Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 02.03.2015, 21:01

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Estonian Tax Board chief in Estonia retracted his resignation

Estonian Tax Board chief in Estonia retracted his resignation

02.03.2015

Minister of Finance in Estonia Maris Lauri assured to Director General of the Tax and Customs Board on Monday that she would like him to continue in his current position, and consequently Helm agreed to retract his resignation notice, writes Äripäev.ee/LETA.

Keyword tags: Estonia, Financial Services, Legislation, Taxation



Citadele group in Latvia closes 2014 with EUR 31 mln profit

Citadele group in Latvia closes 2014 with EUR 31 mln profit

02.03.2015

Citadele group recorded EUR 31.1 million in unaudited profit in 2014, up by 129% compared to 2013, according to the bank's financial report, cites LETA.

Estonian state budget collects 8.7% revenue in January

Estonian state budget collects 8.7% revenue in January

02.03.2015

According to the Ministry of Finance, the Estonian state budget collected revenue of 701.7 million euros in January 2015, reports LETA.


Compatriots working abroad sent back almost EUR 600 mln to Latvia in 2014

Compatriots working abroad sent back almost EUR 600 mln to Latvia in 2014

02.03.2015

Those former Latvian residents, who live and work abroad, sent back EUR 594.78 million to Latvia last year, according to Bank of Latvian calculations, cites LETA.

BTA in Latvia racks up EUR 178.5 mln in gross premiums in 2014

BTA in Latvia racks up EUR 178.5 mln in gross premiums in 2014

27.02.2015

In 2014, BTA Insurance Company (BTA) collected EUR 178.5 million in gross premiums, which is EUR 18.5 million or 11.6% more than in 2013, according to BTA's unaudited financial statement, cites LETA.

27.02.2015

Trasta komercbanka concludes the year 2014 with EUR 9.79 losses due to situation in Ukraine

The Latvian commercial bank Trasta komercbanka concluded 2014 with losses in the amount of EUR 9.79 million, informs LETA.

27.02.2015

In January, 10 member states had minimum wages below EUR 500

Latvia has the sixth lowest minimum wage among the 22 European Union (EU) member states that have national minimum wages, according to data published by Eurostat, cites LETA.

27.02.2015

ABLV Bank increases profit to EUR 58.7 mln in 2014

ABLV Bank increased its profit in 2014, reaching EUR 58.7 million. Meanwhile, the Group's profit in 2014 was EUR 63.8 million, reports LETA, according to the bank's statement.

27.02.2015

Baltic countries submit joint application for EU funding for first round of Rail Baltica

The joint-stock company RB Rail and Latvia, Estonia and Lithuania submitted a joint application to the European Commission, seeking funding for the first round of implementation of the Rail Baltica project from the Connecting Europe Facility, as well as the Baltic countries' joint support letter signed by the Baltic transport ministers, LETA learned from Latvian Transport Ministry.

27.02.2015

Challenges to Lithuania's economy: ageing society and lack of investment in research

The European Commission (EC) has presented analyses of economic challenges to individual member-states. Specific recommendations to individual countries to be issued in May 2015 and will be based on these reports, informs LETA/ELTA.

27.02.2015

Number of bank subsidiaries and sub-branches reduce in Latvia in 2014

At the end of 2014, there were 313 bank subsidiaries and sub-branches in Latvia, representative of the Association of Commercial Banks of Latvia, Baiba Melnace, told LETA.

26.02.2015

In 2014, average monthly net wages and salaries accounted for EUR 560 in Latvia

Latest data compiled by the Central Statistical Bureau (CSB) show that in 2014 growth in average wages and salaries witnessed the most rapid growth since the recovery of the Latvian economy. In 2014, average monthly gross wages and salaries in the country accounted for EUR 765, and compared to 2013 it is a growth of 6.8% or EUR 49.

26.02.2015

In Q4, the average monthly gross wages in Estonia exceeded 1,000 euros once again

According to Statistics Estonia, in the 4th quarter of 2014, the average monthly gross wages and salaries were 1,039 euros and increased by 5.3% compared to the 4th quarter of 2013. In 2014, the average monthly gross wages and salaries exceeded the 1,000 euro level in the 2nd and 4th quarter.

26.02.2015

A tenth funds needed to build Rail Baltica will be asked in first round

Although the construction of Rail Baltica railway line takes at least 4 to 5 billion euros, the three Baltic states will ask for only a tenth of the cost of building the infrastructure from the European Commission in the first round of funding, LETA/Public Broadcasting reports.

26.02.2015

Jelgava Clinic chief Anna Ziverte charged in criminal case

Zemgale Region Prosecutor's Office in Latvia has launched a criminal case against Jelgava Clinic Chief of Staff Anna Ziverte, according to information at the disposal of LETA.

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