Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 20.02.2017, 19:43

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Estonian IT company Helmes wins software tender of OECD

Estonian IT company Helmes wins software tender of OECD

20.02.2017

The Estonian software company Helmes has won a framework tender for information systems development of the Organization for Economic Cooperation and Development, reports LETA/BNS.

Keyword tags: Baltic Export, Estonia, Financial Services, Good for Business, Innovations, Internet, Markets and Companies, Technology



Renewable energy investments amount to EUR 70 mln in 2016

Renewable energy investments amount to EUR 70 mln in 2016

20.02.2017

According to data of the Estonian Renewable Energy Association, new renewable electricity capacity added last year totaled 42.19 megawatts or approximately as much as in three preceding years combined, and investments in renewable energy amounted to 70 mln euros.

Financing conditions are favourable for economic growth in Estonia

Financing conditions are favourable for economic growth in Estonia

17.02.2017

The availability of financing of companies is aided by good access to bank lending, low interest rates, and profits built up earlier Companies are borrowing more than before from Estonia, and less from abroad Growth in household loans accelerated in 2016, but remained slower than growth in incomes and savings. The loan portfolio to companies and households will grow by around 5% in the years ahead, which is about the same rate as nominal GDP


9% increase in tax revenue from excise-duty for oil products 2016 in Latviar

9% increase in tax revenue from excise-duty for oil products 2016 in Latviar

16.02.2017

EUR 465.75 mln in excise-duty from oil products sold in Latvia was collected last year, which is by EUR 37.43 mln or nine percent more than the previous year, according to information from the State Revenue Service writes LETA.

Moody’s affirms credit rating of Latvia’s Latvenergo power utility at Baa2

Moody’s affirms credit rating of Latvia’s Latvenergo power utility at Baa2

16.02.2017

International credit rating agency Moody's has once again affirmed the credit rating of Latvia’s Latvenergo power utility at Baa2, with a stable outlook, the company said in its statement to the Nasdaq Riga stock exchange.


16.02.2017

With the support of Rietumu Bank, the Wings of Business Award Will Be Held in Moscow

On Friday, the Russian national award for achievements in business aviation – the Wings of Business – will be held in Moscow for the first time. Rietumu Bank is the general sponsor of this event.

16.02.2017

Tieto Latvia has developed national instant payments software for Kenya

Tieto Latvia IT company has developed national level instant payments platform for Kenya, BC learned from the company.

15.02.2017

Finance Ministry expects Latvian economy to grow 3.2% this year

Latvia’s economic growth will accelerate to 3.2% this year and 3.4% in 2018, according to the Finance Ministry’s forecast writes LETA.

15.02.2017

RAM experts: “January Turned to Be a Record Month with Regard to the Number of Corporate Bonds Issued in the United States”

Rietumu Group specialists have prepared a review of the profitability of investment funds of Rietumu Asset Management in January. The review includes an analysis of key economic indicators, the monetary policy. It provides comprehensive information on the situation on stock markets, bond, currency and commodity markets. The review is accompanied with extensive comments from experts.

15.02.2017

INVL Asset Management to offer informed investors the chance to invest in forests

INVL Asset Management, one of Lithuania’s leading asset management companies, has established the first closed-end umbrella fund intended for informed investors, the INVL Alternative Assets Umbrella Fund, and its subfund, the INVL Baltic Forests Fund I. They began operations on 13 February this year after the Bank of Lithuania approved the fund rules, INVL announced to the Vilnius Bourse.

15.02.2017

Estonia and Latvia jointly purchase rotavirus vaccine

The Estonian Social Ministry held the first successful joint tender with the Latvian Health Ministry to purchase rotavirus vaccine and as a result both countries saved money, reports LETA/BNS.

15.02.2017

Daugavpils Lokomotīvju Remonta Rūpnīca won tender in Poland

On February JSC “Daugavpils Lokomotīvju Remonta Rūpnīca” received first locomotive TEM2 (SM48) for repair from Poland company PKP Linia Hutnicza Szerokotorowa spółka z o.o., DLRR said in its statement.

15.02.2017

Reverta distressed asset manager pays EUR 3.7 mln in interest to Latvian Treasury

Since August 2010 Reverta has repaid the State Treasury EUR 430.1 mln but the total of various payments to the State amount to EUR 690.3 mln, including EUR 16 mln in the form of tax payments, Reverta said in its statement.

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