Latvia’s Meridian Trade Bank AS is seeking investors after its former Russian parent was sanctioned by the U.S., board member Maija Treija said.
Latvia got its third credit upgrade in three weeks as Fitch Ratings bolstered its assessment, citing prospects for a decline in public debt relative to gross domestic product.
Latvia’s credit rating was raised one step by Standard & Poor’s, which cited the Baltic country’s “strong” economy and improving public finances.
Adelphia Communications Corp. founder John Rigas and his son Timothy, who are in prison for securities fraud, failed to persuade a U.S. judge to dismiss a pending criminal tax case against them.
A federal judge dismissed a six- year-old tax indictment of Adelphia Communications Corp. founder John Rigas and his son Timothy, who are already in prison for looting the company.
A Latvian journalist was shot yesterday in the stairwell of his Riga apartment building by two assailants, Andrejs Sozinovs, chief of the capital’s criminal police, said in an interview with Latvijas Radio.
Ginguro Exploration Inc. will sign an initial agreement with Latvia to gather data for a possible mine the Canadian company said could be a world-class resource.