Financial Services

International Internet Magazine. Baltic States news & analytics Wednesday, 21.11.2018, 22:55

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OECD estimates Estonia's economic growth to be 3.5% in 2019

OECD estimates Estonia's economic growth to be 3.5% in 2019

21.11.2018

According to a fresh forecast of the Organization for Economic Cooperation and Development (OECD), Estonia's economic growth is projected to reach 3.5% in 2019, before slowing down to 2.3% in 2020, informed LETA/BNS.

Keyword tags: Analytics, Economics, Estonia, Financial Services, GDP



European Commission approves Latvia's 2019 draft budgetary plan

European Commission approves Latvia's 2019 draft budgetary plan

21.11.2018

The European Commission has approved Latvia's 2019 draft budgetary plan, pointing out that the plan is broadly compliant with the Stability and Growth Pact for 2019, informed LETA.

Fiscal discipline watchdog warns about necessity to cut Latvian budget expenditure

Fiscal discipline watchdog warns about necessity to cut Latvian budget expenditure

21.11.2018

With the current policy persisting, in the future there are budget consolidation risks and it will be necessary to cut budget expenditure, Fiscal Discipline Council head Janis Platais told LETA.


Balta non-life insurer pays out over EUR 1 million for stolen cars in ten months

Balta non-life insurer pays out over EUR 1 million for stolen cars in ten months

21.11.2018

Latvia’s Balta non-life insurer, which is a member of PZU Group, paid out more than EUR 1 million in compensations for stolen cars in the first ten months of 2018, LETA was told at the company.

Transferwise joins instant payments system via Bank of Lithuania

Transferwise joins instant payments system via Bank of Lithuania

21.11.2018

International money transfer platform Transferwise has opened a euro account in Bank of Lithuania, gaining direct access to the instant euro payments system, reported LETA/BNS.


21.11.2018

Tartu city govt drafts EUR 191 mln budget for 2019

The city government of Tartu on Tuesday handed to the council the draft of a budget of 191 mln euros for 2019, marking an increase of 18 mln euros over the city's budget for the current year, reported LETA/BNS.

21.11.2018

Consumer lender 4finance Holding reports 11% increase in turnover in January-September

Consumer lender 4finance Holding posted EUR 328.6 mln in turnover in January-September, a 11% increase on the same period last year, the company informed LETA.

20.11.2018

Support for euro currency on the rise in Latvia - survey

In Latvia, public support for the European Union's single currency, the euro, has risen by 10 percentage points from 2016 and now stands at 63%, according to a public opinion poll published by Politico.

20.11.2018

Jaunzeme intends to continue Revenue Service's reforms started by Cirule

Ieva Jaunzeme, who has been nominated for director general of the State Revenue Service, wants to continue the reforms started by by the Revenue Service's previous head Ilze Cirule, Jaunzeme told journalists at a news conference Tuesday.

16.11.2018

Estonia: Transferwise secures EUR 74 mln syndicated debt facility with LHV's participation

The provider of international money transfer services Transferwise has completed a 65 million pound or approximately 74 mln euro syndicated debt facility, while the Estonian bank LHV is also participating in the syndicate, informed LETA/BNS.

16.11.2018

Bloomberg: Banking giants drawn into Danske probe

nvestigators in the framework of a criminal investigation launched in the US regarding the money-laundering case of Danske Bank have also contacted large banks like Deutsche Bank, Bank of America and JPMorgan, which operated as correspondent banks of Danske's Estonian branch, Bloomberg reports citing LETA/BNS.

16.11.2018

Quality, not quantity of state-run companies on stock exchange matters

The governance of state-run companies will become more transparent and their activities will be more effective if they are listed on the stock market, Masamichi Kono, deputy secretary general at the Organization for Economic Co-operation and Development, told the Lithuanian Verslo Zinios business daily, citing LETA/BNS.

15.11.2018

Estonia: EUR 90.2 mln worth of deposits reimbursed to customers of Versobank

The Guarantee Fund has reimbursed altogether 90.2 mln euros' worth of deposits to customers of Versobank, while the bank's liquidators are also making payments alongside the fund, informed LETA/BNS.

15.11.2018

Co-owner of Ukraine's CityCommerce Bank suspected of pocketing EUR 9.5 mln detained in Latvia

Reinis Tumovs, a co-owner of Ukraine’s CityCommerce Bank, who is suspected of pocketing nearly UAH 300 million (EUR 9.5 million), has been detained in Latvia, representatives of the economy protection department of the National Police of Ukraine informed Thursday, reffered LETA according to the Ukrainform/Unian.

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