The Baltics Today

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ESCB central banks welcome the publication of Foreign Exchange Global Code of Conduct

he European System of Central Banks (ESCB) welcomes the publication of the Foreign Exchange Global Code of Conduct (Code) and related adherence mechanisms material, the Bank of Lithuania informed.

Growing popularity of peer-to-peer lending platforms in Lithuanian consumer credit market

In the first quarter of 2017, new consumer credits granted to residents continued to decline in number; however, peer-to-peer lending platforms, which also grant this credit, increased their lending volumes fast.

Portfolio of non-bank loans in Latvia grows to EUR 527.79 mln in 2016

he aggregate loan portfolio of non-bank lenders in Latvia was EUR 527.79 mln at the end of 2016, growing EUR 76.89 mln or 17.05% y-o-y, according to the report about the non-bank consumer loan market in 2016 prepared by the Center for Protection of Consumer Rights (PTAC).

Estonian maker of skin bleach products eyeing Asian market

Enterprise Estonia has given 18,000 euros to the manufacturer of peat based beauty products Turbliss OU to carry out research with a view to entering the Asian market, reports LETA/BNS.

Estonia to expel 2 Russian diplomats

Estonia has decided to send two Russian diplomats out of the country. "We can confirm that this incident took place," spokesperson for the Estonian Foreign Ministry Sandra Kamilova told LETA/BNS on Friday.

Power generation by Latvian hydro power plants grows 69.2% y-o-y in Jan-April

n the first four months of 2017, Latvia's hydro power plants generated by 69.2% more electric power than during the same period in 2016, according to the information from the Central Statistical Bureau.