Posts published in Day: January 17, 2020

Liquidation of ABLV bank continues with EUR 22 million recovered in December

Friday, January 17, 2020

“In December 2019, the recovery of assets continued, as well as verification of their buyers, and the Company continued providing information and answers to requests of various state institutions in accordance with the procedures provided by the law,” an update reported. In December 2019, there EUR 22.8 million was recovered, bringing the total since the commencement of the liquidation process to EUR 749.2 million recovered. “Currently there are EUR 1.71 billion available to…

Rīga shipyard fined, told to file accounts immediately

Friday, January 17, 2020

“The said penalty is imposed because JSC “Rīgas kuģu būvētava” has not complied with the requirements of the Financial Instruments Market Law to file audited financial statements for 2018 and interim financial statements for the first nine months of 2019, in violation of Section 56, Paragraph five, Section 57, Paragraph one, and Section 57², Paragraph one of the Financial Instruments Market Act. The fine was decided on January 14 and shall be transferred to the…

Belarusian ‘platform’ for China’s Belt and Road invites Latvia to take part

Friday, January 17, 2020

Head of China-Belarus industrial park near Minsk has proposed expanding Beijing’s Silk and Road into Latvia. “The park is interesting for Latvia primarily thanks to its transit potential. We are actually a nodal platform of the Silk Road,” said Alexander Yaroshenko, head of administration of the China-Belarus industrial park Great Stone, according to state-owned news agency BelTA. During the visit of Belarusian Prime Minister Sergei Rumas and his Latvian counterpart…

Transgender woman, athletes and party leader’s son on Lithuania’s military draft list

Friday, January 17, 2020

A UK-based transgender woman, whom Lithuania regards as a man, has been included among potential draftees who may be called up for military service this year. The lists, published this week, also include five players of Lithuania’s two top basketball teams, two members of the national football team, and the son a ruling party leader. Only a small share of the people on the lists will actually be called up…

Latvian exile literature – a trip to the past

Friday, January 17, 2020

As the Second World War ended, many Latvians, especially those of middle-class origin who were educated in addition to having good professional knowledge and cultural talents, found themselves forced outside their native country. 120,000 in total fled Soviet occupation. They ended up in Germany, Austria, Denmark and Sweden, and teenage Staprāns was one of those who ended up in a German displaced person’s camp before immigrating to the United States.…

After pollution scandal, suspicions brought against Grigeo Klaipėda and three employees

Friday, January 17, 2020

Prosecutors have brought suspicious against Grigeo Klaipėda and three of its employees following a large-scale pollution scandal that was revealed earlier this month. “To this day, suspicions have been brought against four persons, including a legal person,” Klaipeda prosecutor Gina Skersinskyte told reporters on Friday. “We believe the number of suspects will definitely grow.”The employees include the company’s former director, an operator and a person who was in charge of…

Lithuanian President to veto asset seizure law

Friday, January 17, 2020

Ramūnas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Union said on Friday that President Gitanas Nausėda will veto the civil asset forfeiture law. The Lithuanian parliament adopted the law on Tuesday. The state could seize assets if the person is part of a criminal group, is suspected, charged or convicted for crimes including human trafficking, robbery, extortion ,as well as corruption crimes linked to smuggling and drugs. “We…

Lithuanian court upholds sentence for man convicted of spying for Russia

Friday, January 17, 2020

The Lithuanian Court of Appeal on Friday upheld a seven-year prison sentence for a Lithuanian citizen convicted of spying for Russia. Klaipėda Regional Court handed down the jail sentence to Romanas Šešelis last April for collecting information for Russia on NATO military ships, the LNG terminal operator Klaipėdos Nafta, and other infrastructure. He denied all charges. According to the Prosecutor General’s Office, the man, who was born in Russia in…

Problem of illegal forest trash in growing

Friday, January 17, 2020

Latvia’s State Forests (LVM) finds increasing amounts of trash people have secretly dumped in forests, according to a Latvian Radio broadcast on January 17. “I would like to not have to specially drive and register the trash. It’s our work time, work hours, it’s not a good use of our work time, but we can’t do without it,” said LVM South Latgale region foresters. Outside of the city of Daugavpils…

Latvian neo-Nazi on trial in Finland for alleged New Year bomb plot

Friday, January 17, 2020

Finnish national broadcaster YLE and news daily Iltalehti report that the trial has started in Helsinki of a neo-Nazi from Latvia who is accused of plotting to detonate a bomb at New Year celebrations in 2018. “Helsinki District Court began hearings in a case Thursday in which a 22 year-old man is charged with planning to explode a homemade bomb on a crowded central Helsinki street during 2018 New Year’s Eve celebrations,” …