International Internet Magazine. Baltic States news & analytics
Wednesday, 16.04.2014, 10:25
The presentation of the Astana Economic Forum was held in the historical center of the Financial District of New York – Wall Street. A unique Kazakhstani project was presented to the heads of international financial and investment companies, as well as experts of world stock exchanges.
Keyword tags: Economics, EU – Baltic States, Financial Services, Forum, Investments, USA
Latvian Justice Minister Baiba Broka (VL!-TB/LNNK) announced at a press conference today that the ministry estimates that EUR 59,000,000 will be necessary for a new federal prison, informs LETA.
The fact that Lithuania returned to one of the highest rating levels in Lithuania's sovereign credit history will make it possible to plan lower costs for servicing the public debt, says Prime Minister Algirdas Butkevicius. The savings will be directed towards education and health care, informs LETA/ELTA.
The Government of Estonia approved the amendment drafts on the Income Tax Act and the Value Added Tax (VAT) Act related to car taxation at a cabinet meeting on Thursday, and later sent them to the Riigikogu for discussion, reported BC the press service of the government of Estonia.
Statistics Lithuania informs that, based on provisional data, in 2013, the value added per hour actually worked in the whole economy amounted to, on average, LTL 45.32 at current prices, which is by LTL 1.96 more than in 2012. The gross value added per person employed amounted to LTL 83 447.
The Government of Estonia agreed on the objectives of fiscal policy for the next four years at a cabinet meeting last week. The aim of the Government is to ensure the security in Estonia, increase incomes and welfare, reduce child poverty and keep the public finances in order, informed BC the press service of the Government of Estonia.
Starting Monday, all people can review the financial situation and activities of the Estonian local municipalities at the Internet page riigiraha.fin.ee, the finance ministry announced, cites LETA.
The positive flow of net portfolio investment amounted to 6 million litas in February, while in January-February 2014 – almost two billion litas, the Statistics Department of the Bank of Lithuania said in a statement, informs LETA.
Banking group SEB's pan-Baltic survey of the CFOs of larger enterprises indicates cautious optimism, with Estonian enterprises more conservative in their forecasts than their neighbors to the south, SEB said in a statement. The main concerns for larger Baltic enterprises are the same: demand, labor costs and price of raw materials, writes LETA.
The net negative foreign direct investment (FDI) flow in Lithuania amounted to 492.9 million litas in February and 336.2 million litas in January–February 2014, the Statistics Department of the Bank of Lithuania said in a statement, cites LETA.
Estonian finance ministry chancellor Veiko Tali and U.S. Ambassador to Estonia Jeffrey D. Levine signed on Friday an information exchange agreement, the aim of which is to increase the tax obedience of owners of foreign bank accounts, LETA/Public Broadcasting reports.
Moscow court has released Vladimir Romanov, the major shareholder of the now bankrupt bank Ukio Bankas, who is suspected of misappropriation and squandering of property of high value. No remand measure was imposed by the court, informs LETA/ELTA,
Bank Swedbank and wind farm developer Amberwind have signed a long-term funding agreement worth LTL 357 million (EUR 103 million) for the construction of the largest in Lithuania 73.5 megawatt wind farm in Taurage county, informs LETA/ELTA.
The Bank of Latvia's net external reserves stood at EUR 4.41 billion at the end of March, according to information published in the central bank's official web-site, cites LETA.
The average value of the investment units of the second pillar pension funds operating in the country increased by 0.87% and the total amount accumulated in the pension funds exceeded 5.6 billion litas in the first quarter of this year, reports LETA.