International Internet Magazine. Baltic States news & analytics
Wednesday, 14.05.2025, 05:45
The Estonian Cryptocurrency Association founded
Yesterday, on 5th November 2014. 33 legal entities and individuals announced founding of the Estonian Cryptocurrency Association with main goals to develop the field of cryptocurrencies in Estonia.
If earns EUR 17.4 mln in Baltics in January-September
Estonia-registered insurance company If P&C Insurance and its subsidiaries in Latvia and Lithuania, earned EUR 17.4 million in January-September 2014, informs LETA.
Money flows into the state institutions in Lithuania
As the ruling parties debate over increasing salaries of the lowest earners, money continues to flow to state institutions in Lithuania, informs LETA/ELTA, referring to Lietuvos rytas.
Construction companies carrying out illegal schemes in regard to EU funded procurements found in Latvia
A cartel of construction companies carried out an agreement scheme in Latvia in regard to procurements funded by the European Union funds, disguising the process with fictitious general contractor and subcontractor relations, informs LETA.
24.5% Europeans at risk of poverty or social exclusion
The number of people at risk of poverty or social exclusion has slightly decreased in the European Union (EU) in 2013, reaching 122.6 million people, according to latest data compiled by Eurostat, cites LETA.
41% Estonian families lack savings
72% Estonian households think that, if necessary, they are able to save money each month but in reality 41% lack savings, Delfi cites a study commissioned by Eesti Pank and carried out by TNS Emor.
New Cabinet ministers' average age in Latvia is 48
The average age of ministers in the new government of Laimdota Straujuma is 47.9, and their average length of service in previous Cabinets is 28 months, according to information compiled by LETA.
Citadele Bank sold to Ripplewood for EUR 74 mln
Latvian Privatization Agency signs to sell 75% of Citadele Bank to international investors organized by Ripplewood Advisors LLC. The EBRD maintains 25% of the bank. Ripplewood aims to build Citadele Bank into a national champion, reported BC head of PR at Latvian privatization agency Guntis Kārkliņš.
Latvian government committed to raising the minimum wage
According to the new government declaration, the prospective government in Latvia is committed to raising the minimum wage, reports LETA.
New economy minister's priority: creation of support program for business in Latvia
Dana Reizniece-Ozola (Greens/Farmers), the economy minister candidate in the new government of Latvia, told LETA that the creation of a support program for business activities will be one of her main priorities as minister.
Ilves welcomed members of World Bank’s World Development Report advisory panel in Tallinn
In Washington in May 2014, the President of the World Bank, Jim Yong Kim, asked the President, Toomas Hendrik Ilves, to become a co-leader of the Advisory Panel of the World Bank Report. At the invitation of the Estonian Head of State, the members of the Panel gathered in Tallinn today, reports BC presidential press service.
Reduced VAT rate on heating opened LTL 150 mln hole in the budget 2015
As the ruling parties in Lithuania decided to preserve the reduced VAT rate on heating, a LTL 150 million (EUR 43.3 million) hole opened in the budget 2015, informs LETA/ELTA, referring to Vakaro zinios.
Invalda LT signs Finasta group share purchase agreement
Invalda LT, one of the leading companies in Lithuania investing in other businesses and managing assets, together with partners has signed the Finasta group Share Purchase Agreement, informs LETA/ELTA.
Lietovos bankas: business' attitude towards borrowing is improving
A survey commissioned by the Bank of Lithuania has shown that for the first time in two years more companies are ready to use external financing than their own resources, informs LETA/ELTA.
Estonia must be a leader not a follower in shaping EU policies
Estonia must be a leader not a follower in shaping EU policies, the Chairman of the European Union Affairs Committee (EUAC) Kalle Palling said at the Tuesday sitting of the Riigikogu, where the focus was on the implementation of Estonia's European Union policy, reported LETA, referring to Riigikogu press service.
«The Baltic Course» Is Sold and Stays in Business!
