Financial Services

International Internet Magazine. Baltic States news & analytics Wednesday, 08.12.2021, 14:27

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Lithuanian president signs 2021 budget bill into law

Lithuanian president signs 2021 budget bill into law

29.12.2020

Lithuanian President Gitanas Nauseda signed the 2021 budget bill with a deficit target of 7% of GDP into law on December 29th, cites LETA/BNS.

Keyword tags: Budget, Financial Services, GDP, Legislation, Lithuania, Markets and Companies



Tartu to support students' solar car project

Tartu to support students' solar car project

28.12.2020

The Tartu city government has decided to financially support a team of Estonian students who are planning to take part in the renowned Bridgestone World Solar Challenge race of solar powered cars in Australia in 2021, informs LETA/BNS.

New Year Cards and Calendars of Rietumu Bank presented

New Year Cards and Calendars of Rietumu Bank presented

28.12.2020

As with every year, we at Rietumu Bank have created special 2021 holiday greeting cards and calendars for our clients.


In 2019, household disposable income in Latvia increased by 6.8%

In 2019, household disposable income in Latvia increased by 6.8%

22.12.2020

Results of the survey conducted by the Central Statistical Bureau (CSB) in 2020 show that, compared to 2018, in 2019 household disposable income (1) increased by 6.8 %, reaching 583 euros per household member monthly.

The photo exhibition “Icons – an Exhibition about the Right to Exist” opened in Rietumu in Riga

The photo exhibition “Icons – an Exhibition about the Right to Exist” opened in Rietumu in Riga

22.12.2020

The Swedish Ambassador to Latvia, Ms Karin Hőglund, recently hosted an online broadcast from the photo exhibition “Icons – an Exhibition about the Right to Exist”, which opened in early December in Rietumu Gallery.


21.12.2020

EUR 170 mln Estonian-Latvian electricity connection to start work Jan. 1

The third Estonian-Latvian electricity connection has been completed and will commence operation on Jan. 1; the total cost of the new connection for the two countries is approximately 170 million euros, informs LETA/BNS.

18.12.2020

20.7% Estonians lived at risk of poverty in 2019

According to Statistics Estonia, 2.3% of the population of Estonia lived in absolute poverty and 20.7% lived at risk of poverty in 2019. Compared to 2018, the share of people at risk of poverty fell by one percentage point. The share of people living in absolute poverty rose by 0.1 percentage point.

18.12.2020

Crisis support for culture, sport, adults' hobby activities approved in Estonia (expands)

The Estonian government on Thursday approved an order to continue economic crisis support measures also in 2021, among other things, a support measure for areas under the area of government of the Ministry of Culture was agreed upon involving support to culture, sport and adults' hobby activities.

18.12.2020

Estonia approves EUR 435 mln state aid report

The Estonian government at its sitting on December 17th approved an overview prepared by the Ministry of Finance on state aid and "de minimis" aid granted in Estonia last year, the total amount of which was 434.7 million euros, informs LETA/BNS.

17.12.2020

EC approved EUR 70.8 mln program for Latvia to support companies affected by the Covid-19 outbreak

The European Commission has approved EUR 70.8 million program for Latvia to support companies affected by the Covid-19 outbreak, LETA learned from the European Commission's representative in Latvia, Kristine Liepina.

17.12.2020

Estonia: Up to 1 mln Saunum shares to be admitted to trading on First North

According to the Dec. 8 decision of the listing and surveillance committee of Nasdaq Tallinn, up to 1,000,000 shares of Estonian developer of sauna heaters and indoor air conditioners Saunum Group with a nominal value of 0.1 euros will be admitted to trading on the First North alternative market, writes LETA/BNS.

17.12.2020

Estonian to allocate EUR 3.5 mln for payment of blank media levy

The Estonian government on Thursday is to allocate 3.5 million euros from the reserve to the Ministry of Justice for the payment of the so-called blank media levy, which is compensation paid when creators' audiovisual work or an audio recording of their work is copied without their consent for personal use, informs LETA/BNS.

17.12.2020

Kredex rejects Cleveron's EUR 30 mln loan application in Estonia

The Viljandi, South Estonia based manufacturer of parcel robots Cleveron, which asked for a loan of 30 million euros from Kredex for the establishment of a new parcel machine network, received a negative response to its request on Monday, the regional Sakala writes, cites LETA/BNS.

16.12.2020

Lithuania's 2021 budget earmarks EUR 65 mln for vaccines, 1st batch to arrive in a week

The Lithuanian government has earmarked 65 million euros for vaccines in 2021 budget and another 80 million euros for other measures to combat the pandemic, Health Minister Arunas Dulkys said on Wednesday, cites LETA/BNS.

16.12.2020

Eesti Pank forecasts that the economy will probably recover to its pre-crisis level in the second half of next year

The latest economic forecast from Eesti Pank expects the Estonian economy to recover from the crisis in 2021 and to return to where it was before the crisis in the second half of next year.

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