Posts tagged as Payments

Lithuania offers 300 euros to each migrant

Monday, August 9, 2021

Lithuania will pay 300 euros to migrants willing to return to their country of origin, the country’s Interior Ministry announced on Monday. Foreigners will be informed of the possibility to lodge requests to voluntarily return. In such cases, tickets will be bought for such people and one-off payments of 300 euros will be made by the Migration Department or the State Border Guard Service. Money in cash will be paid…

Tax take rises nearly 15 percent in April 2021 compared with previous year

Friday, June 11, 2021

Tax take for April stood at €670.8, a 14.9 percent rise on year, the Tax and Customs Board (MTA) says, with growth mainly fueled by the low starting point, given that April 2020 was the first full month to follow the arrival of the coronavirus pandemic. VAT receipts January to April 2021 came to €804 million, 19 percent more than in the same period in 2020, though even 5.9 percent…

Bank of Estonia: Domestic, cross border payments rise on year to Q1 2021

Monday, April 26, 2021

Turnover of domestic clients increased by 6.7 percent on year to the first quarter of 2021 (Q1 2021), the Bank of Estonia reports, while the number of payments over the same period rose 7.2 percent. Between Q4 2020 and Q1 2021, domestic client payments rose 0.4 percent, while the number fell 1.1 percent. The turnover of domestic payments excluding card payments in Q1 2021 stood at €38.4 billion, while the…

Second pillar pension fund payments can be temporarily suspended in October

Thursday, October 1, 2020

The Estonian state suspended its 4 percent pension payments into the second pillar made from social tax from July 1 this year until August 31, 2021, however, the 2 percent individual payment made from salaries will continue automatically if an application for its temporary suspension in October is not submitted. Minister of Finance Martin Helme (EKRE) said the temporary suspension of payments to the second pillar and the reform of…

50% companies operating at Ventspils Port still having problems

Thursday, July 9, 2020

Around 50 percent of companies operating at Ventspils Port are still having problems making payments, Andris Purmalis, the head of the Ventspils Freeport Authority, admitted in an interview with Latvian Radio on July 9th. “50% companies working at Ventspils Port are still having problems settling accounts with banks, because banks implement disproportionately strict requirements for these companies, which hinders business,” said Purmalis. At the same time, he also pointed out…

Vilnius Series: Invest Lithuania

By Natalie Novick on Tuesday, September 10, 2019

Earlier this summer, I had the opportunity to spend a few days in Lithuania to check out the startup scene there. I’d never been to Lithuania before, but the country has long been on my radar. Part of the reason for this is the many initiatives the country is putting forward to help develop their technology and entrepreneurship ecosystem, with a special emphasis on fintech. These actions have been garnering…

FCMC approves methodology for ABLV Bank’s liquidation

Thursday, March 7, 2019

The Financial and Capital Market Commission (FCMC) at an extraordinary meeting on Wednesday approved the methodology for screening the creditors of ABLV Bank for the bank’s self-liquidation, FCMC spokeswoman Ieva Upleja reported LETA. ABLV liquidator Arvids Kostomarovs told LETA earlier that payments to creditors will be started not sooner than 2-3 months after FCMC approves the methodology. As reported, the European Central Bank annulled ABLV Bank’s license in July 12, 2018.…

Ex-lawyer Cohen says Trump knew hush payments were wrong: ABC

Saturday, December 15, 2018

U.S. President Donald Trump directed hush payments to two women during the 2016 presidential campaign and knew the actions were wrong, his former personal lawyer Michael Cohen said in a television interview that aired on Friday. “He directed me to make the payments. He directed me to become involved in these matters,” Cohen, who was sentenced to prison this week over campaign finance and other charges, told ABC News. Trump…

Russia, India Solving Problems Over Payments for Current Defense Contracts

Friday, August 24, 2018

There have been no payments for current defense contracts from India since April 2018, the newspaper Vedomosti reported earlier. According to the media outlet, the problems had been caused by US restrictions. Problems concerning contracts between Russia and India will be settled, the Federal Service for Military-Technical Cooperation’s (FSMTC) press service told on Friday. “There are certain problems related to payments for current contracts, which arose for reasons beyond our…