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Tuesday 18.02.2020 | Name days: Kintija, Kora

Ralfs Kļaviņš and Edvīns Bērziņš leave the board of Latvian Transit Business Association

Chairman of Riga Commercial Port Ralfs Kļaviņš and ex-chairman of Latvian Railway Edvīns Bērziņš have left the board of Latvian Transit Business Association, according to information from Firmas.lv.

Liquidation of discount fares on multiple RMS routes would help save money for Rīgas satiksme

By liquidating multiple discounts for passenger fares on multiple LLC Rīgas mikroautobusu satiksme routes, LLC Rīgas satiksme public transport company hopes to save approximately EUR 1.75 million a year.

Tallinn region GDP portion decreases in Estonian economy

In 2018, 65% of the Estonian gross value added was created in Harju county, while the rest of the country is inching closed with Harju county, the official statistics of the Baltic country showed.

Latvia’s prime minister forms a work group to ensure Ventspils Freeport’s operations

On Thursday, 12 December, Latvia’s Prime Minister Krišjānis Kariņš has issued an order on formation of a work group under Transport Minister Tālis Linkaits in order to ensure undisrupted operations at Ventspils Freeport, as reported by the prime minister’s press-secretary Sandris Sabajevs.

Riga Freeport and Liepaja Special Economic Zone to leave LTAB

Riga Freeport and Liepaja Special Economic Zone will leave Latvian Transit Business Association managed by Aivars Lembergs, as both are subjected to US sanctions.

What is Ventspils Development Agency and what will its members do now?

Among the organizations against which US Department of Treasury Office for Foreign Asset Control has adopted sanctions is also Ventspils Development Agency. In accordance with OFAC issued Global Magnitsky General Licence Nr.1, global partners have 30 days to cease all cooperation with this organization.

FKTK proposes isolating Lembergs and companies under US sanctions

Finance and Capital Market Commission invites financial market participants to refrain from providing financial services to suspended Mayor of Ventspils Aivars Lembergs, as well as companies and institutions applied with US sanctions, FKTK reports.

To take over Riga and Ventspils port government to form a separate company

On Wednesday, 11 December, the Cabinet of Ministers decided at an extraordinary meeting to invite the Saeima to add amendments to the Law on Ports to accommodate the plan for the government to take control over Riga and Ventspils freeports.

Citadele Bank acquires UniCredit Leasing active in Baltic States

Citadele Bank has acquired 100% of shares in LLC UniCredit Leasing, including its Estonian and Lithuanian branch offices, thereby acquiring control over all UniCredit Leasing operations in Baltic States, BNN was told by the bank.

20% of Riga Central Station design work for Rail Baltica is complete

Nearly 20% of Rail Baltica project’s design work on Riga Central Station has been completed. Construction company Bererix has closed off territory, railway, underground areas and other infrastructure for topographical and measuring work, as reported by Rail Baltica project’s representative Linda Vītola.

Lithuania announces world’s first digital collector coin

The Bank of Lithuania has announced it would issue a blockchain-based digital collector coin in 2020, as it seeks to attract fintech investors and give new impetus to numismatics in the Baltic country.

Lembergs avoids giving a clear yes or no to stepping down from Ventspils Freeport board

Aivars Lembergs, who is accused of committing serious crimes, avoided giving a clear yes or no in regards to the possibility of stepping down as chairman of Ventspils Freeport board, according to what he said at a press-conference on Tuesday, 10 December.

USA adds Aivars Lembergs to its «black list»

On Monday, 9 December, based on the so-called Magnitsky Law, US Department of Treasury Office of Foreign Asset Control established sanctions against a number of people and their organizations in Europe, Asia and Latin America, including the suspended Mayor of Ventspils Aivars Lembergs.

Court maintains arrest for Riga Central Market cigarette case suspect Vilnis Visors

On Monday, 9 December, Riga Regional Court decided to keep the security measure against suspect in Riga Central Market illegal cigarette trade case businessman and board member of Tirdzniecības nams Latgales priekšpilsētā Vilnis Visors in place.

Swedbank introduces free operations with securities

Swedbank has abolished the commission fee for operations on Baltic stock markets to promote public interest in deals using shares and other securities, the bank reports.

Estonian accommodation shows 5%-tourism growth in mid-autumn

Hostels and other places of accommodation in Estonia have hosted in October 2019 a number of tourists that is by 5% larger than in the respective month last year, the official statistics of the Baltic country showed.

Shady Skonto stadium buyer, a Russian businessman, believes he was cheated

Skonto stadium’s shady buyer from the tax paradise in Belize – the one who purchased the property for EUR 35 million in 2015 – has been found out. It is Russian businessman Aleksandr Rogachev, whose grandfather was the governor of Oryol Oblast. His father is a general of the Russian Federal Security Service.

Week in Lithuania: PM in trouble over street paving, Ambassador in Ankara summoned, probes into match fixing

Last week in Lithuania the top news stories were Prime Minister Saulius Skvernelis being in hot water over street paving, Lithuanian Ambassador being summoned in Ankara and the opening of probes into fixed football matches.


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