Posts tagged as financial

Estonian TransferWise hires Netflix’s ex-chief financial officer

Saturday, July 20, 2019

Estonian-led financial transactions start-up TransferWise has announced expansion of its board of directors with the former chief financial officer of the American online television service Netflix, David Wells. It was announced on Thursday, July 18, by one of the firm’s founders Kristo Käärmann on the blog of TransferWise, an international money transfer provided established eight years ago. «So, I’m excited to announce that today we are appointing two independent non-executive Directors to…

The Baltics with ships, but without electricity

By Lukas Ramonas on Thursday, July 18, 2019

It became known yesterday that Lithuania will acquire a rescue vessel for the naval forces worth about 40 million euros. “The contract with the winner of the tender for the construction of the vessel is planned to be signed in December of this year,” the ministry said. A preliminary cost – 39.4 million euros. Moreover, electricity in Lithuania went up by 23% to 47.4 euro per megawatt-hour last week. Prices…

Estonia transposes directive on protection of EU financial interests into national law

Thursday, July 11, 2019

The Estonian government at a sitting on Thursday decided to amend the Penal Code and relating laws to transpose into national legislation two directives of the European Union — one on the protection of the Union’s financial interests and the other on the rights of minors who are suspects or accused persons in criminal proceedings. By adopting the EU directives, investigating crimes with an adverse effect on the Union’s financial…

China’s largesse in Tonga threatens future of Pacific nation

Wednesday, July 10, 2019

The days unfold at a leisurely pace in Tonga, a South Pacific archipelago with no traffic lights or fast-food chains. Snuffling pigs roam dusty roads that wind through villages dotted with churches. Yet even in this far-flung island kingdom there are signs that a battle for power and influence is heating up among much larger nations — and Tonga may end up paying the price. In the capital, Nuku’alofa, government…

New Greek government faces swift test from creditors

Monday, July 8, 2019

Conservative party leader Kyriakos Mitsotakis was sworn in as Greece’s new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. Mitsotakis, 51, was elected on a pledge to cut bailout-era taxes and ease draconian budget targets set by Greece’s creditors during the years of financial rescue — commitments that could be put to…

Beijing is taking on a broader financial role. Here’s why that matters

By Daniel McDowell on Thursday, June 14, 2018

When the Argentine peso was in trouble last month, Argentina asked the International Monetary Fund for a $50 billion loan. But the government in Buenos Aires also reached out to Beijing for help — reportedly looking for as much as $30 billion. Argentina wants Beijing to bump up an existing “currency swap” agreement between the two countries’ central banks. Currency swaps effectively act like direct lines of credit between two…

Lithuania’s top court acquits two women in home birth case

Wednesday, June 13, 2018

Lithuania’s Supreme Court on Tuesday acquitted two women in a home birth case, in a ruling that is final and binding. The hearing was observed by several hundred supporters of home birth, who filled the courtroom and surrounding spaces. Midwife Jurgita Inga Svediene and Dalia Jakaite, having medical education, were charged with engaging in illicit economic, financial, commercial or professional activity. The case against Jakaite was dropped and the court…