Latviski English По-русски
Monday 19.03.2018 | Name days: Jāzeps

Week in Lithuania. Lithuania not affected by problems at Latvia's ABLV Bank

(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUFinancial problems faced by ABLV, one of Latvia’s biggest commercial banks, will have no impact on the Lithuanian financial system, officials from the central Bank of Lithuania and the Lithuanian Banks’ Association (LBA) said this week. According to Vytautas Valvonis, director of the central bank’s Supervision Service, the Lithuanian financial system has become very independent in recent years. LBA President Mantas Zalatorius also says that ABLV’s turning to the Latvian central bank for financial support will have no impact on the Lithuanian financial system.

Director of major hospital arrested, then released

Kęstutis Strupas, director general of Vilnius University Hospital Santaros Klinikos, one of Lithuania’s major hospitals, has been suspended from his job on suspicions of abuse amid a large-scale corruption probe by law-enforcement bodies, the Health Ministry said on Thursday, February 22. The decision to suspend Professor Strupas was made during a meeting of the Health Ministry and Vilnius University, the hospital’s shareholders, it said.

Lithuania’s ex-judge Venckienė nabbed in US

Former Lithuanian judge and former MP Neringa Venckienė has been detained in Chicago, the United States, at Lithuania’s request for refusing to obey a court order to hand over her niece to her mother. The Prosecutor General’s Office and the Foreign Ministry said on Thursday, February 22, that the process of the suspect’s extradition to Lithuania had been initiated. Lithuanian law-enforcement want also to hold her liable for unlawful interfering with a bailiff’s operations and resisting the police.

SD Labour Party to hold assembly in late March

The Lithuanian Social Democratic Labour Party will hold its constituent assembly on March 24. Gediminas Kirkilas, one of the founders of the party, told journalists on Friday, February 23, the party would have around 3,000 founders. The core of the new party includes old members of the Social Democratic Party that split from the political force last year after it decided to leave the ruling coalition with the Lithuanian Farmers and Greens Union.

Kaunas set to bring Samsung

Kaunas, Lithuania‘s second-largest city, intends to invest 5 million euros in the territory of a former aviation factory and build the Aleksoto Innovations Park, if approval is secured from the council of Lithuania’s second city next week, with plans to bring the tech giant Samsung there, Kauno Diena daily reported.

International Book Fair opens in Vilnius

The four-day Vilnius Book Fair opened at the exhibition and congress centre Litexpo on Thursday, Februay 22. At the opening of the fair, President Dalia Grybauskaitė noted that this year’s event was special, as it was taking place on the 100-year anniversary of the country’s restored statehood. Held for the 19th time, this year’s fair is expected bring together 53 foreign delegations from 21 countries, including coming from Canada, the United States, Iran, Oman and Israel.

Lithuanian bodies underuse anti-corruption instruments

President Dalia Grybauskaitė says that Lithuania’s failure to improve its position in Transparency International’s latest Corruption Perception Index shows that the country’s bodies do not make sufficient use of the instruments they have to curb corruption. Lithuania ranked 38th out of 180 countries surveyed in the index released by Transparency International on Wednesday, February 21, unchanged from last year. This puts Lithuania ahead of Latvia, but behind Poland and Estonia.

Police reform brings positive results

Lithuania’s police reform has produced positive results, but some risks remain unmanaged, Interior Minister Eimutis Misiūnas said on Thursday, February 22. As the result of the reform, the number of officers on the street has increased by 1.5 times, the rate of response to incidents has increased, too, but not that significantly. With the focus on rapid response, the quality of investigations is at risk, some experts believe.

Constitutional Court to rule on wrongful dismissal

The Lithuanian Constitutional Court on Thursday, February 22, started hearing a case regarding ministers’ personal monetary liability for wrongful dismissal of employees or other wrongful decisions. The issue has been referred to the Constitutional Court by the Lithuanian Supreme Administrative Court, which is hearing an appeal by Raimundas Palaitis, a former interior minister, who is contesting an order for him to pay over 4,500 euros for firing Osvaldas Šarmavičius as director of the Civil Service Department. Courts have ruled that the director’s dismissal was too severe a disciplinary sanction.

Philip Morris may face fine in Lithuania

Global tobacco giant Philip Morris may face a fine in Lithuania for advertising its electronic smoking device IQOS. Lithuania’s Drug, Tobacco and Alcohol Control Department has made a preliminary conclusion that the devise should be subject to the same advertising restrictions as tobacco products, but it will adopt its final decision after hearing explanations from the producer.

Tomkus sells 80 pc stake in ELTA

Vitas Tomkus, the owner of the media group Respublikos Leidiniai, has sold 80 per cent of shares in the Lithuanian news agency ELTA. GM Media Invest, a company owned by ELTA CEO Gitana Markovičienė on Wednesday, Wednesday 21, purchased the stake from Tomkus and plans to buy the remaining 20 per cent of shares in the near future, the agency said. GM Media Invest last December purchased the Moteris, Mano Namai, Tavo Vaikas, Cosmopolitan and Panelė magazine publishing business and the websites of these brands from Delfi.

Telia Lithuania says Huawei equipment is safe

After US intelligence agencies have warned that American citizens should not use products made by Huawei, Lithuania’s telecoms company Telia Lietuva says that the Chinese manufacturer’s equipment that it uses is safe. According to the spokesman, Telia Lietuva uses equipment by various manufacturers and has used Huawei products for 10 years now.

Government to allow downing drones over military areas

The Lithuanian government approved on Wednesday, February 21, legal amendments to allow shooting down non-crewed aircraft flying without permission over military areas. The amendments, which will now go to the parliament for approval, would also ban unauthorized drones from flying over military areas and filming or photographing these areas. The proposed legislation would also give authorities the right to persecute or detain persons illegally visualising military areas.

Vilnius seeks over 350 mn euro from France’s Veolia

The city of Vilnius on Monday, February 19, filed a counterclaim against France’s Veolia, which withdrew from the Lithuanian capital’s heat supply sector last spring, and its local subsidiary Vilniaus Energija (Vilnius Energy) with the Stockholm arbitration court, seeking over 350 million euros in damages from the companies. With Vilniaus Energija’s 15-year lease on the Lithuanian capital’s heating system nearing expiration, Veolia and Vilniaus Energija in late 2016 asked the Stockholm arbitration court to appoint an independent valuer of the Vilnius district heat supply system. The dispute was later expanded to include investments and damages incurred by both sides in the city as they failed to agree on the value of the assets.

Court sentences for stealing money from Norwegian companies

A Lithuanian court on Monday, February 19, found three people guilty of stealing 246,000 euros from Norwegian companies by infecting their computers with malware. The Panevėžys regional court sentenced the organizer of the crime, identified by his initials D. S., to six years in prison. Combined with an earlier prison term, the man will spend seven years and a month behind bars.

Leave a reply

Number of vacant jobs in Latvia grew 17.9% in 2017

In 2017, there were 17.0 thousand job vacancies in Latvia, which was 2.6 thousand vacancies or 17.9 % more than in 2016. In public sector there were 6.1 thousand job vacancies van in private sector 10.9 thousand vacancies.

Latvian cosmetics producers exports goods worth approximately 20 million euros

Cosmetics producers in Latvia export products worth EUR 20 million every year. Volumes increase 5% every year. The main export partner states are located in Europe. Still, there has been a significant increase of export volumes to third countries – to some countries this increase was as large as 60% -70%, according to data from Latvian Cosmetic Manufacturers Association.

US Chamber of Commerce worried that Latvia’s political culture has not changed since Ridzene talks

American Chamber of Commerce in Latvia (ACCL): «We are concerned that Latvian society’s and its government’s political culture has not changed much since the publication of information detailing events associated with Ridzene talks in 2009-2011. The state capture detailed there may still be possible...

Latvia’s prime minister open for talks regarding MPC system’s liquidation

Prime Minister Māris Kučinskis is prepared to discuss the possible liquidation of the mandatory procurement system, but not for all businesses at the same time.

Air temperature in Latvia to remain mostly positive throughout the week

On Monday, 19 March, weather in Latvia will change, as a low atmospheric pressure area together with an atmospheric front will approach the country from the north. The day will be sunny for the most part, but the amount of clouds will increase as hours go by, as reported by State Environment, Geology and Meteorology Centre.

Ukraine: British diplomats expelled from Moscow could work in Kyiv

In a reaction to Russia's announcement that it would expel 23 British diplomats from Moscow as part of the UK-Russia argument over poisoning of double-agent in an English city, Ukrainian Foreign Minister has suggested to his British counterpart that the 23 diplomats could now work in Ukraine.

UGF leader confirms: Lembergs will not be proposed for prime minister post

Aivars Lembergs, who is accused of serious crimes and is currently suspended from his post as chairman of Ventspils City Council, had proposed his candidacy for the post of prime minister of Latvia multiple times in the past. The moment has come at long last when Lembergs will not be an official candidate for the aforementioned post, as BNN was told by the leader of Union of Greens and Farmers’ Saeima faction Augusts Brigmanis.

NATO's defence spending benchmark met by three EU member states

Despite the current demanding security situation, in the NATO military alliance, no more than three member states of the European Union have reached the recommended defence spending sum in 2017 and Estonia is one of them.

In fight for northern Syria, Turkish-backed forces take city from Kurds

In the fight for northern Syria between forces led by Turkey and Kurdish fighters, Turkish-backed units had gained control of the heart of the Syrian-Kurdish city of Afrin.

Russian presidential election pronounced won by Putin

Russian President Vladimir Putin been announced as the winner of the Sunday, March 18, presidential election, as the politician has pledged to devote his new term in office to strengthen Russia’s defences against the West and to improve the quality of life.

Week in Lithuania. Some 5,000 gather in protest rally outside Lithuania's Parliament

Some 5,000 people gathered outside the Lithuanian parliament in Vilnius on Thursday, March 15, to express discontent with the failed parliamentary vote to impeach MP Mindaugas Bastys and the performance of the ruling Lithuanian Farmers and Greens Union.

BNN summary of the week: oligarch talks’ ownership; scandals in Lithuania; Estonia wants direct democracy

BNN offers a summary of this week’s topical news in a variety of categories: Progress; Scandals; Invitation; Fight; Opinion; Decline.

Remembrance day of Latvian Legionnaires passes with shouts and two arrests

The Legionnaires’ remembrance procession in Riga on Friday, 16 March, passed peacefully. Nevertheless, several conflicts did take place among differently-minded people near the Freedom Monument. Two individuals were arrested by police.

Influenza intensity in Latvia – moderate when compared to other European nations

A comparison of influenza activity in Europe shows that it is high or very high in several countries. Latvia’s influenza intensity is considered moderate, as noted by epidemiologist Raina Nikiforova.

Hourly labour costs in Latvia grew 7.3% in 2017

Compared to Q4 2016, in Q4 2017 hourly labour costs rose by 54 cents or 7.3 %, reaching EUR 8.02. Seasonally adjusted data show identical changes – rise of 7.3 %.

Rietumu Banka claims it has not worked with high-risk clients for years

Rietumu Banka has been steadily rejecting high-risk clients for years and has significantly reduced the volume of transactions, as mentioned by the bank’s representatives.

Lithuanian and Estonian businessmen are ahead of Latvia in terms of investments

In Latvia, 36% of small and medium-sized companies have plans to invest in the development of their business this year. In Estonia and Lithuania, on the other hand, the proportion of businesses with development plans is 42% and 46%, respectively, according to results of a recent study performed by SEB Bank.

Russia pledges maximum pressure on UK amid ex-spy poisoning row

Russian top diplomat in the UK has envisaged on Friday, March 16, that the Kremlin would use maximum pressure on London as Moscow insists it has not been involved in the poisoning of a former Russian-British double agent with a Russian-made chemical weapon, as has been found by British investigators.

Latvia’s ministry: Crimea’s annexation is illegal

18 March 2018 will mark four years since the Russian Federation violated Ukraine’s sovereignty and territorial integrity by annexing the Crimean Peninsula and causing military aggression in the country’s eastern region. With its actions the Russian Federation has violated international law and basic principles of international relation, says Latvia’s Foreign Affairs Ministry.

Building gas pipe to Finland, Estonia to organise works for EUR 135 million

Continuing the works on the Balticconnector gas pipeline between Estonia and Finland, the Estonian natural gas network company Elering has stated that around 135 million euros, including a 98-million-euro funding from the European Union, will be invested in the project.

Replacement of cash registers rejected by SRS would cost half a million euros

The State Revenue Service has declined 18,000 cash registers as unfitting for requirements established by the Cabinet of Ministers. Fixing the problems found in them would cost half a million euros, as reported by LNT News.

Latvian Anti-Nazi Committee presented with protest restrictions on 16 March

Administrative District Court has compiled a shortened ruling, in which it rejected Latvian Anti-Nazi Committee’s application and preserved the decision imposed by Riga City acting CEO on 13 March 2018 on establishing restrictions on the planned gathering and protest act for 16 March unchanged.

U.S. introduces Russian sanctions for election meddling and cyber-attacks

Washington has introduced sanctions against 19 Russian individuals and five entities blaming them for attempts to sway the 2016 U.S. election and perceived cyber-attacks.

Slovakian PM Fico replaced with fellow party member

Slovakian head of government Robert Fico has stepped down after the murder of a journalist shed light on corruption in Slovakia, prompting nationwide protests. The long-standing Prime Minister had offered to resign earlier this week if the ruling coalition was allowed to finish its term.

Weekends will be cold and sunny in Latvia; next week will have volatile weather

Starting with Sunday, 18 March, air temperature in Latvia will rise above zero in most of the country, as reported by State Environment, Geology and Meteorology Centre.

Newest comments