International Internet Magazine. Baltic States news & analytics
Wednesday, 07.12.2016, 10:38
Berlin-based banking startup N26 is expanding into nine further European countries, including Estonia, reports LETA/BNS.
Keyword tags: Banks, Estonia, EU – Baltic States, Financial Services, Good for Business, Innovations, Internet
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.
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.
Rietumu Banka, Swedbank, and ABLV Bank posted the largest profits in January-September this year, according to the Association of Latvian Commercial Banks.
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.
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.
- 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.
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.
President Raimonds Vejonis today returned the amended Law on Microenterprise Tax to Saeima for revision. The president believes that the regulation offered by Saeima is flawed and contradicts earlier decision on which entrepreneurs and society had counted, LETA was told at the president’s office
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.
Yesterday, at the SPEAR’S Russia Wealth Management awards ceremony, the prize for the nomination of ‘Best Private Bank in the CIS and Baltic States’ was awarded to Rietumu Bank. Within the competition’s framework, its authoritative and professional jury selected the best representatives from private banking industry, wealth management, and related industries.
As the new Vilnius office of Exadel, an international software engineering company, opens its doors, the company has announced ambitious plans to grow its operations in Lithuania. The US-based company currently employs over 50 specialists in Lithuania, and is now planning to recruit a further 150 staff in the coming two years. This recruitment drive is part of a long-term, five-year development plan for which the company plans to invest €19 million.
The planned reform of micro enterprise tax, which is charged on small enterprises in Latvia, will be postponed until a new alternative regulation is adopted, Prime Minister Maris Kucinskis (Greens/Farmers) and Economics Minister Arvils Aseradens agreed with the Latvian Chamber of Commerce and Industry (LCCI) on Friday, BC told LCCI representative.
Latvia’s Grindex pharmaceutical company plans to invest up to EUR 4 mln in development next year, the company reported to Nasdaq Riga stock exchange.