International Internet Magazine. Baltic States news & analytics
Wednesday, 26.04.2017, 22:40
Daivis Zabulionis, deputy director of the Lithuanian Road Administration, has been sacked after nearly a year in office amid corruption suspicions, reports LETA/BNS.
Keyword tags: Corruption, Lithuania, Markets and Companies
The Swedish media group Modern Times Group (MTG) is likely to conclude talks shortly on the sale of its Baltic businesses to global private equity firm Providence Equity Partners, LETA/BNS has learned.
Russian businessman Igor Kim could sell his Expobank in Latvia, according to Russian business newspaper Vedomosti, which says that other Russian banks could also exit Latvian market, writes LETA.
Government to review legislation on development of natural gas security reserve by Conexus Baltic Grid06.03.2017
The Cabinet of Ministers committee today approved the Economics Ministry's regulation, which stipulates that natural gas security reserve in Latvia will be developed by the natural gas transmission system operator Conexus Baltic Grid, the committee informed LETA.
Latvia is the only EU member state where most enterprises are run by women managers, according to the latest Eurostat data reflecting the situation in 2014.
Estonian Minister of Justice Urmas Reinsalu confirmed on Monday that he would continue the process of claiming occupation damages from Russia as the legal successor to the Soviet Union since the government had not decided otherwise.
Vitas Vasiliauskas, the Lithuanian central bank governor, says that the financial services market is undergoing a fast transformation as alternative services providers are growing in numbers, increasing the pressure on the commercial banks to embrace innovation.