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.
In Spanish regional and local elections, held on May 24, Prime Minister Mariano Rajoy's Peoples party achieved the worst result in more than 20 years.
Ex-president of Latvia Valdis Zatlers believes the Saeima could elect the next President of Latvia in the first stage of elections next week, as reported by lsm.lv.
An oil company owned by the state of Belarus has decided to buy Woodison terminal situated at Riga Freeport. Minsk has decided that potassium cargoes will be carried through Klaipeda from now on and oil products – through Riga.
After the run-off of the Polish presidential election on May 24, the country's current president Bronisław Komorowski has recognised the victory of his challenger Andrzej Duda as the results of exit polls were released.
The main event of the week was the Eastern Partnership Summit, which took place 21 – 22 May in Riga. No breakthrough decisions like EU expansion or adoption of a visa-free regime were made. But there is some good news for business: multiple financial assistance agreements were signed during this meeting.
Latvian State Revenue Service’s Customs Police managed to catch a group of smugglers in the act, as they were carrying a shipment of illegal cigarettes from Latvia to Norway on 28 April.
«When we met last time during the Eastern Partnership Summit in Vilnius no one could have predicted such dramatic developments. The illegitimate annexation of Crimea has shaken up Europe’s security architecture. The conflict in Ukraine continues influencing our relations with Russia,» – said President of the European Parliament Martin Schultz.
A new suspect has surfaced in the murder case of Russian opposition politician Boris Nemtsov. The suspect is a Chechen resident Ruslan Mukhadinov. Investigators believe he may be the one behind the murder.
As part of Latvia’s presidency over the EU Council, the Eastern Partnership Summit will continue on 22 May. During the summit, traffic organization around Riga International Airport will be changed. Traffic lights will be turned off on K.Ulmana Gatve all the way to the airport (P133) until 17:00. Road traffic will be regulated by Latvian Road Police.
Throughout 19-21 May, Adazi landfill was holding joint combat exercise with U.S. 3rd Infantry Division and Latvian National Armed Forces.
Provisionally speaking, there is no reason to speak of any need to tighten belts in Latvia, because the country’s economy continues developing and budget revenue is expected to grow, said ex-Prime Minister Valdis Dombrovskis in an interview to 900 seconds programme of LNT.
German rail operator Deutsche Bahn has partly agreed to the demands of the company's train driver trade union, thus reaching an end to this week's strike, which has been the ninth in the 11-month-long dispute between Deutsche Bahn and the trade union.
The Riga Summit is not about announcing giant steps forward, said President of EU Council Donald Tusk prior to the meeting with Latvian President Andris Berzins.
More than half of enterprises plan to invest in their business this year, according to results of the latest survey by Swedbank.
It took Russia’s Federal Security Service three weeks to respond to the detention of a Russian intelligence agent in Vilnius and nab a supposed Lithuanian spy in Moscow. Lithuanian security experts do not doubt Russia’s tactics is about tit-for-tat as the two countries’ relations seem to have hit a new low.
During the meeting of state secretaries this Thursday, 21 May, officials announced Healthcare Ministry’s draft regarding tobacco products, herbal smoking products, electronic smoking devices and electronic smoking devices, their realization, advertisement and usage restrictions.
Latvian Defence Minister Raimonds Vejonis has been officially nominated as one of the presidential candidates in Latvia. This makes him the third officially nominated candidate in the country.
The proposed «solidarity approach» and pressuring of all European Union member states on the matter of North African refugees is unfair, believes Latvian Regional Alliance.
The leading meat processing company in Estonia - HKScan Estonia - has received approval to start exporting chilled and frozen poultry to Hong Kong, China.
It has been decided that individuals who have three or more under-age children in their care will pay annual road tax at 50% of its total rate. This is provided by amendments adopted by the Saeima in the final reading to the Law on the Vehicle Operation Tax and Company Car Tax.
Five internationally leading banks have announced they would plead guilty in charges for manipulations in the foreign currency market.
A very large portion of Unity’s Saeima faction deputies are prepared to support the presidential candidate nominated by the Union of Greens and Farmers – Defence Minister Raimonds Vejonis, notes Unity leader Solvita Aboltina.
- «Spy wars» get Lithuanian citizen handcuffed in Moscow
- Russia reports of detaining Lithuanian spy | 1
- Missing Lithuanian An-2 found at the bottom of Baltic Sea
- Calendar of cultural events in Lithuania. International poetry festival «Poetry Spring»
- Lithuania‘s political and economic diary. European Commission advises Lithuania to tax real estate and vehicles
- Will young Lithuanian celebs wriggle out from conscription?
- Calendar of cultural events in Lithuania. International Street Musicians' Day
- Lithuania‘s political and economic diary. Lithuania PM presents annual government report to parliament
- Lithuania considers breaking promise on keeping KGB agent list secret
Top 5 Business news
- Survey in Latvia: corruption combating lags; financial accounting improves
- Russia: EU sanctions' opponents first in line to lifting ban on food exports
- 1,000 tons of tar remains to be extracted from Incukalns tar ponds
- Saeima committee supports new fast loan interest rates
- Five large western banks to plead guilty for currency market manipulations
Top 5 Social news
Top 5 World news
Top 5 Video
J. @ 2015-05-24 16:15:53
Although I'm happy the state tries to make life easier for families with many children, I don't think this is the way to go. This complicates the tax system and makes reporting more bureaucratic. I'd prioritize removing VAT on heating and food. Imagine how much a large family spends on food. Removing this VAT would really be beneficial.
Pharmk294 @ 2015-05-24 13:08:52
Pharme890 @ 2015-05-24 08:52:45
Pharmg709 @ 2015-05-24 06:45:01
Pharmd326 @ 2015-05-24 04:33:14