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Tuesday, 20.05.2025, 05:41
Indrek Neivelt: running for euro is risky for Estonia
Indrek Neivelt, the former chairperson of the Estonian Development Fund's supervisory board, said that Estonia shouldn't try to join the euro zone since currently it is too risky, BBN/LETA reported.
Aizkraukles banka loan portfolio decreased by 6.3% in seven months
The loan portfolio of the joint-stock Aizkraukles banka has reduced by LVL 41 million or 6.3% from the beginning of the year 2009 in July, LETA was informed by the bank's spokesman Ilmars Jargans.
Parex will have to caution its Estonian customers in its advertisements
The Financial Supervisory Authority ordered Parex bank’s branch in Estonia to caution their customers unambiguously in its advertisements that AS Parex Banka is taking deposits in a situation where its operations are subject to limitations, writes Postimees Online/LETA.
Finance Ministry of Estonia: borrowing doesn't reduce budget deficit
Estonia has to find solution for reducing budget deficit, and, according to Jürgen Ligi, the Minister of Finance, loans can't be viewed as means to reduce the budget deficit, BBN/LETA quoted E24.ee.
Education and Science Ministry will need extra LVL 15 mln in 2010
The Education and Science Ministry's budget for the year 2010 is LVL 15 million smaller when compared to the ministry's planned spending volume, as the Minister of Education and Science of Latvia Tatjana Koke (Union of Greens and Farmers) said in an interview with the Latvia State Radio this morning.
East Europe's economies to start recovering in H2 as key export markets in Western Europe return to growth
East Europe's economies, most of which endured record output declines last quarter of 2009, look poised to start recovering from recession in the second half as key export markets in Western Europe return to growth.
Swedbank plans 2.1 bln dollars rights offer to bolster its reserves
Swedbank, the largest bank in the Baltics, plans to raise 15 billion kronor from existing shareholders in a second rights offer in less than a year to bolster its reserves.
Parex banka posted LVL 53.98 mln in losses in H1
Parex banka group posted LVL 53.98 million losses in the first half of the year 2009, according to the bank's report to the Riga Stock Exchange.
Minimum subsistence level in Latvia dropped to LVL 166.77
In July 2009, the monthly minimum subsistence level per capita dropped to LVL 166.77, as the Central Statistical Bureau of Latvia informed LETA.
Ligi: Estonia might have to borrow to stabilise its budget
Minister of finance of Estonia Jürgen Ligi stated that in order to stabilise its State budget, Estonia might soon have to take a loan, writes Postimees Online/LETA.
Dombrovskis: Latvian hospitals must work with the available financing
Hospitals cannot accumulate debt and must operate with the available financing, Prime Minister of Latvia Valdis Dombrovskis (New Era) told members of the press today after a meeting with Health Minister Baiba Rozentale (People's Party).
Bank of Lithuania: in July currency in circulation increased by 35.4 mln litas
In July 2009, both external assets and external liabilities of the Bank of Lithuania decreased respectively by 926.1 million litas (268.6 million euros) and 83 million litas (24 million euros) amounting to 14.3 billion litas (4.15 billion euros) and 111.2 million litas (32.25 million euros) at the end of the month.
Investors into bonds of Kolle were cheated in Estonia
Twelve investors invested more than 100 million kroons into bonds of Kolle, but the securities were sold behind their back, BBN/LETA reported.
Health Insurance Fund saves 110 mln kroons on sick benefits in H2
The Health Insurance Fund of Estonia saved 110 million kroons in the second half of the year 2009 on cutting sick benefits and care allowances, BBN/LETA reported via E24.ee.
Estonians considers their family financial situation to be rather good
Most of Estonians are satisfied with their lives and considers family financial situation to be rather good, appears from Eurobarometer report, as BBN/LETA informed.
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