Financial Services

International Internet Magazine. Baltic States news & analytics Wednesday, 12.12.2018, 09:47

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Lithuanian insurance market: lower prices and higher consumer protection

Lithuanian insurance market: lower prices and higher consumer protection

11.12.2018

In the third quarter of 2018, prices of compulsory motor third party liability insurance scaled down, while the entire insurance market grew by 13%. Having come into force in October, significant amendments have strengthened consumer protection within the insurance market.

Keyword tags: Analytics, Banks, Financial Services, Insurance, Lithuania



Latvian insurance market may grow 7%-12% next year - association

Latvian insurance market may grow 7%-12% next year - association

11.12.2018

Latvia's insurance market could grow 7% to 12% next year, mostly because the national economy is also expected to keep growing next year, Latvian Insurers Association's President Janis Abasins told LETA on Tuesday.

Financial watchdog allows Musu Investiciju Fonds to announce mandatory takeover bid of Brivais Vilnis shares

Financial watchdog allows Musu Investiciju Fonds to announce mandatory takeover bid of Brivais Vilnis shares

11.12.2018

The Financial and Capital Market Commission (FKTK) on December 7 decided to allow Brivais Vilnis fish cannery shareholder Musu Investiciju Fonds to announce the mandatory takeover bid of Brivais Vilnis shares, the company said in its statement to the Nasdaq Riga stock exchange.


Negative trade balance has led to the largest quarterly current account deficit seen over the past years

Negative trade balance has led to the largest quarterly current account deficit seen over the past years

11.12.2018

Following a build-up of the current account surplus driven by robust expansion of exports in the first half of the year, the trade balance shifted downside sharply in the third quarter. It was the deficit of the balance of trade in goods that was at fault. The above deficit grew rapidly and reached a high since the end of 2013. Overall, the current account deficit amounted to 444.4 million euro or 5.7% of gross domestic product (GDP) in the third quarter of 2018.

 RB Rail announces procurement for design of Tallinn-Rapla railway section

RB Rail announces procurement for design of Tallinn-Rapla railway section

10.12.2018

The joint venture of Estonia, Latvia and Lithuania, RB Rail AS, has announced a procurement for the design and design supervision services for the second stage of the Rail Baltic railway line in Estonia from Tallinn to Rapla, reported LETA/BNS.


10.12.2018

Non-bank lenders in Latvia issue loans worth EUR 309.04 mln in H1

Non-bank lenders issued loans worth EUR 309.04 mln in January-June this year, which is 10.1% more than in the first half of 2017, the Consumer Rights Protection Center's representative Santa Zarane informed LETA.

10.12.2018

Let’s Talk About Corruption

Latvia and the United States have been close friends and partners for 100 years. We stood by the Latvian people throughout the darkest hours of the Soviet occupation. Today, we celebrate with you all you have accomplished. At your Centennial, you stand as a proud, strong, and valued partner in NATO, the EU, and the OECD. But friendship means more than recognizing what you have overcome. True friends challenge and push each other to become the best possible version of themselves.

07.12.2018

Bank of Lithuania survey: an extra 400 EUR would make life easier

The latest Survey of Households commissioned by the Bank of Lithuania revealed that, despite their improving financial health, a large number of families would still like to earn at least 400 EUR more to be satisfied with their living conditions in Lithuania.

07.12.2018

Latvia's BAN non-life insurer reports EUR 57,200 in nine-month profit

Latvian non-life insurer Baltijas Apdrosinasanas Nams (BAN) made EUR 57,212 in profit in the first nine months of this year in contrast to loss in the respective period last year, according to information released by the company writes LETA.

07.12.2018

Estonia's Autolevi raises EUR 225,000 on Funderbeam to expand business in Finland

The Estonian peer-to-peer car rental service Autolevi has raised 225,000 euros via the crowdfunding platform Funderbeam, which it is about to use to expand operations in Finland, informed LETA/BNS.

07.12.2018

Estonia's Tartu raises land tax rate

The council of Tartu on Thursday voted to raise the land tax rate in the city to 2 % of the taxable value of land starting from 2019, reported LETA/BNS.

07.12.2018

Latvia's BAN non-life insurer reports EUR 57,200 in nine-month profit

Latvian non-life insurer Baltijas Apdrosinasanas Nams (BAN) made EUR 57,212 in profit in the first nine months of this year in contrast to loss in the respective period last year, according to information released by the company writes LETA.

06.12.2018

Lithuanian parlt ups child benefit to EUR 50

The child benefit will go up from 30 to 50 euros from next year in Lithuania, the country's parliament decided on Thursday, informed LETA/BNS.

06.12.2018

Lithuanian and Estonian subsidiaries of Latvia’s Capitalia non-bank lender merged with parent

Capitalia non-bank lender has concluded a reorganization by merging its Lithuanian and Estonian subsidiaries with the Latvian parent company and becoming a European company (societas Europaea) with a head office in Latvia, LETA was told at the company.

06.12.2018

The element of surprise has vanished, but growth is still present

Emotions of surprise stirred by the release of the flash estimate of gross domestic product growth in the third quarter of 2018 have already subsided, but the detailed third quarter data published by the Central Statistical Bureau confirm that Latvia's economy has experienced rapid growth. At the same time, however, the question concerning the sustainability of the factors underpinning this growth remains relevant.

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