Legislation

International Internet Magazine. Baltic States news & analytics Saturday, 20.09.2014, 10:54

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EBRD supports decision to sell Citadele Bank shares to Ripplewood Holdings

EBRD supports decision to sell Citadele Bank shares to Ripplewood Holdings

19.09.2014

The European Bank for Reconstruction and Development (EBRD) welcomes the decision by the government of Latvia to sell its stake in Citadele to a group of international investors led by the U.S. investment fund Ripplewood Holdings and Tim Collins, the founder and CEO of the fund, informs LETA.

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



NATO headquarters to be established in Lithuania in 2014

NATO headquarters to be established in Lithuania in 2014

19.09.2014

Major General Jonas Zukas, Lithuania's chief of defence, is convinced that headquarters responsible for the coordination of arrival of NATO rapid response forces will be established in Lithuania already in 2014, informs LETA/ELTA.

Latvian farmers to receive several support advance payments

Latvian farmers to receive several support advance payments

19.09.2014

Taking into account the current financial difficulties that a number of Latvian farmers are suffering due to Russia's food embargo, the Agriculture Ministry is planning to allot several support funds to farmers until the end of 2014, writes LETA.


Ripplewood: local market and quotation of Citadele shares in stock market is priority

Ripplewood: local market and quotation of Citadele shares in stock market is priority

19.09.2014

The Latvian government has recognized the U.S. investors chosen as the most suitable buyers for Citadele Bank, as they are ready to pay an "honest price" at the same time offering a sound vision regarding the bank's development, one of the investors of the U.S. fund Ripplewood Holdings, Tim Collins, told LETA.

Estonian government approves of Russian-language TV channel plan

Estonian government approves of Russian-language TV channel plan

19.09.2014

The Estonian government has decided to go forward with the plan to create a Russian-language TV channel by the Estonian Public Broadcasting, LETA/Public Broadcasting reports.

19.09.2014

Latvian Government Treasury long term debt securities to be sold at auction

Latvian Government Treasury long term debt securities in the amount of EUR 20 million, will be sold in an auction next week, September 24, according to information provided by "NASDAQ OMX Riga", cites LETA.

19.09.2014

Large transactions will have to be registered with a notary public in Lithuania

On Thursday, the Seimas adopted amendments which bind over to go to a notary public if one wants to borrow more than LTL 10,000 (EUR 2,898). President Dalia Grybauskaite, who worked out these amendments, is convinced that residents deserve such suspicions of corruption, therefore, they should have even heavier bureaucratic burden, informed LETA/ELTA, referring to Vakaro zinios.

19.09.2014

MFA: Lithuania is ready to contribute in achieving OECD goals

Minister of Foreign Affairs of Lithuania Linas Linkevicius met with William Danvers, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), who is visiting Vilnius on 18 September. Linkevicius thanked the OECD Secretariat for its professional assistance and consultations during this period of intense cooperation and stressed that Lithuania is ready to effectively contribute in achieving the OECD goals, informed BC the MFA.

19.09.2014

EP supports EU sanctions against Russia

The European Parliament (EP) welcomes the ratification of the Association Agreement with Ukraine and steps being taken to restore peace in Ukraine, at the same time condemning the Russian Federation for waging an undeclared "hybrid war" against Ukraine, urging the European Union member states to cancel planned agreements with Russia in the energy sector and to support farmers affected by Russia's food embargo, as Marta Ribele, acting head of the EP Information Office in Latvia, informed LETA.

19.09.2014

African swine fever buffer zone to be expanded in Lithuania

Director of the State Food and Veterinary Service (VMVT) in Lithuania has ordered to expand the buffer zone against the African swine fever (ASF). Farmers keeping fewer than 100 pigs in the newly established buffer zone will have to slaughter them by 1 November in slaughter houses named by the VMVT, reports LETA/ELTA.

19.09.2014

Grybauskaite: riflemen's union is example of civic responsibility

President of Lithuania Dalia Grybauskaite met with the leadership of Lithuanian Riflemen's Union to discuss the importance of the organisation in the light of escalating geopolitical situation and its readiness to defend the country, reports LETA/ELTA.

19.09.2014

Ciolos: Latvian farmers will receive compensation payments by end-year

Compensation payments to farmers for the losses caused by Russia's embargo will become available by the end of the year 2015, however, their amount is currently unknown and will depend on the Agriculture Ministry's estimates, the European Commissioner for Agriculture Dacian Ciolos told the press representatives in Riga yesterday, cites LETA.

18.09.2014

Ir: Liepajas metalurgs investors haunted by scandals and lawsuits

Liepajas metalurgs investors are haunted by scandals and lawsuits, the Latvian magazine "Ir" reports, cites LETA/Nozare.lv.

18.09.2014

Two candidates offer to sell Latvia stationary speed cameras

Two candidates have responded to the Road Traffic Safety Directorate's open tender for the procurement of 20 stationary speed cameras in Latvia, the directorate informed LETA.

18.09.2014

Lithuanian Seimas approves of Grybauskaite's veto on amendments to Law on Competition

The Competition Council in Lithuania has been authorised to continue applying fines equal to 10% of a company's gross annual income, reports LETA/ELTA.

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