As an expression of gratitude for its cooperation in the investigation of the Danske Bank money laundering case, the US Department of Justice will share 50 million US dollars in the fines awarded from the bank with Estonia, spokespeople for the Estonian Ministry of Justice said on Friday. «US SecretaryContinue Reading
The central Bank of Lithuania has proposed anti-inflationary measures aimed at helping people most affected by rising price. Such measures include a proposed further increase in non-taxable income, state compensations for those who heat their homes with gas or electricity, and potential public transport subsidies. The central bank is suggestingContinue Reading
Sweden’s banking authority has closed an investigation into alleged European Union regulations infringement at Swedbank, with no comment issued. Swedbank’s Estonia branch was earlier linked to a large-scale money laundering scandal involving the now-defunct Tallinn branch of Danske. The Swedish financial supervisory body, Finansinspektionen (FI), had investigated suspected breaches ofContinue Reading
How unusual is the Estonian government’s 60-million cut compared with the activities of other governments in the euro area? Every country of the euro area decides its budget according to the country’s situation and necessities. The budget of Estonia’s government sector runs deficit for two reasons: because of the crisisContinue Reading