International Internet Magazine. Baltic States news & analytics
Tuesday, 27.05.2025, 21:21
Latvia's position in Corruption Perception Index didn’t improve much in 2017
Latvia’s position in the Corruption Perception Index (CPI), which is drawn up by the global anti-corruption coalition Transparency International, did not improve much last year, Liene Gatere, acting director of Delna, the Latvian branch of Transparency International, said in an interview with Latvian Television this morning, informs LETA. Estonia and Lithuania still ahead.
Pensions in Estonia to rise 7.6% on average in April
A draft regulation has exited the Ministry of Social Affairs that would raise pensions and the work ability allowance in Estonia by 7.6% on the average from April 1, 2018 in Estonia, informs LETA/BNS.
Adcash makes investment in payment technology provider Zlick
The global adtech company Adcash has announced an investment in the payment technology provider Zlick in Estonia, informs LETA/BNS.
State subsidies for Latvian farmers planned at EUR 8.7 mln
EUR 8,720,490 will be available to farmers in 2018 under the state budget program State Support for Agriculture and Rural Development, the government of Latvia decided on February 20th, cites LETA.
Families with offspring aged up to 23 years to become eligible to aid under Latvian government's housing program
The eligibility criteria for the state aid to first-time home buyers in Latvia will be expanded, enabling families with offspring aged up to 23 years to participate in the government housing program, Economics Minister Arvils Aseradens (Unity) said at a news conference on February 20th, cites LETA.
Rimsevics will not step down as Bank of Latvia governor
The Bank of Latvia Governor Ilmars Rimsevics, who is suspected of extorting and accepting a bribe, has decided not to step down, informs LETA.
Melbardis and Strenga to each receive cash reward of up to EUR 38,418 for bronze
The Latvian two-man bobsleigh duo of Oskars Melbardis and Janis Strenga will most likely each receive a cash award of up to EUR 38,418 for their third place finish in the Olympic two-man bobsleigh competition yesterday, according to Cabinet of Ministers regulations, informs LETA.
Pilot project to provide refugees with housing in Latvia to continue till end-2018
The pilot project under which families with the refugee status or an alternative status receive housing-related financial assistance will continue till the end of 2018, the Welfare Ministry's deputy state secretary, Jana Muizniece, told the press, cites LETA.
EUR 600 mln withdrawn from ABLV Bank since US FinCEN announced on planned sanctions
Over the last week, since the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury announced on its plans on sanctions against Latvia’s ABLV Bank, EUR 600 million have been withdrawn from the bank, said ABLV Bank’s board chairman Ernests Bernis in a press conference on Monday, cites LETA.
Norvik: Rimsevics has been extorting bribes for years
The CEO of Latvia’s Norvik Banka, Oliver Bramwell, told the AP news agency that Bank of Latvia governor Ilmars Rimsevics has been extorting bribes from the bank for years, cites LETA.
A. Le Coq: Estonia's alcohol tax policy made lay off 30 people
The Estonian beverage house A. Le Coq made about 30 people on various levels, or 10% of its total workforce, redundant as a result of the Estonian government's alcohol tax policy in 2017, reports LETA/BNS.
Bank of Latvia grants EUR 97.5 mln loan to ABLV against pledge of securities
The Bank of Latvia has granted a EUR 97.5 million loan to ABLV Bank against a pledge of securities, the Latvian central bank said, cites LETA.
PM: Rimsevics' case is unrelated to ABLV or any other operating credit institution
The arrest of Bank of Latvia Governor Ilmars Rimsevics has nothing to do with the case of ABLV Bank or any other operating credit institution, Prime Minister Maris Kucinskis (Greens/Farmers) told journalists following a lengthy government meeting today, informs LETA.
Latvian regulator orders ABLV Bank to stop all payments
The Latvian financial regulator, the Finance and Capital Market Commission, has ordered ABLV Bank to stop all payments, informs LETA.
Overall loss to Latvian farmers from floods estimated at nearly EUR 100 mln
Taking into account also the unreaped harvest due to the floods last year, overall loss to Latvian farmers is estimated at nearly EUR 100 million, said Agriculture Ministry’s representative Biruta Ingilavicute at the Saeima European affairs committee meeting on February 16th, cites LETA.
«The Baltic Course» Is Sold and Stays in Business!
