Financial Services

International Internet Magazine. Baltic States news & analytics Friday, 28.11.2014, 23:34

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EC requests Latvia to adjust budget plan for 2015

EC requests Latvia to adjust budget plan for 2015

28.11.2014

The European Commission has requested 11 countries, including Latvia, to make the necessary adjustments to their 2015 budget plans, so that they are in accordance with EU regulations on fiscal discipline, informs LETA.

Keyword tags: Budget, EU – Baltic States, Financial Services, Latvia, Legislation



Net asset value of Invalda LT made EUR 3.9 mln at end-September

Net asset value of Invalda LT made EUR 3.9 mln at end-September

28.11.2014

Invalda LT is one of the major companies in Lithuania investing in other businesses and managing assets. Company's net asset value was LTL 161 million (EUR 46.6 million) or LTL 13.57 (EUR 3.93) per share at the end of September 2014, reported LETA/ELTA the company.

All Latvian ministries have submitted their budget plans for 2015-2017

All Latvian ministries have submitted their budget plans for 2015-2017

28.11.2014

All ministries have submitted their spending projections for 2015-2017 to the Finance Ministry, as the Finance Ministry's spokesman Aleksis Jarockis told LETA.


Estonian government approves tough measures against alimony payment evaders

Estonian government approves tough measures against alimony payment evaders

28.11.2014

The Estonian government approved a draft law on Thursday which stipulates that if alimony is not paid without a good reason, the debtor's right to drive a motor vehicle, hunting rights, small boat driving rights can be suspended as well as the fishing rights card, weapons use permit and weapons acquisition permit can be suspended, LETA/Public Broadcasting reports.

EU Commission approves allocating EUR 7.7 mln to Latvian dairy producers

EU Commission approves allocating EUR 7.7 mln to Latvian dairy producers

28.11.2014

The European Commission today approved allocating EUR 7.7 million to Latvian dairy producers, European Parliament Member Sandra Kalniete (Unity) wrote in her ''Twitter'' account, cites LETA.

28.11.2014

38 Lithuanian travel agencies warned over equity capital size

The State Department of Tourism has issued written warnings to 38 travel agencies in Lithuania because they do not meet a provision of the Law on Tourism requiring their equity capital not to be lower than half of the authorised capital, informs LETA/ELTA.

27.11.2014

ABLV Bank earns EUR 50 mln in 9 months

ABLV Bank profit in the first nine months of the year 2014 reached EUR 50 million, according to the company's announcement submitted to the "Nasdaq Riga" stock exchange, informs LETA.

27.11.2014

Estonian government approves of tax information exchange bill with USA

Estonian government approved on Thursday of the tax information exchange bill with USA, the finance ministry announced, cites LETA.

27.11.2014

Latvian Saeima redistributes EUR 7.9 mln support package for dairy producers

Saeima in Latvia agreed today to redistribute state budget funds in the amount of EUR 7.9 million in order to provide support to dairy producers who have suffered from Russia's embargo, informs LETA.

27.11.2014

Latvian grain farmers expect EUR 220 mln losses in 2014

Due to a drop in grain prices, additional costs of the threshing season, and the cost of re-sowing fields this past spring, grain farming could suffer losses in the amount of EUR 220 million in 2014. Thus, leaders of Latvian farmers' cooperatives urge the Agriculture Ministry and government to get involved in solving the problem, representatives of farmers' cooperatives informed LETA.

27.11.2014

Zolitude tragedy and Citadele sale parliamentary investigative commissions' makeup confirmed

Saeima confirmed the makeup of investigative commissions on the Zolitude tragedy and Citadele bank sale process today, reports LETA.

27.11.2014

Lithuanian government revises 2015 draft budget

The Government of Lithuania has approved the revised 2015 draft budget which still focuses on the social area, reports LETA/ELTA.

27.11.2014

Court rules that Lithuanian newspaper was illegally persecuted over Snoras case

Vilnius Regional Administrative Court has ruled that the inspector of journalist ethics baselessly cautioned the daily Respublika for criticising bank Snoras bankruptcy administrator Neil Cooper, reports LETA/ELTA.

27.11.2014

Lithuanian Social Insurance Fund's budget increased to LTL 3.4 bln in 2015

The Government of Lithuania has reviewed the 2015 budget of the State Social Insurance Fund (SoDra) in just one day after it was returned by the Seimas, reports LETA/ELTA.

27.11.2014

Juncker's EUR 300 bln investment program is a valuable opportunity for Latvia

Prime Minister Laimdota Straujuma (Unity) believes that the EUR 300 billion investment program put forward by European Commission President Jean Claude Juncker is a valuable opportunity for Latvia, LETA was informed by Straujuma's spokeswoman Signe Znotina-Znota.

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