International Internet Magazine. Baltic States news & analytics
Monday, 21.09.2020, 21:43
Re:Baltica: Some of Yanukovich's plundered funds may have gone through five banks in Latvia
21.09.2020Ukraine’s ousted president Viktor Yanukovych, his associates and competitors might have used several Latvian banks for their illegal funds, including Aizkraukles Banka (now ABLV Bank), Baltikums Bank (now BlueOrange Bank, Baltic International Bank, now closed Trasta Komercbanka (TKB) and PrivatBank, said Re:Baltica investigative journalism center, citing FinCEN Files, LETA informed.
Keyword tags: Analytics, Banks, Financial Services, Latvia, Legislation, USA
Latvia: coalition reaches agreement on 2021 budget and main principles of tax reform
21.09.2020After lengthy discussions, the ruling coalition parties today reached agreement on the 2021 state budget and the main principles of the pending tax reform, writes LETA.
Ignitis share to cost EUR 22.5 to 28 at IPO
21.09.2020Starting from September 21, Nasdaq Vilnius will run the Lithuanian state-owned energy group Ignitis Group's share auction as a part of its initial public offering (IPO), during which approximately 470.3 to 585.2 mln euros' worth of shares will be listed and the price range of a share is 22.5 to 28 euros.
SEB survey: Consumption in Estonia at same level as last year at end of summer
21.09.2020An analysis of consumer behavior conducted by SEB among Estonian people in August shows that consumption reached the same level by the end of summer as at the same time last year, reported LETA/BNS.
Latvian startups attract investments worth EUR 13 mln in eight months
21.09.2020In the first eight months of this year, Latvian startups attracted investments worth EUR 13 mдn, said Diana Lace-Davidova, the executive direction of the Latvian association of startups, Startin.lv, in a forum today, referred LETA.
Recipients of unreported wages in Latvia receive by EUR 400 less in sick benefits
Recipients of unreported wages receive by EUR 400 less in sick benefits than those who pay all taxes, said State Revenue Service general director Ieva Jaunzeme in an interview with the Latvian public radio, cites LETA.
Latvian railway company will need state support until 2025
Latvijas Dzelzcels (LDz) railway company will need financial support from the state until 2025, said LDz board chairman Maris Kleinbergs in an interview with LETA.
Estonian farmers want transitional natl aid payments ensured in full permitted amount
The Estonian Chamber of Agriculture and Commerce has described it as very important that the government pay the transitional national aid to agricultural producers in the biggest permitted amount next year and in the year after that, writes LETA/BNS.
Peter Bosek to take over as Luminor Bank CEO on January 1 next year
Peter Bosek will take over as Luminor Bank chief executive on January 1 next year, the bank told BC.
Basic pay for civil servants in Lithuania to go up by 1 euro in 2021
The basic pay rate for politicians, judges, officers, civil servants and other employees of budgetary institutions will not be restored to the pre-crisis 2009 level of 183 euros in 2021 due to the coronavirus crisis and a drop in wages in the private sector, Social Security and Labor Minister Linas Kukuraitis says, cites LETA/BNS.
Latvia: EUR 1.9 mln worth of EU funds spent inappropriately in H1
EUR 1.9 mln have been improperly spent from European Union (EU) funds in the first half of this year, according to a report prepared by the Ministry of Finance (MoF) on the use of EU funds.
Rietumu Bank's comment to the Telegraph magazine
Latvian business magazine the Telegraph has published an article on how the recent Covid-19 emergency situation affected the operation of the banks.
Poland's Finnovative Solutions gets payment institution license in Lithuania
The Board of the central Bank of Lithuania has granted Polish-capital company Finnovative Solutions a payment institution license authorizing to offer payment initiation and account information services, reported LETA/BNS.
Estonia joined the Three Seas Investment Fund
The board of the Three Seas Investment Fund, yesterday confirmed that Estonia joined the fund as core investor. The Government decided to participate in the Fund in April of this year and Estonia will invest up to 20 million Euros into the Fund.
The first 35 million dollar longevity medicine-focused venture capital fund for startups is established in Baltic
LongeVC - an investment group backed by the most prominent advisory board in the longevity industry - has announced its first official early-stage investment fund that is going to be based in Latvia. This news comes together with the announcement of the first exit - Deep Longevity, Inc. has been acquired by the company Regent Pacific.
Post-covid: looking forward 
