Posts tagged as capital

How Brexit fuelled Lithuania’s ambitions to become Europe’s fintech capital

By Keumars Afifi-Sabet on Monday, May 31, 2021

Lithuania is only a small country on the outskirts of the European Union (EU) with palatable weather and complicated history; a modest economy and population a third the size of London’s would hardly render it a key player on the global stage. You will, therefore, perhaps be forgiven for overlooking the fact that this Baltic nation, rich with lavish landscapes and stunning castles, has, in recent years, surged to become…

Bank of Lithuania urges electronic money and payment institutions to comply with capital requirements

Friday, August 28, 2020

The Bank of Lithuania reminds electronic money and payment institutions (EMIs/PIs) about the necessity of holding sufficient and legally established capital buffers. ‘Capital requirements, along with the prevention of money laundering and safeguarding of customer funds, are the key areas that fall under our supervision. Unfortunately, some EMIs and PIs pay too little attention to this particular aspect, which is in fact an important indicator of their financial state. However,…

Vilnius among Europe’s healthiest capital cities

Thursday, January 30, 2020

Lithuania’s capital city Vilnius has been named as the healthiest in the region of Central–Eastern Europe. Recent analysis by Treated.com, a UK-based health consultancy, has found that Vilnius ranks seventh of Europe’s 46 capitals, the Lithuanian city securing 169 points (the less points a city received, the healthier it is), scoring best in Central–Eastern Europe in terms of air quality and the highest in the continent in offering its residents…

Strong quake hits near Greek capital of Athens, sparks fear

Friday, July 19, 2019

A strong earthquake hit Friday near the Greek capital of Athens, causing residents to run into the streets in fear and firefighters to check for people trapped in elevators. The Athens Institute of Geodynamics gave the earthquake a preliminary magnitude of 5.1 but the U.S. Geological Survey gave it a preliminary magnitude of 5.3. The Athens Institute says the quake struck at 2:13 p.m. local time (1113 GMT) about 26…

Estonian ForMin expresses protest to Russia over planned fireworks show

Wednesday, July 10, 2019

The Estonian Ministry of Foreign Affairs has expressed its protest to the embassy of the Russian Federation in Estonia in relation to a fireworks show to be held in Moscow on the anniversary of the capture of Tallinn by Soviet forces in 1944. The Estonian Ministry of Foreign Affairs on Wednesday summoned a representative of the Russian embassy and expressed protest in connection with the staging of a fireworks show…

Head of Latvian Finance and Capital Market Commission steps down

Saturday, July 6, 2019

The chairman of Latvia’s Finance and Capital Market Commission (FCMC) Pēters Putniņš and his deputy Gunta Razāne submitted resignations on Thursday, 4 July, as confirmed by Finance Minister Jānis Reirs. Both submitted resignations, asking to be relieved of duties as of 15 July, said Reirs. He confirmed forwarding resignations to Saeima speaker Ināra Mūrniece along with a letter, requesting the matter regarding Putniņš and Razāne to be discussed by Saeima’s…

Islamic State expands reach in Afghanistan, threatening West

By Kathy Gannon on Monday, June 10, 2019

The Islamic State group has lost its caliphate in Syria and Iraq, but in the forbidding mountains of northeastern Afghanistan the group is expanding its footprint, recruiting new fighters and plotting attacks on the United States and other Western countries, according to U.S. and Afghan security officials. Nearly two decades after the U.S.-led invasion, the extremist group is seen as an even greater threat than the Taliban because of its…

After Hours HBO’s Chernobyl highlights Vilnius as a go-to filming location

Saturday, June 8, 2019

The last episode of HBO’s outstanding miniseries Chernobyl aired this week, ending the bone-chilling historical drama. As of today, the show stands as the highest-rated TV series in history on IMDB. Contrary to public belief however, Chernobyl was not filmed only in Ukraine – the larger part of the show was shot in Lithuania. Extensive parts of the show were shot in Vilnius, increasing the Lithuanian capital’s now established reputation as one of the regional leaders…

ZGI-4 venture capital fund attracted the currently largest private investment in Latvia amounted 10 mln euros

Saturday, August 25, 2018

One of the most experienced venture capital fund managers in the Baltic States, ZGI Capital, has attracted private investments of 10 mln euros to the newly founded capital growth fund ZGI-4. At present, it is the largest private investment raising in Latvia for a state co-financed capital growth fund. The largest amount, or 7.5 mln euros, was invested in the ZGI-4 fund by Swedbank Ieguldījumu Pārvaldes Sabiedrība AS, which will…

FCMC decides to keep countercyclical capital buffer rate at 0%

Wednesday, July 25, 2018

Considering macro-economic and finance sector indexes, Latvia’s Finance and Capital Market Commission has decided to keep countercyclical capital buffer rate for venture capital deals signed with Latvia’s domestic clients unchanged at 0%, as confirmed by FCMC.The commission will consider setting the buffer rate above 0% if a major increase of cyclic systemic risks is observed in Latvia’s finance sector. FCMC’s established countercyclical capital buffer rate will be in use by…