Financial Services

International Internet Magazine. Baltic States news & analytics Saturday, 01.11.2014, 11:38

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Krediidipank's profit falls in 9 months

Krediidipank's profit falls in 9 months

31.10.2014

The Estonian Krediidipank banking concern announced that it earned 477,000 euros of profit in the first nine months of the year 2014, by 100,000 euros less than at the same time last year, LETA/Postimees Online reports.

Keyword tags: Banks, Estonia, Financial Services, Loan



Seimas: necessary to enhance security of diplomatic representations of Lithuania

Seimas: necessary to enhance security of diplomatic representations of Lithuania

31.10.2014

The Seimas Committee on Foreign Affairs has considered the 2015 draft budget and found that it is necessary to enhance the security of Lithuanian diplomatic representations, taking into account the geopolitical situation, informs LETA/ELTA.

Matiss' priorities – straightening out roads and reducing operational costs at Pasazieru vilciens

Matiss' priorities – straightening out roads and reducing operational costs at Pasazieru vilciens

31.10.2014

Latvian Transport Minister Anrijs Matiss (Unity), who is expected to stay on as minister in the next government, says that his main priority in the next government is to straighten out Latvia's road system by guaranteeing long-term road construction and maintenance financing, and improving the quality of road construction, cites Nozare.lv.


Siauliu Bankas is strengthening its positions in leasing, insurance markets

Siauliu Bankas is strengthening its positions in leasing, insurance markets

31.10.2014

The largest Lithuanian capital bank – Siauliu Bankas – is expanding its activities in leasing area and strengthening its steps in a life insurance market, reports LETA/ELTA.

Offer to buy Citadele Bank still on despite developments

Offer to buy Citadele Bank still on despite developments

31.10.2014

U.S. entity Ripplewood Advisors, the confirmed buyers of the state's stake in Citadele Bank, announced yesterday that it understands that postponement of the signing of the contract is "merely technical in nature", reports LETA.

31.10.2014

Lithuania's Audit Office urges institutions to learn from mistakes of others

Having analysed the results of financial (regularity) audits completed in 2014, the National Audit Office in Lithuania (NAO) summed up the most common errors and irregularities made in the public sector, informs LETA/ELTA.

31.10.2014

EcoMin: signing of Citadele sales agreement to be delayed

Since only one person is currently a candidate to become a Privatization Agency (PA) board member, but two board member signatures are need to sign the Citadele sales agreement, today’s planned signing of the sales agreement to the U.S. fund Ripplewood will not go ahead, reports LETA.

30.10.2014

Latvian parliament passes Development Finance Institution Law

Saeima decided in the final reading today to pass the Development Finance Institution Law that was proposed by the Finance Ministry, informs LETA.

30.10.2014

Latvian Saeima rejects proposal to increase salaries for ministers

Saeima of Latvia decided today to reject the motion to increase monthly salaries for Cabinet ministers, informs LETA.

30.10.2014

Privatization Agency board steps down due to Citadele deal

The Latvian Privatization Agency board has resigned due to the Citadele Bank deal.

30.10.2014

Latvian Revenue Service collects 3.9% more in taxes in first 9 months

In the first nine months of the year 2014, the State Revenue Service collected 3.9% more in taxes when compared to the same period last year, informs LETA, referring to the State Revenue Service.

30.10.2014

Sinkevicius: Rail Baltica should be a priority in allocating funds

On 28 October 2014, the representatives from Baltic States signed a landmark agreement which will launch the project Rail Baltica and bring the Baltic region closer to the Western Europe. By terms of the agreement, a joint Lithuanian, Latvian and Estonian venture responsible for the Rail Baltica project will be set up in Riga, informed BC Lithuanian Transport Ministry.

30.10.2014

Lithuanian oil producers about price drop

Lithuanian oil producers are worried: the fall of oil prices does not seem to end soon, which results both in lower income of their companies and the state budget, reports LETA/ELTA, referring to Lietuvos rytas.

30.10.2014

Banks in Latvia earn EUR 239.7 mln in January-September

Latvian banks earned EUR 239.7 million in the first nine months of 2014, according to data provided by the Financial and Capital Market Commission, cites LETA.

30.10.2014

Latvenergo to borrow EUR 150 mln for capital investments

During a shareholders’ meeting last week, shareholders of joint-stock power-supply company Latvenergo decided to enter into loan agreements with the winning bidders of the bank loan tender which was announced this past April to attract capital of up to EUR 150 million under the borrowed capital attraction plan, according to an announcement today at the ''Nasdaq'' Riga Stock Exchange, cites LETA.

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