This year, Latvia climbed to the third place among countries of continental Europe in regards to loans issued online. France and Germany are ahead of Latvia in this industry. Thanks to rapid development of two financial technologies companies Twino and Mintos in the past two years, Latvia has become one of the leaders in alternative…Details
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Managing Director of the International Monetary Fund (IMF) Christine Lagarde has welcomed the decision of the Ukrainian government and the National Bank of Ukraine on the nationalization of PrivatBank, the largest bank in the country, as it is an important step to ensure financial stability. “Today’s decision of Ukrainian authorities to nationalize PrivatBank is an…Details
Ukraine’s Cabinet of Ministers has approved of amendments to the financial plan of the state-run enterprise Boryspil International Airport for 2016 in resolution No. 963-r dated December 14, 2016. According to an explanatory note to the resolution, the new plan says that net sales revenue will total 2.923 billion UAH and this is 188.3 million…Details
The European Bank for Reconstruction and Development (EBRD) has taken part in forming a new team of top managers of PrivatBank (Dnipro), Ukrainian President Petro Poroshenko has said. “A new professional group of specialists has been hired to manage the bank. The European Bank for Reconstruction and Development took part in the process”, the president…Details
Starting on December 16, First Ukrainian International Bank (FUIB) began to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank Mykhailivskyi”, that is to individuals whose funds were subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank…Details
There could be a price increase on dairy products, coffee, oils and oranges next year. This can be explained with trends on world markets. On Latvia’s local markets, however, there could be a price increase for bread, head of Agricultural Resources and Economics Institute’s department Inguna Gulbe said. At the same time, she said prices…Details
Minsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles. Established in March 1998, Minsk FEZ is now home to 113 resident companies. (Prime-TASS/Business World Magazine)Details