bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 28.07.2017 | Name days: Cecīlija, Cilda
LithuaniaLithuania

Week in Lithuania. Unexpected decision: Lithuania’s Bank Snoras property put on sale on eBay

FaceBook
Twitter
Draugiem
print
(+1 rating, 1 votes)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Bankruptcy administrator of bank Snoras has decided, unexpectedly to many, to start selling movable property of the bankrupt bank on eBay. Selling the property as effectively as possible is administrator’s striving, it says.

Used electronic devices and computer equipment will be sold on the globally popular website. Already on the first day, banknote counter Glory GFB-800 was sold for nearly 350 euro.

Lithuanian President: UK’s proposal is discriminatory

This week, Lithuanian President Dalia Grybauskaitė has met with British Prime Minister David Cameron ahead of the European Council in Brussels. According to the president, Lithuania is ready to seek solutions in order to strengthen the European Union (EU). «We support Britain’s proposals to enhance the competitiveness of the entire Union and reduce regulatory burdens on business,» the president said. «However, the free movement of people and non-discrimination against EU citizens – the founding principles of the EU – cannot be questioned».

Lithuania will accept additional refugee quotas

Attending the European Council on Thursday, December 17, Lithuanian President Dalia Grybauskaitė said that Lithuania would not participate in the newly suggested refugee resettlement from Turkey scheme until the earlier quota of 1,105 asylum seekers for Lithuania is completed. According to the president, the 1,105 refugee quota also includes 70 people from third countries, including Turkey. The European Commission presented a recommendation to resettle refugees from Turkey directly on December 15.

President: Nord Stream 2 should not go ahead

The planned Nord Stream 2 pipeline between Russia and Germany under the Baltic Sea should not be built, Lithuanian President Dalia Grybauskaitė says. «Lithuania and six other countries addressed the European Commission, asking to look into whether this pipeline does not contradict the Energy Union … and the EU’s interests in areas of transparency and solidarity, whether it meets the Third Energy Package requirements. So I believe there are many questions to ask and before they are answered, this project should not move forward,» Grybauskaitė told.

Financial investigators raid Lithuanian Football Federation offices

Lithuania’s Financial Crime Investigation Service (FCIS) carried out searches of the headquarters of the Lithuanian Football Federation (LFF) and of the home of the LFF’s president, Julius Kvedaras, on Thursday, December 17. The FCIS indicated that searches were also carried out at related private companies, but did not reveal what companies were being investigated. FCIS director Kęstutis Jucevičius told that the pre-trial investigation for embezzlement at the Lithuanian Football Federation had been going on for a month and that the case supposedly involved millions of euros. No one has been charged in the investigation yet. Kvedaras denies any wrongful activities.

Parliament nods to military conscription extension

Lithuanian parliament has endorsed a proposal on reinstating military conscription beyond 2020, although prime minister and defence minister remain unsure about the necessity. One bill, put forward by the Labour Party’s Artūras Paulauskas, called for military draft in 2020-2021 and was supported by 74 MPs, while three voted against and 15 abstained. National Defence Minister Juozas Olekas was among the three detractors. A second bill on drafting men between 19-26 in 2021 was endorsed by 62 MPs, with one vote against and 30 abstentions, including by the defence minister.

A discussion behind closed doors

In a closed sitting with Lithuanian Foreign Minister Linas Linkevičius, members of the Seimas Committee on Foreign Affairs discussed the current situation and outlook in the European Union’s relations with Russia and Lithuania’s stance on those relations. It was agreed that Lithuania’s position would remain clear and consistent: any positive changes in EU-Russian relations will have to start with Russian domestic and foreign policy changes, the country’s efforts to strengthen democracy and respect for fundamental human rights and freedoms, and support for the principles of international law both in Russia and in its relationships with other countries.

Vilnius wants to be data storage leader

As Lithuania attracts more and more international service centres, its capital city, Vilnius, may also take a regional leadership role in the storage of European companies’ data.

According to Slušnys,the CEO of Rackray UAB, what makes Vilnius unique is its combination of a favourable geographical location, excellent communication networks and highly qualified specialists.

The quantity of digital information in the world is forecast to grow to 44 trillion gigabytes by 2020, from 4.4 trillion in 2013. Experts say the market for data centres in Central and Eastern Europe will grow by about 70 percent in coming years.

Five Lithuanian ballers win dubious acclamation

A Russian sports website has given five Lithuanian basketball players the questionable honor of playing on that website’s modern-day USSR fantasy dream team. The imaginary modern USSR national team would have featured Jonas Mačiulis, Jonas Valančiūnas, Mantas Kalnietis, Donatas Motiejūnas and Mindaugas Kuzminskas.

PM given more power to amend SD electoral list

The Council of the Social Democratic Party of Lithuania has granted party leader Algirdas Butkevičius more powers in compiling the party list for the 2016 general elections. Butkevičius, who is the prime minister of Lithuania, will have the possibility to modify the candidates’ ranking in the electoral list or include up to 10 new candidates. Butkevičius will be able to modify the ranking within «100 ranking spots», which means that he can either move 100 candidates up or down one spot each or, for example, move five candidates up or down 20 spots.

Prices are falling in December

Lithuania’s average monthly inflation, calculated based on the harmonised index of consumer prices (HICP), is projected to be negative and stand at minus 0.2%, compared with prices recorded in November. According to Statistics Lithuania, annual inflation is also expected to be negative in December and stand at minus 0.1%. The average annual inflation will be minus 0.7% in December.

Lithuania’s improved economic growth outlook

Lithuania’s economy should grow 2.9% next year, almost double this year’s rate of 1.7%, according to the director of Economics and Financial Stability Service of the central Bank of Lithuania. The main engines of growth next year will be expanding domestic consumption and economic recovery of Lithuania’s trading partners. Another factor favourable to Lithuania’s economic growth is the expected recovery in the eurozone, presenting more opportunities for export to Western Europe.

Lithuanian President to sign 2016 budget

Lithuanian President Dalia Grybauskaitė says that she is going to sign the 2016 budget into law, although it has been criticised by the European Commission and the National Audit Office. Although the budgetary plan for 2016 contains risks that Lithuania might fail to live up to its deficit commitments, the president said she would sign the law because it provides for bigger funding for national defence and welfare. Presidential advisor Mindaugas Lingė has said the budget was drafted amateurishly and compared it to a work of over-eager and over-optimistic students.

Ref: 020/111.111.111.3030


Leave a reply

Bookmakers: the new party has good chances of entering the Saeima

The new liberal party «Par!», whose leaders include former Economy Minister Daniels Pavluts and Saeima deputy Ilze Vinkele will likely pass the 5% barrier in the next Saeima elections, according to Betsafe bookmakers.

Latvia’s retail trade turnover increased 3.1% in June

Compared to June 2016, total retail trade turnover rose by 3.1 % in June 2017. Turnover of retail trade for food products increased by 1.0 % and turnover of non-food products grew by 4.7 %.

Association: alcohol market will decline and people will lose jobs in the industry

The planned introduction of increased excise tax rates within the context of Finance Ministry’s tax reform could cause the alcohol market in Latvia to decline by approximately 7% next year, says CEO of Latvian Alcohol Industry Association Davis Vitols.

Survey: Latvian residents prefer to perform home repairs on their own

According to results of a recent survey, 63% of Latvian respondents have spent this year’s summer season performing home repairs. 59% of respondents always pick summer to perform repairs.

Martins Bondars confident he should «step aside»

Martins Bondars has decided to step down as chairman of Latvian Association of Regions. According him, recent decisions made by members of LAR have not been ones he would personally support.

Unity: electing Sudraba to the committee causes trust in politicians to go down more

Inguna Sudraba’s approval for the oligarch talks parliamentary investigative committee’s board would the equivalent of the parliament deciding not to permit searches in Slesers’ home, Unity members say.

Kalnmeiers still has no time; ‘Send a letter to prosecutor general!’ campaign begins

«Progresīvie» political party has launched a special campaign called «Send a letter to prosecutor general!», in which the party asks Latvian prosecutor general Eriks Kalnmeiers to step down.

End of July and beginning of August promise warm but rainy weather

The last days of July will be largely sunny. Some rain will be present here and there, however. Air temperature will remain within a range of +20° C… +25° C, as reported by State Environment, Geology and Meteorology Centre.

Juncker to held stop food discrimination of EU's eastern members

Reacting to criticism from Slovakia, Bulgaria and other European Union member states on differences in food product quality in Eastern Europe, the head of the EU's executive body, Jean-Claude Juncker, has pledged to help end the «totally unacceptable» practice.

Property purchase and rent trends are similar among Baltic States

Currently the proportion of standard apartments in Riga in comparison with new projects is rather significant – while the number of standard apartments in the capital is 3,200, new projects are limited to only 300 buildings, according to information compiled DNB Bank and Ober-Haus on apartment demand in Latvia and Baltics.

Construction costs in Latvia up 0.2%

Compared to May, the level of construction costs in Latvia increased by 0.2 % in June 2017.

Beer brewers: many will lose jobs because of increased excise tax on beer

If the Saeima supports the initiative on increasing excise tax on beer by 50% this Thursday, 27 July, the number of people employed in the beer industry will decrease 30%, which will especially impact residents of Latvia’s regions, according to Latvian Breweries Union.

Helsinki-Riga route to be tested by Tallink

Estonian ferry and cruise company Tallink is testing this week the interest of passengers to take a cruise trip from Helsinki to Riga.

Where is the piece of land Duklavs’ associates wanted 15 million for?

Ir magazine has surveyed several hectares of land on Daugava River’s left bank, specifically within the territory of Riga Freeport, to find the piece of land that was mentioned by Agriculture Minister Janis Duklavs during his conversation with other politicians in Ridzene hotel.

Opinion: candidates of the last presidency have all been intellectually weak

One of this summer’s hottest and most discussed piece of news was the proposal to allow residents to elect the country’s president. Latvian President Raimonds Vejonis’ 22 June speech to the parliament, in which he proposed allowing the people to elect the president in 2019, caused even more discussions.

Flat rental fraud increases in Estonia

Police in Estonia have observed a increase in fraud complaints in the area of rental flats as fraudsters typically ask for prepayments and deposits for listed flats they do not own.

Latvian troops to participate in Northern Strike exercises in USA

Throughout 27 July – 14 August, more than 70 troops of Latvian Armed Forces will be taking part in Northern Strike 2017 joint land and air exercises organized by Michigan National Guard in USA.

Delna: if the prime minister chooses to stifle emotions, the president should step up

On Wednesday, 26 July, Delna received a response letter from Prime Minister Maris Kucinskis to Delna’s previous letter, in which the organization requested the dismissal of Agriculture Minister Janis Duklavs.

Saeima supports tax reform laws in final reading

Saeima’s Budget and Finance Committee has concluded work on tax reform laws, supporting them in the final reading. Part of the proposals on additional benefits and multiple other matters will be put off for a later date.

Latvian Shipping Company sells its office building on Elizabetes Street 1

On Tuesday, 25 July, Latvian Shipping Company signed an agreement on the sale of its current office building. The buyer and the next owner of the house will be the United Arab Emirates, who purchased the six-story building on Elizabetes Street 1 in Riga for the needs of the embassy, as confirmed by the company.

Farmers Saeima: beef industry in Latvia is not sufficiently developed

Farmers Saeima believes Latvia’s beef industry is not sufficiently developed, and existing farms have not sufficiently stabilized – many farms have major debt. Because of that any kind of support for the industry is welcome.

Puce: Latvia should ratify Istanbul Convention without reservations

For Latvia’s Development political party has turned to Welfare Ministry with a request to ratify Istanbul Convention without any corrections as soon as possible, BNN was informed by the party’s representatives.

More than half of Latvian businessmen work on weekend; study shows

Businessmen normally spend eight hours and five minutes on work every day. More than 58% of Latvian businessmen also work on weekends, according to data from the latest Citadele Index study.

Farmers: crop yield this year will be positive thanks to weather

In Zemgale, crop harvest began a week ago. Harvest of winter crops is almost over. Harvests elsewhere in Latvia will commence no sooner than August, farmers say.

Murniece offers UGF to consider replacing Duklavs

«The policy is that, considering Duklavs’ involvement in Ridzene talks, the Union of Greens and Farmers should consider ways of resolving the situation,» says Saeima speaker Inara Murniece.