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Friday, 30.09.2016, 16:29
The Latvian general government consolidated budget accumulated a EUR 249.6 mln surplus in the first eight months of 2016, the Latvian Finance Ministry informed LETA.
Keyword tags: Budget, Financial Services, Latvia
The problem of excessive use of thin and ultra thin plastic bags could be solved by a new tax that would motivate businesses to reduce the sale of lightweight plastic bags and use more environmentally friendly packaging, Estonian Finance Minister Sven Sester says LETA/BNS.
The Latvian monetary financial institutions (mostly banks) earned EUR 340 mln in aggregate profit in the first eight months of 2016, up 17 % from the same period in 2015, the Bank of Latvia reported.
Around 75 mln are to be spent on Estonia's presidency of the European Council in the second half of 2017 and moving the presidency six months earlier has not increased the budget, reports LETA/BNS.
A newly established company, RCM Invest OU, has taken over running the popular Tallinn concert venue Rock Cafe after the bankruptcy of the previous owner, RC Meelelahutuse OU, writes LETA/BNS.
The Estonian government is about on Thursday to endorse the rates of the unemployment insurance premium for the next four years unchanged at the present 2.4% combined, writes LETA/BNS.
Lithuania's budget for 2017 is being planned with a small deficit that the European Commission is expected to approve if the country's new Labor Code and other social protection system changes are recognized as structural reforms, Finance Minister Rasa Budbergyte said.
In August, a slow growth in the overall domestic loan portfolio was observed for a sixth consecutive month and the loan 12-month growth rate also remained in positive territory. With the funds in enterprise bank accounts on the rise, the balance of deposits attracted by banks also grew.
Land transport emerged as the biggest payer of environmental fees in Estonia in 2014, when it went past households, Statistics Estonia said in its blog on Wednesday, cites LETA/BNS.
he use of European Union funds by Estonia in the current budget period has been too slow, governor of the Bank of Estonia Ardo Hansson said on Wednesday, writes LETA/BNS.
A Public Private Partnership (PPP) project to reconstruct the A14 Vilnius-Utena highway has received approval from the European Investment Bank (EIB) and is set to receive financing from the European Fund for Strategic Investments (EFSI). The total sum of the loan is to be capped at EUR 40 million and will have a 12 year term, Invest Lithuania informs BC.
The non-bank lender 4finance announced on Monday that its Swedish subsidiary, 4finance AB, had received approval from the Finansinspektionen, the Swedish financial supervisory authority, for its consumer credit company license, writes LETA.
he Estonian capital Tallinn rose 28 places to 50th in the rankings of the world's most competitive financial centers which is the second highest place among East European cities after Warsaw which placed 45th, it appears from the Global Financial Centers Index (GFCI) released by the think tank Z/Yen, writes LETA/BNS.
During the first eight months of 2016, the Latvian banking sector earned 341.806 million euros in aggregate profit, which is a 17.8 percent rise from the same period in 2015, the Latvian financial watchdog, the Financial and Capital Market Commission (FKTK), said LETA.
Latvia’s ABLV Bank in late October plans to issue two-year bonds for USD 75 mln, two-year bonds for EUR 20 mln, and ten-year subordinated bonds for EUR 20 mln, the bank said in its statement to the Nasdaq Riga stock exchange.