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riga

EBRD and Baltic states to develop regional market for commercial papers

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The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to address short-term liquidity or working capital needs. Demands for such alternative sources of finance are rapidly increasing in the current coronavirus pandemic. In a Memorandum of Understanding, signed today, the four parties resolve to cooperate in developing a deeper and more efficient regional CP market in…

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EBRD and Baltic states to develop regional market for commercial papers

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to…

Lufthansa resumed flights from Tbilisi, Air France and airBaltic to follow suit

2 mins read

The FINANCIAL — Today, on 3rd of August, German Airline Lufthansa, resumed regular flights from Tbilisi, Georgia to Germany. During the first regular flight to Munich, all passengers were given TAV branded masks from the airport staff. Flights will be performed twice a week. Technical negotiations have been successfully completed with Air France and airBaltic and commercial flights will be…