BALTIC NEWS Recommended reading from the Baltic states

9Dec/110

CSA to mull over disciplinary action against Kveps for conflict of interest in favour of TM security

BNN: Baltic News Network (bnn-news.com) published on December 6th, 2011 the following article which refers to pietiek.com:

What do some banks have in common with some attorneys? You can trust neither of them. In the banking business we see this in Krajbanka collapse, dragging down also the bank’s professional reputation. The portal www.pietiek.com informs about another case, which could lead to a similar outcome, but in the profession of an attorney.

Latvian Council of Sworn Advocates (CSA) will decide on Tuesday, December 6, whether to launch a disciplinary action against the sworn attorney Martins Kveps. The case could round up with Kveps being excluded from the circles of sworn attorneys, CSA Chairwoman Guna Kaminksa told Pietiek.com.

9Dec/11Off

TM security wrapped in falsifications, forgeries and lies

The Baltic news Network (bnn-news.com) reports on December 7th 2011:

BNN received an e-mail the other day: “Dear Sirs! To me BNN is like a tribune. A tribune that asks the questions some influential people would rather not reveal to the general public. Some of the questions asked cover the so called “transit wars”. I am deeply concerned about the upcoming “assault” of an enterprise that so far courageously held off the “Ventspils Commandant”. I would appreciate if you would kindly publish my opinion on this matter.” BNN kindly does what our reader asks.

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29Jul/11Off

BNN reports about questional methods of VITOL

On July 29th, 2011 BNN reports in an article the press release of Latvijas Naftas Tranzits with the title "Vitol’s questionable methods manipulated the outcome of the Ventspils Nafta ("VN") Shareholders' Meeting"

Read the full article about VITOL in Baltic News Network.

Filed under: BNN Comments Off
9Jun/110

BNN today: BATL – Ventspils Free Port lobbies its companies instead of Latvia’s interests

The Baltic News Network published the following article on June 9th, 2011.

The Baltic Association of Transport and Logistics (BATL) warns Ventspils Free port administration’s activities against AS Ventspils Grain Terminal clearly suggest once more the changes are necessary within Ventspils Free port administration.

14Feb/110

LITASCO – new facts

News facts around LITASCO came up today, when media-reading published an article about the possible involvement in the Zambia oil corruption case.

You may read the articles in media-reading - or go to the source directly:

There are several news sources which make it obviouse, that LUKOIL daughter company LITASCO has tried to influence a tender in Zambia in LITASCO's favor.

12Feb/110

Rudolf Meroni: LITASCO gives in and …

In their article dated February 11th, 2011, the Baltic News Network reports, that finally LITASCO decided to give in. Dr. Rudolf Meroni - the chairman of the supervisory board of AS Ventbunkers is only partly relieved. There were also reports on LITASCO in balticswww and in media-reading.

BNN reports, that Uldis Augulis who is the latvian Minister of Transport has called LITASCO and Ventbunkers to a meeting to resolve the current situation - the blocked Ventbunkers terminal and the blocked latvian railway system. LITASCO was represented by Mr. Andrey Polyakov.

3Feb/110

LITASCO begins misleading propaganda

In their article dated Febuary 3rd, 2011 - the Baltic Course reports on LITASCO's strange behaviour in their conflict with AS Ventbunkers. LITASCO - a daughter company of russian LUKOIL used to be the major client of AS Ventbunkers.

31Jan/110

Retail trade turnover falls 2.2% last year

Retail trade turnover in LatviaAs BNN-news.com reports on January 28th, 2011, retail trade turnover at constant prices dropped 2.2% in 2010, compared to the previous year, including companies trading food products – by 5.3%, but non-food products – by 0.4%.

According to the seasonally adjusted data at constant prices, December 2010 (excluding the pre-celebration shopping) the total retail trade turnover decreased by 1.4%, compared to November. The retail trade of non-food products declined by 1.9%, but the retail trade of food products plummeted 1.2%, the Central Statistical Bureau indicates.

Read the full article in bnn-news.com. There is also a latvian version available of this article.

Filed under: Economy No Comments
31Jan/110

Ventbunkers in negotiations with LITASCO

AS Ventbunkers

AS Ventbunkers

On January 28th, 2011 - the AS Ventbunkers press service published a press release about the current situation with the AS Ventbunkers client LITASCO.

As the press release expresses, the terminals of Ventbunkers are currently blocked by LITASCO. This, by not taking over their oil from the Ventbunkers terminals and thus blocking the terminals.

This situation is now ongoing since christmas last year - and costs Ventbunkers millions every day. A loss in turnover and profit which will be difficult to compensate during 2011.

31Jan/110

Rudolf Meroni in LETA article (TM Security)

Dr. Rudolf Meroni / AS Ventbunkers

Dr. Rudolf Meroni / AS Ventbunkers

In their article published on January 30th, 2011 - Kārlis Lithens LETA and Aija Rutka LETA describe the current situation around the latvian security company "TM Security".

TM Security was involved in several fights about access to premises of AS Ventbunkers - where they claimed to be hired for security - which turned out to be untrue.

The security company's armed guards tried to prevent AS Ventbunkers officials (management board and supervisory board members) from entering their own offices (!!!). Incredible situation.

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