Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 17.06.2019, 10:11

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Baltic states still at risk of Russian money laundering - Europol

Baltic states still at risk of Russian money laundering - Europol

14.06.2019

The risk of Russian money laundering is still present in the Baltic states, Pedro Felicio, who is responsible for fighting money laundering at European police agency Europol, according to the Reuters. information writes LETA.

Keyword tags: Baltic States – CIS, Banks, EU – CIS, Financial Services



Although Lithuania’s financial system is stable, both external and internal risks prevail

Although Lithuania’s financial system is stable, both external and internal risks prevail

14.06.2019

Despite the deteriorated international environment, Lithuania’s financial system is stable, while banks’ resilience to potential shocks remains high. The country’s financial system is subject to two key risks: financial imbalances in the Nordic states that Lithuania’s banks are interconnected with and stronger activity in Lithuania’s credit and real estate (RE) market. Banks are increasingly more willing to grant loans to households, even though corporate lending has slowed down. Such trends are revealed in the latest Financial Stability Review of the Bank of Lithuania.

Is the Earth's rotation slowing down or does Latvia's economic growth lose momentum?

Is the Earth's rotation slowing down or does Latvia's economic growth lose momentum?

14.06.2019

The global economic growth is gradually slowing down; therefore, people and businesses in Latvia were also expected to gradually become more cautious, and this would mean lower GDP growth.


Foreigners have made half a million Tax Free purchases in Latvia

Foreigners have made half a million Tax Free purchases in Latvia

14.06.2019

According to the data summarized by the Tax Free Shopping concept creator Global Blue, during the last 20 years, tourists from 179 countries have done shopping in Latvia, making more than 520,000 purchases in our shops, informed Global Blue representative.

Estonian police detain 3 Tallinn Business Bank employees on suspicion of money laundering

Estonian police detain 3 Tallinn Business Bank employees on suspicion of money laundering

14.06.2019

Officers of the Central Criminal Police on Tuesday detained for 48 hours three employees of Tallinn Business Bank, one of whom is suspected of money laundering and the other two of accepting a bribe and money laundering, informed LETA/BNS.


14.06.2019

The highest scoring category – Platinum Category – on the annual Sustainability Index was awarded to Baltic International Bank

The results of the annual Sustainability Index were announced on 13 June, and we are proud that this year Baltic International Bank won the highest platinum award. The Platinum Category is awarded to companies that have fully integrated corporate governance into their operations, and in which responsible persons have been appointed at both the managerial and executive levels. These companies systematically collect data and assess impact. They report on their activities with a high level of transparency and engaging stakeholders, and their published data was approved by the external auditor.

14.06.2019

The Tretiak School of Goaltending Is in Riga Again

From 15 to 23 June, already for the tenth time, classes of the Vladislav Tretiak and Sergey Naumov International School of Goaltending will be held in Riga.During these years, dozens of trainees of the School have achieved success in their sporting careers, many have gone on to join top class teams and represent their nations or are hot prospects for the future. From the very start of the School in Riga, it has been supported by Rietumu Bank.

14.06.2019

Eurogroup reaches agreement in principle on Stability Mechanism amendments

The finance ministers of the euro area, or the Eurogroup, reached an agreement for the most part on amendments to the European Stability Mechanism (ESM) agreement in Luxembourg, informed LETA/BNS.

14.06.2019

29.2 mln Tallinna Sadam shares change hands in 1st year of listing

Thursday marked a year since the listing of Estonian port company Tallinna Sadam on the Nasdaq Tallinn stock exchange on June 13, 2018 and altogether 29.2 mln of the company's shares changed hands over the course of the company's first year of listing.

14.06.2019

Saeima amends Credit Institution Law defining FCMC's obligations in credit institutions’ liquidation process

- Saeima today passed in the final reading amendments to the Credit Institution Law defining the Financial and Capital Market Commission’s (FCMC) obligations in the process of a credit institution’s liquidation, informed LETA.

13.06.2019

Ian Brown appointed new EBRD Head of Baltics

The EBRD has appointed Ian Brown to lead its operations in the Baltics. He will follow Matti Hyyrynen as the Head of Office in Vilnius and assume his post in August 2019, EBRD representative informed BC.

13.06.2019

Planned legislative amendments suggest of wish to get rid of FCMC council – ombudsman

The planned legislative amendments to the law on the Financial and Capital Market Commission (FCMC) do not suggest of a democratic country where changes are being discussed, following the rule of law, but rather of the wish to get rid of the incumbent FCMC council, said Chief Ombudsman Juris Jansons in his letter to the Saeima and the president, informed LETA.

12.06.2019

Estonian funding and trading platform Funderbeam raises USD 4.5 mln

Funderbeam, global funding and trading platform based in Estonia, has raised 4.5 mln US dollars in Series A funding to develop its secondary market offering as well as expand into markets in Asia and continental Europe, informed LETA/BNS.

12.06.2019

PM Karins promises to make sure property tax does not climb too steeply

As the government decides on changing the cadastral values of real estate and consequently also property taxes, Prime Minister Krisjanis Karins (New Unity) is determined to make sure the rise of property taxes is not too steep,the premier said in an interview to LNT TV channel.

12.06.2019

Lords LB fund attracts EUR 30 mln for solar project in Poland

Atsinaujinancios Energetikos Investicijos (Renewable Energy Investment), a company operated by investment company Lords LB Asset Management's Energy and Infrastructure SME Fund has reached agreement with France's Eiffel Energy Transition Fund on the sale of the company's ordinary debentures worth over 30 mln euros, reported LETA/BNS.

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