Financial Services

International Internet Magazine. Baltic States news & analytics Sunday, 29.03.2020, 07:51

1 ..2 ..3 ..4 ..5 ..6 ..7 ..8 ..9 ..10 ..11 [>][>>>]
Commission’s approval for Latvian loan and subsidies for SMEs

Commission’s approval for Latvian loan and subsidies for SMEs

27.03.2020

In mitigating negative effects to the member states economy, the governments are facing numerous challenges: disruption of supply chains, lower consumer demand, production deficiencies, as well as decrease in investment and liquidity constraints for undertakings. The Commission has approved Latvian loan guarantee scheme and subsidize for companies affected by coronavirus outbreak.

Keyword tags: EU – Baltic States, Financial Services, Funds, Latvia, Modern EU



Latvia: Contributions to private pension funds grow 11.3% y-o-y in 2019

Latvia: Contributions to private pension funds grow 11.3% y-o-y in 2019

27.03.2020

A total of EUR 85.68 mln were paid into Latvia's private pension funds in 2019, which is a 11.3% increase against 2018, according to the data of the Financial and Capital Market Commission writes LETA.

Lithuanian energy companies continue strategic projects, manage risks

Lithuanian energy companies continue strategic projects, manage risks

26.03.2020

There are no disruptions in Lithuania's energy sector after the country was placed under quarantine due to the new coronavirus, and energy projects are being smoothly implemented, the energy minister and executives of the power and gas transmission operators say, reported LETA/BNS.


Bank of Latvia expects Latvia's GDP to drop 6.5% this year

Bank of Latvia expects Latvia's GDP to drop 6.5% this year

26.03.2020

The Bank of Latvia expects Latvia's gross domestic product to drop 6.5% this year, while average annual inflation is estimated at 0.5%, the central bank told LETA.

Estonia: 75% of terminals updated to accept new EUR 50 contactless payment limit

Estonia: 75% of terminals updated to accept new EUR 50 contactless payment limit

25.03.2020

Estonian banks on Monday raised the limit on contactless payments to 50 euros in an effort to minimize contact so as to curb the spread of the novel coronavirus, and so far, 75% of terminals have been updated in the central systems, informed LETA/BNS.


24.03.2020

Covid - 19 Latvia: Around 73,000 employees to receive downtime pay initially

Initially, downtime pay during the period of the Covid-19 crisis will be provided to around 73,000 employees in transport and logistics, hospitality, tourism and creative industries, according to regulations worked out by the Economics Ministry and adopted by the government on Tuesday, reported LETA.

24.03.2020

Covid-19: Estonian Health Insurance Fund to cover virus-related expenses for uninsured people

Estonian Health Insurance Fund will cover urgent coronavirus treatment and testing upon a family doctor's referral for people who do not have health insurance, the "Aktuaalne kaamera" news program of ETV public television reported.

23.03.2020

The Kalsnava Distillery alcohol manufacturing plant adjusted its manufacturing to produce alcohol for disinfectants manufactured in Latvia

The Kalsnava Distillery alcohol manufacturing plant adjusted its manufacturing to produce alcohol for disinfectants manufactured in Latvia.

20.03.2020

Estonian state to support self-employed with payment of social tax

The state will execute advance payments of social tax on behalf of self-employed persons for the first quarter to help such individuals cope with the impact of the economic difficulties going with the crisis, reported LETA/BNS.

20.03.2020

Cultural and creative sector: exploring financial support

Cultural and creative sector, including SMEs, remains poorly exploited and at risk, European Commission acknowledges. Great and important cultural sector’s potentials in all EU states require some support: hence, modern European guarantee’s program is aimed at providing support. The Baltic cultural sphere shall be more active in acquiring these funds.

20.03.2020

Tallink Grupp cuts employee wages in Estonia 30%

Listed Estonian shipper Tallink Grupp announced on Friday that due to the emergency situation caused by the coronavirus and its economic impacts, the group will reduce the wages of all employees of the group in Estonia by 30%, reported LETA/BNS.

19.03.2020

Sweden's Swedbank fined EUR 360 mln

Sweden's Swedbank has been fined with SEK 4 bn (EUR 360 mln) for serious deficiencies in its management of the risk of money laundering in its Baltic operations, the bank informed LETA.

19.03.2020

Covid 19: Government endorses Finance Ministry's bill on measures for overcoming Covid-19 crisis

The Cabinet on Thursday endorsed the Finance Ministry's bill on measures for overcoming the crisis caused by the coronavirus Covid-19, which encompasses a comprehensive set of state support measures, including benefits that will be paid to employees laid off by companies. The legislation will now be reviewed by Saeima.

19.03.2020

Government support aimed at mitigating economic impact of Covid-19 pandemic exceeds EUR 2 bn

Latvia's government support aimed at mitigating the economic impact from the Covid-19 pandemic has exceeded EUR 2 bn, Finance Minister Janis Reirs (New Unity) told journalists Thursday, writes LETA.

17.03.2020

Covid 19: Parents to receive sickness benefits for children all quarantine period – Lithuanian parlt

Parents looking after children attending kindergartens and primary schools will be able to receive sickness benefits the whole quarantine period, based on the amendments adopted by the Seimas of Lithuania on Tuesday, writes LETA/BNS.

1 ..2 ..3 ..4 ..5 ..6 ..7 ..8 ..9 ..10 ..11 [>][>>>]

Search site