Latvia has joined Poland in removing Bermuda from its list of tax jurisdictions that are ‘blacklisted’ for being uncooperative. A statement from the government of Bermuda noted that the jurisdiction was placed on the EU’s broader list of blacklisted tax jurisdictions on the basis of work by the European Commission, which aggregated blacklists from each […]
The volume of retail trade in both the eurozone and the EU28 went down by 0.4% in July compared with June, according to the estimates of Eurostat, the statistical office of the European Union. However, the retail sales index went up by 0.8% compared with July 2013, data also showed. Looking at sector breakdown, the […]
Latvia will officially become the 18th eurozone member state on 1 January 2014, it has been agreed – and its government has been on hand to receive replica euro coins.
Estonia’s gross debt/GDP ratio of 6.1% is the lowest of all European countries covered by the latest publication of official Eurostat figures – but the stricken economies of Portugal, Ireland, Italy and Greece are still still well off the eurozone and EU 27 averages.
Guernsey has signed Tax Information Exchange Agreements (TIEAs) with Italy and Latvia, taking the total number of such Agreements to 37.
Latvia’s finance minister Andris Vilks is demanding Greece’s exit from the eurozone as quickly as possible.
The Danish and Latvian debt offices say they could start posting collateral to their derivatives counterparties – a practice many sovereign entities refuse to consider, or even to discuss publicly.
Marcus Svedberg, chief economist for Swedish asset manager East Capital, says there is a pricing anomoly between the premiums on bonds and the discounts on equities in the CEE region.
The Belgian press has been alarmed by the findings of a group of German professors who applied Benford’s Law to Belgium’s economic data and concluded some of its economic statistics may have been tweaked.
The Baltic International Bank has joined with financial experts to publish its first semi-annual list of the ‘TOP 21’ factors affecting investors in the CIS/Baltic States region.