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Situation in Latvian finance sector creates serious reputation damage - FICIL

RIGA - The current situation in the Latvian finance sector creates a serious reputation damage for the country, the Foreign Investors' Counc...

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Baltic formins to meet Tillerson in March

VILNIUS – The foreign ministers of Lithuania, Latvia and Estonia will meet with United States Secretary of State Rex Tillerson in early Ma...

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Lithuania reiterates non-recognition of Crimea annexation

VILNIUS - Lithuania reiterated on Wednesday its non-recognition of "the illegal occupation and annexation of Crimea" by Russia....

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Estonian govt to move forward with developing Helsinki-Tallinn tunnel

TALLINN – One has to move forward with surveys concerning a potential undersea tunnel between Helsinki and Tallinn as well as the preparat...

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Lithuanian law-enforcement probes possible large-scale corruption at Santaros hospital

VILNIUS - Lithuanian law-enforcement officials said on Wednesday they they were conducting an investigation into suspected large-scale corruptio...

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Four Latvian citizens held on suspicions of recruiting

RIGA - Five people, including four Latvian citizens, were detained on suspicions of recruiting the so-called “modern-day slaves” for...

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Bank of Latvia head speaks of death threats and ABLV Bank's role in his detention

RIGA - Bank of Latvia Governor Ilmars Rimsevics, whom the Corruption Prevention Bureau (KNAB) has declared a suspect in a major corruption case,...

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Lithuania broke its promise to Latvia over LNG terminal - former ambassador

VILNIUS - Lithuania in the late 2000s promised Latvia to support its efforts to build a liquefied natural gas terminal near Riga, but broke that...

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Financial watchdog: Latvia's ABLV bank case doesn't affect Estonia

TALLINN – According to the Financial Supervision Authority, Estonian banks are not substantially connected to ABLV Bank, one of Latvia'...

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Bank of Latvia grants EUR 97.5 million loan to ABLV Bank against pledge of securities

RIGA - The Bank of Latvia has granted a EUR 97.5 million loan to ABLV Bank against a pledge of securities, the Latvian central bank said....

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