is expanding its operations in Latvia through the acquisition of CBL Cash Logistics, a subsidiary of Citadele Bank, in a deal whose financial details are not being disclosed, writes LETA/BNS.