bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 24.01.2020 | Name days: Krišs, Eglons, Ksenija
LatviaLatvia

Informal talks commence about Bank of Latvia governor’s possible successor

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUPolitical parties in Latvia have started discussing possible candidates to replace Ilmārs Rimšēvičs as the next governor of the Bank of Latvia, considering his term runs out 21 December 2019. However, parties are reluctant to make these discussions public, as reported by newspaper Latvijas Avīze.

Multiple Latvian politicians believe parties should reach an agreement on the future of Bank of Latvia management around October. Others believe the Saeima should first pick a new head for the Finance and Capital Market Commission (FKTK) and then tackle the Bank of Latvia dilemma.

Saeima’s Budget and Finance Committee’s chairman Mārtiņš Bondars ties the situation with Saeima’s approved amendments to the Law on the Bank of Latvia, which provide a reduction of the bank governor’s term from six to five years, as well as the rule that one person is not allowed to be the bank’s governor for more than two consecutive terms. By June 2020 the government plans to submit to the Saeima amendments in relation to the proposal for adding FKTK to the Bank of Latvia.

Candidates to take seat as the governor of the Bank of Latvia are picked by at least ten Saeima deputies. Opposition party Harmony’s faction leader Jānis Urbanovičs predicts that neither the Saeima nor the coalition will be able to reach an agreement on a common candidate. He says MEP Roberts Zīle or Bank of Latvia council member Mārtiņš Kazāks  have the highest chances of replacing Rimšēvičs.

According to the newspaper, unofficial information is controversial, because other politicians say «no political candidates can be considered».

Among other contenders are the former FKTK chairman Uldis Cērps and World Bank’s senior financial sector specialist Kārlis Bauze.

When asked, Zīle was pessimistic about his chances to lead the Bank of Latvia. He only said that his candidacy is clearly political, which is not an obstacle in of itself. According to him, it is important to ensure the Bank of Latvia governor is independent in his or her decision-making processes and strong professionally and able to do active work in the European Central Bank’s council.

Read also: Rimšēvičs: banks have five billion in Bank of Latvia; country’s economy could benefit

It is also important to not only ensure all government parties are able to reach an agreement about a single candidate but also the opposition, ‘because the coalition is controversial and cannot secure stable support for a long time’. According to him, it would be very bad if government parties are unable to reach an agreement and the opposition takes charge instead.

«There will be pushing from parties on this topic. It would be great if the coalition could reach an agreement,» says Saeima deputy Gatis Eglītis, but he is not certain about this. The politician allows that should this happen it will be necessary to search for a different contender. He says it would be best for parties to clarify this topic in October. Without mentioning any names, Eglītis admits that it would be difficult for the New Conservative Party to support at least two of the people mentioned so far, as one of them may be partially responsible for Latvia’s current financial situation, whereas the other lacks the necessary experience working in a managing post.


Leave a reply

Estonia eyes one-year prison sentence for first-time drunk drivers

Estonian government ministers have proposed harsher sanctions for drunk driving. Their initiative comes after three people got killed in a crash, where a heavily intoxicated driver was involved.

Latvian residents trust National Armed Forces the most and the Saeima the least

Latvia’s residents trust the country’s National Armed Forces and the president the most and the Saeima the least, according to the survey performed by Latvian National Security Academy’s Security and Strategic Research Centre.

In China, coronavirus claims more lives as transport limitations put in place

The Chinese outbreak of a new strain of coronavirus has reached the death toll of 26 people, meanwhile, authorities are trying to keep it from spreading introducing transport movement limitations in at least 10 cities.

Information about VDD new office building’s construction costs is a state secret

Although some media have mentioned different amounts of money the construction of a new office for the State Security Service at the location of former Marss cycling track may cost, the service reports that this information is considered a state secret.

Kariņš: Latvia is no longer the younger brother – our country’s voice is heard

Latvia is no longer the younger brother on the international arena – our country is heard and its opinion is taken seriously, said Latvian Prime Minister Krišjānis Kariņš at annual foreign policy debates on Thursday, 23 January.

Poland passes law on limiting public actions, statements of judges

The Polish Sejm has passed a draft law that sets forth limiting the say of judges over justice appointments, court reform and politics. The limitations have been widely criticised abroad.

Linkaits: banks once again service Ventspils Freeport terminals

The situation with Ventspils Freeport is gradually becoming more relaxed. On top of that, banks once again service port terminals there, as Latvian Transport Minister Tālis Linkaits affirmed in a conversation with journalists on Thursday, 23 January.

Aivars Lembergs picks ex-prime minister’s freelance advisor Grudulis as his lawyer for debates

The suspended Mayor of Ventspils Aivars Lembergs, who is also accused of committing serious crimes and is under US sanctions, has picked once the prime minister of Latvia Māris Kučinskis’ freelance advisor Māris Grudulis as his lawyer for debates in court, as was announced in court on Thursday, 23 January.

What is Lithuanian President’s main reason to skip Jerusalem Holocaust forum?

Lithuanian President Gitanas Nausėda has unexpectedly flip-flopped on where and how to commemorate the 75th anniversary of the liberation of Auschwitz-Birkenau death camp in Poland. First, he said he will attend the commemoration in Jerusalem, but then changed his mind to pay homage to the Jewish victims in Auschwitz, in Poland. The reason? Well, there is no clear official reason for that – President’s Office did not provide one.

Audit: Rail Baltica slowed by poor risk management and slow progress with municipalities

Delays and cost increase of Rail Baltica project is heavily affected by no risk management and no strategy, as well as slow progress in cooperation with municipalities and passive alienation of properties, Latvian State Audit concluded in its latest report.

China stops public transport in two cities over coronavirus

In China, a new strain of coronavirus has claimed the lives of 17 people. To keep it form spreading, local authorities have stopped the public transport to and from the cities of Wuhan and Huanggang.

BNN investigation | Rebenoks and Krieķis may have plans to return to Olainfarm board despite ties to serious crimes

Ex-Olainfarm officials Mārtiņš Krieķis and Pāvels Rebenoks, the latter also serving as Latvian Economy Minister Ralfs Nemiro’s advisor, may return to the company’s board to, possibly, continue walking «well-travelled path» paved with non-transparent deals, according to information available to BNN.

In Estonia, forgetting to register child’s name can lead to municipality choosing it

Estonian law obliges parents to register the name of their child in a month’s time after giving birth. In the unlikely case of them being late, the law opens right to a local municipality to choose it.

Change of concept? Viesturs Kairišs becomes Dailes Theatre’s artistic director

Dailes Theatre’s board member Juris Žagars has picked Viesturs Kairišs as the theatre’s new artistic director, as journalists were told by Žagars on Thursday, 23 January.

Lukashenko: Belarus needs to diversify its oil imports, introducing Baltic supplies

As Minsk and Moscow are in talks to solve a dispute over the continuation of oil imports from Russia, Belarusian President Alexander Lukashenko has said that Russian supplies could be cut to 30-40% of Belarus’ total imports.

Minister does not exclude possibility of number of municipalities in Latvia increasing

The Administrative Territorial Reform offers reducing the number of municipalities to 39 in Latvia. Still, it is possible there may be one or two more, said Latvian Environment Protection and Regional Development Minister Juris Pūce in an interview to LTV programme Rīta Panorāma on Thursday, 23 January.

Thirteen people die from influenza in Latvia

Three people died from influenza in Latvia last week, increasing the number of victims to 13 for this year’s flu season, according to monitoring data of acute upper respiratory tract infections published by Disease Prevention and Control Centre.

Lithuania tries to halt haulage firm exodus to Poland with new tax

Lithuania is introducing a new «exit tax» to keep road haulage firms from relocating to other European Union member states. The firms say that other ways of moving business abroad will be used.

Corruption fighters: corruption perception indexes decline in Latvia in 2019

Latvia’s positions had worsened slightly in 2019 in global anti-corruption coalition Transparency International composed Corruption Perception Index.

UK parliament passes draft Brexit law

In London, the draft law on the withdrawal of the United Kingdom from the European Union has been finally passed by the Houses of Parliament after years of inability of British legislators to decide on their preferred way out of the bloc.

Harmony prepared to approve Riga’s 2020 budget after Burovs’ dismissal

Political party Harmony will not approve Riga municipality’s 2020 budget while Oļegs Burovs remains in charge of the city council, as reported by the be faction’s head Maksims Tolstojs.

British landlords support cards showing rights of EU guest workers after Brexit

After Brexit, which is due to start with February, European Union citizens will have to prove their settled status when looking for flats. Private landlords has supported a change in the Brexit law for EU citizens to have physical cards to prove it.

Survey: 86% believe roads should be among state budget priorities in Latvia

A total of 86% Latvian residents believe maintenance and repair work of roads should be among state budget priorities, according to results of a survey by SKDS.

Vitenbergs: every investment is vital for Latvia’s national economy

Investments are the foundation for a free market economy and every investment is vital for Latvia’s national economy, said chairman of Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee Jānis Vitenbergs.

Kaljulaid in Antarctica: We enable Estonians to work online from anywhere

Visiting Antarctica, Estonian President Kersti Kaljulaid intends to do her daily work demonstrating the geographical flexibility working online can give. The head of state also pointed to the alarming speed of climate change visible in the far south.


Do NOT follow this link or you will be banned from the site!