Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 28.01.2020, 23:12

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Residents consider Latvian labor tax system complicated - survey

Residents consider Latvian labor tax system complicated - survey

28.01.2020

Residents of Latvia consider the labor tax system complicated, as Evija Kropa from Swedbank Institute of Finances informed BC, referring to a survey carried out by the institute.

Keyword tags: Analytics, Banks, Financial Services, Latvia, Taxation



Latvia: Foreign chambers of commerce express concern about financial market reform

Latvia: Foreign chambers of commerce express concern about financial market reform

24.01.2020

Foreign chambers of commerce in Latvia approve of the ongoing financial market reforms, but there are still concerns and many uncertainties regarding banks' customer due diligence procedures, as Armands Gutmanis, head of the Swiss Chamber of Commerce in Latvia, told LETA.

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.


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

Lithuanian president's aide: Japan interested in Rail Baltic, synchronization financing

Lithuanian president's aide: Japan interested in Rail Baltic, synchronization financing

23.01.2020

The Japan Bank for International Cooperation (JBIC) is interested in providing financing for the Rail Baltic European-gauge railway project and the Baltic power grids' synchronization with the Western European system, an adviser to Lithuanian President Gitanas Nauseda said LETA/BNS.


23.01.2020

Estonian craft gin producer Lahhentagge is planning to raise up to 200,000 euros via the Fundwise

Estonian craft gin producer Lahhentagge is planning to raise up to 200,000 euros via the Fundwise platform for entering foreign markets, informed LETA/BNS.

23.01.2020

Estonian govt to disburse EUR 353.7 mln in education support

The Estonian government is about to allocate at its meeting on Thursday 353.75 million euros from the support fund to municipalities for the financing of education, informed LETA/BNS.

22.01.2020

Finance Latvia Association considers Moneyval report a very positive signal

The assessment provided by experts at the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) can be considered a very positive signal, the association's board chairperson Sanita Bajare told LETA.

22.01.2020

Meridian Trade Bank changes its name to Industra Bank

Meridian Trade Bank has changed its name to Industra Bank (Industra), LETA learned from the bank.

22.01.2020

Latvia makes progress in strengthening measures to tackle money laundering and terrorist financing

Latvia has made progress in strengthening its framework to tackle money laundering and terrorist financing, finds the first enhanced follow-up report, published today by the Committee of Experts on the Evaluation of Anti-money Laundering Measures and the Financing of Terrorism (MONEYVAL).

22.01.2020

Estonia: Tanker meets crowdfunding campaign's minimum target on 1st day

Estonian craft beer maker Tanker Brewery, which on Tuesday launched a crowdfunding campaign on the Funderbeam platform, had surpassed the campaign's 100,000-euro minimum target by 85,000 euros by the afternoon informed LETA/BNS.

21.01.2020

Support will be available to Latvian small and medium companies for attracting financing in capital markets

Latvian small and medium enterprises will receive support for attracting financing in capital markets, as the government on Tuesday approved the new EU funds support program.

21.01.2020

Bank of Lithuania approved the sample of the world’s first digital collector

The Board of the Bank of Lithuania has approved the sample of the physical version of the digital collector coin – an original silver coin bearing a denomination of EUR 19.18 to commemorate the year of the Act of Independence of Lithuania. LBCOIN is dedicated to this prominent Act and its 20 signatories.

21.01.2020

Riga Eastern Hospital cut loss by 40% thanks to cost saving and restructuring in 2019

Riga Eastern Clinical University Hospital (Riga Eastern Hospital) managed to cut its annual loss by 40 percent last year by taking cost saving and restructuring measures, the hospital's board chairman Imants Paeglitis said at a news conference cited LETA.

21.01.2020

EUR 893,000 in excise duty paid on tobacco-free snus in Estonia last year

A total of 893,000 euros was paid in excise duty on tobacco-free snus in Estonia in 2019, the Tax and Customs Board said LETA/BNS.

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