Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 14.08.2018, 11:33

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Israel's Nayax opens its branch in Lithuania

Israel's Nayax opens its branch in Lithuania

13.08.2018

Izrael's Nayax, a global leader of cashless payment solutions and management platform for unattended retail, has been issued a Payment Institution (PI) license from the Board of the Bank of Lithuania. With the changes in PSD2, and issuance of the Payment Institution license, Nayax will continue to provide money remittance services to customers in the EEA (European Economic Area) zone.

Keyword tags: Financial Services, Good for Business, Lithuania, Technology



Specialized Latvian bank FinnQ entering Lithuania

Specialized Latvian bank FinnQ entering Lithuania

10.08.2018

The Latvian-capital business group VIA SMS Group's specialized bank FinnQ is entering Lithuania, becoming the first specialized bank in the country. And the group's another financial services company, Vialet, will also start operations in Lithuania in the fall, informed LETA/BNS.

Estonia: Real beneficiaries of companies to be declared as of September

Estonia: Real beneficiaries of companies to be declared as of September

10.08.2018

The real beneficiaries of all companies registered in Estonia need to be declared in the commercial register as of Sept. 1.


Latvia has absorbed all EU funding allocated in programming period 2007-2013

Latvia has absorbed all EU funding allocated in programming period 2007-2013

09.08.2018

Latvia has received and used up all financial support from the European Union’s funds that was made available to Latvia in the programming period 2007-2013, the Finance Ministry said in its monthly report on progress in the implementation of the cohesion policy and EU-funded projects, informed LETA/BNS.

Estonia's Unemployment Insurance Fund makes proposal to leave premium unchanged

Estonia's Unemployment Insurance Fund makes proposal to leave premium unchanged

09.08.2018

The supervisory board of the Estonian Unemployment Insurance Fund has made a proposal to the government to leave the unemployment insurance premium rates at the present level for the next four years, reports LETA/BNS.


08.08.2018

EBRD to convert loan into Lithuania's Siauliu Bankas' shares

The European Bank for Reconstruction and Development, one of the shareholders of Lithuania's Siauliu Bankas, will convert its 20 mln-euro subordinate loan, issued to the bank in 2013, into the bank's shares, informs LETA/BNS.

06.08.2018

Bank of Lithuania presents position regarding tax and pension system reform

With the Government having launched a public consultation, the Bank of Lithuania presents its assessment of and proposals for the presented changes in the tax and pension system. The assessment relays the results of the central bank’s analysis of whether the changes are well-suited to tackle two major corresponding issues: insufficient capacity in public finances and the adverse impact of demographic factors on the pension system.

03.08.2018

Payments to become even simpler and faster in Lithuania

Payments to become even simpler and faster in Lithuania

02.08.2018

IPO among the options for airBaltic’s future ownership

Latvian carrier airBaltic could pursue an initial public offering (IPO) as one of its ownership options, as its 2018 performance continues to track ahead of 2017, informed ATWonline.com.

02.08.2018

Latvia adheres to the highest tier in the International Monetary Fund's Data Dissemination Standards Initiatives

As of 1 August 2018, Latvia adheres to the IMF's Special Data Dissemination Standard Plus (SDDS Plus), becoming the seventeenth country in the world that implements the highest tier in the IMF's data dissemination standards initiatives.

02.08.2018

SEB Banka extends EUR 418 mln in corporate loans in H1

During the first six months of 2018, SEB Banka extended EUR 418 mln in loans to Latvia’s businesses, which is 27% more than in the same period a year ago when the bank extended EUR 328 in corporate loans, informs LETA referring to the bank.

02.08.2018

Latvian banking sector has gotten rid of undesirable shell companies – regulator

As at July 7, 2018, the share of high-risk shell companies’ deposits accounted for 0.03% of all deposits held by Latvian banks, representatives of the Financial and Capital Market Commission (FCMC) told, adding that the remaining bad deposits were mostly frozen money, informs LETA.

31.07.2018

Economic growth is driven by household consumption, investment and exports

The development of Lithuania’s economy continues at a rapid pace, even though less favourable developments in the international environment has dampened external demand growth, thus resulting in significant slowdown in export growth in the first half of 2018. Construction sector, following a few years’ break, is again among the economic activities contributing the most to the growth of domestic economy. The Bank of Lithuania’s experts continue to expect the development of domestic economy to remain relatively robust this year.

31.07.2018

Estonian parlt committee to gather Tuesday to discuss Danske money laundering case

The legal affairs committee of the Estonian parliament will hold an extraordinary sitting on Tuesday to discuss the responsibility of authorities concerning the case of extensive money laundering through the Estonian branch of Danske Bank, reported LETA/BNS.

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