Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 04.08.2015, 00:17

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Rietumu bank’s profit reached EUR 37.6 mln in H1

Rietumu bank’s profit reached EUR 37.6 mln in H1

03.08.2015

Today, the Board of JSC Rietumu Banka took a decision on passing its audited financial results for the first half-year of 2015 to the bank shareholders for their consideration. According to the financial statement, net profit of the bank during first six months has reached EUR 37.6 million, informed BC Eleonora Gailisha.

Keyword tags: Banks, Financial Services, Latvia



Latvijas Loto turns over almost EUR 22 mln in 2014

Latvijas Loto turns over almost EUR 22 mln in 2014

03.08.2015

The state-owned joint-stock lottery company Latvijas Loto turned over EUR 21.89 million last year, reports LETA, according to Firmas.lv information.

No orphanages in Vilnius by 2020

No orphanages in Vilnius by 2020

03.08.2015

During the next five years, until 2020, Vilnius will try to reduce the number of infants and children living in institutions; and only in the most desperate cases, if foster parents cannot be found, the children will be housed in an orphanage, Vilnius City Council reports BC.


In 2013, enterprises in Lithuania employed 935,000

In 2013, enterprises in Lithuania employed 935,000

03.08.2015

Statistics Lithuania in its annual publication Structural Business Statistics Indicators 2013 reports that back in 2013, there were about 183,000 active enterprises in the country, which employed about 935,000 people. Over the year, the number of enterprises increased by 9.2%, the number of persons employed in them – by 4.3%, informs LETA/ELTA.

Latvian Competition Council fines several forestry companies EUR 70,003

Latvian Competition Council fines several forestry companies EUR 70,003

03.08.2015

The Competition Council has decided to fine 11 companies that harmonized their offers with one or several competitors for procurement of timber announced by the joint-stock company Latvijas Valsts mezi (Latvian State Forests). The total amount of the fines is EUR 70,003.

03.08.2015

"Minions" highest-grossing animated film to be screened in Latvia

Illumination Entertainment's animated film "Minions", which has been screened in Latvia since July 3, 2015, has in four weeks become the highest-grossing animated film in Latvia's history, informs LETA.

31.07.2015

Dedicated to 725th anniversary: Ventspils in numbers

Congratulating Ventspils residents with city's 725th anniversary, the Central Statistical Bureau (CSB) has compiled characteristics of Ventspils in numbers.

31.07.2015

It’s proposed to raise fine for wages paid under the table to EUR 2,100 in Latvia

The Justice Ministry in Latvia is suggesting to raise the fine for wages paid under the table to EUR 2,100, informs LETA.

31.07.2015

Eesti Pank specified its macroprudential policy principles

Estonia's central bank Eesti Pank announced that changes to the Eesti Pank Act came into force on 19 May 2014 giving the central bank a clearer mandate than before to act as a macroprudential authority in Estonia, informs LETA.

31.07.2015

Swedbank issues EUR 11 mln loan to Kekava and Lielzeltini

Swedbank has issued more than EUR 11 million to Latvian poultry companies Putnu fabrika Kekava and Lielzeltini, which will use the loan over a period of three years in order to renovate poultry farms, modernize processing plants, and purchase new equipment, reports LETA, according to the bank's board member Reinis Rubenis.

31.07.2015

Commission supports farmers affected by the Russian ban

The European Commission is aware of the challenges faced by EU’s agro-producers and is expected to provide assistance. EU farmers will get support for dairy, fruit and vegetables sectors affected by the Russian ban: safety measures will be extended into 2016.

31.07.2015

Latvian FinMin: budget spending growing faster than tax revenue

In the first six months of the year 2015, the consolidated budget had a EUR 217.5 million surplus, however, tax revenue was EUR 9.9 million lower than planned, the Finance Ministry's representatives told LETA.

31.07.2015

Lithuania's Education Min fails in planning funds for education activities support

The annual audit of the Ministry of Education and Science of the Republic of Lithuania is finished, Lithuania's National Audit Office reports LETA/ELTA.

31.07.2015

EcoMin: main hindrance in obtaining loans is shadow economy in Latvia

Banks are prepared to issue loans to healthy companies, however, the main hindrance for companies to obtain loans is problems related to the shadow-economy, the Latvian Association of Commercial Banks points out, commenting Economy Minister Dana Reizniece-Ozola's (Greens/Farmers) recent statements that Latvian banks' lending policies are too passive, and thus hinder Latvia's economic growth, informs LETA.

31.07.2015

Bank of Lithuania issues new licence to engage in non-life insurance activity after 14 years break

The Board of the Bank of Lithuania decided to issue an insurance business licence for the private limited liability insurance undertaking Compensa Vienna Insurance Group, UADB in the process of foundation, which entitles to engage in the activities of insurance classes within the non-life insurance branch and of compulsory insurance, reported LETA/ELTA, referring to Lithuania's central bank.

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