Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 25.09.2017, 07:30

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Japanese company to start mining Estonian crypto currency

Japanese company to start mining Estonian crypto currency

25.09.2017

Blockhive OU, a company of Japanese business partners, in October will start mining crypto currency on Pakri peninsula in Estonia, the technology portal Geenius.ee reports, cites LETA/BNS.

Keyword tags: Estonia, Financial Services, Technology



Finnish minister: Tallinn-Helsinki tunnel possible with private funding

Finnish minister: Tallinn-Helsinki tunnel possible with private funding

25.09.2017

Finnish Minister of Transport and Communication Anne Berner said that the construction of the Tallinn-Helsinki tunnel with private funding is completely possible as long as it deals with the Finnish transport system as a whole, reports LETA/BNS.

Usakovs: mayors of EU capital cities concerned about future of cohesion policy

Usakovs: mayors of EU capital cities concerned about future of cohesion policy

25.09.2017

The mayors of EU capital cities are concerned about the future of the bloc’s cohesion policy, Riga Mayor Nils Usakovs (Harmony) said at the Summit of EU Capital City Mayors on Friday, cites LETA.


About half Latvian security firms pay minimum or lower wages to employees

About half Latvian security firms pay minimum or lower wages to employees

25.09.2017

About 50% of security firms in Latvia pay minimum or even lower wages to their employees, said State Revenue Service deputy director Dace Peleka at the Saeima defense, interior affairs and corruption prevention committee meeting on September 22nd, cites LETA.

Signet Global Investors Limited, Hansalink, Fin.lv acquire majority shareholding in Bank M2M Europe

Signet Global Investors Limited, Hansalink, Fin.lv acquire majority shareholding in Bank M2M Europe

22.09.2017

A group of shareholders, including Signet Global Investors Limited, Hansalink, Fin.lv, have acquired a majority shareholding in Bank M2M Europe, LETA learned from the bank.


22.09.2017

Lithuania's Trilateral Council okays raising minimum monthly salary to EUR 400

Minimum monthly salary in Lithuania will grow by 20 euros to 400 euros from the beginning of 2018, the Trilateral Council consist in. The final decision is yet to be endorsed by the government, informs LETA/BNS.

22.09.2017

Estonian government adopts amendments to 2017 state budget

Estonian government adopted changes to the 2017 state budget on Thursday, according to which the day-to-day expenses of ministries and other institutions will change, while the total volume of expenditures and income will remain the same, reports LETA/BNS.

22.09.2017

Number of insolvencies in Latvia, Estonia drops in 2016

The number of company insolvencies in Latvia and Estonia dropped in 2016, while in Lithuania this number rose, writes LETA, according to representatives of credit risk insurer Coface, citing the latest data.

21.09.2017

Major gang of money launderers and VAT fraudsters caught in Latvia

A major gang of money launderers and VAT fraudsters which had caused a loss of some EUR 1.7 million to the state budget in a year-and-a-half has been caught in Latvia, the State Revenue Service reported LETA.

21.09.2017

40% reduction in fines issued by Latvian Revenue Service in 8 months

The number of fines issues by the State Revenue Service for administrative violations has reduced by 40% in the first eight months of 2017, as the Revenue Service is observing the principle ''consult before fining'' to a greater degree, SRS representative Dace Peleka said during a Seaima Expenditure and Revision Committee meeting yesterday, cites LETA.

21.09.2017

Analysts: productivity has become one of major challenges in Latvian economy

Increase of productivity has become one of the major challenges in Latvia’s economy, said banking analysts surveyed by LETA.

21.09.2017

2 accused in Port of Tallinn graft case agree to plea deal

The Tallinn-based Harju County Court on Wednesday endorsed punishments under a plea bargain deal for two accused in the case of alleged large-scale bribery committed by Port of Tallinn ex-managers, Postimees and the news portal of ERR reported, cites LETA/BNS.

21.09.2017

OECD doesn't support Estonia's planned tax exemption for dividend payers

According to the Organization for Economic Cooperation and Development (OECD), Estonia's planned reduction of the taxation of distributed dividends for mature companies is unlikely to have any positive impact on investment by domestic firms, will add complexity to the tax system and penalize young firms, informs LETA/BNS.

20.09.2017

Lithuania's central bank raises GDP growth forecasts for 2017

The central Bank of Lithuania on September 20th increased its gross domestic product ( GDP) growth forecast for 2017, reports LETA/BNS.

20.09.2017

Rietumu FinTech Club – how technologies will change the traditional business

On 21 September 2017, Rietumu FinTech Club will be held in Riga – a professional discussion for experts in financial technologies and banking. Its key theme is new opportunities for using technologies in traditional businesses - telecommunication, air transport and retail trade, informed BC bank’s press service.

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