Wed, 23 Sep 2009: Exporters receive financial support…
Sep 23, 2009 Baltics
"We are currently essentially a shoe salesman who only sells shoes for one foot and in only one size," explained Kredex chief Andrus Treier. He said that his company "cannot operate in the EU." ...Tags: Andrus, Credit Insurance, Draft Law, European Union, Guarantees, Insurance, Insurance Companies, Insurance Company, Legislative Proposal, Local Enterprises, Oecd Countries, One Foot, Shoe Salesman, Shoes
Wed, 31 Aug 2005: State to pursue insurance watchdog chief for lack of professionalism…
Aug 31, 2005 Baltics
"The second conclusion is that the commission did not perform its duty to inform, in a proper way, the government and the public about the situation regarding insurance supervision," he said. The ...Tags: Baltic, Bankruptcy Proceedings, Conclusion, Gross Breach, Ingo, Insurance, Insurance Company, Insurance Supervision, Insurance Watchdog, Insurer, Labor Discipline, Losses, Percent Stake, Professionalism, Regional Court, Russian Insurance, State Insurance, Sufficient Grounds, Valid Reason
Thu, 3 Apr 2003: Insurer seeking equity finance…
Apr 3, 2003 Baltics
Lietuvos Draudimas did not pay dividends on its 2001 earnings. In 2002, Lietuvos Draudimas posted an audited net profit of 6.7 million litas, down by 46.8 percent from 12.6 million litas in 2001. ...Tags: Central And Eastern Europe, Codan, Danish Insurance, Denmark, Dividends, Earnings, European Bank For Reconstruction And Development, Finance, Insurance, Insurance Company, Insurer, Investment Fund, Lietuvos Draudimas, Litas, Net Profit, Percent Stake, Reconstruction, Seeking Equity
Thu, 13 Mar 2003: Lithuanian insurer sees profits sink…
Mar 13, 2003 Lithuania
The group received 315.2 million litas in insurance income last year, a rise of 43.5 percent year-on-year. The company's board has recommended earmarking 35 million litas for dividend payments. Li...Tags: Codan, Credit Insurance, Danish Insurance, Dividend Payments, Dividends, Earnings, Insurance, Insurance Company, Insurer, Investment Income, Late September, Life Insurance, Litas, Net Income, Percent Stake, Profits, S Board, Shareholder Equity
Thu, 18 Nov 1999: Majority polled want to see benefits docked…
Nov 18, 1999 Baltics
About 106,000 pensioners are still trying to make ends meet by working."The ministry is now working on changes in the law on state social insurance," said Usas. "When [the ministry] finishes its w...Tags: Banks, Compensation Program, Decisions, Financial Situation, Insurance, Insurance Company, Lithuania, Lithuanian Parliament, Money, Parliament, Pensioners, Ruble, Social Insurance, Touchy Area
Thu, 11 Nov 1999: Can blue chip list stop bourses’ continuing slide?…
Nov 11, 1999 Baltics
For example, the insurance company Balta, which formally meets the market capitalization requirement, is far from liquid. Its shares were not traded at all during this past October.A blue chip lis...Tags: Balta, Blue Chip, Bourses, Financial Position, Foreign Investors, Insurance, Insurance Company, Market Capitalization, Medium Size Companies
Thu, 4 Nov 1999: Seesam takes over Polaris Life clients…
Nov 4, 1999 Baltics
Its life insurance policies are worth 35 million kroons ($2.43 million).Seesam Life Insurance, a subsidiary of the Finnish insurance company Pohjola, presently owns 5.4 percent of the Estonian lif...Tags: Estonian Life, Insurance, Insurance Company, Insurance Life, Life Insurance Market, Life Insurance Policies, Life Policies, Pohjola, Polaris, Risk Manager, Subsidiary
Thu, 29 Jul 1999: Insurance for sale in Riga…
Jul 29, 1999 Latvia
The company promise to open similar stores in other Latvian towns, if this undertaking proves successful.. ...Tags: Insurance, Insurance Company, Promise, Riga, Undertaking
Thu, 1 Jul 1999: Insurers choose risky business …
Jul 1, 1999 Baltics
One-third of the total construction cost (130 million kroons) was to be financed by the AB Insurance Group and the rest by Uhispank. When the real estate market went down, the insurance company lo...Tags: Amendments, Bankruptcy Proceedings, Bonds, Construction Cost, Council Chairman, Ehitus, Insurance, Insurance Company, Insurance Group, Investments, Kroons, Leonid, Real Estate Market, Risky Business, Spokesman, Square Meter
Thu, 25 Feb 1999: Earnings of the listed and to-be-listed companies…
Feb 25, 1999 Baltics
Hansapank's assets at the end of last month totaled 21.62 billion kroons as compared with 21.29 billion kroons at the end of December, officials at the bank reported. ä The Tallinn-based confectio...Tags: Assets, Confectionery Maker, Earnings, Insurance, Insurance Company, Insurance Premiums, Kroons, Optiva Bank, Previous Year, Tallinn
Thu, 10 Dec 1998: Earnings of the listed and to-be-listed companies…
Dec 10, 1998 Baltics
ASA Kindlustus is Estonia's third largest insurance company in terms of premiums.ä The Forekspank Group ended the January-September period with a loss of 98.8 million kroons, the bank informed the...Tags: Asa, Balance Sheet, Bottom Line, Earnings, First Nine Months, Hansapank, Insurance, Insurance Company, Kroons, Largest Insurance, Losses, Net Profit, Premiums, Russia, Stoc, Stock Exchange, Stock Investments, Subsidiaries
Thu, 1 Oct 1998: Uhispank to determine its role in insurance companies…
Oct 1, 1998 Baltics
Last year, ETAS Insurance merged with Leks Insurance and through this merger, Uhispank became a shareholder of Leks Insurance. The bank's share in Leks Insurance is about 35 percent, while in Sees...Tags: Competitive Insurance, Dominant Position, Insura, Insurance, Insurance Company, Insurance Marketing, Insurance Services, Jurgen, Life Insurance Companies, Marketing Manager, Merger, Pension Insurance, Percent Stake, Selling Insurance, Services Marketing, Shareholder, Shareholders
Thu, 24 Sep 1998: Insurance company formed…
Sep 24, 1998 Baltics
Hansa Apdrosinasana Board Chairman Arnis Pakalnins said in five years, the company will increase its nominal capital from 1.06 million lats ($1.8 million) to 2 million lats and will have a market ...Tags: Arnis, Bank Insurance, Banks, Board Chairman, Insurance, Insurance Company, Insurance Contracts, Insurance Premiums, Lats, Life Insurance, Market Share, Money, New Insurance, Outflow, Pension Funds, Retirement
Thu, 20 Aug 1998: Insurance companies merge to fight market slowdown…
Aug 20, 1998 Baltics
The bank's subsidiary also has a non-life insurance division, Eesti Varakindlustus.Eesti Elukindlustus with its 43 percent market share and Hansapank Insurance with its 22 percent share plan to co...Tags: Insurance, Insurance Companies, Insurance Company, Insurance Division, Insurance Market, Kroons, Life Insurance Premiums, Market Share, Market Slowdown, Share Plan, Subsidiary, Tendency
Thu, 23 Jul 1998: Earnings of the listed and to be listed companies …
Jul 23, 1998 Baltics
"The second half is decisive for us," chairman of the board Jaak Hion told BNS. "I believe we will finish the year with a profit." Farmaatsiatehas posted a loss of 1.7 million kroons for the first...Tags: Chairman Of The Board, Earnings, Financial Losses, Four Months, Hion, Insurance, Insurance Company, Jaak, Kroons, Merger, Months Of The Year, Net Sales, Pank, Second Half, Shares, Stock Markets, Unrealized Loss