International Internet Magazine. Baltic States news & analytics
Monday, 19.08.2019, 06:59
AS PNB Bankas's new shareholders and Management Board announcement
18.08.2019On Sunday evening, a statement was published on the website and on the pages of the National Bank of the Bank of new shareholders and the bank's board. Below is the full text of the statement.
Keyword tags: Banks, Financial Services, Latvia, Legislation
Two Estonians charged in Finland's largest ever money laundering case
16.08.2019Finnish authorities are accusing two men originally from Estonia of extensive money laundering and the Finnish National Bureau of Investigation (NBI) believes that Russian organized crime is behind the money laundering scheme, Finnish public broadcaster Yle reported on Friday reffered LETA.
40% of PNB Banka clients are senior citizens
16.08.2019According to information from the Financial and Capital Market Commission (FKTK), 40% of PNB Banka's clients are senior citizens, reported LETA/BNS.
Citadele Bank to pay guaranteed compensation to PNB Banka customers
16.08.2019Citadele Bank will pay guaranteed compensation to PNB Banka customers, Jelena Lebedeva, head of the Financial and Capital Market Commission's (FCMC) Resolution and Guarantee Funds Division, told LETA on Friday.
FCMC suspends the provision of financial services by JSC PNB Banka and decides on the unavailability of deposits
15.08.2019The European Central bank (ECB) as a direct supervisor of JSC PNB Banka, on 15th of August, 2019 decided to recognize the bank as failing or likely to fail financial institution. Whereas the European Single Resolution Board (SRB) has decided not to take resolution of JSC PNB Banka, which means not to take actions to stabilize the Bank’s activities, announced Financial and Capital Market Commission (FCMC).
Estonia: Elering pays out EUR 5.3 mln in renewable energy subsidy in July
Estonian transmission system operator (TSO) Elering paid out altogether 5.3 mln euros in renewable energy support and high-efficiency cogeneration support in July, reported LETA/BNS.
Swedbank Estonia to lower management fees for 2nd pillar funds
Swedbank Estonia is about to cut the management fees for second pillar pension funds by about one-fifth from September, reported LETA/BNS.
Latvia's 2020 budget will be its largest yet - PM Karins
Next year Latvia’s budget will be as large as never before and exceed EUR 10 bn, Prime Minister Krisjanis Karins (New Unity) said today in an interview with the Morning Panorama program of Latvian Television.
Latvian state recovers part of sum Winergy wind park has to repay by court order
The Latvian Environment Protection and Regional Development Ministry has recovered part of the EUR 2.13 mln Winergy wind park has to repay the Latvian state in line with the court order, LETA learned from the ministry.
EUR 639 mln paid out in pensions, family allowances in Estonia in Q2
The Estonian Social Insurance Board paid out over 639 mln euros in pensions, disability allowances and family allowances in the second quarter of 2019, informed LETA/BNS.
Estonian startup Make Commerce launching operations in Lithuania
Make Commerce, an electronic business payments processing startup owned by Estonia's Inbank and the Omniva Group, is launching operations in Lithuania, informed LETA/BNS.
Hong Kong-listed fintech company establishes business in Lithuania
The Hong Kong-listed fintech company China Binary New Fintech Group is establishing its business in Lithuania, reported LETA/BNS.
Estonia: Eften Real Estate Fund III sees revenue increase, profit decline on month in July
Eften Real Estate Fund III net profit declined from 1.7 mln euros in June 2019 to 429,000 euros in July, the fund's sales income for last month grew 2% month on month to 784,000 euros, reported LETA/BNS.
Lithuania: The world's first digital collector coin is under way
The Bank of Lithuania has signed a contract for programming the world’s first digital collector coin which, together with its physical version, is expected to be issued at the beginning of 2020.
Fair taxation: new European rules would resolve tax disputes quicker and easier
New EU rules will ensure quicker and more effective resolution of tax disputes among the states, making life easier and offering much more tax certainty for businesses and individuals experiencing double taxation issues.
Bologna process: 20 successful years 
