Financial Services

International Internet Magazine. Baltic States news & analytics Friday, 24.03.2017, 18:04

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Riga International Coach Terminal sees number of passengers drop 7.6%

Riga International Coach Terminal sees number of passengers drop 7.6%

24.03.2017

During the first two months of this year Riga International Coach Terminal saw the number of passengers drop 7.6% from the same period a year ago to 232,421 people, LETA was told at the terminal.

Keyword tags: Financial Services, Latvia, Markets and Companies, Transport



Nuta wants to build used oils recycling facility in western Lithuania

Nuta wants to build used oils recycling facility in western Lithuania

24.03.2017

Another attempt to use EU funds to build an automotive oil recycling facility is being planned in Lithuania after the first such enterprise, which obtained 2.3 mln euros in investments back in 2009, has not yet launched operations, LETA/BNS writes according to the business daily Verslo Zinios.

General government debt in Estonia declined again

General government debt in Estonia declined again

24.03.2017

According to the preliminary data of Statistics Estonia, in 2016, the Estonian general government surplus was 0.3% and the gross debt level was 9.5% of the gross domestic product.


Lithuanian energy producer LEG approves EUR 0.02 dividend for H2 2016

Lithuanian energy producer LEG approves EUR 0.02 dividend for H2 2016

24.03.2017

Lithuania's state-owned electricity production group Lietuvos Energijos Gamyba (Lithuanian Energy Production, or LEG) is set to distribute 12.702 million euros as dividends, or 0.02 euros per share, to shareholders for the second half of 2016, bringing to 40.01 mln euros the total dividend payout for the year, reports LETA/BNS.

Danske Bank looking for buyer for Estonian retail business

Danske Bank looking for buyer for Estonian retail business

24.03.2017

Danske Bank has begun searching for a buyer for its retail banking business in Estonia in the wake of revelations that its Estonian bank was used in a scheme to secretly channel billions of dollars out of Russia, according from a report published by the Danish business newspaper Borsen writes LETA/BNS.


23.03.2017

Bank of Latvia raises 2017 inflation forecast to 2.7%

The Bank of Latvia has raised the inflation forecast for this year from 1.6% to 2.7%, the bank reported.

23.03.2017

Concert of the American Ballet Stars in Riga Was a Success

The performance of the stars of American Ballet in Riga, organised with the support of the Rietumu Bank and Rietumu Charity Fund, was a great success. During two parts of the concert, both classical dance and modern choreography were presented. The concert was held at the sold-out notice. The artists were repeatedly encored.

23.03.2017

Nesta calls for SME innovation from anywhere in the world with £5m prize fund

UK-based innovation foundation Nesta has launched its “Open Up Challenge” as it looks for services, apps and tools for SMEs. The competition is now open for entries, BC learned from the Nesta`s site.

23.03.2017

Lithuania's stevedoring co Klasco to pay out EUR 3.5 mln as dividends

laipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring Company, or Klasco), which is part of Achemos Grupe (Achema Group), will distribute 3.47 mln euros as dividends to shareholders, or 0.233 euros per share, after posting a 50-mln-euro pretax profit for 2016, reports LETA/BNS.

23.03.2017

Baltic Horizon Fund acquired office building in Vilnius

Baltic Horizon Fund (the Fund) announced on 19th of January 2017 a plan to sign a sales purchase agreement to acquire Duetto I office property in Vilnius, Lithuania, reportds funds representative.;.

22.03.2017

USD payments may become a problem for Estonian banks

Following revelations in the media of alleged money laundering committed using Estonian banks, making U.S. dollar payments in Estonia and Latvia may become extremely difficult if Deutsche Bank should stop handling dollar settlements here, Aivar Paul, head of prevention of money laundering at LHV Pank, said LETA/BNS.

22.03.2017

Ameriks earns almost EUR 200,000 from payday loan businesses in 2016

Riga Vice-Mayor Andris Ameriks (Honor to Serve Riga) last year earned almost EUR 200,000 from the lending company 4finance and finance lease company Mogo, according to Ameriks' tax return for 2016 writes LETA.

22.03.2017

Lithuania`s Hidrostatyba and Latvia`s BMGS to reconstruct VLG shipyard's embankments

The embankments used by Vakaru Laivu Gamykla (Western Shipyard, or VLG), a Lithuanian shipbuilding and repairing group controlled by Estonia's BLRT Grupp, will be reconstructed by construction company Hidrostatyba and Latvia's BMGS for 14.837 mln euros, reports LETA/BNS.

22.03.2017

Capital of Latvia's private pension funds grows 2.1% in January-February

During the first two months of 2017, Latvia's private pension funds increased their aggregate capital by EUR 7.92 mln or 2.1 % to EUR 388.517 mln, according to the information released by the Latvian Association of Commercial Banks writes LETA.

22.03.2017

Avg milk purchase price in Estonia soars 40% on year

The average purchase price of raw milk in Estonia was 325.53 euros per ton in February, 40% higher than in the same month a year ago, Statistics Estonia said on Wednesday.

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