Financial Services

International Internet Magazine. Baltic States news & analytics Thursday, 02.10.2014, 07:22

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Sudraba's party in Latvia spent 99% election campaign spending limit

Sudraba's party in Latvia spent 99% election campaign spending limit

01.10.2014

According to contracts signed, Inguna Sudraba's For Latvia From the Heart party has spent 99% of the spending limit set for political campaigns, the Corruption Prevention Bureau informed LETA.

Keyword tags: Corruption, Financial Services, Latvia, Legislation



EcoMin: information leak reduced Citadele’s price by EUR 7 mln

EcoMin: information leak reduced Citadele’s price by EUR 7 mln

01.10.2014

The information leak about the sale of the Citadele bank reduced the bank's price by EUR 7 million, Economy Minister Vjaceslavs Dombrovskis (Reform Party/Unity) told the press representatives after a government meeting on Tuesday, cites LETA/Nozare.lv.

Ripplewood Holdings wants to resell Citadele within one year

Ripplewood Holdings wants to resell Citadele within one year

01.10.2014

Ripplewood Holdings would like resell the Citadele bank in up to one year, whereas the government wants to set the term at five years, Prime Minister Laimdota Straujuma (Unity) told the LNT channel this morning, informs LETA.


Minimum monthly wage grows from October in Lithuania

Minimum monthly wage grows from October in Lithuania

01.10.2014

From 1 October, 2014, the minimum monthly wage in Lithuania grows to LTL 1,035 (EUR 300) and the minimum hourly wage to LTL 6.27 (EUR 1.82), 2014, reports LETA/ELTA.

Grybauskaite – the richest among top politicians in Lithuania

Grybauskaite – the richest among top politicians in Lithuania

01.10.2014

President Dalia Grybauskaite is the richest among the top three Lithuanian politicians. Her assets amount to LTL 2.45 million (EUR 710,000) and she has no debt, informs LETA/ELTA.

01.10.2014

Latvian Health Ministry aims to increase number of healthy life years by three

Yesterday, the government of Latvia approved the Public Health Guidelines for 2014-2020 with the aim to increase the number of healthy life years by three until 2020, reports LETA.

30.09.2014

Tax rates to be altered no more often than once a year in Latvia

Tax rates will be altered no more often than once in a year in Latvia, according to amendments to the Law on Taxes and Fees that the government approved today, reports LETA.

30.09.2014

EU gives more aid to farmers hurt by Russia sanctions

The European Union (EU) introduced a new aid package on Tuesday worth EUR 165 million to help farmers hit by Russian sanctions over the Ukraine crisis, but tightened up on dubious compensation claims, LETA/AFP reports.

30.09.2014

Estonian budget collects 63.7% annual revenue in 8 months

According to the Estonian Ministry of Finance, the Estonian state budget collected revenue of 5.11 billion euros in the first eight months of the year, which is 63.7% of the total amount planned in the budget for the year, LETA/Postimees Online reports.

30.09.2014

Harmony submits to Saeima petition against sale of Citadele, signed by 10,300 citizens

Today, Harmony submitted to Saeima a petition claiming that the sale of the Citadele bank be halted; the petition has been signed by more than 10,300 citizens, informs LETA.

30.09.2014

Äripäev declares Oleg Ossinovski the richest person in Estonia in 2014

Estonian business paper Äripäev's annual TOP 500 of the wealthiest people in Estonia declares railway businessman Oleg Ossinovski the wealthiest person in Estonian for the second year in a row, LETA/Public Broadcasting reports.

30.09.2014

Straujuma: price of Citadele bank shares is EUR 98.67 mln

The total price of Citadele bank shares is EUR 98.67 million, Prime Minister Laimdota Straujuma (Unity) said in an interview with the Latvian Television show "Rita panorama" this morning, reports LETA.

30.09.2014

Lithuania's central government surplus in August at EUR 23 mln

Based on the data of the Ministry of Finance, in the first eight months of 2014 the central government deficit amounted to LTL 1.2 billion (EUR 348 million) and was by LTL 835 million (EUR 242 million) or 0.7% of GDP lower than in the first eight months of 2013, informs LETA/ELTA.

30.09.2014

EBRD: Citadele could halt non-resident deposit business in favor of small-business loans

Citadele Bank could shun the non-resident deposit business in favor of small-business loans, Jean-Marc Peterschmitt, managing director for Eastern Europe at the European Bank for Reconstruction and Development, which owns a 25% stake in Citadele, told the Bloomberg news agency, cites LETA.

30.09.2014

Vilnius public transport drivers threaten with strike

Lithuanian capital's (Vilnius) public transport drivers threaten to go on strike due to salary delays, informs LETA/ELTA.

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