Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 27.04.2015, 20:04

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Bank cards issued in Estonia were used in 184 countries in the Q1

Bank cards issued in Estonia were used in 184 countries in the Q1

27.04.2015

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



Fiscal Council: Estonia must compile balanced budget for 2016

Fiscal Council: Estonia must compile balanced budget for 2016

27.04.2015

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.

Latvijas Banka approved amendments to the procedure for participation in the Eurosystem

Latvijas Banka approved amendments to the procedure for participation in the Eurosystem

27.04.2015

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.


Lithuania's general government deficit in 2014 accounted for 0.7% of GDP

Lithuania's general government deficit in 2014 accounted for 0.7% of GDP

27.04.2015

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.

EU ministers in Riga push Greece in bogged down debt talks

EU ministers in Riga push Greece in bogged down debt talks

27.04.2015

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.

27.04.2015

Residents of Riga have the highest cost of living among Baltic capitals

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.

27.04.2015

Lithuania's power distribution network operator to borrow EUR 75 mln

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.

25.04.2015

Locmele-Lunova possibly involved in EUR 3.6 mln money laundering scheme in Latvia

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.

24.04.2015

Eesti Pank: volume of housing loans continues to grow steadily in Q1

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.

24.04.2015

Latvian FinMin: EU working so that Greece stays in the eurozone

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.

24.04.2015

Citadele Banka’s capital increased by almost EUR 19 mln

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.

24.04.2015

Microenterprise tax in Latvia set at 9% for first 3 years after company is established

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.

24.04.2015

Twinning project in Moldova – Lithuania's recognition in Europe

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.

24.04.2015

Latvian Saeima approves of higher excise tax on alcoholic beverages in principle

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.

24.04.2015

Latvian Saeima deputy Locmele-Lunova suspected of tax evasion

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.

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