Good for Business

International Internet Magazine. Baltic States news & analytics Friday, 09.12.2016, 11:35

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It is planned that payments will be start to be made in real time by the end of 2017

It is planned that payments will be start to be made in real time by the end of 2017

08.12.2016

At a meeting of the Estonian Payment Environment Forum in Eesti Pank, the commercial banks confirmed that interbank payments have been being made earlier in the morning since 21 November 2016. Clients can now receive payments to their accounts from another bank earlier on the mornings of working days than before. This is one of the biggest changes affecting the speed of payments since the Estonian banks joined the Single Euro Payment Area (SEPA).

Keyword tags: Analytics, Banks, Estonia, Financial Services, Good for Business, Innovations, Internet



Elron's Jan-Nov boardings total 6.2 mln

Elron's Jan-Nov boardings total 6.2 mln

08.12.2016

The Estonian domestic passenger train operator Elron registered 6.2 mln boardings in the first 11 months of 2016, 3.3 % more than in the same period last year and the total number of boardings to be made by the end of the year is to total 6.8 mln, the company said LETA/BNS.

Additional revenues from raised micro-enterprise's tax will go to social contributions.

Additional revenues from raised micro-enterprise's tax will go to social contributions.

07.12.2016

Additional revenues from the raised microenterprise tax rate next year would be paid into the social budget, Prime Minister Maris Kucinskis (Greens/Farmers) told the press today.


Rail freight in Latvia grows 7.6% y-o-y in November

Rail freight in Latvia grows 7.6% y-o-y in November

07.12.2016

In November this year, freight transportation using the Latvian railway infrastructure increased 7.6 % from November 2015 to 4.46 mln tons, the state-owned railway company Latvijas Dzelzcels (LDz) said LETA.

Norwegian Airlines could open up base at Riga Airport next year

Norwegian Airlines could open up base at Riga Airport next year

07.12.2016

Norwegian low-cost airline Norwegian could establish a base at Riga Airport next year.


06.12.2016

German mobile bank N26 expands to Estonia

Berlin-based banking startup N26 is expanding into nine further European countries, including Estonia, reports LETA/BNS.

06.12.2016

eGA to develop e-services for administrative service centres in Ukraine

Over the next two years, the e-Governance Academy will assume a lead role in creating a data exchange and information system in Ukraine, enabling up to 600 local service centres in Ukraine to provide up-to-date public services to the people by exchanging information with national central registries, BC informs eGA representative.

06.12.2016

Elering announces tender for construction of Estonian-Latvian power connection

The Estonian transmission system operator Elering has announced a public procurement to find the designer and constructor of the Estonian section of the third Estonian-Latvian power connection, the total cost of which will be 172 mln euros, reports LETA/BNS.

05.12.2016

Rietumu Banka earn biggest profits in banking sector in nine months - ALCB

Rietumu Banka, Swedbank, and ABLV Bank posted the largest profits in January-September this year, according to the Association of Latvian Commercial Banks.

05.12.2016

Lithuanian energy holding and EIB sign EUR 190 mln loan contract

Lithuania's state energy group Lietuvos Energija (Lithuanian Energy) and European Investment Bank (EIB) on Monday signed a loan of 190 mln euros for the biomass and waste-fired cogeneration plant in Vilnius.

05.12.2016

Number of ferry passengers carried by Tallink on Riga-Stockholm line jumps 23% in November

Estonian ferry operator Tallink Grupp carried 34,695 passengers between Riga and Stockholm in November 2016, which was a 23% increase against the same month last year, the company said in a report to the Tallinn stock exchange.

05.12.2016

Riga airport received 4,999 mln passengers

- Riga International Airport received 4.999 million passengers in the first 11 months of this year, which was a 4.6% rise against the same period last year, according to information released by the airport.

05.12.2016

Hansabuss acquired majority holding in the Estonian bus company Samat

AS Hansabuss acquired 74 % majority holding in the Estonian bus transport company Samat AS, which provides passenger transport services on domestic public and commercial routes as well as charter services, BC informed Neeme Tammis member of the management board of Hansa Group.

02.12.2016

airBaltic sets out to become biggest carrier in Tallinn

Latvian national airline airBaltic has set a goal to become the biggest carrier in Tallinn Airport and the company has also abandoned the plan to buy Russian planes, informs LETA/BNS.

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