Financial Services

International Internet Magazine. Baltic States news & analytics Friday, 30.09.2016, 16:29

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Latvian budget surplus at EUR 249.6 mln

Latvian budget surplus at EUR 249.6 mln

30.09.2016

The Latvian general government consolidated budget accumulated a EUR 249.6 mln surplus in the first eight months of 2016, the Latvian Finance Ministry informed LETA.

Keyword tags: Budget, Financial Services, Latvia



Estonian finmin wants to solve problem of plastic bags through new tax

Estonian finmin wants to solve problem of plastic bags through new tax

30.09.2016

The problem of excessive use of thin and ultra thin plastic bags could be solved by a new tax that would motivate businesses to reduce the sale of lightweight plastic bags and use more environmentally friendly packaging, Estonian Finance Minister Sven Sester says LETA/BNS.

Latvian monetary financial institutions earn EUR 340 mln profit in January-August

Latvian monetary financial institutions earn EUR 340 mln profit in January-August

30.09.2016

The Latvian monetary financial institutions (mostly banks) earned EUR 340 mln in aggregate profit in the first eight months of 2016, up 17 % from the same period in 2015, the Bank of Latvia reported.


Estonia's EU presidency budget to be around EUR 75 mln as planned before

Estonia's EU presidency budget to be around EUR 75 mln as planned before

30.09.2016

Around 75 mln are to be spent on Estonia's presidency of the European Council in the second half of 2017 and moving the presidency six months earlier has not increased the budget, reports LETA/BNS.

Rock Cafe Tallinn to open with new owner in charge

Rock Cafe Tallinn to open with new owner in charge

29.09.2016

A newly established company, RCM Invest OU, has taken over running the popular Tallinn concert venue Rock Cafe after the bankruptcy of the previous owner, RC Meelelahutuse OU, writes LETA/BNS.


29.09.2016

Estonian govt to leave unemployment insurance premium unchanged for 4 years

The Estonian government is about on Thursday to endorse the rates of the unemployment insurance premium for the next four years unchanged at the present 2.4% combined, writes LETA/BNS.

29.09.2016

Lithuania's 2017 budget planned with deficit of 0.6% of GDP

Lithuania's budget for 2017 is being planned with a small deficit that the European Commission is expected to approve if the country's new Labor Code and other social protection system changes are recognized as structural reforms, Finance Minister Rasa Budbergyte said.

28.09.2016

Stability with a positive note

In August, a slow growth in the overall domestic loan portfolio was observed for a sixth consecutive month and the loan 12-month growth rate also remained in positive territory. With the funds in enterprise bank accounts on the rise, the balance of deposits attracted by banks also grew.

28.09.2016

Land transport emerges as top payer of environmental charges in Estonia

Land transport emerged as the biggest payer of environmental fees in Estonia in 2014, when it went past households, Statistics Estonia said in its blog on Wednesday, cites LETA/BNS.

28.09.2016

Tapping into EU funds has been too slow in Estonia

he use of European Union funds by Estonia in the current budget period has been too slow, governor of the Bank of Estonia Ardo Hansson said on Wednesday, writes LETA/BNS.

27.09.2016

A14 Vilnius–Utena highway approved for EIB financing

A Public Private Partnership (PPP) project to reconstruct the A14 Vilnius-Utena highway has received approval from the European Investment Bank (EIB) and is set to receive financing from the European Fund for Strategic Investments (EFSI). The total sum of the loan is to be capped at EUR 40 million and will have a 12 year term, Invest Lithuania informs BC.

27.09.2016

4finance receives consumer credit license approval in Sweden

The non-bank lender 4finance announced on Monday that its Swedish subsidiary, 4finance AB, had received approval from the Finansinspektionen, the Swedish financial supervisory authority, for its consumer credit company license, writes LETA.

27.09.2016

Tallinn jumps 28 places to 50th in financial centers' index

he Estonian capital Tallinn rose 28 places to 50th in the rankings of the world's most competitive financial centers which is the second highest place among East European cities after Warsaw which placed 45th, it appears from the Global Financial Centers Index (GFCI) released by the think tank Z/Yen, writes LETA/BNS.

26.09.2016

Latvian banking sector makes EUR 341.8 million in aggregate profit in eight months

During the first eight months of 2016, the Latvian banking sector earned 341.806 million euros in aggregate profit, which is a 17.8 percent rise from the same period in 2015, the Latvian financial watchdog, the Financial and Capital Market Commission (FKTK), said LETA.

26.09.2016

Latvia’s ABLV Bank to issue bods for USD 75 mln, EUR 40 mln in late October

Latvia’s ABLV Bank in late October plans to issue two-year bonds for USD 75 mln, two-year bonds for EUR 20 mln, and ten-year subordinated bonds for EUR 20 mln, the bank said in its statement to the Nasdaq Riga stock exchange.

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