bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 19.09.2018 | Name days: Verners, Muntis
LatviaLatvia

Bank of Latvia governor delegates representation authority in ECB to his assistant

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUGovernor of the Bank of Latvia Ilmārs Rimšēvičs has given the bank’s vice-governor Zoja Razmusa the authority to represent the bank in the European Central Bank Council, as confirmed by the bank’s press-secretary Jānis Silakalns.

He says that this means Razmusa is thereby able to participate in the meeting of ECB Council in Frankfurt 12th and 13th and September.

Silakalnks also notes that Razmusa has taken part in past meetings, but without voting rights.

As previously reported, following an order from the EU Court, Latvia’s Prosecutor General’s Office has clarified the security measure applied to Rimšēvičs, permitting him to appoint his replacement to the Council of the European Bank.

The security measure was not changed – only clarified that he has the right to appoint his replacement to the ECB Council.

The court reviewed the request from ECB on interim injunction, in which the central bank requested Latvia to halt the restriction for Rimšēvičs to perform his duties as governor of the Bank of Latvia so that he is at the very least able to appoint his replacement in the ECB Council.

On 20 July, deputy chairman of EU Court issued an order in accordance with which Latvia is to perform the necessary measures to ensure that until the final verdict is ruled in the criminal case involving Rimšēvičs, security measures imposed by the Corruption Prevention and Combating Bureau against him are to be put on hold as far as necessary so that they do not prevent him from performing his duties as a member of ECB Council.

Corruption Prevention and Combating Bureau launched the criminal case against Bank of Latvia governor Ilmārs Rimšēvičs and businessman Māris Martinsons following requests from two unnamed Trasta komercbanka shareholders, as confirmed by the case’s supervisory prosecutor Viorika Jirgena.

She added that both shareholders are part of the criminal case. Both are bribe-givers who have been relieved of criminal liability because they confessed their crimes voluntarily.

Jirgena adds that one of the shareholders asked Rimšēvičs to assist in matters associated with Finance and Market Commission in 2010. In exchange for his assistance, Rimšēvičs was offered a paid vacation in Kamchatka. In 2012, the same shareholder together with another one turned to Rimšēvičs again with the same request. As payment, Rimšēvičs requested EUR 500,000 to be paid in two parts – one half before FCMC’s decision and the other after.

The prosecutor added during a press briefing that after the 2010 agreement Rimšēvičs had provided numerous consultations to the Trasta komercbanka shareholder, attempting to influence FCMC’s decisions. Consultations were provided after the 2012 agreement as well, but even though Rimšēvičs had succeeded influencing FCMC’s decisions, which was beneficial to his ‘client’, there had also been decisions that were not beneficial. One of the forms of assistance Rimšēvičs had provided the shareholder was helping prepare answers to questions from FCMC in regards to the bank’s profitability and matters associated with non-residents.

Jirgena explained that Rimšēvičs had failed to do what he had promised. Because of that, he was only paid EUR 250,000. According to the prosecutor, Martinsons played the part of the mediator in this case. He was also paid 10% of the bribe’s amount. The prosecutor adds that the bribe was paid in cash.


Leave a reply

Russian plane near Syria shot down by ally targeting Israeli planes

The Russian military plane, which went missing on Monday, has been shot down by its ally Syria targeting Israel's war planes and the number of servicemen lost in the event has been corrected from 14 to 15, the Russian government stated.

Latvian border guards find more than 140 kg of hashish in a car

On 16 September, Latvian State Border Guard detained a 1991-born man and his car at Grebnev border checkpoint. A secret compartment containing 145.3 kg of narcotic substances was found in his car during a routine inspection, as reported by State Border Guard.

EU suspects German car-makers of colluding against cleaner technology

EU competition watchdogs are probing if German automotive giants have colluded to restrict the development of clean emission technology.

Number of job vacancies in Latvia up 7.8 thousand in Q2 2018

In Q2 2018 there were 24.5 thousand job vacancies in Latvia, which is 7.8 thousand vacancies or 46.6 % more than in Q2 2017. In public sector there were 7.2 thousand and in private sector 17.3 thousand job vacancies.

Latvian government desperate to resolve the growing piles of used tires problem

Latvian government has supported Environment Protection and Regional Development Ministry’s prepared report ‘On maintenance of used tires’. This report includes proposals for measures to help resolve the matter regarding speeding up recycling and regeneration rates, as well as the no less important matter of maintenance of used tires.

Cargo volumes handled by Latvian ports remain stable in first half-year of 2018

Latvian ports transshipped 43.468 million tonnes of cargoes in the first eight months of 2018, which is 0.9% more than in the same period of last year. According to data from Transport Ministry, cargo turnover’s negative balance continues declining at Ventspils port, where 13.274 million tonnes of cargoes were transshipped in the first eight months, which is a drop of 11.9%.

airBaltic carried 18% more passengers in summer

Latvian airline airBaltic has carried 2,770,047 more passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East in the first eight months of 2018, BNN was told by the company.

Ukrainian workers in Lithuania gradually fill gap left by Lithuanian exodus

Companies in Lithuania, in particular operating in construction, logistics and retail chains, are increasingly inviting workers from Ukraine and Belarus to fill the worker shortage of Lithuanians moving to richer countries.

ABLV Bank assets worth EUR 47.14 million recovered in August

Assets worth EUR 47.13 million were recovered from the liquidated ABLV Bank in August, which is 2.2 times more than a month prior, according to the account published in Latvian Herald.

Estonia bank watchdog points to Denmark's responsibility over Danske

As to the allegations of doubtful billions flowing via the Estonia branch of Danske Bank, the Estonian watchdog of financial institutions has noted that the Danish supervisory authority was responsible for the lender's risk control.

Liepaja City Council vice-chairman steps down

On Monday, 17 September, Liepaja City Council vice-chairman for tourism and investment affairs Ģirts Kronbergs announced his resignation.

Sixteen contenders apply for Rundale Castle Museum director’s post

A total of sixteen contenders have applied for participation in Latvian Culture Ministry’s announced open personnel selection process to find the next director of Rundale Castle Museum.

Russia: Military plane with 14 Russian soldiers has been lost near Syria

A Russian war plane with 14 servicemen on board has disappeared while over the Mediterranean Sea near the coast of Syria, Russia's Defence Ministry has stated.

Unity decides not to support UGF’s initiative for people’s elected president

Unity political party has no plans to support the amendments submitted by the Union of Greens and Farmers on people’s elected president, says Unity’s chairman Arvils Ašeradens.

U.S. to introduce more import tariffs on China produce

The U.S. government has announced imposing import duty tariffs on Chinese products worth USD 200 billion (EUR 171 billion), in a trade dispute between the world's two biggest economies.

Latvian parties’ pre-election promotion costs reach EUR 1.64 million

Three weeks prior to Saeima elections, expenses of Latvian political parties on promotion have reached EUR 1,638,393. Concord remains in the least expense-wise, according to information from Corruption Prevention and Combating Bureau.

Internal Security Bureau criticizes State Police for insufficient corruption prevention

Internal Security Bureau has detained several police officers under suspicion of bribery. Because of that, the bureau has voiced criticism to the management of Latvia’s State Bureau for insufficient corruption prevention measures.

Full transition to electronic documents in construction sector planned for 2019

During a meeting on 17 September, Latvia’s Cabinet of Ministers supported the amendments to Construction Law developed by Economy Ministry. These amendments provide for a full transition to electronic document handling in the country’s construction sector starting from 2019. This includes submission, decision-making processes and coordination – all of these processes will be performed using Construction Information System, as confirmed by Economy Ministry.

MPC permit revoked for liquidated Jurmala-based M7 Energy

Latvia’s Economy Ministry has made a decision to revoke the permit that allows selling produced electrical energy within mandatory procurement component system from SIA M7 Energy (previous name SIA KSER) CHP plant in Jurmala.

U.S. looking into Danske Bank operations in Estonia

Danske Bank, the leading bank in Denmark, is being investigated by U.S. authorities in relation to alleged money laundering from Russia involving Danske's Estonia branch, American media report.

Nearly 80,000 people have left Riga to live elsewhere in last seven years

In the past seven years, 78,692 people have left Riga to live in other countries or elsewhere in Latvia, according to data from the Central Statistical Bureau of Latvia.

Estonia's free rural bus rides result in passenger boom

Rural bus lines in the majority of Estonian counties have been offering free trips since early July, and in August an increase of 10,000 more rides was observed, resulting in frequently overcrowded buses.

NP: Riga municipality plans to adopt EUR 5 entry fee to city’s centre

A EUR 5 entry fee to Riga’s centre may be a solution Riga municipality has picked to help solve possible traffic congestion problem that is expected to appear in 2020, when it is planned commence construction of Rail Baltica railway. Because of that, several major streets will be closed down for traffic, according to information from Nekā personīga programme.

State Chancellery: no attempts to influence elections from abroad have been observed

Compared to the attempts to influence election results in other countries, no active attempts to influence 13th Saeima elections have been observed so far, said State Chancellery acting director for prevention of hybrid threats Kaspars Ozoliņš.

Switzerland urges Russia to quit violating law, spying in its territory

Switzerland's foreign ministry has urged Russia to stop illegal activities on its territory after three suspected spying cases have emerged in the country in 2018.