Financial Services

International Internet Magazine. Baltic States news & analytics Saturday, 21.01.2017, 00:03

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Baltic Horizon Fund declared approx. EUR 1,4 mln distribution to investors

Baltic Horizon Fund declared approx. EUR 1,4 mln distribution to investors

20.01.2017

Northern Horizon Capital AS (the Management Company) as the management company of Baltic Horizon Fund (the Fund) has declared a cash distribution to its unitholders which implies a 2% yield on the Fund’s 2016 Q4 weighted average NAV, Baltic Horizon Fund representative announced BC.

Keyword tags: Baltic, Financial Services, Funds



Latvian Financial Police in cooperation with Lithuanian colleagues break up two VAT fraud rings

Latvian Financial Police in cooperation with Lithuanian colleagues break up two VAT fraud rings

20.01.2017

The Financial Police under the Latvian State Revenue Service has caught two gangs, who had been operating for nearly two years, causing great losses to the national budget through value-added tax (VAT) fraud, the State Revenue Service said LETA/BNS.

Estonian government backs three tax policy changes

Estonian government backs three tax policy changes

20.01.2017

The Estonian government at Thursday's Cabinet meeting gave its backing to lowering the income tax rate for mature companies, restricting withdrawal of profit from subsidiaries in the form of loans and easing the taxation of and financial reporting rules for self-employed persons, informs LETA/BNS.


Estonian Harju Elekter stands to make EUR 25.8 mln from sale of PKC shares

Estonian Harju Elekter stands to make EUR 25.8 mln from sale of PKC shares

20.01.2017

f the listed Estonian electrical equipment maker Harju Elekter accepted Indian Motherson Sumi's offer for PKC shares it would earn 25.8 mln euros from the transaction, reports LETA/BNS.

Low levels of investment activity mean that companies are borrowing less than before

Low levels of investment activity mean that companies are borrowing less than before

20.01.2017

Corporate debt liabilities shrank in the third quarter of 2016 despite the rapid growth in bank loans. Growth in household loans accelerated, but remained slower than growth in incomes and savings. As before, more financial assets were invested abroad or returned there than were taken in from abroad


20.01.2017

In 2015 Latvian household disposable income rose by 7.6%

Results of the survey conducted by the Central Statistical Bureau (CSB) in 2016 show that,compared to 2014, in 2015 household disposable income1 increased by 7.6 %, reaching 417 euros per household member monthly. Compared to the increase recorded in previous years – 9.3% in 2014 and 10.7% in 2013 – the income growth rate has slowed down slightly.

20.01.2017

RAM Funds Have Completed 2016 with Stable Growth

All Rietumu Asset Management (RAM) investment funds have shown positive dynamics over the past year. The highest growth has been demonstrated by the High Yield (+ 15.58%) and Global Equity (+ 15.12%) funds. These are the results published in the December review of the RAM investment funds.

20.01.2017

Anti-corruption service on blockchain. E-Auction 3.0 developer will attend Tallinn

On March 9, 2017, one will present the electronic auction service – e-Auction 3.0 – at Blockchain & Bitcoin Conference in Tallinn. This project has been developed by Ukrainian IT specialists. Its concept is to replace officials for transparent blockchain. It shows conditions, process and results of public property lease and sale auctions.

19.01.2017

What will happen to retirement economy in the Baltic States

The new term "retirement economy", as no other one, characterises realities not only of the modern labour market, but also of the world economy. The adverse demographic situation in the Baltic States allow speaking about the inability of the present retirement system for future pensioners. Besides low birth rate it is necessary to mention substantial out-migration of able-bodied population to other countries with good working opportunities. The adverse demographic situation and labour migration are the basis of pessimism and non-confidence of the population, especially of the youth, in the state retirement system.

19.01.2017

Lithuanian watchdog probes possible abuse of dominant position by Swedbank

The Lithuanian Competition Council (LCC) has launched a probe into whether or not Swedbank, one of the country's biggest banks, has abused a dominant position, reports LETA/BNS.

19.01.2017

Benin-based cheats defrauding Estonians of money with offers of unsecured loan

Six people who have lost money to cheats offering big unsecured loans via social media websites and by e-mail have turned to the Estonian police this year, informs LETA/BNS.

19.01.2017

Estonia's Eesti Energia might sell oil shale technology to Morocco

Morocco might be interested in the knowhow of oil shale studies and services of the Estonian state-owned energy company Eesti Energia, and it is possible that the company would also sell the Enefit technology to the country to process oil shale, reports LETA/BNS.

18.01.2017

Lithuanian spending on purchases lowest in Baltics

The spending of Lithuanian households on essential goods remains the lowest in the Baltic states, however, is rapidly catching up with Latvia, shows an index of household spending published by the research company Baltic Market Insights (Baltmi). According to the survey, Lithuanians spend an average of nearly 2 euros more than Latvians during a single visit to the store, however, are still behind Estonia, reports LETA/BNS.

18.01.2017

EUR 50 million hole in social budget needs to be mended quickly

The 2018 state budget will have to mend a EUR 50 million hole in the social budget, Welfare Minister Janis Reirs (Unity) said in an interview with Latvian Television, reports LETA.

18.01.2017

Estonia's tax watchdog to counsel accommodation and food sector re envelope wages

Estonian Tax and Customs Board (MTA) is to start paying more attention to undeclared cash-in-hand wages in accommodation and food establishments, and the first step is to counsel entrepreneurs regarding the employment register, according the daily Eesti Paevaleht reports LETA/BNS.

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