Posts published in Day: November 19, 2019

Lithuania’s silence on spy swap may hide state failures

Tuesday, November 19, 2019

Silence surrounds two Lithuanian citizens exchanged for Russian spies, despite the Norwegian citizen freed in the exchange speaking openly about the ordeal. This may be down to the state’s failures in providing for the families left behind, according to Lithuania’s former prime minister. Lithuania and Russia conducted a spy exchange on November 15, when two Lithuanian and a Norwegian citizens convicted of spying in Russia were exchanged for two Russian…

Digital banks – a common practice or the distant future?

Tuesday, November 19, 2019

Banks are undergoing transformation, and their digitisation is faster than ever before. However, whether digital banking can replace traditional banking, will be a question during this year’s Fintech Inn, the largest financial technology conference in the Nordic countries and the Baltic states, according to a press release. Since 2008, the number of bank units across the EU decreased by as much as 27 percent, or by 65 thousand, according to…

Lithuanian firefighters stage protest in Vilnius, warning service may collapse

Tuesday, November 19, 2019

Some 50 firefighters staged a rally outside the government building in Vilnius on Tuesday, demanding adequate funding for the service and shaming the government for failing to live up to its commitments. “Shame, shame,” the firefighters were chanting and holding posters saying “How can you survive on 450 euros?” Algis Lisauskas, the president of the Association of Firefighters Unions, told LRT.lt that, due to underfunding, firefighters may have to celebrate…

Lithuanian president’s dialogue with Minsk won’t cross ‘red lines’, adviser says

Tuesday, November 19, 2019

Lithuanian President Gitanas Nausėda is open to a dialogue with Belarus, but will not cross the red lines and will not make concessions to Minsk on the Astravyets nuclear power plant and human rights, his adviser Asta Skaisgirytė says. On Tuesday, Nausėda met with the country’s prime minister, Seimas speaker, several ministers, chairs of parliamentary committees and representatives of parliamentary groups. “He [the president] reiterated that there’s an open dialogue,…

‘Rumours about the death of NATO are strongly exaggerated,’ Lithuanian FM tells French TV

Tuesday, November 19, 2019

Responding to comments by the French president about the “brain death” of NATO, Lithuania’s Foreign Minister Linas Linkevičius has told a French TV that the alliance is going through “a problematic period”, but is far from dead. “Rumours about the death of NATO are strongly exaggerated,” Linkevičius told France 24. The problems pointed out by French President Emmanuel Macron can be overcome, Linkevičius believes. In a recent interview to The…

Baltic customers named in money laundering suspicions at SEB bank

Tuesday, November 19, 2019

Swedish investigative journalists, who are looking into suspicions of money laundering, have submitted to the Baltic banking group SEB a list with 194 people, the company has announced. A new banking scandal is brewing in the Baltics, as the Swedish public broadcaster is due to release an investigation alleging that SEB bank was involved in money laundering. According to  BNN  , Sweden’s SEB confirmed in a press release on Tuesday…

Finland’s Itella Logistics plans expansion in Lithuania

Tuesday, November 19, 2019

Itella Logistics, a company controlled by Finland’s state-owned Posti Group, is planning to expand its operations in Lithuania, accorigin to the business daily Verslo Zinios information reported LETA/BNS. Around 20 Smartpost-branded terminals are expected to be set up in Vilnius, Kaunas, Klaipeda, Siauliai and Panevezys by the end of this year, with plans to expand the new chain to cover all Lithuanian municipalities next year. Itella Logistics CEO Rasma Saule says the company is…

Maxima owner tops Lithuania’s rich list

Tuesday, November 19, 2019

Nerijus Numavičius, the majority shareholder of Vilniaus Prekyba (VP), remains the richest person in Lithuania, followed by Girteka Logistics Chairman Mindaugas Raila and Avia Solutions Group Chairman Gediminas Žiemelis, according to the Top magazine’s annual wealth list published on Tuesday. MG Baltic President Darius Mockus is in fourth position, followed by Žilvinas Marcinkevičius, a former VP Group shareholder, at number five. Numavičius now lives in London and is mostly engaged…

Member states and EU Parliament reach agreement on 2020 EU budget

Tuesday, November 19, 2019

The European Union’s member states and the European Parliament reached a provisional agreement on the 2020 EU Budget on Monday evening, shortly before the deadline of the conciliation period, ending at midnight, diplomats and MEPs informed. The preliminary figures are EUR 168.7 billion in commitment appropriations and EUR 153.6 billion in payment appropriations. Detailed figures will be available later, the European Parliament said. MEPs fought for and obtained better support…

Riga vice-mayor dismissed

Tuesday, November 19, 2019

With support from opposition members of Riga City Council, Vadims Baranniks (NDF) was today dismissed as Riga vice-mayor. Altogether, 40 votes were cast for Baranniks’ removal, with members of Harmony and Honor to Serve Riga (GKR), as well as all opposition councilors voting for his dismissal. Six independent councilmen did not participate in the vote, although they were present at the city council meeting. Opposition councilors commented that they voted…