Latvian central bank mediates in 'Warren Buffett' bank account case

Recent days have seen news stories saying that "Mitek Baltic", a supplier of wooden construction equipment and engineering services, has been operating in Latvia for 18 years. This year, its parent company in Sweden, "MiTek Industries AB", made a strategic decision that it should separate from the parent company and become a separate entity in the form of a limited liability company (in Latvian a 'SIA').

However, it has been impossible to register a full business bank account in th...