International Internet Magazine. Baltic States news & analytics
Tuesday, 13.05.2025, 07:54
Western Union to shift part of jobs from Peterborough to Vilnius
Western Union, a global leader in money transfer services, intends to move part of the jobs to Vilnius from Peterborough, a city in the United Kingdom with a large population of Lithuanian emigrants, informs LETA/BNS.
Estonianh Krediidipank to close Latvian branch
The supervisory board of the Estonian Krediidipank whose ownership changed in January has decided to close the bank's Latvian branch due to the change in its strategy and focus on providing banking services solely on the domestic market in the future, reports LETA/BNS.
Latvia's Agris Preimanis appointed new EBRD director in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has chosen Agris Preimanis from Latvia as its new director in Kazakhstan, which is one of the bank’s largest countries of operations, the EBRD informed LETA.
Lithuania to develop LNG-powered locomotive
Lietuvos Gelezinkeliai (Lithuanian Railways), stevedoring company Bega, state-controlled energy terminals operator Klaipedos Nafta (Klaipeda Oil), the Vilnius Gediminas Technical University and the Klaipeda University on Thursday signed an agreement on development of the railway locomotive powered by liquefied natural gas (LNG), reported LETA/BNS.
Nordecon to reconstruct Haabersti road intersection for EUR 19.8 mln
The infrastructure services department of the City of Tallinn has signed an order declaring a tender offer by the listed construction group Nordecon AS priced at 19.8 mln euros as winner of the tender for the contract to reconstruct the Haabersti road intersection on the western outskirts of Tallinn, reports LETA/BNS.
Latvian government-funded fertility treatment program has so far resulted in 790 births
A government-funded fertility treatment program in Latvia has resulted in 790 births since its launch six years ago, Evija Stalberga, a representative of the National Health Service, told LETA.
Latvian State Revenue Service hands annual awards to biggest tax payers
The Latvian State Revenue Service and the Finance Ministry handed the annual awards to the biggest tax payers in 2016 in a ceremony today.
Corporate and household deposits in Estonia up 10% y-o-y in February
New loans to companies dropped somewhat in early 2017 compared to a year earlier. New housing loans grew by 10% in February year-on-year. Deposits grew faster than the banks’ loans and lease portfolio.
Ringier Axel Springer Media buys Baltic recruitment portal CV Keskus
Ringier Axel Springer Media AG on Wednesday acquired 100 percent of the shares in CV Keskus OU, operator of the job classifieds sites cvkeskus.ee in Estonia, cvmarket.lv in Latvia and cvmarket.lt in Lithuania, reports LETA/BNS.
Development of monetary indicators stable in February
The dynamic of monetary indicators did not change in February. The amount of deposits attracted by banks and the balance of loans granted to enterprises underwent respectively moderate and slight growth. As a result, the indicators of the year-on-year rate of change for the main monetary indicators still remain in the positive sector.
Regulators grant license to Lithuanian branch of Hong Kong Fintech company
On 29 March, 2017, the Bank of Lithuania granted a non-restricted Electronic Money Institution (EMI) license to IBS Lithuania, the European branch of Hong Kong-based Fintech company – International Business Settlement Holdings Limited. The newly issued non-restricted EMI license with the EU passporting allows IBS Lithuania to provide electronic money issuance and redemption as well as payment services across all the European Union countries, told Invest Lithuania.
Ukraine's Sberbank to be renamed Norvik Bank
Russian businessman Grigory Guselnikov said in the interview with Echo Moskvy radio station that after the acquisition of the Ukrainian subsidiary of Russia's Sberbank it will be renamed as Norvik Bank, according to UNN news portal writes LETA/BNS.
Russian Sberbank to sell its Ukrainian subsidiary to consortium of investors that includes Latvia’s Norvik Banka
Latvia’s Norvik Banka and its major shareholder Grigory Guselnikov on March 27 signed an agreement on joining a consortium of investors that will acquire Ukrainian Sberbank from its parent company, Russian Sberbank.
Riga teacher academy to be liquidated on October 1
Riga Teacher Training and Educational Management Academy will cease to exist on October 1, 2017, the Cabinet of Ministers decided writes LETA.
«The Baltic Course» Is Sold and Stays in Business!
