Analytics

International Internet Magazine. Baltic States news & analytics Saturday, 25.01.2020, 05:31

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Estonia: The net profit of the banks fell last year

Estonia: The net profit of the banks fell last year

24.01.2020

The banking sector in Estonia earned net profit of 285 mln euros in 2019, which was one fifth less than in the previous year. The main reason for this was structural changes in the banking market. The net interest income and net service fee income of the banks fell a little as a ratio to total assets, but the ratio of administration costs remained the same as a year earlier. Changes in loan write-downs also affected profits. The net profit of the banking sector was 1% of total assets.

Keyword tags: Analytics, Banks, Direct Speech, Estonia, Financial Services



Bank of Lithuania: The halfway point towards European prosperity surpassed, yet many challenges still await

Bank of Lithuania: The halfway point towards European prosperity surpassed, yet many challenges still await

24.01.2020

Over the last two decades, the gap between the standard of living in Lithuania and the EU average has more than halved, placing Lithuania in the leading position among the rest of the new EU Member States. However, an analysis carried out by the Bank of Lithuania has shown that to reach the average EU prosperity level, the country will have to address complex challenges that may come on its way. t

Latvia: In December producer prices in industry decreased by 0.4%

Latvia: In December producer prices in industry decreased by 0.4%

24.01.2020

Data of the Central Statistical Bureau (CSB) show that compared to November, in December 2019 the level of producer prices in the Latvian industry has reduced by 0.4%.


Latvia aims to remain Baltic leader by port cargo turnover - Linkaits

Latvia aims to remain Baltic leader by port cargo turnover - Linkaits

23.01.2020

Latvia's goal is to remain the Baltic leader by port cargo turnover, Transport Minister Talis Linkaits (New Conservative Party, JKP) told journalists Thursday.

TOP 10 real estate investment deals in 2019 in Riga

TOP 10 real estate investment deals in 2019 in Riga

23.01.2020

Low volumes of cashflow property development in recent years forced investors to consider not only ready-made properties but also those with development potential. In addition to the traditional objects with cashflow, the rating of TOP10 of 2019 real estate deals in Riga and surroundings also includes three considerable development land deals, BC learned from the Colliers International.


23.01.2020

Management of Rail Baltica project in Latvia not effective enough - State Audit Office

The Rail Baltica European-gauge railroad project's management in Latvia has not been effective enough, according to a report released by the State Audit Office on Thursday referred LETA.

23.01.2020

Lithuania up to 35th place in corruption perception index

Lithuania went up three notches to the 35th position among 180 countries in the Corruption Perceptions Index last year after the country scored 60 out of 100 points, Transparency International said on Thursday.

22.01.2020

Hotels: More Russian tourists than expected arrived in Tallinn for New Year holiday

Tentative figures suggest that Russian tourists arrived in Tallinn for the past New Year holiday in bigger numbers than expected, which indicates that the popularity of Estonia as a travel destination among in Russians is on the rise, the Estonian Hotel and Restaurant Association said LETA/BNS.

21.01.2020

Helsinki port continued to be Europe's busiest passenger port in 2019

The port of Helsinki continued to be the busiest passenger port in Europe last year with 12.2 mln ship passengers moving via the port during the 12 months, informed LETA/STT.

21.01.2020

Declining rail freight volumes can necessitate changes also in Latvijas Dzelzcels Group

A decline in rail freight volumes might necessitate structural changes also in Latvijas Dzelzcels (Latvian Railways, LDz) Group, the national rail company's board member Andris Lubans said on Latvian Radio Tuesday, referred LETA.

21.01.2020

Births drop in Latvia for four consecutive years - statistics

In Latvia, birth number has been declining for four years in a row. Provisional data of the Central Statistical Bureau show that 18 589 births were registered in 2019, which is 725 births fewer than in 2018.

21.01.2020

Lithuania sees fastest growth in new car sales in Baltics in 2019

Among the Baltic countries, the biggest growth in new car sales year over year was seen in 2019 in Lithuania, where the number of new cars sold was bigger by 43.2% than in 2018, the Estonian association of car dealers and service companies AMTEL announced.

20.01.2020

Lithuania's avg wholesale electricity price rises 5% w-o-w

Lithuania's average wholesale electricity price rose by 5 percent last week compared with a week earlier, Litgrid said on Monday.

20.01.2020

Latvian ports' cargo turnover decreases 5.7% in 2019

Latvian ports' cargo turnover last year amounted to 62.379 mln tons, which is 5.7% less than in 2018, according to the Transport Ministry's data.

20.01.2020

Number of new insolvency procedures drops by 25% in five years - Lursoft

2019 year was the fourth consecutive year when the number of new insolvencies has dropped, and in the past five years this number has dropped by 25%, according to Lursoft.

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