Date: 13.02.2018.

International Internet Magazine. Baltic States news & analytics Friday, 23.02.2018, 00:34

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U.S. imposes sanctions on Latvia's ABLV Bank over money laundering schemes

U.S. imposes sanctions on Latvia's ABLV Bank over money laundering schemes

13.02.2018

The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury has imposed sanctions against Latvia’s ABLV Bank over money laundering schemes that have been aiding North Korea’s nuclear program and illegal activities in Azerbaijan, Russia and Ukraine, informs LETA/POLITICO.

Keyword tags: Banks, EU – Baltic States, Financial Services, Latvia, Legislation, USA



In January, prices for the industrial production in Lithuania increased by 0.8%

In January, prices for the industrial production in Lithuania increased by 0.8%

13.02.2018

Statistics Lithuania informs that in January 2018, against December, prices for the total industrial production sold increased by 0.8%, refined petroleum products excluded – 0.1%. The overall price change was influenced by an increase in prices for refined petroleum products and tobacco products, as well as by a decrease in prices for electricity, gas, steam and air conditioning supply. The greatest influence on the change in prices for industrial production sold by economic activity is provided in Table 1.

Prisma considering merging with competitors to expand in Estonia

Prisma considering merging with competitors to expand in Estonia

13.02.2018

Retail chain Prisma Peremarket AS wants to double the number of its stores in Estonia in the next five years and has not ruled out merging with another retail chain, informs LETA/BNS.


Wages of Estonian military personnel to grow by 1/3

Wages of Estonian military personnel to grow by 1/3

13.02.2018

According to the development plan of the Defense Ministry's area of government for the next four years, the wages of active service military personnel are set to grow by approximately one-third, informs LETA/BNS.

Cargo turnover at Latvia's Skulte port grows 19.1% in January

Cargo turnover at Latvia's Skulte port grows 19.1% in January

13.02.2018

The Skulte port in north-eastern Latvia reloaded 66,600 tons of cargo in January 2018, which is a rise by 19.1% from a year ago, writes LETA, according to the information provided by the port.


13.02.2018

EU transport commissioner urges agreement on Rail Baltica

- EU Transport Commissioner Violeta Bulc has warned that the Baltic countries must seek agreement on the European standard-gauge railway project Rail Baltica, or they risk having financing problems, informs LETA/BNS.

13.02.2018

Sauka: there is no real unemployment in Latvia

Even though the statistical data suggest that the average registered unemployment level in Latvia is about 8 percent, there is no real employment in the country, said Arnis Sauka, Associate Professor at the Stockholm School of Economics in Riga, in an interview with the Latvian public radio today, cites LETA.

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