Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 25.07.2016, 16:58

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Total tax debt at EUR 1.449 billion in July in Latvia

Total tax debt at EUR 1.449 billion in July in Latvia

25.07.2016

The total amount of tax debts to Latvia's budget amounted to EUR 1.449 billion as of July 1, including EUR 962.94 million to the state budget, EUR 316.98 million to local government budgets and EUR 169.586 million in unpaid social insurance contributions, according to the State Revenue Service's data reports LETA.

Keyword tags: Financial Services, Latvia, Taxation



Fitch Ratings affirms Latvia’s long-term local currency at A-

Fitch Ratings affirms Latvia’s long-term local currency at A-

25.07.2016

International credit rating agency Fitch Ratings has affirmed Latvia’s long-term local currency rating at A-, with a stable outlook, the Latvian Treasury said in a press release.

Lithuanian police prevent EUR 3.5 mln worth of fake euro notes from getting into market

Lithuanian police prevent EUR 3.5 mln worth of fake euro notes from getting into market

25.07.2016

The Lithuanian police have prevented almost 3.5 million euros worth of fake 50-euro notes from getting into the market in the country and abroad, informs LETA/BNS.


Supreme Court orders Kargins and Krasovickis to pay over EUR 2 million to Reverta

Supreme Court orders Kargins and Krasovickis to pay over EUR 2 million to Reverta

24.07.2016

The Supreme Court's Department of Civil Cases today ruled that former Parex Banka owners and board members Valerijs Kargins and Viktors Krasovickis would have to pay more than EUR 2 million to the joint-stock company Reverta, reports LETA.

Latvian Constitutional Court opens several cases following complaints about solidarity tax

Latvian Constitutional Court opens several cases following complaints about solidarity tax

23.07.2016

The Constitutional Court has opened several cases following complaints questioning whether the so-called solidarity tax is in line with the Constitution, reports LETA.


21.07.2016

Estonia was net borrower in Q1

The Estonian economy as a whole was a net borrower in the first quarter of 2016 after a two-year interval, Jana Kask, Deputy Head of the Financial Stability Department of Eesti Pank said on Thursday.

21.07.2016

Rietumu: after Brexit Latvia could pretend for registering companies from Britain

Currently, the attention of all those who work and conduct business in a united Europe is being paid to the behaviour of British authorities after Brexit. If the country withdraws from the EU, many thousands of companies incorporated in Britain are very likely to leave their legal motherland. And a certain share of this business can be bid for by Latvia.

20.07.2016

Additional step towards EU’ genuine capital market union

European Commission proposed amendments to two funds: European Venture Capital and the European Social Entrepreneurship funds regulations, marking another step towards the creation of the Capital Markets Union.

20.07.2016

H1 operating profit of Nordea Bank in Latvia at EUR 18 mln

The operating profit of Nordea Bank in Latvia in the first half of 2016 was EUR 18 mln, down 8 % from the same period last year, the bank said in a press release, informs LETA.

20.07.2016

Decision on new head of Latvian State Revenue Service to be made next week; Kolegova remains sole candidate

The decision about the new head of the Latvian State Revenue Service is to be made next week; for now Inga Kolegova, Director General of the State Environmental Service, remains the sole candidate to the post, reports LETA.

19.07.2016

New car market expands by 20% in Latvia

During the first six months of this year, registration of new passenger and commercial cars in Latvia increased by 20% against the same period last year, LETA was told at the Auto Association.

18.07.2016

Latvijas Banka issues 2 euro commemorative coin featuring a cow

On Tuesday, 19 July 2016, Latvijas Banka is issuing a 2 euro commemorative coin featuring a cow. The coin is legal tender in the Republic of Latvia and all the euro area countries. Like any other piece of circulation money, this coin will be released to special points of coin sale and other enterprises as well as will become available to the population via commercial banks, BC informs Latvijas Banka.

18.07.2016

Eften acquires Domina shopping center in Riga, Latvia

EfTEN Kinnisvarafond II AS and KanAm Grund Kapitalverwaltungsgesellschaft mbH today announced BC that EfTEN has acquired the Domina Shopping Center from KanAm.

15.07.2016

Gjensidige posts EUR 4.5 mln loss in Baltics for H1

The Norwegian insurance group Gjensidige that acquired the Lithuanian insurer PZU Lietuva at the beginning of the year made a loss of 41.4 mln Norwegian kroner or approximately 4.5 mln euros in the Baltic countries in the first half of 2016, writes LETA/BNS.

14.07.2016

DNB Group's H1 profit in Latvia grows to EUR 22.8 million

DNB group’s net profit in Latvia in the first half of this year was EUR 22.8 million which is 2.8 times more than in the same period in 2015, according to the information from the bank. Operating profit grew 2.4 times year-on-year to EUR 21.3 million in the first half of 2016. The bank said it had achieved the profit growth thanks to increasingly good operating results and the sale of the bank's shares in VISA Europe Limited, said DNB Banka spokeswoman Anita Irbite, cites LETA.

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