The number of non-cash payments executed in Latvia totalled 395 million in the first half of 2024, which was 6% more than in the same period of 2023, according to the Bank of Latvia, LSM reports. The value of all non-cash payments totalled EUR 491.8bn, which was up by 226% over a year. The volume…
US-based credit rating agency Fitch Ratings has reaffirmed Latvia’s sovereign credit rating at A-, which is unchanged from the previous rating in February 2023, LSM reports. At the same time, the agency revised its rating outlook from stable to positive. Fitch noted that Latvia had eliminated its dependence on Russian energy imports and reduced non-energy…
Estonian debt collection and credit management company Aktiva Finance Group will acquire Swedish credit management company Intrum Group’s business in the Baltic States for EUR 30mn, TVNET reports. Under the deal, Aktiva Finance Group will acquire 100% of shares in Intrum Group’s subsidiaries in Estonia, Latvia, and Lithuania. The transaction is expected to be closed…