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	<title>Baltic NEWS in UK</title>
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	<description>The Latest News from and around the Baltic Region brought to the UK to bring awareness and encourage International Business Development, Investment &#38; Trade.</description>
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		<title>Vytautas Magnus University Refreshes Lithuanian Heritage</title>
		<link>http://www.balticnews.co.uk/vytautas-magnus-university-refreshes-lithuanian-heritage/111395</link>
		<comments>http://www.balticnews.co.uk/vytautas-magnus-university-refreshes-lithuanian-heritage/111395#comments</comments>
		<pubDate>Wed, 22 Feb 2012 14:56:33 +0000</pubDate>
		<dc:creator>Sergio - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Latvia News]]></category>
		<category><![CDATA[egidijus aleksandravičius]]></category>
		<category><![CDATA[kaunas]]></category>
		<category><![CDATA[lithuania news]]></category>
		<category><![CDATA[lithuanian emigration institute]]></category>
		<category><![CDATA[vytautas magnus university]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1395</guid>
		<description><![CDATA[16th to 28th July 2012 the Vytautas Magnus University (VMU) in Kaunas, Lithuania will be holding a course entitled ‘Refresh in Lithuania’.  The course is to be aimed at Lithuanians currently living in Lithuania or those who have moved abroad who wish to rediscover a connection to the traditions and heritage of their native country. ‘Refresh in Lithuania is for those who want to feel the pulse of life in Lithuania today, to travel, get to know the academic community of VMU and to find out together what it means to be a Lithuanian in the international community,‘ states the VMU press release regarding the new course. Egidijus Aleksandravičius, director of the Lithuanian Emigration Institute and professor at VMU, first proposed the idea and subsequently the first course of its kind was held in July of 2010. Egidijus Aleksandravičius said of the course, “the way has been paved by many years of observation. Except for Ireland, other attempts by universities to take original courses of action were weak. VMU is the first one to create a course which meets the challenges of distant future and provides a significant common good.” Share on Facebook]]></description>
			<content:encoded><![CDATA[
<p><img class="alignleft" title="Baltic News Vytautas Magnus University Refreshes Lithuanian Heritage" src="http://www.balticnews.co.uk/images4wp/general/lithuanian-flag-baltic-business-news-in-uk.jpg" alt="" width="210" height="139" />16<sup>th</sup> to 28<sup>th</sup> July 2012 the Vytautas Magnus University (VMU) in Kaunas, Lithuania will be holding a course entitled ‘Refresh in Lithuania’.  The course is to be aimed at Lithuanians currently living in Lithuania or those who have moved abroad who wish to rediscover a connection to the traditions and heritage of their native country. ‘Refresh in Lithuania is for those who want to feel the pulse of life in Lithuania today, to travel, get to know the academic community of VMU and to find out together what it means to be a Lithuanian in the international community,‘ states the VMU press release regarding the new course.</p>
<p>Egidijus Aleksandravičius, director of the Lithuanian Emigration Institute and professor at VMU, first proposed the idea and subsequently the first course of its kind was held in July of 2010. Egidijus Aleksandravičius said of the course, “the way has been paved by many years of observation. Except for Ireland, other attempts by universities to take original courses of action were weak. VMU is the first one to create a course which meets the challenges of distant future and provides a significant common good.”</p>
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		<title>World NGO Day Discussions at the House of Commons</title>
		<link>http://www.balticnews.co.uk/world-ngo-day-discussions-at-the-house-of-commons/111386</link>
		<comments>http://www.balticnews.co.uk/world-ngo-day-discussions-at-the-house-of-commons/111386#comments</comments>
		<pubDate>Wed, 15 Feb 2012 12:36:38 +0000</pubDate>
		<dc:creator>Joanna - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Latvia News]]></category>
		<category><![CDATA[Baltic Business News]]></category>
		<category><![CDATA[baltic sea region ngo forum]]></category>
		<category><![CDATA[house of commons]]></category>
		<category><![CDATA[Latvian British Chamber of Commerce]]></category>
		<category><![CDATA[Marcis Liors Skadmanis]]></category>
		<category><![CDATA[mr ian liddell-granger mp]]></category>
		<category><![CDATA[united nations (un) general assembly]]></category>
		<category><![CDATA[world ngo day]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1386</guid>
		<description><![CDATA[Mr Ian Liddell-Granger MP will be holding an introductory meeting to discuss the initiative known as World NGO Day at the House of Commons on the afternoon of 14th March 2012. The vision for this initiative is that the United Nations (UN) General Assembly will pass a resolution establishing a day where the contribution of all NGOs to society throughout the world will be celebrated through local events, global awards and projects that will further enhance their role and develop their capacity to continue their vital activities and contribution. The UN has recognized through much of its work that NGOs are a key partner to ensuring the success of development, relief, education, human rights and conflict prevention schemes that the UN pursues. This day will highlight this contribution and raise the profile of NGOs and all that they do. In order to achieve the adoption of such a resolution the General Assembly requires a considerable degree of development of the concept, lobbying of key decision makers and demonstration of how the concept will work through country, regional and local, events or projects. World NGO Day, an initiative first conceived in 2008 by Marcis Liors Skadmanis COO of the Latvian British [...]]]></description>
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<div class="wp-caption alignleft" style="width: 220px"><img title="Baltic News World NGO Day Meets House of Commons" src="http://www.balticnews.co.uk/images4wp/lbcc/baltic-latvia-news-marcis-liors-skadmanis-sung.jpg" alt="" width="210" height="158" /><p class="wp-caption-text">Ms Sung-Joo Kim (center) and Mr Marcis Liors Skadmanis (right)</p></div>
<p>Mr Ian Liddell-Granger MP will be holding an introductory meeting to discuss the initiative known as World NGO Day at the House of Commons on the afternoon of 14<sup>th</sup> March 2012. The vision for this initiative is that the United Nations (UN) General Assembly will pass a resolution establishing a day where the contribution of all NGOs to society throughout the world will be celebrated through local events, global awards and projects that will further enhance their role and develop their capacity to continue their vital activities and contribution. The UN has recognized through much of its work that NGOs are a key partner to ensuring the success of development, relief, education, human rights and conflict prevention schemes that the UN pursues. This day will highlight this contribution and raise the profile of NGOs and all that they do. In order to achieve the adoption of such a resolution the General Assembly requires a considerable degree of development of the concept, lobbying of key decision makers and demonstration of how the concept will work through country, regional and local, events or projects.</p>
<p>World NGO Day, an initiative first conceived in 2008 by Marcis Liors Skadmanis COO of the Latvian British Chamber of Commerce, was officially accepted as a resolution by members of the Baltic Sea Region NGO Forum in April 2010. The Baltic Sea Region NGO Forum was represented at this event by over 200 civil society organisations from Belarus, Denmark, Estonia, Finland, Germany, Island, Latvia, Lithuania, Poland, Russia, Norway and Sweden.</p>
<p>In April 2011 World NGO<strong> </strong>Day<strong> </strong>initiative carried out a series of discussions with UN representatives who have acknowledged the great potential of the initiative and on 1<sup>st</sup> November 2011 the World NGO Day<strong> </strong>Secretariat was established, having its headquarters in London. The Secretariat has the responsibility to perform the functions necessary to maintain and support the World NGO Day Initiative’s development. On the 18th of November 2011 for the first time in history various NGOs around the globe celebrated the international World NGO Day.</p>
<p>This meeting is to promote this concept to key players in the NGO or Third Sector community in the UK and the UK Government’s focus on the “Big Society” concept has much synergy with the World NGO Day initiative.</p>
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		<title>Baltic Estonian Air Growth Shoots Ahead</title>
		<link>http://www.balticnews.co.uk/baltic-estonian-air-growth-shoots-ahead/111382</link>
		<comments>http://www.balticnews.co.uk/baltic-estonian-air-growth-shoots-ahead/111382#comments</comments>
		<pubDate>Mon, 06 Feb 2012 12:54:34 +0000</pubDate>
		<dc:creator>Simon - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Estonia News]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1382</guid>
		<description><![CDATA[The Estonian Airline giant Estonian Air is at the centre of attention with an over 14% increase in passengers carried at the start of 2012 – January. One key factor to play in this was the flight attendance which no doubt has kept the passengers very happy with figures of over 85 per cent being reported. Estonian Air has more flights to key city destinations such as Brussels and Amsterdam. Estonian Air’s Commercial Manager said,  “We hope that increased frequencies and opening new destinations will improve the connectivity from and via Tallinn. Thus”, R. Parras continued saying,  “ we can offer better product to both business and leisure travellers, which is basis for our further growth”. This type of move can only position better Estonia and  the Baltic States in Europe and  the World. Share on Facebook]]></description>
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<p><img class="alignleft" title="Baltic Estonian Air Growth Shoots Ahead" src="http://www.balticnews.co.uk/images4wp/general/tall-baltics-business-news-in-uk.jpg" alt="" width="150" height="210" /></p>
<p>The Estonian Airline giant Estonian Air is at the centre of attention with an over 14% increase in passengers carried at the start of 2012 – January. One key factor to play in this was the flight attendance which no doubt has kept the passengers very happy with figures of over 85 per cent being reported. Estonian Air has more flights to key city destinations such as Brussels and Amsterdam.</p>
<p>Estonian Air’s Commercial Manager said,  “We hope that increased frequencies and opening new destinations will improve the connectivity from and via Tallinn. Thus”, R. Parras continued saying,  “ we can offer better product to both business and leisure travellers, which is basis for our further growth”.</p>
<p>This type of move can only position better Estonia and  the Baltic States in Europe and  the World.</p>
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		<title>Lithuanian Trade Sector Recovery Indication</title>
		<link>http://www.balticnews.co.uk/lithuanian-trade-sector-recovery-indication/111362</link>
		<comments>http://www.balticnews.co.uk/lithuanian-trade-sector-recovery-indication/111362#comments</comments>
		<pubDate>Sun, 29 Jan 2012 13:31:31 +0000</pubDate>
		<dc:creator>Joanna - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Lithuania News]]></category>
		<category><![CDATA[Baltic Business News]]></category>
		<category><![CDATA[bbn]]></category>
		<category><![CDATA[lithuania business news]]></category>
		<category><![CDATA[lithuania news]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1362</guid>
		<description><![CDATA[Retail trade figures have always been viewed as a good ‘on the ground’ indication of the country’s financial health, if people feel confident and comfortable they spend more. Recent figures have shown a much awaited recovery in Lithuania’s retail trade sector. In 2011 Lithuanian trade figures demonstrated a recovery of 8.8% compared with the numbers for 2010 and 2009. 2009 end of year final figures showed a contraction of 22% with less, but still below expectations of 7% in 2010. The BBN reported this week that last year Lithuania’s total retail trade volume reached LTL 24.2bn. Monthly trade volumes started rising from the beginning of 2011, but the growth rates only went into double figures last August and stayed that way for the rest of the year. During the last three months growth rates averaged 12%. These high rates were mainly maintained by non-food retail where the trade volume rose by nearly 15% in 2011. At the same time, food retail volumes only managed to advance 2.5% during the year as the recovery in the same sector started much later, mid 2011. Share on Facebook]]></description>
			<content:encoded><![CDATA[
<p><img class="alignleft" title="Baltic Business News Lithuanian Trade Sector Recovery Indication" src="http://www.balticnews.co.uk/images4wp/general/drawing-baltics-business-news-in-uk.jpg" alt="" width="210" height="150" />Retail trade figures have always been viewed as a good ‘on the ground’ indication of the country’s financial health, if people feel confident and comfortable they spend more. Recent figures have shown a much awaited recovery in Lithuania’s retail trade sector. In 2011 Lithuanian trade figures demonstrated a recovery of 8.8% compared with the numbers for 2010 and 2009. 2009 end of year final figures showed a contraction of 22% with less, but still below expectations of 7% in 2010.</p>
<p>The BBN reported this week that last year Lithuania’s total retail trade volume reached LTL 24.2bn. Monthly trade volumes started rising from the beginning of 2011, but the growth rates only went into double figures last August and stayed that way for the rest of the year. During the last three months growth rates averaged 12%. These high rates were mainly maintained by non-food retail where the trade volume rose by nearly 15% in 2011. At the same time, food retail volumes only managed to advance 2.5% during the year as the recovery in the same sector started much later, mid 2011.</p>
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		<title>Latvia Bank Mortgage and Land Open for EU Aid</title>
		<link>http://www.balticnews.co.uk/latvia-bank-mortgage-and-land-open-for-eu-aid/111359</link>
		<comments>http://www.balticnews.co.uk/latvia-bank-mortgage-and-land-open-for-eu-aid/111359#comments</comments>
		<pubDate>Thu, 26 Jan 2012 12:24:08 +0000</pubDate>
		<dc:creator>Saleem - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Latvia News]]></category>
		<category><![CDATA[Antitrust Authority]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[european union]]></category>
		<category><![CDATA[latvia business news]]></category>
		<category><![CDATA[MLB]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1359</guid>
		<description><![CDATA[The Latvian Government is back in the scene with the EU’s Antitrust Authority giving a short go-ahead in helping the Mortgage and Land Bank, the question that has arisen is whether this is in accordance with the instructions of the European Union. The help has been provided to allow the bank to transition into a focused development Bank removing from it events of a commercial nature. A regulator (when referring to European Union) said, “needs to gather all the necessary information”, the regulator continued with, “to ensure that the aid granted to MLB’s commercial activities is compatible with the Commission’s state-aid rules on restructuring aid.” The Latvian’s of the Baltic State country are very pleased with this move giving much encouragement to its people. Share on Facebook]]></description>
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<p>The Latvian Government is back in the scene with the EU’s Antitrust Authority giving a short go-ahead in helping the Mortgage and Land Bank, the question that has arisen is whether this is in accordance with the instructions of the European Union. The help has been provided to allow the bank to transition into a focused development Bank removing from it events of a commercial nature.</p>
<p>A regulator (when referring to European Union) said, “needs to gather all the necessary information”, the regulator continued with, “to ensure that the aid granted to MLB’s commercial activities is compatible with the Commission’s state-aid rules on restructuring aid.”</p>
<p>The Latvian’s of the Baltic State country are very pleased with this move giving much encouragement to its people.</p>
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		<title>Turkish Opportunities in the Baltics</title>
		<link>http://www.balticnews.co.uk/turkish-opportunities-in-the-baltics/111354</link>
		<comments>http://www.balticnews.co.uk/turkish-opportunities-in-the-baltics/111354#comments</comments>
		<pubDate>Sun, 22 Jan 2012 14:00:42 +0000</pubDate>
		<dc:creator>Joanna - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Estonia News]]></category>
		<category><![CDATA[Latvia News]]></category>
		<category><![CDATA[Lithuania News]]></category>
		<category><![CDATA[adem kumcu]]></category>
		<category><![CDATA[Baltic Business News]]></category>
		<category><![CDATA[european parliament]]></category>
		<category><![CDATA[european-turkish business confederation (unitee)]]></category>
		<category><![CDATA[kristina ojuland]]></category>
		<category><![CDATA[lelde lice-licite]]></category>
		<category><![CDATA[sandra kalniete]]></category>
		<category><![CDATA[tomas vasilevskis]]></category>
		<category><![CDATA[turkey]]></category>
		<category><![CDATA[tuuli parnsalu]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1354</guid>
		<description><![CDATA[Estonian European Parliament member and former foreign minster of the Baltic nation, Kristina Ojuland will be hosting a conference at the European Parliament on the 31st January 2012 which aims to create a stronger focus on trade and investment opportunities between Turkish entrepreneurs and the Baltic states of Estonia, Latvia and Lithuania. The meeting is the third such event organised by the Brussels-based group The European-Turkish Business Confederation (UNITEE) in their “Entrepreneurs meet Embassies” series. Also present at the meeting will be Baltic representatives; guests of honour the Latvian Ambassador to Belgium Lelde Lice-Licite, Chargé d&#8217;Affaires ad interim at the Estonian Embassy in Belgium Tuuli Parnsalu, Lithuanian Business representation in Belgium head Tomas Vasilevskis and Latvian member of the European Parliament Sandra Kalniete. “After the resounding success of the two most recent events of our Entrepreneurs meet Embassies series, I am confident that exciting new business opportunities are just waiting to be discovered by our entrepreneurs in the Baltic states,” said Adem Kumcu president of UNITEE of the upcoming event. Share on Facebook]]></description>
			<content:encoded><![CDATA[
<p><img class="alignleft" title="Baltic News Turkish Opportunities in the Baltics" src="http://www.balticnews.co.uk/images4wp/general/baltics-map-baltic-business-news-in-uk.jpg" alt="" width="210" height="209" />Estonian European Parliament member and former foreign minster of the Baltic nation, Kristina Ojuland will be hosting a conference at the European Parliament on the 31<sup>st</sup> January 2012 which aims to create a stronger focus on trade and investment opportunities between Turkish entrepreneurs and the Baltic states of Estonia, Latvia and Lithuania. The meeting is the third such event organised by the Brussels-based group The European-Turkish Business Confederation (UNITEE) in their “Entrepreneurs meet Embassies” series.</p>
<p>Also present at the meeting will be Baltic representatives; guests of honour the Latvian Ambassador to Belgium Lelde Lice-Licite, Chargé d&#8217;Affaires ad interim at the Estonian Embassy in Belgium Tuuli Parnsalu, Lithuanian Business representation in Belgium head Tomas Vasilevskis and Latvian member of the European Parliament Sandra Kalniete.</p>
<p>“After the resounding success of the two most recent events of our Entrepreneurs meet Embassies series, I am confident that exciting new business opportunities are just waiting to be discovered by our entrepreneurs in the Baltic states,” said Adem Kumcu president of UNITEE of the upcoming event.</p>
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		<title>Subway Restaurant on the way to Baltic Estonia</title>
		<link>http://www.balticnews.co.uk/subway-restaurant-on-the-way-to-baltic-estonia/111350</link>
		<comments>http://www.balticnews.co.uk/subway-restaurant-on-the-way-to-baltic-estonia/111350#comments</comments>
		<pubDate>Wed, 18 Jan 2012 13:05:27 +0000</pubDate>
		<dc:creator>Simon - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Estonia News]]></category>
		<category><![CDATA[American Restaurant Franchise Chain]]></category>
		<category><![CDATA[subway]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1350</guid>
		<description><![CDATA[The Restaurant Giant Subway is to hit Estonia with its first establishment to open soon. This is great news for the Baltic Country as the American Restaurant Franchise Chain has been a huge success in the UK and no-doubt it will is a huge hit there. The uniqueness of Subway is its flexibility in the sandwiches and with it all being fresh you cannot go wrong. Justin Goes was stated, “The chain expects 20 stores to 25 stores, mainly in the capital Tallinn within seven years”. There are over four hundred Subway Franchise Restaurants in Eastern and Central Europe with three hundred in Russia. Share on Facebook]]></description>
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<p><img class="alignleft" title="Estonia Business News: Subway Opening" src="http://www.balticnews.co.uk/images4wp/general/estonian-flag-baltic-business-news-in-uk.jpg" alt="" width="210" height="139" />The Restaurant Giant Subway is to hit Estonia with its first establishment to open soon. This is great news for the Baltic Country as the American Restaurant Franchise Chain has been a huge success in the UK and no-doubt it will is a huge hit there. The uniqueness of Subway is its flexibility in the sandwiches and with it all being fresh you cannot go wrong. Justin Goes was stated, “The chain expects 20 stores to 25 stores, mainly in the capital Tallinn within seven years”. There are over four hundred Subway Franchise Restaurants in Eastern and Central Europe with three hundred in Russia.</p>
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		<title>Euro Fever is to Strength the Baltic Region</title>
		<link>http://www.balticnews.co.uk/euro-fever-is-to-strength-the-baltic-region/111347</link>
		<comments>http://www.balticnews.co.uk/euro-fever-is-to-strength-the-baltic-region/111347#comments</comments>
		<pubDate>Fri, 13 Jan 2012 14:44:55 +0000</pubDate>
		<dc:creator>Simon - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Lithuania News]]></category>
		<category><![CDATA[euro zone]]></category>
		<category><![CDATA[finance minister]]></category>
		<category><![CDATA[Ingrida Simonyte]]></category>
		<category><![CDATA[lithuania]]></category>
		<category><![CDATA[lithuania news]]></category>
		<category><![CDATA[Maastricht Criteria]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1347</guid>
		<description><![CDATA[Euro Fever is to hit Lithuania. The government of Lithuania is still keen to take up the euro, the finance minister Ingrida Simonyte said, &#8220;I base my belief on the experience of Estonia and I definitely think that investors took the fact that Estonia is in the euro zone as a positive step despite what is happening in the euro zone.&#8221; This type of information can only help the country and the Baltic Region with an expected target of entry for Lithuania into the euro year 2014. The move would join Latvia who already is a participator since the year 2011. Lithuania has reduced its estimate for inflation in 2012 from 3.5% to 2.5% bringing it nearer to the Maastricht Criteria. Share on Facebook]]></description>
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<p>Euro Fever is to hit Lithuania. The government of Lithuania is still keen to take up the euro, the finance minister Ingrida Simonyte said, &#8220;I base my belief on the experience of Estonia and I definitely think that investors took the fact that Estonia is in the euro zone as a positive step despite what is happening in the euro zone.&#8221;</p>
<p>This type of information can only help the country and the Baltic Region with an expected target of entry for Lithuania into the euro year 2014. The move would join Latvia who already is a participator since the year 2011.</p>
<p>Lithuania has reduced its estimate for inflation in 2012 from 3.5% to 2.5% bringing it nearer to the Maastricht Criteria.</p>
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		<title>Kristaps Zakulis New Head of Latvian Banking Regulator</title>
		<link>http://www.balticnews.co.uk/kristaps-zakulis-new-head-of-latvian-banking-regulator/111318</link>
		<comments>http://www.balticnews.co.uk/kristaps-zakulis-new-head-of-latvian-banking-regulator/111318#comments</comments>
		<pubDate>Thu, 12 Jan 2012 14:23:41 +0000</pubDate>
		<dc:creator>Joanna - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Latvia News]]></category>
		<category><![CDATA[Baltic Business News]]></category>
		<category><![CDATA[irena krumane]]></category>
		<category><![CDATA[kristaps zakulis]]></category>
		<category><![CDATA[latvia business news]]></category>
		<category><![CDATA[latvijas krajbanka as]]></category>
		<category><![CDATA[sia lattelcom]]></category>
		<category><![CDATA[swedbank]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1318</guid>
		<description><![CDATA[Kristaps Zakulis was confirmed today as the new head of Latvia’s Financial and Capital Market Commission. The decision was made by Latvia’s parliament with a vote of 73 to 3 with 17 abstaining. The news will bring new confidence within Latvia’s banking sector after the upset caused by the resignation of Irena Krumane, the former director of the regulator on the 28th November 2011 after the suspension of Latvia’s sixth largest deposit bank, Latvijas Krajbanka AS on the 21st November due to accusations of missing monies totalling some LVL 109 million. Kristaps Zakulis was previously head of security for the state owned telecommunications company SIA Lattelcom and Swedbank. Share on Facebook]]></description>
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<p><img class="alignleft" title="Baltic-Business-News-New-Head-Of-Latvian-Banking-Sector" src="http://www.balticnews.co.uk/images4wp/general/latvian-flag-baltic-business-news-in-uk.jpg" alt="" width="210" height="139" />Kristaps Zakulis was confirmed today as the new head of Latvia’s Financial and Capital Market Commission.</p>
<p>The decision was made by Latvia’s parliament with a vote of 73 to 3 with 17 abstaining. The news will bring new confidence within Latvia’s banking sector after the upset caused by the resignation of Irena Krumane, the former director of the regulator on the 28<sup>th</sup> November 2011 after the suspension of Latvia’s sixth largest deposit bank, Latvijas Krajbanka AS on the 21<sup>st</sup> November due to accusations of missing monies totalling some LVL 109 million.</p>
<p>Kristaps Zakulis was previously head of security for the state owned telecommunications company SIA Lattelcom and Swedbank.</p>
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		<title>Estonia Natural Gas</title>
		<link>http://www.balticnews.co.uk/estonia-natural-gas/111293</link>
		<comments>http://www.balticnews.co.uk/estonia-natural-gas/111293#comments</comments>
		<pubDate>Sat, 07 Jan 2012 16:15:21 +0000</pubDate>
		<dc:creator>Simon - Baltic NEWS in UK</dc:creator>
				<category><![CDATA[Baltic News]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Estonia News]]></category>
		<category><![CDATA[Eesti Gaas]]></category>
		<category><![CDATA[natural gas]]></category>
		<category><![CDATA[OAO Gazprom]]></category>
		<category><![CDATA[Raul Kotov]]></category>
		<category><![CDATA[russia]]></category>
		<category><![CDATA[Unbundling Bill]]></category>

		<guid isPermaLink="false">http://www.balticnews.co.uk/?p=1293</guid>
		<description><![CDATA[Natural Gas is on the up in Estonia with its Cabinet giving the go-ahead for the Unbundling Bill of Natural Gas. This news has brought immense confidence to the region and of course the Baltic State Country. This is expected to happen by the year 2015 and is intended to separate the Transmission and Sales of Natural Gas and cut dependence on OAO Gazprom –Russia. Additionally the move would ban the owners of the transmission unit of AS Eesti Gaas from having Sales Activities and Gas Production. Eesti Gaas  said, “The government is wrong in saying that Eesti Gaas ownership of transmission pipes is an obstacle to developing the market,” Raul Kotov a Management Board Member said in an e-mailed response to Bloomberg questions. “The Competition Board has never made any complaints about restrictions to use of our grid or that someone can’t join it&#8221;. I expect discussions will continue on this matter. Share on Facebook]]></description>
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<p><img class="alignleft" title="Estonia News Natural Gas" src="http://www.balticnews.co.uk/images4wp/general/drawing-baltics-business-news-in-uk.jpg" alt="" width="210" height="150" />Natural Gas is on the up in Estonia with its Cabinet giving the go-ahead for the Unbundling Bill of Natural Gas. This news has brought immense confidence to the region and of course the Baltic State Country. This is expected to happen by the year 2015 and is intended to separate the Transmission and Sales of Natural Gas and cut dependence on OAO Gazprom –Russia. Additionally the move would ban the owners of the transmission unit of AS Eesti Gaas from having Sales Activities and Gas Production.</p>
<p>Eesti Gaas  said, “The government is wrong in saying that Eesti Gaas ownership of transmission pipes is an obstacle to developing the market,” Raul Kotov a Management Board Member said in an e-mailed response to Bloomberg questions. “The Competition Board has never made any complaints about restrictions to use of our grid or that someone can’t join it&#8221;. I expect discussions will continue on this matter.</p>
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