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Political news in Riga

Today 04:30Latvia: a banking scandal on the Baltic    ( Financial Times )
After independence, Riga set out to regain its centuries-old position as the Baltic's leading financial and trading hub. Mr Aslund recalls that its first central bank governor, Einars Repse, had a vision of a Baltic Switzerland. Swedish banks bought heavily into Latvia's market for resident customers.
Yesterday 18:45Troubled Latvian bank faces ECB deadline to avoid closure    ( Thomson Reuters Foundation )
RIGA, Feb 22 (Reuters) - The European Central Bank has set a deadline of Friday for Latvia's third-largest bank to plug a financing hole, the country's finance minister said, as the Baltic state faced its worst financial difficulties in almost a decade. Earlier, ABLV said it had asked for a 480 million euro ...
Yesterday 17:00News in Brief    ( Guilfordian )
Latvia's central bank is experiencing a crisis under several corruption charges against its head. “I have taken the decision not to resign,”said Ilmars Rimsevics, the Bank of Latvia's Governor and Representative of the European Central Bank to reporters in Riga. “I am not guilty.” According to Bloomberg ...
Yesterday 17:00Baltic states' foreign ministers to meet US Secretary of State Tillerson    ( ERR News )
Rinkēvičs made the announcement at a joint press conference with the U.S. Deputy Secretary of State, John Sullivan in Riga. Also, President Kersti Kaljulaid will be joining Latvian President Raimonds Vējonis and Lithuanian President Dalia Grybauskaitė for a meeting with U.S. President Donald Trump ...
Yesterday 15:45US official underlines concerns on money laundering in Latvia    ( Yahoo Finance UK )
"Money laundering is a concern to the United States as it affects a NATO ally in Latvia," Deputy Secretary of State John J. Sullivan told journalists in Riga. "It's a sanction that indicates the seriousness with which the United States takes money laundering, particularly money laundering as described in the ...
Yesterday 13:30Scandal-hit Latvian central bank governor won't quit over bribery allegations    ( The National )
Ilmars Rimsevics, governor of the Bank of Latvia, pauses during a Bloomberg Television interview in Riga, Latvia, on Thursday, Feb. 22, 2018. Rimsevics said he's never been offered a bribe but there's been a "hint" of one and that he regrets not reporting it. Photographer: Roni Rekomaa/Bloomberg.
Yesterday 04:00Latvian scandal exposes weakness in European oversight    ( Laredo Morning Times )
A corruption scandal rocking euro member state Latvia underscores the limits of Europe's banking supervision and is likely to lead to reforms, experts said Thursday. Latvia, which is one of the 19 countries using the euro, has launched an investigation into corruption against its top banking chief, Ilmars ...
Yesterday 02:10US diplomat affirms ties with Latvia    ( Xinhua )
RIGA, Feb. 22 (Xinhua) -- Relations between Latvia and the Unites States are good and both sides are preparing for a summit between Baltic leaders and U.S President Donal Trump, U.S. Deputy Secretary of State John Sullivan said here on Thursday. Sullivan is so far the highest-ranking official of the ...
Yesterday 00:15Embattled Latvian Central Bank Governor Reiterates He Won't Quit    (Legal Gambling News (press release))
Latvian Banking Crisis is a Problem for the European Union - Legal Gambling News (press release)
02/22/2018 18:15Latvian official misses ECB meeting as investigation deepens    (Baltic Times)
Further efforts towards perfecting public and finance sectors are needed - Latvian president - Baltic Times
02/22/2018 15:45Latvia central banker may skip ECB meet amid calls to quit    ( gulfnews.com )
“The reputation of the state and the financial sector is very important and in these conditions the right decision would be for the president of the Latvian central bank to step down,” he told reporters in Riga on Wednesday. The corruption allegations have provoked a deepening crisis in the European ...
02/22/2018 15:45US official underlines concerns on money laundering in Latvia    ( Reuters )
FRANKFURT (Reuters) - The United States is concerned about money laundering which affects Latvia, a U.S. official said on Thursday, adding that it was working closely ... U.S. Deputy Secretary of State John J. Sullivan listens to the media during a news conference in Riga, Latvia February 22, 2018.
02/22/2018 08:40Latvia must improve efforts to tackle corruption - president    ( Thomson Reuters Foundation )
RIGA, Feb 21 (Reuters) - Latvian President Raimonds Vejonis said on Wednesday his country must improve its efforts to tackle money-laundering and other forms of corruption, following a series of allegations that have rocked the small Baltic state's financial sector. "Several separate events in the last ...
02/22/2018 02:30Latvia must improve efforts to tackle corruption - president    ( Reuters )
RIGA, Feb 21 (Reuters) - Latvian President Raimonds Vejonis said on Wednesday his country must improve its efforts to tackle money-laundering and other forms of corruption, following a series of allegations that have rocked the small Baltic state's financial sector. “Several separate events in the last ...
02/21/2018 23:15Latvian defence ministry says corruption claims may be disinformation campaign    ( Channel NewsAsia )
RIGA: Corruption allegations that led to the suspension of Latvia's central bank governor on Tuesday may be part of a disinformation campaign aimed at damaging trust in the country and influencing October elections, its Defence Ministry said. It did not say who might be behind what it called a "massive ...
02/21/2018 21:15Draghi Musters ECB Gathering in Shadows of a Latvian Scandal    ( BloombergQuint )
Latvia -- 0.2 percent of the euro-area economy and 0.6 percent of the bloc's population -- is the week's hot topic as ECB President Mario Draghi chairs one of the Governing Council's regular meetings in Frankfurt. The detention on ... This year's event is scheduled for June -- in Riga, the Latvian capital.
02/21/2018 18:50RPT-UPDATE 5-Latvian defence ministry says corruption claims may be disinformation campaign    ( Reuters )
RIGA, Feb 20 (Reuters) - Corruption allegations that led to the suspension of Latvia's central bank governor on Tuesday may be part of a disinformation campaign aimed at damaging trust in the country and influencing October elections, its Defence Ministry said. It did not say who might be behind what it ...
02/21/2018 17:35US says has "full confidence" in Latvia to handle banking storm    ( Reuters )
RIGA, Feb 21 (Reuters) - The United States said it has full confidence in Latvia's ability to deal with a string of corruption claims and counter-claims that have rocked the financial sector of the Baltic euro zone state. Latvia's defence ministry said on Tuesday the allegations, which briefly led to the detention ...
02/21/2018 15:20Latvian PM cannot rule out allegations against central bank governor aimed at discrediting ...    ( Business Insider )
Latvia's Prime Minister Maris Kucinskis holds a joint news conference with Japan's PM Shinzo Abe, in Riga Thomson Reuters RIGA (Reuters) - Latvian Prime Minister Maris Kucinskis said on Tuesday that he could not rule out the fact that allegations the head of the central bank had solicited a bribe were ...
02/21/2018 14:20Latvian Premier Says Norvik Banka Seeks to Hurt Country's Image    ( BloombergQuint )
"There is reason to think that this is more likely Norvik Bank's and Mr. Guselnikov's attempt to harm the state's image," Kucinskis told reporters in Riga, saying that Norvik Banka hadn't submitted evidence to any authorities in Latvia. "Anyone can submit legal evidence or turn to the relevant authorities and ...

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