Financial Services

International Internet Magazine. Baltic States news & analytics Saturday, 18.04.2015, 10:16

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Human Development Awards 2015 announced in Latvia

Human Development Awards 2015 announced in Latvia

17.04.2015

On April 16th 2015 during the Awards Ceremony and Dinner at the State Gymnasium No.2, the winners of the Human Development Award 2015 were announced in Latvia: Jurmala Protection Association, subsidiary of Tautskola 99 Baltie zirgi „Ikskiles Briva Skola”, “Ronald McDonald House Charities Latvija” Care Mobile and Andris Ceksters, reported BC executive director at AmCham Latvia Liga Smildzina-Bertulsone.

Keyword tags: Education and Science, EU – Baltic States, Financial Services, Forum, Good for Business, Latvia, Society



Criminal case opened on "Expo 2015" fiasco for Latvia

Criminal case opened on "Expo 2015" fiasco for Latvia

17.04.2015

The Prosecutor General's Office in Latvia has opened a criminal case to determine what and who exactly was behind Latvia's non-participation in "Expo Milano 2015", but spending over EUR 1 million for it, informs LETA.

Estonian government approves of 100-day action plan

Estonian government approves of 100-day action plan

17.04.2015

The Estonian government approved on Thursday the action plan, submitted by the Government Office and prepared according to the guidelines of the prime minister for fulfilling the priority objectives of the government for the first 100 days in office, reports LETA the government communication unit.


Riga Circus hopes to revive fire-damaged premises by early July

Riga Circus hopes to revive fire-damaged premises by early July

17.04.2015

Following the major blaze at the Riga Circus complex in downtown Riga, and the shock and time period needed to come to grips with it, Riga Circus management now estimates it will be at full throttle again by early July 2015, reports LETA.

Amount of new loans expected to grow 20-25% in Latvia in 2015

Amount of new loans expected to grow 20-25% in Latvia in 2015

16.04.2015

The amount of newly-issued loans in Latvia is expected to increase 20-25% in 2015, reports LETA, according to Swedbank forecasts.

16.04.2015

Ergo increases market share; EUR 1.99 mln losses in Baltics in 2014

The total earnings of the insurance company Ergo in the Baltic States reached EUR 5.15 million in 2014. Ergo invested a significant amount funding into reviewing its IT strategy, which caused EUR 1.99 million losses for the company, reports LETA, according to Ergo.

16.04.2015

Worse than expected economic forecast means a 100 mln euro challenge for Estonia

The Estonian government will start discussing how to cope with a worse than expected economic forecast, which indicates the need to cut costs by a total of 100 million euros in the coming years, or find additional sources of revenue, LETA/Public Broadcasting reports.

16.04.2015

Share capital increase of airBaltic finalised

During the shareholders' meeting of the Latvian airline airBaltic on Tuesday, April 14th 2015, a final decision was made to finalise an increase of the company’s share capital, reported BC the head of the communications department of Transport ministry Aivis Freidenfelds.

16.04.2015

Deposit interest rates in Estonia fall to zero in April

If someone wants to deposit their savings in SEB bank in Estonia, for example, and goes to the bank's home page, he sees that the interest rates offered for all euro deposits with up to 3 year deposit period are zero, LETA/Postimees Online reports.

16.04.2015

In April, Lithuania in terms of gold reserves was 82nd in the world

In April 2015, Lithuania in terms of gold reserves was 82nd in the world. According to Rasa Platukiene, head of the Trade Unit of the Investment Management Department of the Banking Services of the Bank of Lithuania, such reserves are sufficient and the Bank is not planning either a decrease or an increase, writes LETA/ELTA.

16.04.2015

Decision on additional macro-financial assistance to Ukraine takes effect

On April 15th in Brussels, the Latvian Foreign Ministry's Parliamentary State Secretary for EU Affairs, Zanda Kalnina-Lukasevica, signed a decision on behalf of the Council of the European Union on providing additional micro-financial assistance to Ukraine, the Foreign Ministry informed LETA.

16.04.2015

Multifunctional complex in Vilnius given go-ahead

Vilnius City Municipality Council approved of the construction of a multifunctional health, education and activity centre in Vilnius. A tender for investors should be announced in May 2015, reports LETA/ELTA.

16.04.2015

Estonian milk producers won’t get 2.8 mln euros of emergency assistance

Estonian Finance Minister Sven Sester rejected the request of the previous Minister of Agriculture Ivar Padar to allocate from the government reserves 2.8 million euros to grant milk producers emergency assistance, LETA/Public Broadcasting reports.

16.04.2015

Green light from ECB on sale of Citadele

The final decision made on April 15th by the European Central Bank's (ECB) board of supervisors has officially cleared the way for the pending sale of Latvia's Citadele Bank. The international investors involved were given authorization by ECB to acquire the entire state-owned chunk, informs LETA.

15.04.2015

Funding from EU Structural Funds reduced for Latvian ports

Cargo turnover at Riga Port could increase to 49 million tons in 2020, at Liepaja Port – to 12 million tons, Ventspils Port – to 30 million tons, according to the Latvian Port Development Program 2014-2020, which was approved by the Latvian Ports, Transit and Logistics Council today, cites LETA.

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