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.
From 1 August onward, canned fish products of Latvian compamies Ventspils zivju konservu kombināts, GAMMA-A, Sabiedrība IMS, UNDA and Saldus gaļas kombināts are prohibited to be imported to Russia, as mentioned in an announcement published on the website of Rospotrebnadzor.
Representatives of the 28 NATO states are expected to hold an emergency meeting on Tuesday, July 28, to discuss Turkey's recent raids against the Islamic State group and Kurdish militants.
Average monthly household consumption expenditure per household member comprised EUR 299 in 2014, which is EUR 1.24 or 0.4% less in comparison with 2013. Taking into account the 0.6% increase of consumer prices, consumption expenditure at constant prices has reduced by 1.0%.
Compared to May, the level of construction costs in Latvia had reduced by 0.5% in June 2015. Prices of building materials fell by 1.1%, maintenance and operational costs of machinery and equipment did not change significantly, but labour remuneration of workers increased by 0.6%.
The 250 refugees Latvia has agreed to resettle will not arrive all at once. The process will take two years. It is likely that they will arrive in Latvia every three months, as noted by Latvian Interior Minister Rihards Kozlovskis during a visit of Saeima European Affairs Committee to Mucenieki refugee centre.
Without political decisions to significantly increase tax revenue from GDP, it will not be possible to increase budget expenses in the next couple of years, believe Swedbank experts.
Eurotunnel freight, car and passenger railway services are returning to normal schedule on Monday, July 27, after work overnight to clear delays following disruption caused by migrants.
Population decline is becoming a real problem not just for the country’s economy, but also for the country’s existence as it is. Demographers warn: if Latvians continue breeding at the same slow pace and leave the country, Latvia’s population could potentially decline to 1.3 million by the middle of this century.
Week in Lithuania. London court dismisses ex-Snoras owners’ extradition appeal. Bankers have fled to Russia reportedly.
A London court has ended litigation over the extradition of Vladimir Antonov and Raimondas Baranauskas, former shareholders of Lithuania’s bankrupt bank Snoras who have recently fled from the UK to Russia.
34% of Latvian residents are prepared to spend EUR 500 – EUR 1,500 on their wedding if it were to take place in the near future, according to results of a recent survey by Citadele and Snapshot.lv. The optimal number of guests, according to 44% of respondents is 10-30 people.
Compared to 2013, the number of births increased in all three Baltic States in 2014. However, the largest birth rate growth was registered in Latvia - 5.6%.
This week, Vilmorus, the polling company, has announced results of a survey that clearly pointed out to two key things: economic growth and a change in the country’s psychological climate are vital to see the emigrants contemplate a possible comeback.
A crisis has just passed Latvia and entrepreneurs do not feel all that threatened by the possibility of another one coming right around the corner. With that, the appetite for expensive cars has returned along with financial capabilities. Some Latvian entrepreneurs have not lost their appetite for truly exclusive cars, according to the list compiled by Lato Lapsa and Kristine Jancevska of TOP 45 luxurious cars favoured by Latvian entrepreneurs.
Data compiled by Estonian Tourism Council for 2014 shows that there has been a significant increase in the number of foreign tourists visiting the country. There was a significant increase in the number of German tourists in 2014. Visitors from Latvia are on the second place.
Latvian Security Police has submitted materials to Riga District Prosecutor’s Office to launch criminal prosecution against 11 current and former officials of Riga International Airport in relation to unauthorized wire-tapping.
During an extraordinary meeting on Thursday, 23 July, Andis Damlics from Latvian Regional Alliance was elected Chairperson of Kekava Council.
A new breed of fraudsters has appeared in Latvia. Using detailed information they get from social networks about certain users who have had their cars stolen, these criminals claim to be the ones behind those thefts and demand ransom for its return.
On Wednesday, 22 July, prosecutor of Riga Region Prosecutor's Office submitted the criminal case regarding the failed train procurement project of Pasažieru vilciens to the court.
On Wednesday, 22 July, Latvian border guards caught 23 illegal immigrants and seven of their transporters during their attempt to cross the country’s border. This is the largest number of illegal immigrants Latvian border guards have caught in a single day.
The liquidation of the most massive landfill of construction waste in Riga has finally concluded. Clean R company managed to carry out and deliver nearly 4,000 m3 of construction waste and sorted trash to waste disposal landfills from Spilve airport.
On Thursday, 23 July, Latvian President Raimonds Vejonis sent a letter to U.S. President Barack Obama, saying that this day marks 75 years since the signing of declaration of independence of Baltic States by U.S. Secretary of State Sumner Welles. Vejonis expressed his gratitude to USA for refusing to acknowledge Baltic States as part of the Soviet Union in 1940.
Skonto būve continues to work in the Incukalns tar ponds project one day after the announcement by State Environmental Service regarding the take-over of the project.
- Calendar of cultural events in Lithuania. Trakai Fanfare Week
- Week in Lithuania. London court dismisses ex-Snoras owners’ extradition appeal. Bankers have fled to Russia reportedly.
- What needs to be done in getting Lithuanian expats back home?
- Calendar of cultural events in Lithuania. Klaipėda Sea Festival.
- Week in Lithuania. EC calls on Lithuania to transpose EU in-vitro fertilization legislation
- Lithuanian MPs grumble against Greece, Labour Party first to turn away from it
- Calendar of cultural events in Lithuania. Ghost Tour: visit most haunted Vilnius sites
- Week in Lithuania. Lithuania plans to buy German Boxer
- Iraqi Christians find refuge in Lithuania. Will they stay here?
- Calendar of cultural events in Lithuania. 3D audiovisual projection «Lithuania, we are strong!»
Top 5 Business news
- Industrial producer prices down 0.3% in Latvia
- Serial apartment prices – the highest in the past six years
- Train modernization project still presents risks for EU co-funding
- Illegal border crosser ruins chocolate truffles cargo worth EUR 102,000
- Criminal case regarding failed train procurement project is submitted to the court
Top 5 Social news
- First refugees may arrive in Latvia this autumn
- Prison sentence to be requested in Liepaja paedophile case
- Doctors upset with silent treatment exhibited by Vejonis’ chancellery
- Having to explain his real estate in Old Riga, Gerhards comes up with new family member
- Work group to be created for refugee matter in Latvia
Top 5 World news
Top 5 Video
linda @ 2015-07-24 22:37:15
jj @ 2015-07-23 18:48:58
@ 2015-07-23 02:20:41
I am Latvian but I been living in England for 3 years. I am Starbucks addicted and they make great coffee, and when I would come, and visit Latvia again I wouldn't mind to just go into my favorite coffee shop and enjoy my visit back in Latvia, and great cup of coffee!
lh @ 2015-07-22 11:13:10
Stephen @ 2015-07-21 00:18:55