Kitron ASA: Orders of about NOK 70 million

(2010-06-15) Kitron ASA’s subsidiary Kitron AS in Arendel, Norway, has received new
orders within the Medical equipment segment of about NOK 70 million. Deliveries will
take place in the second half of 2010.

For further information please contact:
Dag Songedal, Managing Director of Kitron AS, tel. +47 91 38 64 68 or e-mail
dag.songedal@kitron.com mailto:dag.songedal@kitron.com

Kitron is one of Scandinavia’s leading companies in development, industrialisation and
manufacturing of electronics for the Data/Telecoms, Defence, Energy, Industry, Medical
equipment and Offshore/Marine sectors. The company is located in Norway, Sweden,
Lithuania, Germany and China. Kitron had a revenue of about NOK 1.7 billion in 2009 and
has about 1,100 employees. www.kitron.com http://www.kitron.com/

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

India among top 10 countries where social stress has increased dating violence

Washington, May 9 (ANI): India is among the top 10 countries that have highest levels of social stress, which has a direct link to increased dating violence, according to new research from the University of New Hampshire.

The research led by Murray Straus, co-director of the UNH Family Research Laboratory and professor of sociology, is based on a 32-nation study.

It shows that Taiwan has the highest level of social stress.

While making a presentation on the study at the conference on “War, Terrorism, and Social Stress: Impacts on Crime and the Criminal Justice System” at the Institute of Criminology, The Hebrew University, Jerusalem, recently, Straus said: “The current economic stress in the United States and around the world is likely to result in more violence, including more physical abuse of children and more violence between partners.”

Studying 14,252 university students from 68 universities in 32 nations in a comprehensive and groundbreaking International Dating Violence Study, he found that the more stress experienced by these students, the greater the probability they had hit a dating, cohabiting, or marital partner.

According to his study, Taiwan has the highest levels of social stress, followed by South Korea and China. The United States ranked 12th out of the 32 nations studied for social stress.

The Netherlands was found to have the lowest levels of social stress.

When looking at rates of assault, Iran had the highest overall assault rate and Taiwan had the highest rate of severe assaults.

Top 10 countries with the highest stressful conditions are:

1. Taiwan

2. South Korea

3. China

4. Russia

5. Tanzania

6. South Africa

7. Hong Kong

8. Japan

9. Lithuania

10. India (ANI)

Latvia still tops EU on inflation despite downward trend

Riga – Annual inflation in Latvia dipped from 9.6 per cent in February to 8.2 per cent in March, according to figures released Wednesday by the Latvian national statistics office.

Despite the drop Latvia retains the highest inflation rate in the European Union, hampering efforts by the government of Valdis Dombrovskis to balance the books in the recession-hit Baltic state where GDP is expected to contract by 13 per cent in 2009.

Data also released Wednesday in neighbouring Lithuania, which like Latvia is seeing savage cuts in public spending as part of its own austerity programme, showed that inflation fell from 8.7 per cent year-on-year in February to 7.7 per cent in March.

Danske Bank’s senior Baltic analyst, Violeta Klyviene, said the fall was “as broadly expected,” though the impact of rises in duty on tobacco and higher public transport fares was less than anticipated.

“GDP contraction could reach an average of 10 per cent this year, especially taking into account expected fiscal tightening which is in the pipeline,” Klyviene said.

Inflation figures for both Latvia and Lithuania remain higher than in the third Baltic state, Estonia.

Figures released on Tuesday revealed Estonian annual inflation now stands at 2 per cent.

Most analysts agree that all three Baltic states will find deflation more of a problem than inflation by the end of 2009 as consumer demand evaporates and unemployment rises sharply.(dpa)

EBRD to buy one quarter of Latvia’s Parex Bank

Riga – The European Bank of Reconstruction and Development (EBRD) confirmed Tuesday that it will buy a quarter stake in nationalised Latvian bank Parex.

The EBRD said it would acquire “25 per cent plus 1″ of ordinary shares of Parex Bank for 84.2 million euros (111 million dollars) and extend a “subordinated loan” of 22 million euros (29 million dollars).

In the statement, the EBRD said the deal was subject to “the conclusion of legal documentation.”

The investment would be an opportunity for the EBRD to contribute to the restructuring of Parex and “support the real economy in Latvia,” the organization said.

The statement added that the EBRD supports the future return of Parex to the private sector.

“Our involvement would contribute to a return in confidence in the bank and in Latvia’s financial sector generally,” said the EBRD’s Varel Freeman, who had signalled the EBRD’s readiness to invest in Parex during a visit to Latvia in March.

Parex Bank last week reported net losses of 232 million dollars for 2008.

Parex remains the largest home-grown bank in a Baltic banking scene dominated by Scandinavian financial groups. Its near-collapse shocked the region after it had spent years as a high-flying bank with an ability to attract sizeable deposits from rich Russians as well as local clients.

Founders Valery Kargin and Viktor Krasovickis sold their 85 per cent stake to the Latvian state for just 1 lat (1.80 dollars) each.

Prominent local businessman Nils Melngailis was put in charge and has so far proved effective in improving Parex’s prospects by striking revised deals with syndicated lenders and helping to get the EBRD on board.

The EBRD has invested in various other businesses in the Baltic region and already owns a minority stake in Lithuania’s Siauliu Bank. (dpa)

European commercial vehicle sales plunge

Berlin – European new commercial vehicle registrations plunged by a record 38.7 per cent in February, the European car industry association (ACEA) said Wednesday as the global recession hits the automotive industry.

Leading the fall was a dramatic slump in commercial vehicle sales in European nations such as Ireland, Spain and Britain that have borne the brunt of the eocnomic downturn.

Overall new commercial vehicle registrations in Europe dropped to 129,580 vehicles last month.

In Ireland, new commercial vehicle registrations plummeted by 83.3 per cent last month.

The European Union’s new member states in Central Europe were recorded sharp declines in registrations.

February new commercial vehicle registrations were down more than 60 per cent in Bulgaria, Estonia, Latvia and Lithuania.

For the first two months of the year, European new commercial vehicle registrations were down 37.4 per cent compared to the same period in 2008. (dpa)

One in nine people living in UK is foreign born: Report

London, Feb. 25 (ANI): One in every nine persons living is Britain was born abroad. With an increase of 290,000 people from last year, the number of foreign-born people residing in Britain has reached a record 6.5 million, an official estimate revealed.

The figures included 4.1 million foreign nationals living in the country in the year to June 2008, up from 3.8 million in the previous 12 months, according to the Office for National Statistics.

With 619,000 Indians-origin people living in Britain, they became the largest community of foreign-born residents last year, reflecting generations of links with the sub-continent, the Independent reports.

Polish-born residents came second, with 461,000 living in the country, indicating rise in number of people working in Britain after the expansion of the European Union.

Work applications from the eight EU accession countries, which include Poland, Lithuania, Hungary and the Czech Republic, fell to 29,000 in the past three months of 2008, compared to 53,000 in the same period of the previous year. Approved applications from Poland fell from 36,000 to 16,000.

In separate Department for Work and Pensions figures, the number of National Insurance numbers allocated to foreign workers fell sharply to seven per cent in the last 12 months.

The number of short-term migrants coming to Britain for work or study was also down 13 per cent on 2006 levels, indicating how the slump in the economy is affecting the number of people travelling to Britain.

Phil Woolas, the Immigration minister, said the Government’s new points-based immigration system would mean “that during these economic times, when people are losing jobs, people already here have the first crack of the whip at getting work”.

Liberal Democrat Home Affairs spokesman, Chris Huhne, argued, “The sharp decline in economic migrants from eastern Europe is a clear demonstration of how unappealing the recession has made the UK to foreign workers. The national dish is chicken tikka masala, half of London’s nurses are immigrants and both of the last two England cricket captains were born in South Africa.”

Net immigration into Britain has increased sharply since the early 1990s. Overall in 1992, 13,000 more people left Britain than arrived here. However by 2007, the numbers moving to the UK outstripped those leaving by 237,000. (ANI)

One in nine people living in UK is foreign born: Report

London, Feb. 25 (ANI): One in every nine persons living is Britain was born abroad. With an increase of 290,000 people from last year, the number of foreign-born people residing in Britain has reached a record 6.5 million, an official estimate revealed.

The figures included 4.1 million foreign nationals living in the country in the year to June 2008, up from 3.8 million in the previous 12 months, according to the Office for National Statistics.

With 619,000 Indians-origin people living in Britain, they became the largest community of foreign-born residents last year, reflecting generations of links with the sub-continent, the Independent reports.

Polish-born residents came second, with 461,000 living in the country, indicating rise in number of people working in Britain after the expansion of the European Union.

Work applications from the eight EU accession countries, which include Poland, Lithuania, Hungary and the Czech Republic, fell to 29,000 in the past three months of 2008, compared to 53,000 in the same period of the previous year. Approved applications from Poland fell from 36,000 to 16,000.

In separate Department for Work and Pensions figures, the number of National Insurance numbers allocated to foreign workers fell sharply to seven per cent in the last 12 months.

The number of short-term migrants coming to Britain for work or study was also down 13 per cent on 2006 levels, indicating how the slump in the economy is affecting the number of people travelling to Britain.

Phil Woolas, the Immigration minister, said the Government’s new points-based immigration system would mean “that during these economic times, when people are losing jobs, people already here have the first crack of the whip at getting work”.

Liberal Democrat Home Affairs spokesman, Chris Huhne, argued, “The sharp decline in economic migrants from eastern Europe is a clear demonstration of how unappealing the recession has made the UK to foreign workers. The national dish is chicken tikka masala, half of London’s nurses are immigrants and both of the last two England cricket captains were born in South Africa.”

Net immigration into Britain has increased sharply since the early 1990s. Overall in 1992, 13,000 more people left Britain than arrived here. However by 2007, the numbers moving to the UK outstripped those leaving by 237,000. (ANI)

Travellers face cancellations as Lithuanian airline grounded

Travellers face cancellations as Lithuanian airline grounded Vilnius – Lithuania’s national carrier, FlyLAL-Lithuanian Airlines, had its operating certificate revoked Friday over fears that its financial troubles could affect flight safety.

As a result of the move, which was announced by the Lithuanian Civil Aviation Administration (LCAA), all FlyLAL-Lithuanian Airlines flights will be grounded indefinitely from Saturday.

“The certificate has been suspended due to the poor financial condition of FlyLAL,” said Kestutis Auryla of the LCAA.

“There has been no official word yet, but as we understand it there will be no flights,” a FlyLAL employee told Deutsche Presse- Agentur dpa on Friday.

On January 7, the airline’s owners agreed to sell it to industrial holding company SCH Swiss Capital Holding in a deal that was due to be completed by January 23.

It is unclear if the deal will be affected by the decision to ground FlyLAL-Lithuanian Airlines’ fleet of planes.

On Friday hundreds of passengers intending to take flights over the weekend were being directed to the airline’s website but it contained no information about alternative arrangements, raising the possibility that they will be left stranded. dpa

Daniel Craig used ‘Hollywood power’ to save co-star Jamie Bell

Washington, Jan 9 (ANI): James Bond star Daniel Craig put his ‘Hollywood power’ to good use while shooting for new movie ‘Defiance’ – after his co-star Jamie Bell fell ill onset.

The 007 star and Billy Elliot actor were shooting outdoor scenes for the war drama on location in Lithuania when the freezing conditions sent Bell close to hypothermia.

Craig immediately ordered the producers to stop shooting so that Bell could head to his trailer to warm up.

“The conditions were ripe for a bout of, ”I”m not f**king doing this!” but the closest we got was Daniel standing up for me one day in the rain at the end of October, it was absolutely freezing,” Contactmusic quoted Bell, as saying.

“My body started to lose control, going into hypothermic shock, I think. He said, ”We have to stop, he”s starting to freak out and he”s going to die”. He used his Hollywood power for good.

“It”s daft, because you do have to be butch in the presence of Bond, but Daniel has a really good heart and said, ”You need to take a second and then come back”. He”s very much the leader that he portrays in this film,” he added. (ANI)

Craig, Schreiber downed hardcore vodka to beat cold on ‘Defiance’ sets!

Washington, Jan 9 (ANI): James Bond star Daniel Craig and actor Live Schreiber had a rather ‘tipsy’ formula to beat the shivers while shooting new war movie ‘Defiance’ in Lithuania— hardcore vodka.

In a bid to stay warm in the chilling weather, the two actors heavily drank Lithuanian vodka to keep the cold at bay.

“Our secret for staying warm was vodka. We had lots of good Lithuanian vodka,” Contactmusic quoted Schreiber as telling Parade.com.

He added: “It was very good, so good that we drank a lot of it. I mean we were in the woods and it was freezing.

“You didn”t have to pretend you were cold because we were all shivering.” (ANI)