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Ceturtdiena 26.04.2018 | Name days: Rūsiņš, Sandris, Alīna

Danske Bank may announce its exit from Baltic States

Danske Bank Group’s office in Lithuania may announce on Thursday, 27 April, its plans to leave Lithuania and, possibly, the Baltic States, as BNS news agency’s Lithuanian branch was told by two sources.

Latvia prepared to pay 4.8 million euros for participation in Expo 2020 in Dubai

Latvian government is prepared for participation in the international Expo 2020 in Dubai. Prime Minister Māris Kučinskis said after a meeting of the Cabinet of Ministers this Tuesday that it is planned to allocate EUR 4.8 million for this venture.

Most businesses in Latvia still not ready for data protection regulation

The majority of businesses in Latvia are still not ready for EU General Data Protection Regulation, which is due to come to force on 25 May, says KPMG lawyer and certified data protection specialist Sanita Pētersone.

Reduction of employees in state administration went the smoothest in finance sector

Measures to reduce the number of employees in state administration last year went the smoothest for the State Revenue Service and the entire finance sector, said Latvia’s State Chancellery’s Director Jānis Citskovskis.

Municipality: after meeting in summer, British Steel refused to buy KVV Liepājas metalurgs

After the meeting that took place at the end of August 2017, British Steel, which had previously voiced an interest in KVV Liepājas metalurgs, refused to purchase the bankrupt company, says Liepaja City Council chairman’s advisor for public relations matters Andrejs Rjabcevs.

Total tax debts in Latvia – EUR 1.255 billion

At the beginning of April total tax debts in Latvia, including outstanding, halted and payment extensions, was EUR 1.255 billion, which is 3.2% lower than the previous month.

Unity may become New Unity; Kariņš may become prime minister candidate

Unity may start in upcoming Saeima elections with a new name – New Unity. The party may pick MEP Krišjānis Kariņš as its prime minister candidate, as reported by Panorāma programme of LTV.

Authorities to check Riga City Council member Frolovs’ possibly fictive employment in Getliņi Eko

Corruption Prevention and Combating Bureau has commenced an inspection following Riga City Council deputy Juta Strīķe. In it, she detailed concerns about the possible fictive employment of city council deputy Vladimirs Frolovs in Getliņi Eko.

Latvijas Krājbanka’s administrator recovered EUR 114,800 in March

The administrator of the liquidated Latvijas Krājbanka EUR 114,823 in March, which is 16.9% less than a month ago, according to the report published in Latvian Herald.

ABLV Bank urges FinCEN to withdraw «exaggerated accusations»

Lawyers of ABLV Bank, which is currently in the process of self-liquidating, urge US Department of Treasury’s Financial Crimes Enforcement Network to withdraw its published proposal, which details how ABLV Bank’s management had allegedly used bribes to influence Latvian officials and breach sanctions against North Korea.

Lithuania asks Russia to explain patrol ship’s breach of country’s border

Lithuania has submitted a note to Russia, requesting explanations regarding a border breach incident on Monday, 16 March, when a Russian patrol ship crossed the two country’s border and spent at least two minutes in Lithuania’s territorial waters.

Latvia experienced more rapid growth in car registration numbers that EU in Q1

In the first three months of 2018 Latvia experienced a more rapid increase of the number of car registrations than the average in the European Union, according to the latest data from European Automobile Manufacturers Association.

Latvian Prime Minister offers no solution for finding additional money for teachers’ wages

Latvia’s Prime Minister Māris Kučinskis is not yet ready to provide any proposals to help resolve the matter regarding the deficit of finances for the planned increase of teachers’ wages in the country. He says there aren’t enough numbers and analysis results to formulate an opinion.

ABLV Bank responds to US FinCEN’s report on planned sanctions against it

ABLV Bank has submitted to US Department of Treasury’s Financial Crimes Enforcement Network answers to its February’s report on planned sanctions against the bank, as confirmed by representatives of the credit institution.