International Internet Magazine. Baltic States news & analytics
Monday, 06.07.2015, 02:16
During today's meeting of the joint-stock company Latvijas Gaze shareholders, it was decided to use the distributable share of the company's 2014 profit to pay EUR 28.728 million or EUR 0.72 per share to shareholders in dividends, according to Latvijas Gaze announcement submitted to the "Nasdaq" Riga Stock Exchange, cites LETA.
Keyword tags: Energy, Financial Services, Gas, Latvia
Vice-President of the European Central Bank (ECB) Vitor Constancio who is attending a conference at the Bank of Lithuania says that the referendum in Greece will have a huge impact on potential agreement between Athens and its creditors, reports LETA/ELTA.
The Health Ministry in Latvia suggests that excise tax be imposed on several food products and crop protection products, and the relevant excise tax rates be increased for several product groups, which would generate an additional EUR 9.5 million in the state budget for the implementation of new policy initiatives.
Financial literacy of Latvian residents is gradually improving, according to study by the Financial and Capital Market Commission, cites LETA.
Citadele banka has created an innovative opportunity to use payment cards as electronic tickets in capital of Latvia, Riga. Now inhabitants can register their rides on public transport in Riga and pay for public transport services from the accounts associated with their payment cards, reports BC head of external communications at Citadele bank Baiba Abelniece.
The Estonian government decided at its meeting on July 2nd 2015 to allocate more than 183,000 euros from the reserves in order to support the establishment of the building of the European Union IT Agency in Tallinn, reports LETA, referring to the government communication unit.
The European Commission has renewed integration efforts in the most complicated financial sphere – insurance service. The new Insurance Distribution Directive (IDD), intends to improve the way insurance products are sold and bring real benefits to consumers and retail investors. The IDD’s text has been approved by the EU’s “legislative trio”: the Parliament, the Council and the Commission.
The Estonian government approved on Thursday and sent to the parliament the law of amendments to the accounting law, the aim of which is to improve the quality and comparability of accounting information meant for the public and to reduce the administrative burden of micro and small entrepreneurs, LETA/Public Broadcasting reports.
Three coins issued in 2014 by the Bank of Lithuania — dedicated to Baltic Studies, the 25th anniversary of the Baltic Way and “Form” — garnered acclaim at the international commemorative coin contest Coin Constellation 2015. Here, 240 coins from 29 countries and 46 organisations were assessed, reported BC the Bank of Lithuania.
In an interview with Latvian Television today, former Latvian Finance Minister Andris Vilks said that every EU country is trying to help Greece as much as they can, but that Greece's behavior is the most shameless the EU has ever witnessed. ''They are trying to screw everyone over,'' said Vilks, cites LETA.
Estonian Foreign Minister Keit Pentus-Rosimannus announced on July 1st 2015 of submitting her resignation to the prime minister in connection with a court ruling that declared her co-responsible in the bankruptcy case of a company that belonged to her father, LETA/Postimees Online reports.
The minimum monthly wage and the old-age pension has been increased in Lithuania from 1 July 2015, reports LETA/ELTA.
Commission provides funds –through the Connecting Europe Facility, CEF to help finance key trans-European energy infrastructure projects in the member states. This is the second of the two Commission’s calls scheduled for 2015. Up to €550 million will be made available for projects contributing to a resilient energy union. Below are conditions for applicants.
The Finance Ministry wants to introduce minimum social contributions in Latvia from 2016 – regardless of a person's salary, he or she, or the person's employer will have to pay a certain amount in social contributions, as Finance Minister Janis Reirs (Unity) said during a meeting with the Latvian Pensioners' Federation on June 30th 2015, informs LETA.
The Corruption Prevention Bureau in Latvia has determined that Unity, Harmony, the Union of Greens and Farmers, as well as several other smaller parties which did not get voted into Saeima, have committed election spending violations during the 12th Saeima elections, informs LETA.