International Internet Magazine. Baltic States news & analytics
Sunday, 26.03.2017, 19:50
Following revelations in the media of alleged money laundering committed using Estonian banks, making U.S. dollar payments in Estonia and Latvia may become extremely difficult if Deutsche Bank should stop handling dollar settlements here, Aivar Paul, head of prevention of money laundering at LHV Pank, said LETA/BNS.
Keyword tags: Baltic States – CIS, Banks, Estonia, EU – Baltic States, Exchange, Financial Services, Latvia, Legislation
Lithuanian consultant Giedrius Steponkus aims to improve the reputation of Moldovan bank Moldindconbank, which was used for laundering part of 20 bln US dollars from Russia, 15min.lt news portal reported as part of the international research Laundromat conducted in cooperation with the research journalism center Organized Crime and Corruption Reporting Project (OCCRP), independent Russian publication Novaya Gazeta and another 31 journalists working in the country, writes LETA.
Latvian customs officers prevented 1.135 mln cigarettes from being smuggled from Belarus into Latvia last week, LETA was told at the State Revenue Service.
Lithuania intends to continue the practice started after the annexation of Crimea to send lower-level officials to the Moscow International Security Conference, writes LETA/BNS.
The listed Estonian furniture and fiberboard maker Skano Group announced on Friday that it has finalized the sale of its Ukrainian retail subsidiary TOV Skano Ukraina to a company with Estonian capital operating in Ukraine, writes LETA/BNS.
he wedge made by monopoly Latvijas Gaze (Latvian Gas) between the liberalized gas markets between Lithuania and Estonia will soon be removed – Latvia is the last of the three Baltic states to liberalize its gas market in a move that is expected to facilitate the trade among the countries, and Lietuvos Energija (Lithuanian Energy) holding hopes to offer gas at a better price than Latvijas Gaze, writes LETA/BNS.
By exaggerating criticism of state institutions, we are playing into the hands of Russian propaganda activities in Latvia, Security Police Chief Normunds Mezviets told Latvian Television this morning writes LETA.
Lithuania's KG Group, which is controlled by Tautvydas Barstys, is set to invest 10 million euros in its two companies in Belarus after securing a working capital loan from the European Bank for Reconstruction and Development (EBRD), reports LETA/BNS.
The chairman of the Estonian parliament's Economic Affairs Committee, Aivar Kokk, says it is not possible to bring about a fast rise in the logistics and transit sector but small steps could lead to bigger success in the future, reports LETA/BNS.
In order to better combat the crossing of illegal immigrants into the country and other offenders, a fence stretching several dozen kilometers will be erected on the Latvia-Belarus border, State Border Guard chief Normunds Garbars told LETA.
Criminal groups made up of persons with Chechen ethnicity have taken the leading role in establishing illegal people smuggling networks on the Latvia-Russia border, the State Border Guard said in a report submitted to the Saeima's Defense, Interior Affairs and Corruption Prevention Committee citing LETA.
The budget of Latvia’s participation in Astana Expo 2017, an international trade fair to be held in the Kazakh capital this year, is around EUR 800,000, Janis Endzins, board chairman of the Latvian Chamber of Commerce and Industry (LCCI), told LETA.
Nokia and VimpelCom sign major five-year managed services contract for management of fixed and mobile and transport networks
Nokia and the Russian communications and technology company "VimpelCom" (brand "Beeline") have signed a five-year agreement under which Nokia will become the major supplier of managed services for VimpelCom's fixed, mobile and transport network operations.
LDz Cargo, a freight-shipping subsidiary of the Latvian state-owned railway company Latvijas Dzelzcels (Latvian Railway), carried 9.264 mln tons of freight in the first two months of 2017, up 5.9% from the same period in 2015, according to information released by the company.
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.