Archive for the Category ‘TOP NEWS’

Who was bribed?

Who was bribed?

TALLINN — The guilty verdict in the Valdeko Sibul trial leaves an unresolved question — who on the Tallinn City Council accepted his bribes? 58-year old Valdeko Sibul was found guilty of bribing a public official on Aug. 16, but the prosecutor’s office remains unable to find out which officials were accepting his bribes. Sibul […]

Ušakovs: PLL, Harmony Center coalition feasible

Ušakovs: PLL, Harmony Center coalition feasible

RIGA — Should Harmony Center win Latvia’s fall parliamentary election as polls are indicating it might, who would it form a coalition with? Given that no party is projected to come close to winning half the Saeima’s 100 seats, a coalition government is a forgone conclusion. During an interview Monday on the LNT morning news […]

Drug lab worth millions busted in Tallinn

Drug lab worth millions busted in Tallinn

TALLINN — Estonia’s Police and Border Guard announced Thursday that a drug laboratory in Tallinn where large quantities of amphetamine and GHB were produced was busted earlier this week. Three people, an 18-year old named Anatoli, a 40-year old named Ruslan and one juvenile girl were detained Monday for illegally dealing with narcotic substances. Anatoli […]

Oil exec arrested for €8.7 mln theft

Oil exec arrested for €8.7 mln theft

KLAIPĖDA, Lithuania — The general director and procurement department manager of a Lithuanian oil transport company Naftos Grupė were arrested by police on Thursday under suspicion of embezzling 30 million litai (€8.7 million) via fraudulent sales. Naftos Grupė General Director Antanas Urbutis will be held in police custody for at least one month and Chief […]

What is killing the Baltic states seagulls?

What is killing the Baltic states seagulls?

TALLINN — The cause of death of hundreds of seagulls found on the northern coast of Estonia at the end of last month remains a mystery. The Estonian Environmental Inspectorate found more than 200 dead seagulls on the northern coast from Muuga Harbor to Salmistu, which is about 100 km out of Tallinn. Inspectorate spokesman […]

Are Estonia’s bakeries an illegal cartel?

Are Estonia’s bakeries an illegal cartel?

TALLINN — The Estonian Association of Bakeries’ statement last Friday that an increase of bread prices is inevitable is being answered with a criminal investigation of cartel agreement by authorities. The state prosecutor’s office announced Monday that a criminal investigation was initiated to investigate the alleged anti-competitive pricing agreements by bakeries in the Baltic state. […]

Lembergs family bank accounts leaked

Lembergs family bank accounts leaked

RIGA – Publication of bank account documents that allegedly belong to the son and daughter of Ventpsils Mayor Aivars Lembergs has enlivened the already boisterous pre-election mood in Latvia. The documents, published on the Internet portal www.rokasgramata.com show two very lively personal accounts that have seen millions of dollars pass through them over the period […]

Former govt off the hook on Parex takeover

Former govt off the hook on Parex takeover

RIGA — Latvia’s prosecutor general announced Tuesday that the criminal investigation against the state officials for possible misconduct during the nationalization of Parex Bank will be dropped after nearly one year. The prosecutor general’s office said that it did not find any indications that decisions on the nationalization of the bank were made for any […]

World Bank praises Latvia

World Bank praises Latvia

RIGA — It appears Latvia’s international creditors are playing good cop, bad cop with the troubled Baltic state. While the International Monetary Fund is unwavering in pressing Latvia for additional cuts, saying on Friday that current plans are not going far enough to consolidate the country’s finances, the World Bank praised the Baltic state for […]

IMF keeps hard line on Latvian budget

IMF keeps hard line on Latvian budget

RIGA — Is Latvia doing enough to cut its budget deficit? Austerity is never popular, especially in an election year. While the Dombrovskis government is promising no public sector wage cuts in the 2011 budget ahead of the vote this fall, the International Monetary Fund is adamant that the country needs additional fiscal consolidation. Latvia […]

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