Date: 21.02.2019.

International Internet Magazine. Baltic States news & analytics Tuesday, 20.08.2019, 19:50

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Latvia arrests EUR 1 million in connection with money laundering through Trasta Komercbanka

Latvia arrests EUR 1 million in connection with money laundering through Trasta Komercbanka

21.02.2019

In connection with the so-called ''Russian laundromat'' case in Germany, where over EUR 40 mln has been determined ''dirty money'', EUR 1 million has also been arrested from Latvia's Trasta Komercbanka, which is in the liquidation process at the moment, State Police spokeswoman Sigita Pildava told LETA.

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



Rietumu Asset Management reorganizes its investment funds

Rietumu Asset Management reorganizes its investment funds

21.02.2019

The bank’s subsidiary Rietumu Asset Management (RAM), according to its strategical development goals, has decided to reorganize its investment funds.

Searches carried out at homes of Lithuania's Druskininkai mayor

Searches carried out at homes of Lithuania's Druskininkai mayor

21.02.2019

Searches have been carried out at the homes of Ricardas Malinauskas, mayor of Lithuania's southern resort town of Druskininkai, and also his adviser as part of a large-scale corruption investigation, the politician said LETA/BNS.


Freight volume of Estonian Railways down 6.7% on year in January

Freight volume of Estonian Railways down 6.7% on year in January

21.02.2019

Cargoes transported on the infrastructure of the state-owned Estonian railway infrastructure company Estonian Railways in January totaled 1.3 mln tons, which is 6.7% more than in the same month the year before, reported LETA/BNS.

HansaMatrix profit amounts to EUR 872,100 in 2018

HansaMatrix profit amounts to EUR 872,100 in 2018

21.02.2019

Electronic system product developer and manufacturer HansaMatrix posted EUR 21.151 mln in turnover last year, an increase of 7.6% on 2017, while the company's profit fell 48.1% to EUR 872,102, according to the company's financial report submitted to Nasdaq Riga stock exchange.


21.02.2019

Latvian minister: Implementation of Rail Baltic project to take at least 2 yrs longer

Implementation of the Rail Baltic railroad project will take at least two years longer than currently planned, Latvian Transport Minister Talis Linkaits said in an interview with Latvian Radio on Thursday, referred LETA.

21.02.2019

Swedbank's money laundering allegations will hit whole Baltic banking system

The recently emerged allegations that Sweden's Swedbank was involved in the Danske Bank money laundering scheme in Estonia will have negative impact on the whole Baltic banking market which is viewed by many foreign financial institutions as a single region, experts have told LETA/BNS.

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