Government
Parliament Approves New Head of Latvian Banking Regulator
By admin at 18 January, 2012, 10:49 am
On January 12, the Latvian parliament approved Kristaps Zakulis as the new head of the Latvian banking regulator, the Finance and Capital Market Commission (FKTK), the Baltic News Service reported. According to the Riga-based newswire, the decision was made with 73 votes to three, with 17 abstentions. BNS reported that Vjačeslavs Dombrovskis from ruling centrist [...]
Read More >>Latvian Political Parties to be Partly Funded from National Budget as of 2012
By admin at 4 January, 2012, 10:48 am
As of 2012, political parties in Latvia will be partly funded from the national budget in line with amendments passed to the law on the financing of political organization, the Baltic News Service reported, citing information from the parliamentary press service. According to the Rīga-based newswire, public funding will be granted to those political parties [...]
Read More >>In New Year’s Day Speech, President Berziņš Calls for Stopping Emigration
By admin at 4 January, 2012, 10:47 am
Addressing the nation on the first day of 2012, Latvian President Andris Berziņš noted the experiments with the Constitution experienced last year, as well as called on politicians to work on stopping emigration, the Baltic News Service reported. According to the Riga-based newswire, the president said that economic shocks, which entail a drop in living [...]
Read More >>In New Year’s Speech, Dombrovskis Underscores Completion of Fiscal Consolidation
By admin at 4 January, 2012, 10:45 am
In his speech on New Year’s Eve, Latvian Prime Minister Valdis Dombrovskis underscored that Latvia has overcome the financial crisis and called on people to take part in the upcoming referendum on the official language in Latvia, the Baltic News Service reported. According to the Riga-based newswire, Dombrovskis said that we have a reason to [...]
Read More >>Police Starts Criminal Proceedings Over Situation at Latvian Savings Bank
By admin at 1 December, 2011, 6:37 pm
On November 22, the Latvian State Police started a criminal proceeding over the situation at Latvijas Krājbanka (Latvian Savings Bank), which has suspended provision of all financial services on the orders from the Latvian financial watchdog following troubles at its parent bank, Snoras in Lithuania, the Baltic News Service reported. Laura Pakalne, a spokeswoman for [...]
Read More >>Latvia to Ask Sweden to Help Recover Latvian Savings Bank Money
By admin at 1 December, 2011, 6:36 pm
The Latvian banking regulator, the Finance and Capital Market Commission (FKTK), will ask the Prosecutor General’s Office to seek assistance from the Swedish Economic Crime Authority in recovering Latvijas Krājbanka (Latvian Savings Bank) money that Russian businessman Vladimir Antonov, the ex-owner of Lithuania’s Snoras bank, has probably invested in his projects, FKTK head Irena Krumane [...]
Read More >>Dombrovskis Postpones Visit to Lithuania, Discusses Snoras/Krājbanka By Telephone
By admin at 1 December, 2011, 6:35 pm
Considering the decision of Lithuanian Central bank that was taken in the evening of November 24 to liquidate the nationalized bank Snoras, Prime Minister of Latvia Valdis Dombrovskis postponed his visit to Lithuania on Friday, November 25, when a meeting with Prime Minister of Lithuania Andrius Kubilius was scheduled. On the morning of November 25, [...]
Read More >>Saeima Unanimously Supports Candidate for Head of Anti-Corruption Bureau
By admin at 22 November, 2011, 5:28 pm
On November 17, the Latvian parliament approved Jaroslavs Streļčenoks as the new head of the Corruption Prevention and Combating Bureau (KNAB), the Baltic News Service reported. According to the Rīga-based newswire, the decision was made with 92 votes, and there were no votes against and no abstentions. The parliament greeted the new KNAB head with [...]
Read More >>President Bērziņš Calls for Broader Coalition, Nominates Valdis Dombrovskis
By admin at 25 October, 2011, 9:40 am
President of Latvia Andris Bērziņš met on October 19 with representatives of the reform and rule of law coalition – Valdis Dombrovskis, Valdis Zatlers, and Raivis Dzintars. They confirmed to the President that the model for the emerging governing coalition (50+6) has been preserved and that it is not possible to expand the coalition by [...]
Read More >>Āboltiņa Becomes Second Speaker in Latvian History Re-elected for a Second Term
By admin at 25 October, 2011, 9:38 am
On Tuesday, October 18, Solvita Āboltiņa was elected as the Speaker of the 11th Saeima; thus she has become the second Speaker of the Saeima in the history of Latvia who has been re-elected as Speaker after the election of a new parliament, reported the Saeima Chancellery press service. By a secret ballot, 51 MPs [...]
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