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Banka Baltija
Banka Baltija was a Latvian bank which in the early 1990s was one of the largest banks in the country. It was founded in 1993, but closed down due to bankruptcy in June 1995. History Banka Baltija, associated with the father and son Emīls Lavents (born 1923, Odesa) and (born 9 August 1959, Anapa) respectively, was founded in 1993 and experienced very rapid growth. It became the largest bank in Latvian by offering high interest rates to savers and attracted many clients. Its assets rose from US$25 million from 1993, to 242 million dollars in 1994, reaching 500 million in 1995. The bank's capital rose from 1 million in 1993, 20 million in 1994 to 44 million in 1995. The bank employed several Chekists and had links to the “Pārdaugava” organized crime network. The Group of 24 loan to Latvia, which later became a landmark case of government mismanagement, passed through Banka Baltija. Banka Baltija had 37 branches and 49 settlement groups all over Latvia employing 1300 peo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riga
Riga (; lv, Rīga , liv, Rīgõ) is the capital and largest city of Latvia and is home to 605,802 inhabitants which is a third of Latvia's population. The city lies on the Gulf of Riga at the mouth of the Daugava river where it meets the Baltic Sea. Riga's territory covers and lies above sea level, on a flat and sandy plain. Riga was founded in 1201 and is a former Hanseatic League member. Riga's historical centre is a UNESCO World Heritage Site, noted for its Art Nouveau/Jugendstil architecture and 19th century wooden architecture. Riga was the European Capital of Culture in 2014, along with Umeå in Sweden. Riga hosted the 2006 NATO Summit, the Eurovision Song Contest 2003, the 2006 IIHF Men's World Ice Hockey Championships, 2013 World Women's Curling Championship and the 2021 IIHF World Championship. It is home to the European Union's office of European Regulators for Electronic Communications (BEREC). In 2017, it was named the European Region of Gastronomy. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of Latvia
The Supreme Court of the Republic of Latvia ( lv, Latvijas Republikas Augstākā tiesa) or the Senate of Latvia (''Latvijas Senāts'') is the highest level court in the three-tiered court system of Latvia. It deals with criminal, civil and administrative matters. Its oversight is determined in the Constitution, the structure and competence of the court are established by the Act On Judicial Power. The Court consists of the Civil Cases Court, three departments, administration and two divisions, located in the Palace of Justice on Brīvības bulvāris, Central Riga. Since 1995, there have been three levels of courts in Latvia. The first level courts are the district (city) courts; the second level are the regional courts and the third level is the Supreme Court. This three-tiered system ensures that the decisions of the courts of first instance can be appealed, are reviewed on appeal ('' de novo''), and reviewed by a cassation appeal. The departments of the Supreme Court, as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1993
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latvian Companies Established In 1993
Latvian may refer to: *Something of, from, or related to Latvia **Latvians, a Baltic ethnic group, native to what is modern-day Latvia and the immediate geographical region **Latvian language, also referred to as Lettish **Latvian cuisine **Latvian culture **Latvian horse *Latvian Gambit, an opening in chess See also *Latvia (other) Latvia is a country in Europe. Latvia can also refer to: *Latvian Soviet Socialist Republic (1940–1990) *Latvia (European Parliament constituency) * 1284 Latvia - asteroid * Latvia Peak - mountain in Tajikistan Tajikistan (, ; tg, То ... * {{disambiguation Language and nationality disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1995
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Latvia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Latvia
The economy of Latvia is an open economy in Eastern Europe and is part of the European Single Market. Latvia is a member of the World Trade Organization (WTO) since 1999, a member of the European Union since 2004, a member of the Eurozone since 2014 and a member of the OECD since 2016. Latvia is ranked the 14th in the world by the Ease of Doing Business Index prepared by the World Bank Group. According to the Human Development Report 2011, Latvia belongs to the group of very high human development countries. Due to its geographical location, transit services are highly developed, along with timber and wood processing, agriculture and food products, and manufacturing of machinery and electronic devices. Latvia's economy has had rapid GDP growth of more than 10% per year during 2006–07, but entered a severe recession in 2009 as a result of an unsustainable current account deficit, collapse of the real estate market, and large debt exposure amid the softening world economy. Trig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ABLV Bank
ABLV Bank was one of the largest private banks in the Baltic states, Baltic States, headquartered in Riga, Latvia with representative offices abroad from 1993 to 2018. Following accusations of money laundering by the United States Department of the Treasury and continued pressure from national regulatory agencies, on 26 February 2018 the ABLV board voted to start the process of voluntary liquidation. The liquidation plan was approved on June 12. ABLV had three primary lines of business: private banking, investment and financial planning. History The bank was founded on 17 September 1993 on the basis of the Bank of Latvia regional branch in the city of Aizkraukle, thus the bank was named ''Aizkraukles Banka''. The path in the top three of the largest banks of Latvia In 1995, there were changes made to the bank's shareholding structure: and (also Oleg Fil), became the bank's shareholders and executives. Also in 1995, the bank started expanding its activities and founded a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parex Bank
Parex Bank was a Latvian bank founded in 1992 by Valērijs Kargins and as a privately owned full-service banking company in Riga, Latvia that was very dominant in currency exchange in the 1990s. It had local and international clients in both the West and Russia with close ties to the Tambovskaya Russian mafia in St Petersburg and Vladimir Putin. As the second largest bank in Latvia in 2008, its failure and state takeover was one of the major events of the 2008–2010 Latvian financial crisis. On 1 August 2010, Parex Banka was split into a new bank Citadele Banka and Reverta, an asset recovery company. Citadele was then sold to a group of United States investors while Reverta sued the founders Kargins and Krasovickis for €88 million due to 14 highly irregular loans and deposits between 1995 and 2008. History On 5 August 1986, under the Riga's City Committee of the Komsomol, Gints Marga created ''Parex'', which is a portmanteau of ''export parity,'' as a self support ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delfi (web Portal)
Delfi (occasionally capitalized as DELFI) is a news website in Estonia, Latvia, and Lithuania providing daily news, ranging from gardening to politics. It ranks as one of the most popular websites among Baltic users. Delfi operates in the respective Baltic countries under the domain names delfi.ee, delfi.lv, and delfi.lt. Aside from versions in the Estonian, Latvian, and Lithuanian languages, the company offers Russian language versions of its portal in all three countries. On 12 March 2012, Delfi started a Polish version under pl.delfi.lt. A year later an English version was added under en.delfi.lt. In March 2014 delfi.ua version was closed. In February 2016, most of the delfi.lt English-language version content were placed under a paywall to restrict access to most articles without a paid subscription, as the articles in this version of Delfi are supported by the Lithuania Tribune, which raised questions on implementing the paywall there. It is unknown if other language ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Group Of 24
The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, or The Group of 24 (G-24) was established in 1971 as a chapter of the Group of 77 in order to help coordinate the positions of developing countries on international monetary and development finance issues, as well as and to ensure that their interests are adequately represented in negotiations on international monetary matters. Though originally named after the number of founding Member States, it now has 28 Members (plus China, which acts as a ''Special Invitee''). Although the G-24 officially has 28 member countries, any member of the G-77 can join discussions. Although the group is not an organ of the International Monetary Fund, the IMF provides secretariat services for the Group. It meets biannually, first prior to the International Monetary and Financial Committee, and secondly prior to the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund. These meeti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
