International Internet Magazine. Baltic States news & analytics
Friday, 17.08.2018, 11:52
Lithuanian competition watchdog drops Orlen Lietuva domination probe
16.08.2018Lithuania's Competition Council has dropped an investigation into alleged abuse by Orlen Lietuva, the only oil processing company, of its dominant position in the market or dyed diesel, informed LETA/BNS.
Keyword tags: Energy, EU – Baltic States, Legislation, Lithuania
Poland's PSI fails to block Amber Grid's EUR 750,000 tender
16.08.2018Poland's PSI Polska, providing IT solutions for the energy sector, has failed in its bid to block Lithuanian gas transmission company Amber Grid's tender, worth 750,000 euros, for an IT system of distant data collection, informed LETA/BNS.
Ukraine court arrests Latvian millionaire Melniks' assets
15.08.2018A court in the Ukrainian capital Kyiv has granted the prosecutor general’s request to freeze Latvian millionaire Vasilijs Melniks’ assets, according to Ukrainian media reports.
Bank of Lithuania to look into additional info on VIA SMS Group
14.08.2018The Bank of Lithuania will analyze additional information on VIA SMS Group after Arvydas Anusauskas, a member of the Lithuanian parliamentary Committee on National Security and Defense, representing the opposition conservative Homeland Union – Lithuanian Christian Democrats, said earlier the Latvian-capital business group VIA SMS Group in Lithuania includes people who have direct ties with the owners of the collapsed Parex bank, informs LETA/BNS.
Estonia faced with EU fine for non-compliance with wastewater treatment rules
13.08.2018The European Commission is not satisfied with the performance of Estonia in establishing wastewater treatment systems complying with European Union requirements and the country may be faced with a fine if appropriate action is not taken, informs LETA/BNS/Eesti Paevaleht.
Court declares Tosmares Kugubuvetava shipyard insolvent
Kurzeme district court on Thursday declared Tosmares Kugubuvetava shipyard insolvent, LETA learned from the court.
Bank of Latvia to sell Rimsevics’ limousine for almost EUR 80,000
The Bank of Latvia has decided to sell Audi A8L limousine that has been used by the bank’s governor Ilmars Rimsevics who is now facing graft charges, according to the Latvijas Avize daily information writes LETA.
Kolegova charged with failure to declare deals worth more than EUR 300,000
The State Environmental Service’s head Inga Kolegova has failed to include in her public official asset declaration deals worth more than EUR 300,000, according to the charges laid against her by the prosecutor’s office, reported LETA/BNS.
PM Kucinskis to ask prosecutor's office to look into unlawful issue of MPC licenses
Prime Minister of Latvia Maris Kucinskis (Greens/Farmers) has asked the prosecutor’s office to probe an allegedly unlawful licensing of ten wind farms for government support under the mandatory purchase component (MPC) system, informs LETA referring to the prime minister’s spokesman Andrejs Vaivars.
Novalpina files application for squeeze-out of shareholders in course of merger
After a court had barred the listed casino group Olympic Entertainment Group (OEG) from increasing its share capital in the interest of Novalpina Capital, which has bid for all shares in OEG, Novalpina filed an application for merging Olympic with their subsidiary, which would mean a buyout of minority holdings by means of a squeeze-out procedure, report LETA/BNS.
Increase in number of local government employees accused of corrupt activities in Latvia since 2015
Since 2015, there has been an increase in the number of local government employees and officials charged with corrupt activities by the Corruption Prevention Bureau (KNAB), according to a report on internal corruption submitted to the State Chancellery by the KNAB, citing LETA.
Lithuania's energy watchdog: Vilniaus Energija's consumers overpaid another EUR 7.5 mln
Due to the price difference in 2011-2017, consumers overpaid another 7.54 mln euros to Vilniaus Energija (Vilnius Energy), the former heating company in the Lithuanian capitals, bringing the total overpaid amount to almost 26 mln euros, informs LETA/BNS.
Lithuanian court upholds Kaunas' decision to name Turkish firm as stadium contract winner
A court has upheld Kaunas' decision to name Turkey's Kayi Insaat Sanayi ve Ticaret as the winning bidder for a contract to reconstruct the Darius and Girenas Stadium in Lithuania's second-biggest city, reported LETA/BNS.
Modern solutions to the Baltics’ banking sector
