International Internet Magazine. Baltic States news & analytics
Friday, 19.09.2014, 12:46
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.
Keyword tags: Banks, Financial Services, Funds, Investments, Latvia, Legislation, USA
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.
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.
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.
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.
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.
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.
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.
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.
Liepajas metalurgs investors are haunted by scandals and lawsuits, the Latvian magazine "Ir" reports, cites LETA/Nozare.lv.
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.
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.
Ukrainian President Petro Poroshenko has revealed that during one of his recent conversations with Russian President Vladimir Putin, the Russian leader had threatened to him that ''I could capture Riga, Vilnius, Tallinn, Warsaw and Bucharest within two days if I wanted to'', informs LETA/UNIAN.
Lithuanian parliament, with 61 members voting in favour, 5 against with 2 abstentions, has adopted the Law on the Bank of Lithuania, which had been returned by President Dalia Grybauskaite for improvement, along with all amendments proposed by the president, informs LETA/ELTA.
According to the Estonian Ministry of Justice Internal Audit Department analysis, the state won in 2013 over 2.5 million euros in court proceedings and lost a little over 136,000 euro, LETA/Public Broadcasting reports.