Posts published in Day: March 7, 2019

FCMC approves methodology for ABLV Bank’s liquidation

Thursday, March 7, 2019

The Financial and Capital Market Commission (FCMC) at an extraordinary meeting on Wednesday approved the methodology for screening the creditors of ABLV Bank for the bank’s self-liquidation, FCMC spokeswoman Ieva Upleja reported LETA. ABLV liquidator Arvids Kostomarovs told LETA earlier that payments to creditors will be started not sooner than 2-3 months after FCMC approves the methodology. As reported, the European Central Bank annulled ABLV Bank’s license in July 12, 2018.…

EU migration commissioner: Bloc’s migration crisis is behind us

Thursday, March 7, 2019

The immigration crisis to the European Union has ended, believes the migration commissioner, who also stated that the issue in combination with misinformation could still prevail in this spring’s European Parliamentary election. Belgian news portal EurActiv reports that EU’s Migration Commissioner Dimitris Avramopoulos addressed reporters on Wednesday, March 6, when he said: «The times of crisis, when hundreds of thousands were coming by sea to Italy and Greece are behind…

Center to decide over launching coalition talks with Reform on Friday

Thursday, March 7, 2019

The Estonian Center Party is to decide on Friday whether it will launch negotiations with the Reform Party in order to establish a coalition, the news portal of the daily Postimees reports. Center Party chairman Juri Ratas said after meeting with Reform Party leader Kaja Kallas on Wednesday evening that the Center Party will take two days in order to think and will decide on Friday whether it will start…

China says higher 2019 budget deficit will spur growth, won’t open floodgates

Thursday, March 7, 2019

China’s decision to increase its budget deficit ratio to 2.8 percent this year from 2.6 percent in 2018 is appropriate for the economy, and leaves room for policymakers to maneuver, Finance Minister Liu Kun said on Thursday. But a proactive fiscal policy does not mean China will open the floodgates for stimulus, Liu said at a news conference on the sidelines of the annual parliamentary meeting in Beijing, reiterating past…

Grybauskaite thanks Finland for support on Belarus’ N-plant safety

Thursday, March 7, 2019

Lithuanian President Dalia Grybauskaite thanked on Wednesday Finnish Prime Minister Juha Sipila for his country’s support for efforts to ensure the safety of Belarus’ nuclear power plant under construction in Astravyets, near the border with Lithuania.   “According to the president, international support for Lithuania’s position on the Astravyets nuclear power plant will remain very important in the future, and Finland’s support is particularly significant,” her office said in a press release.  Grybauskaite…

Oil nudges higher on Venezuela and Iran sanctions, OPEC cuts

Thursday, March 7, 2019

Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but price gains were capped by record U.S. crude output and rising commercial fuel inventories. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.31 per barrel at 0637 GMT, up 9 cents, or 0.2 percent, from their last settlement. Brent crude futures were at $66.22 per barrel, up 23 cents,…

OSCE High Commissioner expresses support for Vejonis’ initiative to grant automatic Latvian citizenship to non-citizen children born in Latvia

Thursday, March 7, 2019

On March 6, Latvian Foreign Minister Edgars Rinkevics met with the OSCE High Commissioner on National Minorities, Lamberto Zannier, LETA learned from the Latvian Foreign Ministry. The Minister gave an overview of the issues of society integration and national minority policy in Latvia, as well as informing the OSCE official about the education reform under way in Latvia. “The Latvian Government has committed to taking forward the education reform which…

Gay activist vows to make Vilnius more LGBT-friendly after elected councilor

Thursday, March 7, 2019

Tomas Vytautas Raskevicius, a homosexual activist elected as a member of the City Council of Vilnius, plans to take steps to make the Lithuanian capital more friendly to the lesbian, gay, bisexual and transgender (LGBT) community.  “Given that a culture of bans now prevails in Lithuania, it’s absolutely clear that nothing is going to change in national policies regarding LGTB people’s rights. Thus, everything has to be done through those soft…

Ukraine is a stone of discord for the US and Lithuania

By Lukas Ramonas on Thursday, March 7, 2019

The Lithuanian government has decided in February to donate Soviet-made light small arms ammunition to the Ukraine Ministry of Defence (MoD). Worth €255,000 and transferred on a non-reimbursable basis, the ammunition can be used in automatic rifles, machine-guns to ensure national security and defence. Lithuanian National Defence Minister Raimundas Karoblis said: “The transfer of assets is a part of consistent and comprehensive Lithuanian support to Ukraine as it strengthens its…