International Internet Magazine. Baltic States news & analytics
Sunday, 08.12.2019, 16:23
The Artterritory.com portal specialising in cultural topics has published an article on trends in the Latvian art market, in which owners of leading galleries, auction houses, art historians, and owners of art collections comment on the situation.
Keyword tags: Banks, Culture, Direct Speech, Financial Services, Latvia
Baltic International Bank (Bank) on a continuous basis is working together with the Financial and Capital Market Commission (FCMC) on the strengthening of the Bank’s internal control system (ICS) due to the constantly changing and raising requirements in the banking supervision process. Aim is to achieve accurate and clear requirements towards the Bank, it’s rights and responsibilities without allowing any interpretation. Already in 2016 Bank changed it’s business model and actively implements new business strategy – with the purpose of becoming a strong investments Bank in the Baltic region.
A long-term budget proposal by Finland, which holds the EU's rotating presidency, may significantly reduce support for Lithuania and is even more unfavorable than the previous plan from the European Commission, according to the Delfi.lt online news site reported LETA/BNS.
In 2020, the European Institute of Innovation & Technology (EIT) will invest EUR 500 mln in its Knowledge and Innovation Communities across Europe – the EIT Governing Board decided. This investment will drive European innovation in the areas of climate (EIT Climate-KIC), digitisation (EIT Digital), food (EIT Food), health (EIT Health), sustainable energy (EIT InnoEnergy), advanced and sustainable materials (EIT RawMaterials), manufacturing (EIT Manufacturing) and urban mobility (EIT Urban Mobility).
The likelihood of Latvia being included in the "grey list" of the Council of Europe Committee for the Prevention of Money Laundering and Terrorist Financing (Moneyval) is uncomfortably high, Martins Kazaks, a member of the Bank of Latvia Council and candidate for Bank of Latvia governor, said today in an interview with Delfi.tv referred LETA.
Lithuania's state-owned energy group Ignitis Group is set to delist its subsidiaries, Ignitis Gamyba and Energijos Skirstymo Operatorius (ESO), from the Nasdaq Vilnius Stock Exchange.
Vice-mayor Kleins instructs Rigas Satiksme lawyers to assess possibility to terminate contract with Rigas Karte
Riga vice-mayor Druvis Kleins has instructed Rigas Satiksme municipal transport company's lawyers to assess the possibility to quickly terminate the contract with Rigas Karte electronic ticketing system provider, Kleins told LETA.