International Internet Magazine. Baltic States news & analytics
Thursday, 02.04.2015, 12:40
The Latvian branch of the Estonian bank Bigbank earned EUR 12.7 million in 2014, which is 17.4% more than in 2013, the bank informed LETA.
Keyword tags: Baltic, Banks, Financial Services, Loan
The Riigikogu elections advertising campaigns of Social Democrats, the Reform Party and the Pro Patria and Res Publica Party (IRL) in Estonia cost more than the parties predicted before the start of the campaign, LETA/Public Broadcasting reports.
Many local governments in Latvia not only fail to invest in appealing sports, cultural and recreational activities for local residents, but often spend funds earmarked for them on other purposes, which is illegal, the State Audit Office has concluded, cites LETA.
Estonian Foreign Minister Keit Pentus-Rosimannus signed a directive confirming Estonia’s support for the alleviation of the situation of internally displaced persons in Ukraine with a total of 200,000 euros through the UN High Commissioner for Refugees (UNHCR) and the UN Children's Fund (UNICEF), reported BC the foreign ministry press department.
Joint-stock company Norvik banka posted EUR 43.8 million in losses in Latvia last year, the bank informs in a statement to the media, reports LETA.
Four telegrams delivered by the Lithuanian Telegram Agency ELTA back in 1920 will be sold at an auction held in Basel (Switzerland) on 15 April 2015, reports LETA/ELTA.
Fuel traders Statoil Fuel&Retail Latvia, Orlen Latvija Ltd. and Neste Latvija were the largest taxpayers in Latvia in 2014, as the State Revenue Service's Communication Department informed LETA.
Upon completion of its two-week mission in Lithuania, the International Monetary Fund (IMF) said that it supports the Government's intentions to liberalise the Labour Code, reports LETA/ELTA.
The total state budget tax revenue in Latvia amounted to EUR 5.29 billion in 2014, as State Revenue Service Director Inara Petersone told media representatives today, cites LETA.
The commercial bank PrivatBank earned EUR 5.708 million in 2014, while the group's profit reached EUR 5.99 million, according to the bank's audited financial report for the last quarter of 2014, cites LETA.
The start of the European Central Bank "money print" left Estonian investors indifferent, because after two months of robust increases, the Tallinn Stock Exchange again got stuck in March 2015, LETA/Postimees Online reports.
According to the Ministry of Finance, central government debt at the end of February 2015 stood at EUR 13.658 billion and accounted for 36.5% of the projected 2015 GDP (EUR 37.374 billion), writes LETA/ELTA.
The Citadele Group last year posted record profit and concluded 2014 with EUR 32.4 million in audited profit, which was 138% more when compared to 2013.
Old-age pensions will increase by 6.3% in Estonia starting April 1, 2015 due to the new pension index; the average monthly pension will be 375 euros, LETA/Public Broadcasting reports.
Nearly 651,500 Estonian people submitted their income declarations on last year's income by deadline on March 31, 2015, which exceeded the expectations of the tax and customs board, LETA/Public Broadcasting reports.