Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 18.06.2018, 19:56

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Top court leaves decision in force in one of Estonia's 1st private sector corruption cases

Top court leaves decision in force in one of Estonia's 1st private sector corruption cases

18.06.2018

Teet Jarvet, found guilty by a court in July 2017 of soliciting a bribe while serving as an owner supervision official in construction, lost also in the Estonian Supreme Court since the court announced on Monday that it left the decision of the circuit court unchanged, informs LETA/BNS.

Keyword tags: Corruption, Estonia, Financial Services, Legislation, Markets and Companies, Real Estate



Indian sellers using Estonian e-residency to access EU markets, PayPal system

Indian sellers using Estonian e-residency to access EU markets, PayPal system

18.06.2018

Indian sellers on the Amazon platform are using Estonia's e-residency program to access European markets and the Paypal payment system, the news portal Economic Times reports, cites LETA/BNS.

Rietumu Bank completing the termination of cooperation with high-risk companies

Rietumu Bank completing the termination of cooperation with high-risk companies

18.06.2018

Rietumu Bank plans to conclude the termination of the cooperation with more than 90% of companies classified as a high risk customers by the end of summer. The progress made by the bank in this area has received positive evaluation of Latvian financial industry oversight bodies, as well as international partners.


All six Vairak Saules restaurants have resumed work

All six Vairak Saules restaurants have resumed work

18.06.2018

All six of the Vairak Saules restaurant have resumed work today after police raided them earlier this week, LETA has found out. The restaurant chain's spokeswoman Laura Minskere also confirmed this information to LETA.

EU Budget – what about Eastern Europe?

EU Budget – what about Eastern Europe?

15.06.2018

The European Commission (EC) presented its proposal for the European Union (EU) Budget 2021- 2027 also known as the Multiannual Financial Framework (MFF), on 2nd May 2018. DBRS foresees a period of long and complex negotiations, particularly for those member states facing the prospect of higher contributions and those that might receive less funds.


15.06.2018

Government ready to increase Estonia's contribution to EU budget

The government on June 14th endorsed the initial positions of Estonia for the negotiations on the European Union's next long-term budget, according to which the government is prepared to increase Estonia's contribution to the EU budget, reports LETA/BNS.

15.06.2018

5 counties to receive EUR 20 mln from Enterprise Estonia for investments

Enterprise Estonia (EAS) has supported 20 projects aimed at strengthening regional competitiveness in Jarva, Laane, Tartu, Viljandi and Valga counties with approximately 20 million euros, informs LETA/BNS.

15.06.2018

iRietumu internet bank issues new web version

Rietumu Bank has launched a new internet bank web version for its customers, informed BC Rietumu’s press service.

14.06.2018

Latvia to compete for EU support to innovation

Latvia will get involved in the competition for the European Union’s financial support to developers of innovative products, representatives of the Economics Ministry told LETA.

14.06.2018

4 people detained on suspicions of cash register manipulations at Vairak Saules restaurants

The State Police has detained four persons on suspicions of cash register manipulations at Vairak Saules restaurant chain, said Criminal Police representative Igors Tomasevs, cites LETA.

13.06.2018

Rescue workers' basic salary in Estonia to rise to EUR 1,000

Estonian rescue workers' average basic salary is set to rise by 23.6 percent in 2019, reaching 1,000 euros, reports LETA/BNS.

13.06.2018

Tallinna Sadam surges almost 20% within minutes

The turnover of the share of Tallinna Sadam, the port company making its debut on the Tallinn stock exchange on Wednesday, crossed the one-million-euro mark seven minutes into the session after opening at 2.05 euros, which means that it moved up almost 20% within minutes, informs LETA/BNS.

13.06.2018

Family in Vilnius can afford smaller apartment than in Riga, Tallinn

A family with average income in Vilnius could afford buying the smallest apartment among the Baltic capitals in the first quarter, writes LETA, according to Swedbank's Baltic Housing Affordability Index.

11.06.2018

S&P affirms Estonia's rating at AA- with stable outlook

The rating agency Standard and Poor's (S&P) on June 8th affirmed its AA-/A-1+ long- and short-term foreign and local currency sovereign credit ratings on Estonia. The outlook is stable, cites LETA/BNS.

11.06.2018

New measures to combat tax fraud and evasion in the EU states

New Commission’s measures will make better, more active and efficient tax and customs cooperation among the EU states. Continued funding for these activities will help businesses in easy access to the EU's single market, trade will flourish, citizens will be protected from dangerous goods entering the Union and the states could combat tax avoidance and tax evasion.

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