International Internet Magazine. Baltic States news & analytics
Tuesday, 14.08.2018, 11:33
Israel's Nayax opens its branch in Lithuania
13.08.2018Izrael's Nayax, a global leader of cashless payment solutions and management platform for unattended retail, has been issued a Payment Institution (PI) license from the Board of the Bank of Lithuania. With the changes in PSD2, and issuance of the Payment Institution license, Nayax will continue to provide money remittance services to customers in the EEA (European Economic Area) zone.
Keyword tags: Financial Services, Good for Business, Lithuania, Technology
Specialized Latvian bank FinnQ entering Lithuania
10.08.2018The Latvian-capital business group VIA SMS Group's specialized bank FinnQ is entering Lithuania, becoming the first specialized bank in the country. And the group's another financial services company, Vialet, will also start operations in Lithuania in the fall, informed LETA/BNS.
Estonia: Real beneficiaries of companies to be declared as of September
10.08.2018The real beneficiaries of all companies registered in Estonia need to be declared in the commercial register as of Sept. 1.
Latvia has absorbed all EU funding allocated in programming period 2007-2013
09.08.2018Latvia has received and used up all financial support from the European Union’s funds that was made available to Latvia in the programming period 2007-2013, the Finance Ministry said in its monthly report on progress in the implementation of the cohesion policy and EU-funded projects, informed LETA/BNS.
Estonia's Unemployment Insurance Fund makes proposal to leave premium unchanged
09.08.2018The supervisory board of the Estonian Unemployment Insurance Fund has made a proposal to the government to leave the unemployment insurance premium rates at the present level for the next four years, reports LETA/BNS.
EBRD to convert loan into Lithuania's Siauliu Bankas' shares
The European Bank for Reconstruction and Development, one of the shareholders of Lithuania's Siauliu Bankas, will convert its 20 mln-euro subordinate loan, issued to the bank in 2013, into the bank's shares, informs LETA/BNS.
Bank of Lithuania presents position regarding tax and pension system reform
With the Government having launched a public consultation, the Bank of Lithuania presents its assessment of and proposals for the presented changes in the tax and pension system. The assessment relays the results of the central bank’s analysis of whether the changes are well-suited to tackle two major corresponding issues: insufficient capacity in public finances and the adverse impact of demographic factors on the pension system.
Payments to become even simpler and faster in Lithuania
Payments to become even simpler and faster in Lithuania
IPO among the options for airBaltic’s future ownership
Latvian carrier airBaltic could pursue an initial public offering (IPO) as one of its ownership options, as its 2018 performance continues to track ahead of 2017, informed ATWonline.com.
Latvia adheres to the highest tier in the International Monetary Fund's Data Dissemination Standards Initiatives
As of 1 August 2018, Latvia adheres to the IMF's Special Data Dissemination Standard Plus (SDDS Plus), becoming the seventeenth country in the world that implements the highest tier in the IMF's data dissemination standards initiatives.
SEB Banka extends EUR 418 mln in corporate loans in H1
During the first six months of 2018, SEB Banka extended EUR 418 mln in loans to Latvia’s businesses, which is 27% more than in the same period a year ago when the bank extended EUR 328 in corporate loans, informs LETA referring to the bank.
Latvian banking sector has gotten rid of undesirable shell companies – regulator
As at July 7, 2018, the share of high-risk shell companies’ deposits accounted for 0.03% of all deposits held by Latvian banks, representatives of the Financial and Capital Market Commission (FCMC) told, adding that the remaining bad deposits were mostly frozen money, informs LETA.
Economic growth is driven by household consumption, investment and exports
The development of Lithuania’s economy continues at a rapid pace, even though less favourable developments in the international environment has dampened external demand growth, thus resulting in significant slowdown in export growth in the first half of 2018. Construction sector, following a few years’ break, is again among the economic activities contributing the most to the growth of domestic economy. The Bank of Lithuania’s experts continue to expect the development of domestic economy to remain relatively robust this year.
Estonian parlt committee to gather Tuesday to discuss Danske money laundering case
The legal affairs committee of the Estonian parliament will hold an extraordinary sitting on Tuesday to discuss the responsibility of authorities concerning the case of extensive money laundering through the Estonian branch of Danske Bank, reported LETA/BNS.
Modern solutions to the Baltics’ banking sector
