Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 02.09.2014, 09:44

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Latvian Revenue Service investigating VAT fraud case in connection with Slesers

Latvian Revenue Service investigating VAT fraud case in connection with Slesers

02.09.2014

The State Revenue Service of Latvia (SRS) is currently on a criminal case connected with possible fraud connected to the construction of Ainars Slesers' (United for Latvia) house in Jurmala, as the LTV news magazine "De Facto" reported last night, cites LETA.

Keyword tags: Financial Services, Latvia, Legislation, Real Estate, Taxation



China's economy faces challenges despite steady performance

China's economy faces challenges despite steady performance

01.09.2014

China's economy is facing multiple domestic and international challenges despite its steady performance in the past seven months of 2014, said a senior economic official in Beijing on Wednesday.

Bigbank boost loan portfolio by 1.8 mln euros in Q2

Bigbank boost loan portfolio by 1.8 mln euros in Q2

01.09.2014

Bigbank’s loans portfolio grew by 0.6% in the second quarter of 2014, by 1.8 million euros, writes Äripäev.ee/LETA.


Rietumu banka posts record-high profit in H1

Rietumu banka posts record-high profit in H1

01.09.2014

The joint-sock company Rietumu banka Group posted EUR 36.63 million in net profit after tax in the first half of the year 2014, whereas the bank's net profit after tax amounted to EUR 37.643 million, according to Rietumu banka financial statement for the January-June period submitted to the NASDAQ OMX Riga stock exchange, informs LETA.

Negotiations between health care professionals and hospitals in Estonia without progress

Negotiations between health care professionals and hospitals in Estonia without progress

01.09.2014

Negotiations between health care professionals’ organisations and the Association of Hospitals are proceeding with great difficulties as parties find it difficult to find common ground, writes LETA/Postimees Online.

01.09.2014

Net asset value of Invalda LT was EUR 46 mln in H1

Invalda LT is one of the major companies in Lithuania investing in other businesses and managing assets. Consolidated net profit attributable to shareholders of AB Invalda totaled to LTL 18.8 million (EUR 5.4 million), in the same period of 2013 it was LTL 92.2 million (EUR 26.7 million), the company said in a statement, cites LETA/ELTA.

01.09.2014

Lithuanian president met with Ukrainian leader

Lithuanian President Dalia Grybauskaitė met with Ukrainian President Petro Poroshenko at the summit meeting of EU leaders in Brussels and expressed Lithuania's support for the European reforms implemented in Ukraine, to its sovereignty and territorial integrity, reports BC press service of Lithuanian President.

01.09.2014

EU gives Russia new sanctions ultimatum

European Union leaders on Sunday gave Russia a week to reverse course in Ukraine or face a new round of sanctions as Kiev warned it was on the brink of "full-scale war" with Moscow, informs LETA/AFP.

01.09.2014

20.6% Lithuanians were living below at-risk-of-poverty threshold in 2013

Statistics Lithuania informs that in 2013, according to the data of the Survey on Income and Living Conditions, the at-risk-of-poverty rate in Lithuania stood at 20.6%. Compared to 2012, it increased by 2 percentage points. In 2013, about 610 thousand persons in the country were living below the at-risk-of-poverty threshold, reports LETA/ELTA.

01.09.2014

Only one agricultural enterprise has requested direct State aid in Estonia

Estonian Minister of Agriculture Ivari Padar said that the Russian food imports ban has hit the producers of milk and pork and the fisheries industry the hardest, writes LETA/National Broadcasting.

29.08.2014

Average monthly net wages and salaries in Latvia grew to 557 euros in Q2

Latest data compiled by the Central Statistical Bureau of Latvia show that, as compared to the corresponding periods of the previous year, average wages and salaries in the 2nd quarter of 2014 have risen slower than in the first quarter of this year.

29.08.2014

In Q2, average monthly gross wages exceeded 1,000 euros in Estonia

According to Statistics Estonia, in the 2nd quarter of 2014, the average monthly gross wages and salaries were 1,023 euros and increased 4.8% compared to the 2nd quarter of the previous year.

29.08.2014

Flight tickets for Air Lituanica can now be purchased with bitcoins

The growing value of electronic currency – bitcoin – attracts increasingly more users; that is why it is now possible to pay in bitcoins in Lithuania too. The aviation market is also open to innovations – as of now flight tickets for the Lithuanian airline Air Lituanica operated flights may be purchased with bitcoins, reported BC airline’s press service.

29.08.2014

Liepajas metalurgs to be sold to Russian millionaire or Ukrainian company

Talks on the sale of the insolvent joint-stock metallurgical company Liepajas metalurgs will continue with two bidders – Luxembourg-based United Group, which belongs to Russian millionaire Igor Shamis, and the Ukrainian company KVV Group, as Liepajas metalurgs insolvency administrator Haralds Velmers told a press conference today.

29.08.2014

Reverta returns EUR 66.7 mln to Latvian State Treasury in H1

The asset management company Reverta (formerly Parex banka) has returned EUR 66.7 million to the State Treasury in the first six months of 2014, including a significant amount of debt before the term, reports LETA.

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