Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 14.10.2019, 02:01

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Estonia: Corporate debt is growing more slowly than the economy is

Estonia: Corporate debt is growing more slowly than the economy is

11.10.2019

The financial account statistics published by Eesti Pank today show that the growth in the debt of Estonian companies has accelerated a little this year. Companies invested more in the first half of 2019 than they did in previous years, and so they borrowed more to fund the investment. Even so, the growth of 4% in corporate debt over the year in the second quarter was notably less than the nominal growth in the economy.

Keyword tags: Analytics, Banks, Direct Speech, Estonia, Financial Services



Modern long-term EU budget for the period 2021-2027

Modern long-term EU budget for the period 2021-2027

11.10.2019

The next multiannual financial framework (MFF) should be fit for the EU’s present and future challenges to deliver on the member states and citizens’ expectations. The Commission calls on EU Heads of State and/or Government to provide political guidance and new impetus to the negotiations in order to reach an agreement on a fair and balanced MFF.

Bank of Lithuania: Facebook's Libra may turn into 'something interesting'

Bank of Lithuania: Facebook's Libra may turn into 'something interesting'

11.10.2019

Facebook's plans to issue Libra has prompted central banks to take a closer look at stablecoins – cryptocurrencies offering price stability, a member of the Bank of Lithuania's board has told the business daily Verslo Zinios, referred LETA/BNS.


State has no additional funds for teachers' wages - Karins

State has no additional funds for teachers' wages - Karins

10.10.2019

The state budget currently has not additional funds for teachers' wages, said Prime Minister Krisjanis Karins (New Unity) in an interview with the Latvian public radio today, citing LETA.

UP Invest to acquire authorized Apple reseller IM Arvutid in Estonia, Latvia, Finland

UP Invest to acquire authorized Apple reseller IM Arvutid in Estonia, Latvia, Finland

10.10.2019

UP Invest, an investment company controlled by Estonian businessman Margus Linnamae, is set to acquire Apple Authorized Service Provider in Estonia, Latvia and Finland IM Arvutid AS, informed LETA/BNS.


10.10.2019

Latvia has lost 1% of GDP as a result of 2017 tax reform - expert

Latvia has been losing around 1% of GDP each year due to the loss of budget revenue resulting from the 2017 tax reform, Inna Steinbuka, a member of the Fiscal Discipline Council, told journalist LETA.

10.10.2019

LDz concludes EUR 319 mln agreement on railway electrification

The Central Finance and Contracting Agency (CFCA) has concluded an agreement with Latvia's state-owned rail company Latvijas Dzelzcels (LDz, Latvian Railways) on granting over EUR 318 mln from the European Union Cohesion Fund for development of electric train infrastructure, the CFCA informed LETA.

10.10.2019

Economy and finances combined: Valdis Dombrovskis’ approval in European Parliament

Valdis Dombrovskis has easily gone through the European Parliament’s screening: the MEPs approved his nomination to the post of the EU’s top economics and financial commissioner. During about three hours MEPs “grilled” the Latvian nominee who will deal with an area of “an economy that works for people” during his next five years in the Commission as an executive vice president.

09.10.2019

Rietumu Bank Has Awarded the Best Medical Nurses of the Children’s Hospital

On these days, Rietumu Bank’s Charity Fund awarded annual honorary prizes “Bērnu slimnīcas lepnums” (Pride of the Children’s Hospital) and cash bonuses to the best medical nurses of the Children's Clinical University Hospital.

08.10.2019

Finnish court dismisses charges against Estonians suspected of money laundering

A court in Helsinki has dismissed all charges in the largest money laundering case ever tried by a Finnish court, in which two Estonian nationals were suspected of laundering 135 mln euros in total, informed LETA/BNS.

08.10.2019

Latvia: Government supports appointing Purgaile as FCMC head

The Cabinet of Ministers on Tuesday supported appointing Santa Purgaile, former board member at Citadele Bank, as the head of the Financial and Capital Market Commission (FCMC).

08.10.2019

Government increases license fees for non-bank lenders

The Cabinet of Ministers on Tuesday approved a significant increase in license fees for non-bank lenders, informed LETA.

08.10.2019

ICT Cluster to contribute EUR 100,000 to Estonia's participation in Dubai EXPO

The Estonian Information and Communications Technology (ICT) Cluster, which is one of the key partners of the Estonian pavilion at the Dubai EXPO 2020, is to invest altogether 100,000 euros in participation in the world fair, writes LETA/BNS.

07.10.2019

Price growth is slowing down in the euro area and in Estonia

According to Statistics Estonia, consumer prices were up 2.2% from last year in September. Price hikes are declining however, both in the euro area and in Estonia. Inflation in the euro area fell from 1% in August to 0.9% in September, but inflation in Estonia fell from 2.4% to 2.2% in the same time span.

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