International Internet Magazine. Baltic States news & analytics
Tuesday, 21.10.2014, 13:17
During the first three quarters of 2014, LHV Group earned a total of 5.7 million euros in net profits, writes LETA/Äripäev.ee.
Keyword tags: Banks, Estonia, Financial Services, Loan
The key performance indicators of the biggest Lithuanian capital bank – Siauliu Bankas – as well as of the Bank's Group are indicating the dynamics of a coherent business development. Over the nine months of the year Siauliu Bankas Group generated the unaudited net profit of LTL 35.2 million (EUR 10.2 million) which is by 2.4 times more than over the respective period in 2013 when it earned LTL 14.3 million (EUR 4.1 million), writes LETA/ELTA.
There is no doubt that corrupt "tigers and flies," cadres from the top to bottom ranks, are the losers in China's anti-corruption drive. But who are the winners?
The ruling coalition parties in Latvia denied support for a motion on hiking monthly salaries for Cabinet ministers, submitted by one of their own – the Finance Ministry's parliamentary secretary, MP Lolita Cigane (Unity), reports LETA.
Monetary policy instruments are no magic solution or a "silver bullet" in dealing with the economic problems in the euro area, and it is crucial to observe budget discipline and implement structural reforms – this is the message that ran like a red thread of today's conference titled "Have We Learnt Anything from the Crisis?" and held by Latvijas Banka in Riga with the participation of the Eurosystem policy makers, representatives of international and national institutions and top scholars, reports the bank.
Based on preliminary unaudited data, in the first half of 2014, normalised earnings of state-owned enterprises (SOE) in Lithuania totalled LTL 262.8 million (EUR 76.1 million), by 1.2% more year-on-year, informs LETA/ELTA.
Russian investigators have come across capital outflow in the amount of more than one billion rubles (EUR 19 million), caused by money transfers to non-resident accounts in Latvian and Estonian banks, Russian Ministry of Interior reports.
The average gross wage in the Latvian national economy will in 2015 increase 4.5% at current prices, the Finance Ministry's experts predict, cites LETA.
The Creditors' Committee of Bank Snoras has chosen UAB Valnetas as the new bankruptcy administration company, reports LETA/ELTA.
State Culture Capital Foundation (SCCF) in the second stage of its culture program "Latvian Original Music" contest has distributed EUR 27,150, as Jana Verdina, spokeswoman of the SCCF, informed LETA.
The corporate debt was 3.3% larger at the end of the second quarter of the year 2014 than it was a year earlier, Estonia's central bank Eesti Pank said in a fresh review, cites LETA.
The Ministry of National Defence is procuring additional Javelin advanced medium range anti-tank guided missile systems for the value of USD 20 million to strengthen national defence capabilities and increase the Lithuanian Armed Forces' stock of medium-range anti-tank weaponry, reports LETA/ELTA.
The Nasdaq OMX Tallinn Stock Exchange fell on Thursday, October 16th 2014, in the midst of the global selling spree back to the year 2012, Äripäev.ee/LETA reports.
Yesterday, Saeima passed a bill on the management of companies that belong to the state or municipalities, according to which such companies will be permitted to set up councils of governors as of 2016.
Minister of Finance Rimantas Sadzius in Lithuania favourably assesses nine-month tax collection trends and says that the annual state revenue plan will most likely be fulfilled in 2014, informs LETA/ELTA.