International Internet Magazine. Baltic States news & analytics
Sunday, 01.02.2015, 16:43
Based on preliminary data of Statistics Lithuania, in 2014 compared with 2013, the average gross wage, including sole proprietorships, increased by 4.6% or EUR 30 and stood at EUR 676.4, informs LETA/ELTA.
Keyword tags: Analytics, Financial Services, Lithuania, Markets and Companies, Wages
Although the so-called money printing program announced by the European Central Bank last week includes government bonds, it is not excluded that Estonian central bank Eesti Pank could buy bonds of state-owned companies, Eesti Energia and Elering, in the framework of it, LETA/Postimees writes.
On 29 January 2015, the Bank of Lithuania issued into circulation a 50 euro collector coin, dedicated to coinage in the Grand Duchy of Lithuania (GDL). This is the first collector Lithuanian euro coin, reported BC the Bank of Lithuania.
According to the Estonian Ministry of Finance data, the Estonian state collected 7.82 billion euros in revenues and channelled 7.77 billion euros for expenditures in 2014, LETA/Public Broadcasting reports.
In December 2015, the increase in bank attracted deposits sped up and was the largest in 2014 in Latvia. The loan portfolio, however, decreased rather substantially and lending prospects for the near future are not comforting, Bank of Latvia economist Vilnis Purvins points out, cites LETA.
On the 28 January 2015, in the European Parliament plenary session in Brussels, the Latvian Parliamentary State Secretary for EU Affairs Ms Zanda Kalniņa-Lukaševica informed the Members of the European Parliament about the Council’s position on the creation of the European Fund for Strategic Investment (EFSI) and shared its view on the roadmap towards a new international climate agreement in Paris on December 2015, reports BC Latvian MFA.
SEB Group in Latvia concluded 2014 with a net profit of EUR 23.2 million, which is 10% less than in 2013, according to SEB banka announcement for the press, cites LETA.
Monetary financial institutions earned EUR 312.8 million in 2014, reports LETA, according to information published by the Bank of Latvia.
According to Statistics Estonia, in 2013, 22.1% of the Estonian population lived in relative poverty and 8% of the Estonian population lived in absolute poverty.
The SEB Estonia bank earned last year a profit of 75 million euros, which was by a million more than in the previous year, LETA/Postimees Online reports.
At his meeting with Jose Angel Gurria, Secretary-General of the OECD, on Wednesday in Tallinn, Estonian Prime Minister Taavi Rõivas stated that the growth in productivity and lowering labour taxes that are highlighted in the OECD report are also an important part of Estonian Government policy, reports BC the Government Communication Unit.
In an interview on Latvian Television this morning, State Revenue Service General Director Inara Petersone said that during her discussions with the management of the Gan Bei restaurant chain this week, she believes that the company has realized its mistakes and would like to continue work, informs LETA.
The Estonian government approved at its Thursday meeting of the state pension index value for the year 2015, as the result of which, the average increase of pensions from 1 April 2015 is 6.3%, LETA/Public Broadcasting reports.
As of the end of 2014, the Estonian stabilisation reserve volume was 367.1 million EUR in acquisition value and 368.9 million EUR in market value, LETA/Public Broadcasting reports.
According to preliminary data, unaudited net profit earned over the year 2014 by AB SEB bankas is EUR 65.3 million (LTL 225.6 million) and by AB SEB bankas Group – EUR 72.4 million (LTL 249.9 million), the bank announced in a statement, cites LETA/ELTA.