Latviski English По-русски
Wednesday 26.10.2016 | Name days: Kaiva, Amanda, Amanta

Ventspils Nafta to pull company stocks from Nasdaq Riga exchange

(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUVentspils Nafta Council has decided to pull out 104,479,519 stocks from the official list at Nasdaq Riga exchange. This decision was made by the company council through a vote.

It has also been decided to elect the next VN Council in the following composition: Vladimirs Eggers, Andrea Šlepfere, Varvara Maksimova, Olga Kurenkova, Dmitrijs Judzins, Nataša Mikiene and Ramune Guliokiene. Members of the council will start their three-year term on 2 December 2015. Rubils Jilmazs will discontinue working as deputy chairman of the council.

Two newly-elected members of the council are Nataša Mikiene and Ramune Guliokiene. Mikiene has been working at Vitol Baltics since 2014. She had also worked at Vitol S.A. (Swiss office in Lithuania). Mikiene earned a degree in railway transport engineering at Vilnius Technology and Design College and a degree in transport engineering economy and management at Vilnius Gediminas Technical University. Mikiene does not own any VN stocks.

Guliokiene has been working with different Vitol S.A. business operations since 1996. She has previously worked at Ventspils nafta terminals as customer service director. In parallel to that, she was working as a representative of Ventspils Tank Services S.A. from 2007 to 2009. From 1994 to 1996 she was working as economist, secretary and translator at Mazeikiu Nafta. She graduated from Kaunas University of Technology with Master’s degree in chemical engineering. In 2011, she graduated from Riga Business School with Master’s degree in business administration. Guliokiene owns no stocks in Ventspils nafta.

Ventspils nafta is one of the largest company groups in Latvia. It works in the field of oil product transport, shipping and storage. Ventspils nafta is the parent company. It manages investments in companies part of its group and assess the total value and growth potential of each individual company.

Ventspils nafta owns 51% of stocks in Ventspils nafta terminals, which is the largest oil and oil product handling terminal in Baltic States; 66% of stocks in LatRosTrans, which is a joint Latvian-Russian company in Baltic States; 49.94% of stocks in Latvian shipping company, which is one of the largest ship owners in the medium and handy-type tanker segment in the world.

Ref: 102.109.109.

Leave a reply

BATL: industry doubts economic justification of electrifying Latvia’s railway network

The project for the electrification of Latvia’s railway network is currently under review by Finance Ministry, Edgars Putra – the ministry’s parliamentary secretary – told Krustpunktā programme of Latvijas Radio on Tuesday, 25 October.

In pictures: France evicts migrants from notorious Jungle tent village

In northern France, near Calais, authorities have commenced transporting migrants away from Jungle, the tent village, where several thousand migrants have been living for years.

Payments of benefits to be stopped for refugees who left Latvia

On Tuesday, 25 October, the Cabinet of Ministers supported the legal draft detailing amendments to the Asylum Law, which were developed to enhance Latvia’s asylum provision system.

Government urged to declassify Citadele Bank’s sale

Saeima’s Public Expenditure and Audit Committee has sent a letter to the Cabinet of Ministers, requesting the latter to lift restricted access status on all information related to the sale of Citadele Bank.

Number of black stork chicks declined significantly this year

The small amount of precipitation has negatively impacted the feeding and nesting of black storks in Latvia, as concluded by the Nature Conservation Agency, which had performed annual monitoring of endangered black storks in cooperation with Latvian State Forests this year.

Estonia not willing to ban fur animal keeping and skinning

Reacting to a call from animal rights activists, Estonian environment and rural affairs ministries have found that there is no reason to prohibit fur farming in the country.

IMF on Estonia: Increase in wages could harm exporter competitiveness

Estonia should take care of rising imbalance of wake increase and lagging productivity to ensure Estonian exporters can be profitable in foreign markets, the International Monetary Fund evaluated.

Study: Gender gap in alcohol consumption smaller as young women drink more

By comparing the drinking habits of four million people born between 1891 and 2001, it has been found in a study that the generations living today have reduced the likelihood of men consuming more alcohol in unhealthy amounts than women.

Criminal process launched in relation to K.Barona Street repairs

Corruption Prevention and Combating Bureau has launched a criminal process in relation to possible forging on documents in the procurement process associated with the reconstruction of K.Barona Street in Riga.

Sirens to be tested across all of Latvia

On Tuesday, 25 October, the State Fire and Rescue Service will conduct a three-minute test of emergency sirens. The test is scheduled for 15:00. It will help determine the function of the system and identify any technical problems.

Belgium bocks CETA, but EU and Canada remain hopeful over signing

The European Union and Canada have stated they still hope to sign their bilateral free trade deal, after the Belgian federal government clarified that it cannot ensure the backing of three regional bodies for the agreement.

This week to be rich with precipitation and cold in Latvia

The anti-cyclone that dictated weather in Latvia over most of October is gradually moving east. It will be replaced by a small and active cyclone. With that, meteorologists expect often precipitation in Latvia this week.

Experts: Russian warships on their way to Baltic Sea

Movements of warships in the Mediterranean Sea and the North Sea, as well as internet comments show that two Russian nuclear-equipped corvettes are currently on their way to the Baltic Sea, even though official reports suggest the opposite, as concluded by experts of Atlantic Council think tank.

Police launches disciplinary cases in relation to supply of inappropriate vehicles

Multiple disciplinary cases have been launched in relation to the supply of vehicles non-compliant with requirements of State Police. In addition, Internal Security Office has been asked to assess the responsibility of officials responsible for the procurement.

Latvia begins ratifying Paris agreement on climate change mitigation

On Tuesday, 25 October, Latvian Cabinet of Ministers plans to review the legal draft ‘On United National Organization’s Framework Convention on Climate Change’ prepared by the Environmental Protection and Regional Development Ministry.

Belgian Wallonia rejects EU ultimatum over EU-Canada free trade deal

The Belgian region of Wallonia has on October 23 rejected an ultimatum from the EU to quit objecting to the EU-Canada free trade deal in 24 hours.

Estonia increases tax revenue by 6.8%

Estonia’s tax collector has in the first nine months of 2016 received 6,8% more revenue that in the same period in 2015.

Latvia’s population declined by 4,636 this year

In the first nine months of 2016, Latvia’s population decreased by 4,636 persons. This is because the number of deaths exceeded the number of births. In the corresponding period of 2015, population decline constituted 4,751 persons.

PUC: Latvijas Gāze remains obligated to provide third parties with access to gas infrastructure

Considering that the Administrative Regional Court has declined LG’s request for temporary solution, the company remains obligated to provide third parties with access to natural gas transmission infrastructure.

Estonia to combat large-scale imports of alcohol from Latvia

Estonia’s Tax and Customs Department plans to equip all border control checkpoints with surveillance cameras to record car registration numbers to thereby better combat large-scale imports of alcohol from Latvia.

Latvians the most satisfied with wages in Baltic States

Compared with other Baltic States, Latvia has the largest number of employed people who believe they receive adequate pay for their work. 39% of employed people in Latvia believe they are paid adequate wages, as well as 34% in Estonia and 19% in Lithuania.

Farmers-greens announce victory in Lithuanian Seimas election

The Union of Peasants and Greens claimed victory in the Lithuanian Seimas election after the second round of the vote was held on October 23.

Finance minister blocked SRS candidate Nikitins' approval to FCMC

Although the personnel selection process for the approval of the new head of the State Revenue Service has defined a possible candidate, specifically high-rank official of the Bank of Latvia Andris Nikitins, his chances to win are reduced by the decision made by Finance Minister Dana Reizniece-Ozola to pick the best candidate among the other candidates.

Week in Lithuania. Lithuania unveils new tourism brand

Lithuania will until 2020 use a new tourism brand to market itself to foreign tourists. The new brand, unveiled by the State Tourism Department on October 19, features the words «Lithuania. Real is beautiful» printed on a pastel mint postage stamp

Economic Diary of Latvia. The richer the people, the better the security

A very interesting matter was voiced in Latvia this week. The matter addresses the link between the overall level of welfare of the country’s residents and the country’s national security.

Newest comments