A week in Lithuania: Lithuania is experiencing a serious cyber attack, the president met with King Felipe VI of Spain
Revolut Bank got the green light to raise capital in its first week after 460 new cases of COVID-19 and one death were reported on Wednesday.
The insolvent bank Snoras will recover 105 million from Swiss Julius Baer.
Insolvency administrator of the bankrupt Lithuanian bank Snorus and the Swiss bank Julius Baer & Co. Ltd. went to court over financial transactions, the resolution of the dispute involved managers and shareholders of Snorrus when they transferred large sums of money to foreign banks. According to the signed contract, Julius Baer & Co Ltd will pay Snor 105 million. euros, on Friday, July 1, the bank reported. “Snoro” administrator Gintaras Adomonis said that this amicable agreement ends the most important stage of the bank’s bankruptcy process.
Border guards returned six illegal migrants at the border with Belarus
On Thursday, June 30, Lithuanian border guards returned six migrants who are trying to illegally enter the country from Belarus on Friday, July 1, the State Border Guard Service (VSAT) reported. Since last August, Lithuanian border guards have returned more than 10,300 people to Belarus. However, this number includes repeated attempts by those individuals to cross the border. Last year, about 4,200 illegal immigrants entered Lithuania illegally from Belarus.
The President met with the King of Spain, Felipe VI
President of Lithuania Kitanas Nausėda met with King Felipe VI of Spain on Thursday, June 30, while the president was attending the NATO summit in Madrid, the Presidential News Service reported. The meeting discussed bilateral relations between Lithuania and Spain and their development prospects, as well as Russia’s military aggression in Ukraine and its consequences for European security. Lithuania thanked Spain for its constant contribution to strengthening the security of Lithuania and the Baltic region, especially for NATO in the air police mission of the Baltic countries. The President invited King Felipe VI to come to Lithuania on the occasion of the centenary of the establishment of diplomatic relations between Lithuania and Spain.
Revolut Bank gets green light to raise capital
Revolut Bank received permission to increase the authorized capital from 5.5 million EUR to 36.8 million euros, on Friday, July 1, the Central Bank of Lithuania reported. The Financial Market Supervisory Board of the Central Bank, after evaluating the application and the information provided by Revolut Bank, made a decision to allow the registration of the amendment to the bank’s articles of association regarding the increase of the authorized capital. From July, Revolut Bank will also start offering services previously provided by another group’s e-money company, Revolut Payments.
In the last six months, Lithuania has attracted 15 new ones
Lithuania attracted 15 new foreign investors in the first half of the year, 16 have development plans, the Lithuanian foreign investment promotion agency “Invest in Lithuania” reported on Thursday, the 30th. The new investments attracted in six months will create more than 3,000 jobs, which shows that Lithuania is competitive in attracting foreign investments, said the head of the agency, Elijes civilis.
On January 13, the Supreme Court rejected the appeals of those convicted in the case, reducing the sentence by one
On Thursday, June 30, the Supreme Court of Lithuania rejected the appeals of the group of persons convicted in the January 13th case, upholding their convictions, but shortening the prison sentence of one of them – Jurijs Melis. The court reduced the sentence of the Soviet tank commander Mel during the events of January 1991 and reduced the sentence from ten to nine years. The decision of the Supreme Court is final and binding. A total of 13 appeals were filed in this case. All of them were imprisoned.
The Lithuanian Guard cancels all licenses of “Inter RAO Lietuva”.
The Lithuanian State Energy Regulatory Council (VERT) on Thursday revoked the electricity export, import and independent supplier license from the Russian energy company Inter RAO Group Inter RAO Lietuva, VERT reported on Thursday, June 30. The decision to cancel the suspended import and independent supplier licenses at the end of May was made after the company had until June 26. did not report to the monitor about his financial ability to continue and was released because he was still on the list. Financial Crimes Investigation Service of Lithuanian companies that are subject to Western sanctions against Russia and its oligarchs.
A German company opens a service center for military vehicles
Germany’s Rheinmetall and Krauss-Maffei Wegmann opened a Lithuanian Defense Services (LDS) service center for military vehicles in the central city of Jonava on Wednesday, June 29. The center will provide logistics and maintenance services for Lithuania and its combat vehicles. reported NATO allies, the Ministry of National Defense and the Lithuanian army.
460 new cases of Covid-19, one death were registered in Lithuania
On Tuesday, June 28, 460 new coronavirus infections and one death from COVID-19 were registered in Lithuania, the National Public Health Center NVSC reported on Wednesday, June 29. Of the new cases, 378 were primary and 82 were secondary. The total number of confirmed Covid-19 patients, including two ICU patients, now stands at 66. The 14-day rate of primary infection rose to 122.8 per 100,000 people, and the seven-day positive test rate rose to 31%. More than 1 million people in Lithuania were infected with Covid-19 at least once.
Lithuania’s June inflation was estimated at 20.5 percent
Lithuania’s annual inflation reached 20.5 percent in June, the statistics department of the country’s statistical service announced on Wednesday (June 29). The annual inflation was mainly caused by the price increase of food and non-alcoholic beverages, housing, water, electricity, gas and other fuel goods and services, transport goods and services. The estimated monthly price change in June for consumers compared to May amounted to 2.2 percent.
Lithuania was hit by a serious cyber attack
The cyber attack that took place on Monday, June 27 disrupted the activities of some state institutions and businesses in Lithuania. Officials say the major incidents have now been brought under control, but warn that attacks may continue. According to the National Cyber Security Center, the targets of serious cyber attacks are the Secure National Data Transmission Network and other Lithuanian government institutions and private businesses. A group calling itself Killnet and with cyber ties to Russia claimed responsibility for the attack. On her Telegram account, she regularly posts information about planned and ongoing Distributed Denial of Service (DDoS) attacks.