International Internet Magazine. Baltic States news & analytics
Thursday, 18.10.2018, 21:25
Tallink repays EUR 120 mln worth of bonds
18.10.2018The listed Estonian shipper Tallink Grupp has repaid in the total amount of 120 million euros senior unsecured bonds worth 900 mln Norwegian kroner that were issued and listed on the Oslo stock exchange in October 2013, informed LETA/BNS.
Keyword tags: Estonia, Financial Services, Transport
Ministries' spending on salaries rises EUR 5.7 mln in 2017 - State Audit Office
18.10.2018Ministries' spending on salaries amounted to EUR 94 million in 2017, which is 6% or EUR 5.7 mln more than in 2016, according to the results of an audit of state and municipal budgets carried out by the State Audit Office.
Companies have started to borrow more in Estonia
18.10.2018Companies took loans from banks and from elsewhere. Growth in corporate debt could be a sign of increasing investment. Households are borrowing enthusiastically, especially from banks. The risks from the rapid growth in credit are eased by growth in incomes and savings.
Baltic countries to cooperate closer in development of capital market
18.10.2018The Baltic states will cooperate closer in promoting development of the capital market, the Latvian Finance Ministry reported.
EBRD to buy EUR 150 mln worth of Luminor bonds
18.10.2018The European Bank for Reconstruction and Development (EBRD) is to invest up to 150 million euros in a series of senior bonds issued by Luminor Estonia under its European Medium Term Note (EMTN) program in order to support the bank in its efforts to become a self-funded and independent pan-Baltic financial institution, informed LETA/BNS.
A new EU budget: Erasmus program increases twice
According to a new EU budget for 2021-2027, students’ international exchange will be doubled and participants quantity will be arisen from 4 mln till 12 mln people. As commisioner Gunter Ottinger told, every 10th student in Europe could get international expierence at next decade.
Why inflation rate of close to 3% is healthy for Latvia at this stage
In September, annual inflation exceeded 3% for the first time in 13 months. For the second consecutive year, the consumer price rise in Latvia was slightly faster than in the euro area on average. This article will look at the underlying factors of the above and why an inflation rate close to 3% is a sign of a healthy economy at this stage.
Estonia to render regulation of parental benefits more flexible
Amendments to the Family Benefits Act will be put to a final vote at the Estonian parliament on Wednesday seeking to grant parents the opportunity to use their parental leave at the same time and take care of their baby together, informed LETA/BNS.
58 mln euros paid in advance single area payments to Latvian farmers on the first day
The Rural Support Service of Latvia on Tuesday paid more than 58 mln euros in advance single area payments to a record number of customers – 36,000, informs LETA referring to the service.
Additional 232 mln euros allotted for co-financing EU projects until end-2018
Additional 232 mln euros will be allotted from the state budget to co-finance European Union's policy instruments and other foreign financial aid projects in Latvia, informs LETA referring to the Cabinet of Ministers of Latvia.
EC proposal on the Cohesion Policy is not acceptable, since it does not reduce inequality among EU Member States – Rinkevics
On October 16, 2018, Latvian Foreign Minister Edgars Rinkevics took part in the meeting of the European Union’s (EU) General Affairs Council in Luxembourg, at which ministers discussed progress in negotiations on the EU Multiannual Financial Framework for 2021 to 2027, including competitiveness-related programs (for instance, the Horizon Europe research program, and the Connecting Europe Facility, which provides funding for the Rail Baltica project as well as defense and security, informs LETA.
Latvijas Auto general meeting sacks association's council
Council of Latvijas Auto association of Latvian freight and passenger road transportation companies was dismissed at the association's general meeting today, informs LETA.
Surplus on the current account continues to increase in Lithuania
The Bank of Lithuania published the balance of payments data for August 2018, which shows that the surplus on the current account balance amounted to 136.8 mln euros and, compared to July 2018, increased by 21.7%.
Lithuania's 2019 budget to help improve people's quality of life – PM
Lithuania's budget for 2019 will be socially responsible and will help improve the quality of life for a large part of the population, Prime Minister Saulius Skvernelis said on Tuesday, cities LETA/BNS.
EfTEN Capital launched its fourth real estate fund with a first closing of 95 mln euros
EfTEN Capital, the leading real estate asset manager in the Baltics, has an addition to its fund family by launching its fourth fund „Usaldusfond EfTEN Real Estate Fund 4“ which will focus on Baltic commercial real estate investments. The first closing was completed by Baltic institutional investors and EfTEN Capital partners at 95 mln euros of committed capital.
Social dimension in national policies 
