International Internet Magazine. Baltic States news & analytics
Sunday, 07.03.2021, 19:07
Lithuania is ready to take on the coordinating role in enhancing cooperation in the financial technologies (FinTech) domain between China and Central and Eastern European (CEE) countries. During the China Investment Forum in Prague, Marius Jurgilas, Member of the Board of the Bank of Lithuania, has presented Lithuania’s experience and future actions in the field of FinTech.
Keyword tags: Banks, China, Direct Speech, Financial Services, Technology
Last week, the Freeport of Riga Authority together with SIA Riga Container Terminal represented the Freeport of Riga in one of the largest Asian transport and logistics exhibitions "The 13th China (Shenzhen) International Logistics and Transportation Fair" in the Chinese port city of Shenzhen, as well as participated in several major industry events. During the exhibition a meeting with the representatives of the Port of Shenzhen, a partner to the Freeport of Riga, was held, inormed Freeport.
The listed Estonian shipper Tallink Grupp has repaid in the total amount of 120 million euros senior unsecured bonds worth 900 mln Norwegian kroner that were issued and listed on the Oslo stock exchange in October 2013, informed LETA/BNS.
Ministries' spending on salaries amounted to EUR 94 million in 2017, which is 6% or EUR 5.7 mln more than in 2016, according to the results of an audit of state and municipal budgets carried out by the State Audit Office.
Companies took loans from banks and from elsewhere. Growth in corporate debt could be a sign of increasing investment. Households are borrowing enthusiastically, especially from banks. The risks from the rapid growth in credit are eased by growth in incomes and savings.
The Baltic states will cooperate closer in promoting development of the capital market, the Latvian Finance Ministry reported.
The European Bank for Reconstruction and Development (EBRD) is to invest up to 150 million euros in a series of senior bonds issued by Luminor Estonia under its European Medium Term Note (EMTN) program in order to support the bank in its efforts to become a self-funded and independent pan-Baltic financial institution, informed LETA/BNS.