International Internet Magazine. Baltic States news & analytics
Monday, 02.03.2015, 21:01
Estonian Tax Board chief in Estonia retracted his resignation
02.03.2015Minister of Finance in Estonia Maris Lauri assured to Director General of the Tax and Customs Board on Monday that she would like him to continue in his current position, and consequently Helm agreed to retract his resignation notice, writes Äripäev.ee/LETA.
Keyword tags: Estonia, Financial Services, Legislation, Taxation
Citadele group in Latvia closes 2014 with EUR 31 mln profit
02.03.2015Citadele group recorded EUR 31.1 million in unaudited profit in 2014, up by 129% compared to 2013, according to the bank's financial report, cites LETA.
Estonian state budget collects 8.7% revenue in January
02.03.2015According to the Ministry of Finance, the Estonian state budget collected revenue of 701.7 million euros in January 2015, reports LETA.
Compatriots working abroad sent back almost EUR 600 mln to Latvia in 2014
02.03.2015Those former Latvian residents, who live and work abroad, sent back EUR 594.78 million to Latvia last year, according to Bank of Latvian calculations, cites LETA.
BTA in Latvia racks up EUR 178.5 mln in gross premiums in 2014
27.02.2015In 2014, BTA Insurance Company (BTA) collected EUR 178.5 million in gross premiums, which is EUR 18.5 million or 11.6% more than in 2013, according to BTA's unaudited financial statement, cites LETA.
Trasta komercbanka concludes the year 2014 with EUR 9.79 losses due to situation in Ukraine
The Latvian commercial bank Trasta komercbanka concluded 2014 with losses in the amount of EUR 9.79 million, informs LETA.
In January, 10 member states had minimum wages below EUR 500
Latvia has the sixth lowest minimum wage among the 22 European Union (EU) member states that have national minimum wages, according to data published by Eurostat, cites LETA.
ABLV Bank increases profit to EUR 58.7 mln in 2014
ABLV Bank increased its profit in 2014, reaching EUR 58.7 million. Meanwhile, the Group's profit in 2014 was EUR 63.8 million, reports LETA, according to the bank's statement.
Baltic countries submit joint application for EU funding for first round of Rail Baltica
The joint-stock company RB Rail and Latvia, Estonia and Lithuania submitted a joint application to the European Commission, seeking funding for the first round of implementation of the Rail Baltica project from the Connecting Europe Facility, as well as the Baltic countries' joint support letter signed by the Baltic transport ministers, LETA learned from Latvian Transport Ministry.
Challenges to Lithuania's economy: ageing society and lack of investment in research
The European Commission (EC) has presented analyses of economic challenges to individual member-states. Specific recommendations to individual countries to be issued in May 2015 and will be based on these reports, informs LETA/ELTA.
Number of bank subsidiaries and sub-branches reduce in Latvia in 2014
At the end of 2014, there were 313 bank subsidiaries and sub-branches in Latvia, representative of the Association of Commercial Banks of Latvia, Baiba Melnace, told LETA.
In 2014, average monthly net wages and salaries accounted for EUR 560 in Latvia
Latest data compiled by the Central Statistical Bureau (CSB) show that in 2014 growth in average wages and salaries witnessed the most rapid growth since the recovery of the Latvian economy. In 2014, average monthly gross wages and salaries in the country accounted for EUR 765, and compared to 2013 it is a growth of 6.8% or EUR 49.
In Q4, the average monthly gross wages in Estonia exceeded 1,000 euros once again
According to Statistics Estonia, in the 4th quarter of 2014, the average monthly gross wages and salaries were 1,039 euros and increased by 5.3% compared to the 4th quarter of 2013. In 2014, the average monthly gross wages and salaries exceeded the 1,000 euro level in the 2nd and 4th quarter.
A tenth funds needed to build Rail Baltica will be asked in first round
Although the construction of Rail Baltica railway line takes at least 4 to 5 billion euros, the three Baltic states will ask for only a tenth of the cost of building the infrastructure from the European Commission in the first round of funding, LETA/Public Broadcasting reports.
Jelgava Clinic chief Anna Ziverte charged in criminal case
Zemgale Region Prosecutor's Office in Latvia has launched a criminal case against Jelgava Clinic Chief of Staff Anna Ziverte, according to information at the disposal of LETA.
Future of tomorrows’ economy: incentives for business 
