Russia has granted asylum to Lithuania’s banker and billionaire Vladimir Romanov, wanted internationally for embezzlement of the funds of Ukio Bankas.
Romanov the largest shareholder in Ukio Bankas, which Lithuanian authorities placed under administration in 2013 after it ran into financial trouble.
The Lithuanian government had to allocate 230 million euros to pay depositors at Ukio Bankas. Lithuanian prosecutors issued an international search warrant for Romanov in August 2013.
Romanov is wanted on charges of embezzling 25 million euros from the bank, Reuters reports.
A representative of Lithuania’s Prosecutor General’s office unveiled Moscow had informed Vilnius of its decision to grant Romanov asylum and not to extradite him, without giving any reason for the decision.
Ukio bank, as well as Romanov’s key enterprise, a Lithuanian company named Ukio Banko Investiciju Grupe (UBIG), are both now in bankruptcy proceedings.
Dozens of holders of Hungarian state orders of merit have pledged on August 22 to return their awards after a «racist» journalist linked to Prime Minister Viktor Orbán has received a state order of merit.
USA is dedicated to fulfilling NATO’s 5th Article, which is a sacred duty, said US Vice President Joe Biden after his meeting with the three Baltic presidents on Tuesday, 23 August.
Ukrainian KVV Group is preparing to submit a complaint to the European Commission’s Anti-Monopoly and Corruption Prevention Committee against Latvia. This could result in Latvia having to face a fine of EUR 150 to EUR 300 million, as reported by KVV Group’s press secretary Natalia Napadovskaya.
The Estonian Police and Border Guard Board has in the first quarter of 2016 annulled a total of 52 residence permits and visas issued to people, who were actually not planning to study or did not meet university enrolment requirements.
«In the mass media we read that ministers of the Union of Greens and Farmers have had a secret meeting with a high-rank Russian official. The meeting was set up allegedly about the opening of the sprats market, allegedly about the increase of transit cargoes from Russia, allegedly about gas and whatever else. Ministers allegedly thinking about Latvia’s railway and fish processing industry workers,» – Agris Liepins wrote in Latvijas Avīzē.
Mortgage loan services develop rapidly in Latvia. In the first half of 2016, Latvian banks provided households new mortgage loans worth a total of EUR 217.1 million, which is 71% more in comparison with the same period of 2015, according to information from Latvian Commercial Banks Association.
On Tuesday, 23 August, US Vice President Joe Biden arrived in Latvia to meet with presidents of the three Baltic States. As part of his visit to Latvia, Biden has meetings planned with President Raimonds Vejonis and Prime Minister Maris Kucinskis.
The current Chief of Corruption Prevention and Combating Bureau Yaroslav Strelchenok, whose term ends in November, promises to take part in the personnel selection process for this post. He says it is his own decision – no party or politicians have encouraged him to become a candidate.
On Monday, 29 August, parties forming the ruling coalition in Latvia will make a decision on the matter regarding the salary of the head of the State Revenue Service, as Prime Minister Maris Kucinskis promised journalists after a coalition meeting.
The federal government of Germany is to review a plan to advise population to stockpile food and water for the possibility of national emergency.
Three Latvian Olympic athletes, their coaches and assistants are eligible for a EUR 120,000 prize from the state budget for their accomplishments in Olympic Games in Rio de Janeiro.
During the visit of US Vice President Joe Biden to Riga, road traffic will be closed down in many places in the Latvian capital.
By the middle of August 87 people in Latvia were infected with tick encephalitis in Latvia. This is 30 cases more in comparison with the same period of 2015, as reported by Centre for Disease Prevention and Control.
Paying big social insurance fees opens the way for a big pension in the future, so there is no reason to be ashamed of receiving a big pension, said criminally accused Aivars Lembergs, commenting on the news that he has become one of the wealthiest pensioners in Latvia.
Gas tariffs in Latvia will unavoidably increase after the division of Latvijas Gāze into two separate companies, believes LG deputy chairman and holder of 16% of shares in Itera Latvija Juris Savickis.
The 31st summer Olympic Games in Rio de Janeiro concluded on Sunday, 21 August, with the festive passing of the torch to Tokyo as the next host for Olympic Games.
It is possible that Latvia’s representatives at the informal lunch with Russian Vice-Prime Minister Arkady Dvorkovich looked rather naïve, as concluded by De Facto programme of LTV. They asked Dovrkovich – do decisions made by Russia’s railway and gas industry have a political or business context?
Oleg Gazmanov, a top-tier Russian pop singer known for his glorification of the Kremlin and the Soviet Union in his songs, was denied entry to Lithuania on Wednesday, August 17. Gazmanov is on the Lithuanian intelligence‘s blacklist of people barred from entering the country.
The main events of this week can be described as ‘the double standards system in action’. First of all, it turned out that Latvia’s minimum wage rate is not equal to all. Secondly, it became known this week that Latvia’s government supports maintaining sanctions against Russia with one hand and put efforts to improve economic cooperation with the same Russia with the other hand.
Turnover-wise, the three largest companies in Baltic States are all Lithuanian, according to the Top 50 rating of Baltic companies compiled by Coface credit risk company.
On Wednesday, 17 August, one of Latvia’s best athletes – javelin thrower Zigismunds Sirmais – failed to pass the finals qualification barrier to progress further in Olympic Games in Rio de Janeiro. Latvia’s other javelin thrower – Rolands Štrobinders – also dropped out of the competition.
On 7 November, Riga Regional Court will view the so-called Imata paedophile criminal case behind closed doors, as confirmed by Raimonds Locmelis.
Compared to June, the level of producer prices in Latvian industry decreased by 0.1 % in July 2016. The level of prices of products sold on the domestic market remained unchanged, whereas the prices of exported products fell by 0.3 %.
- Calendar of cultural events in Lithuania. Baltic culture festival «Blackhorned Moon»
- Week in Lithuania. Russian pop star Gazmanov denied entry to Lithuania
- Lithuanian minister: Russia may be trying to fracture NATO
- Family enhancement bill stirs debates in Lithuania
- Calendar of cultural events in Lithuania. Days of Ancient Crafts in Trakai
- Week in Lithuania. Lithuania celebrates first medals in Rio
- Self-service parcel terminals increasingly used in Lithuania
- Major upsets in Rio swimming pool and tennis court sour Lithuania’s Olympic mood
- Calendar of cultural events in Lithuania. Cabbage Fair in Trakai
- Week in Lithuania. Syrian refugees arrive, Iraqis leave for Sweden
Top 5 Business news
- People in Latvia choose jobs that allow them to combine work with private life
- LDz Cargo Loģistika worked with turnover of EUR 5.6 million this year
- Businessmen: rapid increase of minimum wages would increase unemployment
- Number of small-wage recipients continues to decline in Latvia
- VNT: there are no equal business development opportunities in Ventspils
Top 5 Social news
- Four Syrian families arrive in Latvia
- Criminal process launched after Jurass’ interview about a bribe offer
- Following gas market’s liberalization, 7,000 clients will be forced to choose gas traders
- Court refuses to give Lembergs three months to go through new charges
- Latvia still has the highest unemployment level among Baltic States
Top 5 World news
Top 5 Video
Walter Burke @ 2016-08-24 02:21:59
Pharmk209 @ 2016-08-23 15:53:40
MaPe @ 2016-08-22 23:20:39
Pharme364 @ 2016-08-22 09:58:21
Pharmk541 @ 2016-08-21 03:26:19