Posts tagged as debt

Estonia needs to take on €2.5 billion in debt in new year

Monday, December 14, 2020

The state needs to take on debt obligations of about €2.5 billion next year, the Ministry of Finance has said, and discussions are underway about how to do so. Ministry undersecretary Märten Ross told ERR this depends on the market situation and would probably not be done only with long-term bonds. “There are many more choices and thoughts here, including depending on what the market situation might be during the…

Total tax debt in Latvia at EUR 954.5 mln in early May

Saturday, May 23, 2020

At the beginning of May 2020, tax debts in Latvia totaled EUR 954.542 million, an increase of 7.5% month-on-month, writes LETA, according to the State Revenue Service. This total includes current and suspended debts as well as debts with extended payment deadlines. Overdue social security contributions grew at the steepest rate over the past month. Tax debts to the central government basic budget stood at EUR 507.547 million, an increase…

State seeking to abolish strict ad restrictions on consumer credit providers

Wednesday, July 17, 2019

The Estonian Ministry of Economic Affairs and Communications is seeking to abolish strict advertising restrictions on providers of express loans, which were imposed only three years ago when the state decided to harshly organize the express loan market, the daily Postimees writes. At present, an express loan advert is allowed to contain only mandatory information, for example the interest rate, the annual percentage rate of charge, and the company’s contact…

Latvia experienced bigger state debt reduction than average in EU in Q2 2018

Tuesday, October 23, 2018

Compared to the same period of last year, Latvia experienced a bigger state debt reduction than average in the European Union in Q2 2018, according to data published by Eurostat. Latvia’s state debt has declined by 2.7 percentage points in Q2 2018. The largest decline was registered in Slovenia (-7.4 percentage points), Lithuania (-6.5 percentage points), Ireland (-6.4 percentage points), Portugal (-5.9 percentage points), Malta (-5.5 percentage points), Netherlands (-4.8…

Fitch revises Lithuania’s rating outlook from stable to positive

Monday, August 13, 2018

Fitch Ratings has revised the outlook on Lithuania’s long-term foreign-currency credit rating from stable to positive, informs LETA/BNS referring to the Finance Ministry of Lithuania. The outlook was changed after a positive review of the country’s fiscal policy. Lithuania’s long-term credit rating is now “A-“, and the short-term credit rating is “F1”, and they remain unchanged. Fitch Ratings upgraded the outlook following a positive review of Lithuania’s growth, fiscal policy…