The Bank of Lithuania announced that it would transfer 70% of its 2009 net profit to Lithuanian state budget. The bank earned record profit of LTL 519mn (EUR 150mn), of which LTL 364mn will be transferred. In the end of 2009 a law has been changed that requires the Bank of Lithuania to transfer 70% of its profit, instead of 50% that was required before. The bank?s capital will amount to LTL 1.3bn after the transfer, of which share capital is LTL 200mn, and the rest is reserve. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more