Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 23.09.2014, 11:19

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Lord Mayor of London has high opinion of Latvia's priorities

Lord Mayor of London has high opinion of Latvia's priorities

23.09.2014

The Lord Mayor of London Fiona Woolf during a meeting with Foreign Minister Edgars Rinkevics expressed her high opinion of Latvia's priorities, the successful implementation of which was also important to the companies of the City of London, reports BC the Latvian Institute.

Keyword tags: EU – Baltic States, Financial Services, Latvia, Legislation, Markets and Companies



Six companies want to build Estonian super-ministry building

Six companies want to build Estonian super-ministry building

22.09.2014

Six bids were submitted by deadline to the procurement declared by Estonian state real estate company Riigi Kinnisvara AS (RKAS) for the construction work of the so-called super-ministry building, that will in the future house four Estonian ministries, LETA/Public Broadcasting reports.

TV show: 5 candidates showed interest in Citadale shares

TV show: 5 candidates showed interest in Citadale shares

22.09.2014

A total of five candidates have shown interest in acquiring the Citadale bank shares, the TV3 show "Neka personiga" reported on Sunday, cites LETA.


Motion to exclude Russia from SWIFT payment system not reviewed in EU

Motion to exclude Russia from SWIFT payment system not reviewed in EU

22.09.2014

The motion to exclude Russia from the SWIFT payment system was not put forward at the European Union Council meetings, the Foreign Affairs Ministry's press secretary Karlis Eihenbaums told LETA.

In 2015, pensions in Lithuania may grow by EUR 5

In 2015, pensions in Lithuania may grow by EUR 5

22.09.2014

The Political Council of the ruling majority in Lithuania convened for a sitting on Friday and reached a decision to increase the basic pension from 1 July 2015. If the increase comes on that date, then the move will require additional LTL 92 million (EUR 26.6 million), informs LETA/ELTA.

22.09.2014

One of the potential Citadele investors – former U.S. Federal Reserve Chairman

According to information obtained by LETA, one of the potential investors in Citadele bank is former U.S. Federal Reserve Chairman Paul Volcker.

21.09.2014

Latvian Unity, Sudraba’s party and Harmony close to spending limits for pre-election campaigning

According to calculations by the Corruption Prevention Bureau, Unity, Inguna Sudraba’s party For Latvia From the Heart and Harmony are close to reaching their spending limits for pre-election campaigning, informs LETA.

19.09.2014

EBRD supports decision to sell Citadele Bank shares to Ripplewood Holdings

The European Bank for Reconstruction and Development (EBRD) welcomes the decision by the government of Latvia to sell its stake in Citadele to a group of international investors led by the U.S. investment fund Ripplewood Holdings and Tim Collins, the founder and CEO of the fund, informs LETA.

19.09.2014

Latvian farmers to receive several support advance payments

Taking into account the current financial difficulties that a number of Latvian farmers are suffering due to Russia's food embargo, the Agriculture Ministry is planning to allot several support funds to farmers until the end of 2014, writes LETA.

19.09.2014

Lithuania – regional leader of attracting FDI in H1

Lithuania has continued its strong growth in attracting foreign direct investment projects over the first half of 2014 despite a fall in investments in the region as a whole, according fDi Markets, The Financial Times' database of foreign direct investment (FDI), Invest Lithuania, foreign direct investment development agency, reports.

19.09.2014

Ripplewood: local market and quotation of Citadele shares in stock market is priority

The Latvian government has recognized the U.S. investors chosen as the most suitable buyers for Citadele Bank, as they are ready to pay an "honest price" at the same time offering a sound vision regarding the bank's development, one of the investors of the U.S. fund Ripplewood Holdings, Tim Collins, told LETA.

19.09.2014

Estonian government approves of Russian-language TV channel plan

The Estonian government has decided to go forward with the plan to create a Russian-language TV channel by the Estonian Public Broadcasting, LETA/Public Broadcasting reports.

19.09.2014

Latvian Government Treasury long term debt securities to be sold at auction

Latvian Government Treasury long term debt securities in the amount of EUR 20 million, will be sold in an auction next week, September 24, according to information provided by "NASDAQ OMX Riga", cites LETA.

19.09.2014

Large transactions will have to be registered with a notary public in Lithuania

On Thursday, the Seimas adopted amendments which bind over to go to a notary public if one wants to borrow more than LTL 10,000 (EUR 2,898). President Dalia Grybauskaite, who worked out these amendments, is convinced that residents deserve such suspicions of corruption, therefore, they should have even heavier bureaucratic burden, informed LETA/ELTA, referring to Vakaro zinios.

19.09.2014

EP supports EU sanctions against Russia

The European Parliament (EP) welcomes the ratification of the Association Agreement with Ukraine and steps being taken to restore peace in Ukraine, at the same time condemning the Russian Federation for waging an undeclared "hybrid war" against Ukraine, urging the European Union member states to cancel planned agreements with Russia in the energy sector and to support farmers affected by Russia's food embargo, as Marta Ribele, acting head of the EP Information Office in Latvia, informed LETA.

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