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Tuesday 23.10.2018 | Name days: Daina, Dainida, Dainis

Week in Lithuania. Lithuanian parliament to launch probe of political corruption during previous governments

The Lithuanian Seimas is set to launch a new parliamentary investigation into political corruption during the tenure of previous governments. Sixty-seven MPs on Tuesday, September 25, voted in favor of setting up a new parliamentary investigation commission, 28 were against and three abstained.

ABLV Bank’s creditors submit claims worth more than EUR 2 billion

Nearly 3,300 creditors have responded to the invitation from ABLV Bank’s liquidators to submit their claims, submitting claims for more than EUR 2 billion, as confirmed by the bank.

Rail Baltica’s management picks Ignas Degutis as Interim Chief Executive Officer

The supervisory board of RB Rail has picked the company’s finance director and board member Ignas Degutis as Baiba Rubesa’s replacement as the interim CEO of the company, as confirmed by the decision made by Rail Baltica supervisory council.

150 Ryanair flights cancelled in Europe as workers strike

Ryanair will cut 150 flights because of a 24-hour strike action across Europe on Friday, as the European Union called on it to provide workers' rights set forth in EU law.

Total tax debts in Latvia reach EUR 1.13 billion at beginning of September

At the beginning of September, the total tax debts in Latvia, including topical, halted and extended debts accounted for EUR 1.13 billion, which is 6.7% less when compared to August, as reported by State Revenue Service.

New natural gas tariffs approved in Latvia; those who use more gas will pay less

The Public Utilities Commission has approved AS Gaso’s submitted natural gas transmission system’s tariff project, which provides for the introduction of a fixed fee for connection to permitted load regardless of the consumed gas volume.

EU supervisor to investigate Estonian and Danish banking authorities on Danske Bank

The banking supervisory authority of the European Union has been asked to investigate the work of Denmark and Estonia’s national banking watchdogs over possible shortcomings in failing to prevent money laundering through the Estonia branch of Danske Bank.

Lithuanian PM, a presumable presidential hopeful, set to curb grocery price growth

Having chastised food retailers on many occasions for high grocery prices, Saulius Skvernelis, the Lithuanian Prime Minister, stepped forward in the bid to harness local supermarkets. The presumed presidential candidate of the ruling Farmers and Greens (LVŽS) has summoned this week executives of major retail food chains, scolded them and reaffirmed his pledge to rein in the edging up prices.

Ministry: non-banking lenders should assess clients’ solvency more carefully

Although certain improvements have been noticed in the industry, Latvia’s Economy Ministry invites amendments to make non-banking lenders perform more careful evaluation of clients’ solvency and allow creditors exchange information with one another.

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.

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.

Ukrainian investor picks Madliena Parish in Latvia as location for egg factory

During an extraordinary meeting, deputies of Ogre County Council supported creation of an egg and egg product plant in Madliena Parish, which has been picked by a Ukrainian investor as a location for the plant.

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