Posts tagged as company

$5 billion fine doesn’t mark the end of Facebook’s troubles

Thursday, July 25, 2019

Facebook will pay a $5 billion fine for privacy violations and will be subject to broader oversight, but ongoing probes in Europe and the U.S. could present even bigger headaches for the company. The FTC fine is by far the largest the agency has levied on a technology company. The settlement also comes with restrictions and government oversight. Facebook for a decade had largely been trusted to regulate itself and keep its…

Defense Ministry has approached 12 countries regarding armored vehicles procurement

Monday, July 15, 2019

The Defense Ministry has approached 12 countries as potential suppliers of armored vehicles to the Latvian military as part of a major procurement, LETA was told at the ministry. The Defense Ministry has conducted research to determine which partner countries would be ready to supply the vehicle platforms for the National Armed Forces’ operational needs. In all, 12 countries have been offered to submit their bids in the tender, the…

Corruption watchdog officer interviewed LU vice-rector following some person’s request

Thursday, July 11, 2019

University of Latvia vice-rector and Riga City Council deputy Baiba Broka, who was detained on Monday, 8 July, and then subsequently released from custody is fully prepared to cooperate with Corruption Prevention and Combating Bureau (KNAB) in the investigation of the criminal case regarding the EUR 20 000 bribe. The suspended vice-rector added that she is also prepared to provide answers to journalists, because she believes corruption has no place…

Bribe in LU vice-rector’s criminal case may be tied to LU House of Letters project

Wednesday, July 10, 2019

The bribery in Corruption Prevention and Combating Bureau’s (KNAB) criminal process in which vice-rector of University of Latvia (LU) Baiba Broka and businessmen Guntis Rāvis and Ivars Millers have been detained may be associated with LU Academic Centre’s House of Letters project, according to information from LETA. The procurement for the construction of LU House of Letters was announced in spring 2018. The winner was sought in the tended through…

Colonna purchased the Luminor bank office building in Riga

Monday, July 8, 2019

Colonna, an investment company specializing in commercial real estate, has purchased the Luminor bank office building at 12 Skanste Street in Riga, which is well-known for its outstanding architecture. The main building of the Luminor bank in Riga is considered one of the best-looking modern building in Skanste district. It was built in 2009 and was previously the home for DNB Bank offices. This business building with class A quality…

Harmony party member detained for importing 15 tonnes of illegal vodka to Latvia

Saturday, July 6, 2019

On the night to 1 June, Latvia’s State Police intercepted approximately 15 tonnes of contraband vodka. Ex-Saeima deputy candidate from Harmony Ziedonis Apariņš has been detained. This man, together with once Riga City Council deputy Sandris Bergmanis and ex-Saeima deputy Andris Morozovs, founded Latvian Transport Association, according to information from LETA. State Police confirmed that a cargo 15 tonnes of contraband vodka lacking any excise tax labels was intercepted on…

Private company to accept Lithuanian visa applications in 53 countries

Wednesday, June 12, 2019

An external service provider will accept visa applications in 53 countries where there are no Lithuanian diplomatic representations or consular institutions. VF Services (UK) Ltd. will also establish visa centers in countries with Lithuanian embassies, for example, the United Kingdom. All in all, Lithuanian visa centers will operate in 71 countries. According to the ministry, it should considerably facilitate Schengen or national visa procedures for foreigners and encourage them to…

Ministry turns to intelligence body over rail contracts with Latvia’s Sigmen

Monday, June 3, 2019

The Lithuanian Transport and Communications Ministry has asked the State Security Department (VSD) for cooperation in assessing potential threats and risks following a media report that Lietuvos Gelezinkeliai (Lithuanian Railways, LG) has awarded millions of euros’ worth of contracts to a Latvian company linked, via former KGB officers and agents, to Russian President Vladimir Putin’s inner circle and Russian oligarchs subject to US sanctions. Sigmen is one of the major…

Swedbank issues EUR 24.49 mln loan to Dobeles Dzirnavnieks grain mill

Wednesday, May 29, 2019

Swedbank will issue a EUR 24.49 mln loan to Dobeles Dzirnavnieks grain mill, Swedbank spokesman Janis Krops told BC. He said that Dobeles Dzirnavnieks plans to invest EUR 32 mln in new plants, including EUR 24.491 mln loan from Swedbank. The company’s investments are aimed at development of the largest and most modern infrastructure for processing organic grain and innovative pasta production plant. Krops said that implementation of both large-scale…

Former New Zealand leader: ‘We need to learn to listen to China’

By James Griffiths on Tuesday, February 19, 2019

A former New Zealand prime minister has been quoted lavishing praise on China as the country’s current leader continues to deny reports of a rift between Wellington and Beijing. In a piece published by Chinese state-run People’s Daily on Monday, Jenny Shipley, a former leader of the conservative National Party and prime minister from 1997 to 1999, commended China’s “huge contributions to the world’s economic growth” and its “great efforts” to promote…