bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 21.09.2017 | Name days: Matīss, Modris, Mariss
LatviaLatvia

Saeima agrees to increase airBaltic’s base capital

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Thursday, 3 December, the Latvian Saeima made the decision in accordance with which the parliament agreed to increase the base capital of Air Baltic Corporation. 45 deputies voted in favour of this decision, 13 voted against and 2 abstained from the vote.

According to the Saeima’s decision, Finance Ministry is allowed to increase appropriations for Transport Ministry worth up to EUR 80 million to help increase the base capital of Air Baltic Corporation following the signing of the shareholders agreement. This money is necessary to secure further development of the airline, as reported by Saeima press-service.

The Saeima emphasizes in its decision that this measure is necessary to ensure the deal does not have any negative impact on the state budget balance. It is also noted in the decision that airBaltic and its subsidiaries are prohibited from procuring, leasing or using equipment produced by industrial military complexes faced with European or international sanctions.

This project was submitted to the Saeima by the parliamentary Budget and Finance Committee based on a letter from Finance Minister Janis Reirs.

BNN had previously reported that loud scandal around the possible procurement of Sukhoi aircraft from Latvia’s national airBaltic airline is possibly a sly aimed manoeuvre to distract everyone from a bigger and nastier scheme. It is possible that this scheme is meant to create an opening for an inflow of state fresh funds into airBaltic and the subsequent acquisition of that money by potential investors, among which are Andris Skele and multiple figures close to the Russian Kremlin.

According to information provided to Pietiek.com by reliable sources, the management of airBaltic had never considered procuring aircraft from Sukhoi. All announcements leaks that point toward plans to procure Sukhoi aircraft had been carefully prepared and leaked intentionally to enthusiasts and ‘target media’.

This leak may have been carried out with a single purpose only – to distract everyone from the size of financial investments for airBaltic and the special German investor found for airBaltic by Prudentia. This has been done to prepare the stage for the ‘public backlash in regards to airBaltic’s plans to procure aircraft from Sukhoi’ and make it look like a ‘victory of state interests’. With everyone distracted from Sukhoi, no one would think twice about government plans to invest EUR 80 million in airBaltic and the attraction of the German investor under undisclosed conditions.

Information published by the portal suggests that this distraction plan has close ties to Andris Skele and/or his associates. Sources say Skele’s handwriting is found all over this deal, as it is based on a single principle – find whatever in the country is in dire need of an owner and acquire it using half-legal means and third parties. It is widely known that this particular oligarch has had indirect financial interests in relation to airBaltic for years.

Multiple sources point to Skele directly, saying that he has had a hand in the previous ‘saving’ of airBaltic four years ago. Sources mentioned Skele as one of the main financial consultants of all financial schemes and the main author of most ideas. The goal of the most recent scheme, according to sources, is to use the Sukhoi scandal as a smoke screen to cover the defrauding of the EUR 80 million loan provided by the Latvian government to airBaltic.

According to sources, those behind the ‘smoke screen’ had gambled that in the current geopolitical situation Latvian politicians, media and society would believe the allegedly planned procurement of Sukhoi aircraft and spend considerable efforts to prevent it. Following this ‘victory’, no one would oppose the main goal of those behind this scheme – investment of state funds into airBaltic. Pietiek was provided with multiple potential amounts that could potentially surface as requests of airBaltic’s potential and currently unknown creditors – from EUR 30 million to EUR 100 million.

Ref: 102.109.109.8252


Leave a reply

KNAB to procure 66 high-class safes for EUR 78,000

Latvia’s Corruption Prevention and Combating Bureau announced last week a procurement procedure for 66 first-class safes, as confirmed by KNAB and Procurement Monitoring Bureau.

Comprehensive Economic and Trade Agreement between EU and Canada comes into force

On Thursday, 21 September, the Comprehensive Economic and Trade Agreement between the European Union and Canada came into force, as confirmed by European Commission’s r press service in Latvia.

Ašeradens: productivity of Latvia’s economy is far behind Europe

Productivity of Latvia’s economy is far behind Europe – 43% behind the average productivity level in the European Union is actual prices, said Economy Minister Arvils Ašeradens in an interview to Neatkarīgā newspaper.

In pictures: Diversity of heads of state UN General Assembly

What suits and costumes have been chosen by presidents of 12 countries in several continents? BNN has compiled a picture gallery devoted to the UN General Assembly taking place this week in New York.

LVSADA is satisfied with healthcare funding legislative draft

The council of Latvian Health and Social Care Workers' Union has decided to conceptually support healthcare funding legislative draft, which was developed in cooperation with Healthcare Ministry, Association of Latvian Hospitals and Latvian Employers’ Confederation.

Riga Airport becomes part of TOP 5 of Europe’s rapidly growing airports

16.2% passenger number increase has allowed Riga International Airport to become one of five most rapidly growing airports in Europe in July. Riga airport has entered the group of airports whose number of serviced passengers reaches 5 – 10 million a year, according to information compiled by Airport Council International.

Producer prices in Estonia rise 4.7% August-to-August

The producer price index of industrial output in Estonia has from July to August this year grown by 0.8%, but from August last year – by 4.7%, Estonian statisticians have estimated.

Nordea and DNB merge to officially happen on 1 October

In accordance with the recent decision of the European Commission to approve the plans of Nordea and DNB Bank to merge their activities in Baltic States, the business deal will take place officially on 1 October 2017.

Kaljulaid in UN underlines effects of climate change and lack of women in peace talks

As the Estonian President Kersti Kaljulaid made her first address at the UN General Assembly on Tuesday, September 19, she pointed out to world leaders effects of climate change and need to involve more women in peace talks.

Pabriks: Russia failed to intimidate anyone with Zapad exercises

Information acquired during Zapad 2017 military exercises will be enough to assess the tactics used and strategy, said MEP Artis Pabriks in an interview to Rīta panorama programme of LTV.

Latvian Court Administration invests in development Georgia’s court system

Latvian Court Administration opens Twinning project in Tbilisi, Georgia. This project provides for supporting rule of law and independence of court in Georgia to improve the professionalism of judges and court employees, as reported by Court Administration’s European Social Fund project manager Anna Skrjabina.

Spanish police seizes documents related to Catalonia referendum

As Spanish central government seeks derail the October 1 Catalonian independence referendum, which has been banned by the country's Constitutional Court, police in the autonomous region has seized boxes of documents related to holding the vote.

Court orders Loginovs and Pečaks to pay back illegally spent finances

Riga Regional Court has ordered former Riga Freeport CEO Leonids Loginovs and his deputy Aigars Pečaks to repay illegally spent finances in the amount of EUR 856,951.

Mexico shaken by tragic 7.1-magnitude earthquake

Buildings in Mexico City collapsed as a powerful, 7.1-magnitude earthquake struck in central Mexico taking the lives of no less than 220 people.

VNT director: I’m not desperate, managing such challenges is why we are here

Increase of infrastructure tariffs means cargo transports in Latvia’s direction will also become more expensive. In spite of that, Ventspils nafta terminals as a competitive commercial company that is interested in carrying cargoes from Belarus and Russia will definitely pay attention to tariff prices. «And in this case we are not the most competitive,» VNT Managing Director Lars Pantzlaff comments the situation over the plans of Latvijas Dzelzceļš to raise railway tariff plans.

Judins says parliamentary committee «is going nowhere»

The work performed by Saeima’s investigative committee in charge of oligarch case does not fit the established goal to investigate and analyse possible state capture, says member of the committee and Unity’s Saeima faction Andrejs Judins.

Study: residents criticize development of Latvia general situation the most

With the coming of autumn, residents’ optimism has declined significantly, according to results of Baltic International Bank’s Latvian Barometer.

Number of occupied jobs in Latvia up 9.3 thousand

At the end of the first half of 2017, in Latvia there were 903.2 thousand occupied posts, and, compared to the end of the first half of 2016, the number has grown by 9.3 thousand or 1.0 %.

Latkovskis says sometimes questionable votes are lobbied in Saeima in secret

There have been cases sin which questionable votes were being lobbied in the parliament in secret. Compared with last year, this tendency is demonstrating growth, said Saeima deputy Ilmārs Latkovskis in an interview to Latvijas Avīze.

E-governance advocate Ilves comments on alleged Estonian ID card vulnerability

The ex-President of Estonia Toomas Hendrik Ilves, who has been an active advocate of e-governance has emphasised that a possible security risk with Estonian ID cards has not put that the country's reputation as an e-state at risk.

Delna invites Saeima to support initiative to liquidate option to abstain from votes

Society for openness Delna invites Saeima deputies to support public initiative and liquidate the option for deputies to abstain from votes.

82% of Estonian households use mobile internet at home

As to the choice of internet connection in Estonia, 82% of Estonian households use mobile internet at home, Estonian statisticians have estimated.

Baltic Express attracts railway cargoes; decline noted for other carriers

Railway cargo carrier Baltic Express more than doubled its cargo volumes in the first seven months of 2017. Meanwhile, other two cargo carriers – LDz Cargo and Baltic Transit Service – have suffered cargo declines. Baltic Association – Transport and Logistics notes that it is ringing the alarm over the situation in the industry, not over the interests of its members.

Survey: more than half of Latvian residents are half-serious about their health

44% of Latvian residents use all medicine prescribed by their doctor when they get sick, according to data from Mana Aptieka&Apotheka health index.

In pictures: Zapad drill in full swing

BNN offers you an insight into the quadrennial join military training of Belarus and Russia, which have been inspected in person by Russian President Vladimir Putin and Russian Defence Minister Sergey Shoygu.

Newest comments