International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 07:32
State to allocate LVL 348 mln to maintain highways until 2020
21.05.2013The government decided today that LVL 348.7 million will be allocated to maintain the country's main highways from 2014 to 2020, while financing to maintain regional roads during this period will be LVL 535.8 million, reports LETA/Nozare.lv.
Keyword tags: Construction, Financial Services, Latvia, Legislation, Transport
Liepajas metalurgs shareholders must sell shares or invest money in company by May 31
21.05.2013The shareholders at the joint-stock metallurgical company Liepajas metalurgs must either sell their shares or invest large amounts of money into the company by May 31.
Vilnius court announces decision on Klaipedos Nafta and Naftos Grupe case
21.05.2013On May 20, 2013, Vilnius Regional Court adopted a decision in the case according to claim of claimant Naftos Grupe to Klaipedos Nafta for the compensation of allegedly incurred losses of 17 million litas, for reimbursement of surplus of oil products to claimant allegedly belonging to Naftos Grupe, and held by the company and for recognition the cancellation of the service contract No. 12-12-2005, dated December 22, 2004 due to the company's supposed fault, reported BC Klaipedos Nafta’s press service.
Corruption Prevention Bureau: Latvian businessmen are tolerant of corruption
21.05.2013The Corruption Prevention Bureau informs that the risk of corruption in public procurement tenders is high, and the bureau has investigated, or continues investigating, at least 21 criminal cases that deal with public procurement tenders., informs LETA.
Lithuania's MFA presents presidency of EU in Israel
21.05.2013On 20 May, the Lithuanian Minister of Foreign Affairs Linas Linkevicius, who is visiting Israel, delivered a lecture Lithuania's Incoming Presidency: for creating a credible, growing and open Europe at the Interdisciplinary Center (IDC) Herzliya, reported BC the Ministry of Foreign Affairs.
Reorganization terms of SEB Bankas and Lizingas approved in Lithuania
On May 20, 2013, the Management Board of the Lithuania-based bank SEB Bankas and the Management Board of SEB Lizingas approved the Reorganization Terms of SEB Bankas and SEB Lizingas, the company said in a statement, informs LETA.
Lithuania's PM: wages for cultural personnel will be increased in 2014
On Tuesday Lithuania’s Prime Minister Algirdas Butkevicius confirmed that as of 2014 wages for cultural personnel and some law enforcement officials will be increased., reports LETA/ELTA.
Usakovs calls CPB interest in Riga's Transportation Department political retaliation by Unity
Riga Mayor Nils Usakovs (Harmony Center) believes that the Corruption Prevention Bureau's (CPB) recent activities at the Riga City Council's Transport Department is political retaliation by Unity, informs LETA.
Estonian milk production posted a new record in March
Estonia fulfilled 95.96% of the milk production quota that was allocated it in the quota year that ended with March as the dairy herds of 901 quota holders produced nearly 658,400 tonnes of milk, LETA/Public Broadcasting reports.
Cheap shale gas in Lithuania from the US – a dream or reality?
In the future Lithuania's apartments may be heated using shale gas imported from the US. Even President Dalia Grybauskaite thinks so, informs LETA/ELTA, referring to Lietuvos rytas.
Snoras bankruptcy administrator is not rushing the process of bank’s assets
The most valuable parts of the collapsed Lithuanian bank Snoras are finding new owners in Lithuania and abroad but the bankruptcy administrator is not rushing this process, since his and consultants' astonishing salaries depend on the time, informs LETA/ELTA, referring to RESPUBLIKA.
Eurozone will not collapse and Latvia must join it
"The eurozone will not collapse and Latvia must join it, if the country wants to cope with the global changes and challenges affecting all European countries," University of Oxford Professor and Oxford Martin School Director Ian Goldin says in an interview with Nozare.lv, cites LETA.
Zaharjins: Lipmans is lying to benefit himself from Liepajas metalurgs
"Liepajas metalurgs minority shareholder Kirovs Lipmans, is lying to benefit himself," the company's major shareholder Sergejs Zaharjins points out in an interview for the newspaper Diena, cites LETA.
Estonian Supreme Court confirms bourse manipulation conviction of prominent businessman
The Estonian Supreme Court Criminal College decided not to change the conviction of prominent Estonian businessman Toomas Tool and former SEB Pank broker Karoly Kirber for bourse manipulation, LETA/Public Broadcasting reported on Monday.
Importance of expanding UK-Latvian economic ties accented at talks
Talks were held yesterday in Riga between the Latvian Minister of Foreign Affairs Edgars Rinkevics and the designated (agréé) British Ambassador Sarah Cowley, with focus on the desired expansion of economic ties, informs LETA.
EU’s assessment of Latvian economic activity 
