Financial Services

International Internet Magazine. Baltic States news & analytics Wednesday, 22.11.2017, 03:36

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Latvia ahead of the neighbors in global paying taxes rankings

Latvia ahead of the neighbors in global paying taxes rankings

21.11.2017

Lithuania climbed to 18th place, from 27th a year ago, among 190 countries across the globe in terms of the ease of paying taxes, according to the latest study by PwC and the World Bank Group. Lithuania, however, is outperformed by both Latvia, ranked at number 13 in the Paying Taxes 2018 report, and by Estonia, at number 14, reports LETA/BNS.

Keyword tags: Analytics, EU – Baltic States, Financial Services, Legislation, Markets and Companies, Taxation



Renovation of embassy in Rome to cost Lithuania over EUR 2 mln

Renovation of embassy in Rome to cost Lithuania over EUR 2 mln

21.11.2017

It will cost Lithuania a lot of money to relocate its embassy to premises in a historic palace in Rome, with 150,000 euros already spent on replacing the windows and shutters alone, the daily Lietuvos Zinios reported on November 21st, cites LETA/BNS.

Lithuania's budget revenue EUR 112 mln above target in January-October

Lithuania's budget revenue EUR 112 mln above target in January-October

21.11.2017

Lithuania's central government and local authorities collected a total of 6.702 billion euros in budget revenue in January through October 2017, which is 1.7% above the projected level, informs LETA/BNS.


Hacker Neo requests pardon from Latvian president

Hacker Neo requests pardon from Latvian president

20.11.2017

Latvia's whistle-blowing hacker Ilmars Poikans aka Neo has sent a letter to Latvian President Raimonds Vejonis, asking him for a pardon and clearing of his criminal record, Poikans said, cites LETA.

Klaipeda port CEO puts cost of building outer port at around EUR 800 mln

Klaipeda port CEO puts cost of building outer port at around EUR 800 mln

17.11.2017

The chief executive officer of the Lithuanian seaport of Klaipeda says that building an outer port may cost an estimated 800 million euros, adding that the port's authority would prefer it to be a concession project and that the bulk of the new capacity would be used for handling containers, reports LETA/BNS.


17.11.2017

Capital of Latvia's private pension funds grows 9.7% in 10 months

During the first ten months of 2017, Latvia's private pension funds increased their aggregate capital by EUR 37.064 million or 9.7% to EUR 417.661 million, according to the information from manapensija.lv portal, cites LETA.

17.11.2017

Estonian companies' profits grew by 14.7% in 2016

The total profit of Estonian businesses grew by 14.7% year over year to 5.1 billion euros in 2016, the financial information company Creditinfo Eesti said, cites LETA/BNS.

17.11.2017

Estonian bus companies critical of government’s plan to subsidize intercity services

The Estonian government's plan to offer free rides to passengers also on some intercity bus routes has drawn criticism from businesses, who argue that no analysis of the potential outcomes has been done and nobody actually knows what the move will lead to, Postimees said, cites LETA/BNS.

16.11.2017

Estonian government okays moving forward with Port of Tallinn IPO

The Estonian government on November 16th gave its consent to the Ministry of Economic Affairs and Communications to move forward with preparations for an initial public offering (IPO) of shares in the state-owned port company Port of Tallinn (AS Tallinna Sadam), informs LETA/BNS.

16.11.2017

Constitutional Court in Latvia again rules one provision of Solidarity Tax Law unconstitutional

Hearing a complaint lodged by several legal entities - companies employing high-class professionals - the Constitutional Court again ruled only one provision of the Solidarity Tax Law inconsistent with the Constitution, reports LETA.

16.11.2017

BlackRock Solutions to ensure financial risk management for Bank of Latvia

US company BlackRock Solutions Inc for EUR 1.182 million will ensure financial risk management for the Bank of Latvia in the coming five years, the bank reported LETA.

16.11.2017

38.9% Latvian employees earned up to EUR 450 in net wages in Q3

In the third quarter of 2017, the percentage of employees in Latvia earning up to EUR 450 a month in net (after tax) wages dropped 5.1% from the same period a year ago to 38.9%, writes LETA, according to the Central Statistical Bureau's data.

16.11.2017

eCom21 - the biggest e-commerce conference in the Baltics is open

Today, the Sixth international conference eCom21 started in Riga , gathering around 600 professionals from the field of e-commerce and related industries. The forum will discuss the most topical issues that are points of concern for the industry participants and will consider topical trends and the latest solutions for the successful operation of a business. The eCom21 conference is traditionally held under the patronage of Rietumu Bank, informed BC bank’s press service.

15.11.2017

Estonia's September tax receipts up 6.1% y-o-y

The Estonian Tax and Customs Board collected 552.9 million euros in taxes in September 2017, 6.1% more than in the same month in 2016, reports LETA/BNS.

15.11.2017

eCom21 in Riga: topical issues, live communication and business contacts

Tomorrow is the final day for online registration for the Sixth eCom21 conference to be held in Riga on 16-17 November. This year, the participants of this biggest business forum will be several hundreds of e-commerce professionals from all over the world, experts, financiers, specialists in international law, IT industry and representatives of other related industries, reports BC Rietumu bank’s press service.

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