The European Central Bank has on December 8 stated that it would continue its quantitative easing programme no less than until December 2017 and would buy bonds for a smaller sum - 20 billion euros a month.
An unusual event has become one of Finland’s top media stories on December 7 – national postal service Posti is blamed for «losing» the latest release of social-democratic weekly Demokraatti in its entirety.
This week, 6 December, OP Corporate Bank plc commenced cooperation with Latvijas Gāze in relation to the provision of a loan worth EUR 35 million. The bank acquired rights to provide the loan by winning in Latvijas Gāze tender for re-financing of capital investments.
Over the past year, a small consumer price increase has been registered in Estonia – from November 2015 to November 2016 the country’s consumer price index has risen by a percent. Statisticians evaluate that the key factors behind it have been more expensive fuel, alcohol and tobacco.
Reacting to reports that a number of iPhone users has have experienced battery «fires», U.S. tech giant Apple has this week blamed external factors, not the parts of the device for the accidents.
Russian government stated on December 7 that British commodities trader Glencore and Qatar's sovereign wealth fund are jointly acquiring a 19.5% stake in Rosneft, Russia's largest oil firm.
In the first three quarters of 2016, Latvian enterprises were provided with bank loans for a total amount of 1.4 billion euros, which is 40% more when compared with the first nine months of 2015, according to estimates from the Latvian Association of Commercial Banks and Finance and Capital Market Commission.
The European Union over the recent years transferred billions of euros to Ukraine, for the most part as direct budget support and yet EU’s European Court of Auditors stated on December 6 it was unable to say how the money was spent.
Continuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzceļš had increased in November. The volume of cargoes transported by rail reached 4.46 million tons or 7.6% more in comparison with November 2015.
Estonian Rural Affairs Minister Martin Repinski announced on December 6 that he was stepping down from office, having worked in the post for less than two weeks amid scandals surrounding him.
Largest U.S. social networking companies have stated on December 5 that they cooperate to create a joint data base with images and videos that are employed to lure users into terrorist activities.
In Q3, the current account formed a surplus of 1.5% of the country’s GDP, according to data from the Bank of Latvia. This year’s general surplus is 1.1% of GDP. It is expected that investment inflow will remain positive before the end of the year. It will be slower than last year, predicts Swedbank economist Agnese Buceniece.
Deals in the media sector are a matter of state security. With that, Prime Minister Maris Kucinskis and Economy Minister Arvils Aseradens should be more active in efforts to control strategically important business directions, said MEP Artis Pabriks.
Nine Representative bodies of Estonia’s manufacturing industry and the Estonian Employers’ Confederation jointly addressed the government on December 5 protesting against a planned excise tax hike on natural gas.
Festive New Year’s fireworks will cost EUR 22,900 without VAT in Ventspils this year, according to information from the Procurement Monitoring Bureau.
International lenders have on December 5 pledged to ease the heavy debt burden of Greece after a meeting of Eurogroup finance ministers.
In spite of slow non-life insurance market growth in Latvia, which had reached a mere 6% in the first three quarters, BALTA insurance association concluded the first nine months of 2016 with profits of EUR 3.2 million.
In spite of efforts by policy-makers to sort out the business environment and make it more favourable, there have no serious changes in the last twelve months, and Latvia’s overall attractiveness for investors has not improved.
Counterfeit goods on the market cause nine industries to lose more than EUR 48 billion every year, according to estimates calculated in studies performed by European Union Intellectual Property Office.