Financial Services

International Internet Magazine. Baltic States news & analytics Sunday, 20.10.2019, 04:08

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Riga councillors postpone vote on budget amendments to late October

Riga councillors postpone vote on budget amendments to late October

18.10.2019

The Riga City Council financial and administration affairs committee has postponed until October 28 revision of this year's budget amendments, reorte

Keyword tags: Baltic, Financial Services, Latvia



Delfi's Latvian company acquires stake in Altero financial comparison platform

Delfi's Latvian company acquires stake in Altero financial comparison platform

18.10.2019

A/S Delfi, a 100% subsidiary of listed Estonian media holding AS Ekspress Grupp, signed a contract on Friday to acquire 25.5% of the shares in financial comparison and brokerage platform company SIA Altero, reported LETA/BNS.

Latvia: Companies' desire and ability to borrow has reached record heights this year

Latvia: Companies' desire and ability to borrow has reached record heights this year

17.10.2019

In 2019, companies' ability and willingness to borrow continued to increase, reaching the highest levels in the past four years as the lending index in the business segment rose from 110 points last year to 114 index points this year, according to the Finance Latvia Association’s Lending Index in the business segment.


Lithuanian govt to consider 2020 budget, with revenue, expenditure going up

Lithuanian govt to consider 2020 budget, with revenue, expenditure going up

17.10.2019

The revenue and expenditure of Lithuania's 2020 state budget, including EU and other international support, should grow, and the planned budget deficit will be slightly lower than planned this year, reported LETA/BNS.

Estonia: Coop Pank's profit up 31% on year in Q3

Estonia: Coop Pank's profit up 31% on year in Q3

17.10.2019

Coop Pank, which is based on Estonian capital, earned a profit of 1.52 mln euros in the third quarter of this year, which is 31% more than in the same period last year, writes LETA/BNS.


16.10.2019

OECD: Reforms in Latvia must result in stronger enforcement to tackle foreign bribery and subsequent money laundering risks

Latvia has continued to improve its framework against bribery of foreign public officials and subsequent money laundering but the reforms need to translate into further effective enforcement, according to a new report by the OECD Working Group on Bribery.

16.10.2019

Finmin: Multi-billion fines for money laundering should reach Estonia's budget

Fines measuring in the billions of euros may be slapped on Estonian banks as a result of money laundering breaches, which should eventually land in the Estonian state budget, Finance Minister Martin Helme said on social media, cited LETA.

16.10.2019

Estonian minister: Volume of CAP must be maintained

Estonia's Minister of Rural Affairs Mart Jarvik supports the French proposal to leave the budget of the European Union's common agricultural policy (CAP) for 2020+ at the level of the current period and not reduce it, informed LETA/BNS.

16.10.2019

EU presidency’s proposal on multiannual budget unacceptable to Latvia - Rinkevics

Latvia finds the proposal from the Finnish Presidency on the EU’s Multiannual Financial Framework for 2021-2017 to be unacceptable, Foreign Minister Edgars Rinkevics (New Unity) said at a meeting of the EU General Affairs Council.

15.10.2019

Welcome remarks by Vytautas Vasiliauskas at the Economics conference Labour Market in the 21st Century:The Way Forward

Dear guests and distinguished speakers: A sincere ‘thank you’ for joining us at the yearly Lithuanian economics conference organised by the Bank of Lithuania.

15.10.2019

Baltic banking: Luminor opens direct USD correspondent account with Citi

Luminor started to route US dollar payments through its new core banking platform via Citibank N.A., the third largest banking group in the United States, from the beginning of October, informed LETA/BNS.

15.10.2019

Latvia: Land Fund has acquired 200 properties for EUR 14 mln in 9 months

The Land Fund of the Development Financial Institution Altum in the first nine months of this year has acquired 200 land properties, investing in total EUR 14 million, Altum representatives reported.

14.10.2019

Latvijas Banka is issuing a collector coin "Gifts of the Forest"

On Thursday, 17 October, Latvijas Banka is issuing a silver collector coin "Gifts of the Forest". The coin dedicated to Latvia's nature bears a message of Latvian values and traditions creating the sense of belonging to Latvia and uniting its people. The coin shows our respect to Latvia's forests, the gifts they provide as well as traditions related to forests, e.g. mushroom and berry picking etc.

14.10.2019

Estonia: Baltic Horizon Fund buys North Star business center in Vilnius for EUR 21 mln

The commercial property fund Baltic Horizon Fund has closed the acquisition of the North Star business center, the purchase price of which is 20.7 mln euros, corresponding to an estimated entry yield of approximately 7.3%.

14.10.2019

Court finds EUR 29 mln worth of frozen assets to be proceeds from crime

The Criminal Division of Riga Regional Court last week overruled a decision of the Riga City Vidzeme District Court and recognized EUR 29 million worth of frozen assets to be proceeds from crime, Laura Majevska, a representative of the Prosecutor General's Office, told LETA.

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