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Ceturtdiena 05.05.2016 | Name days: Ģederts, Ģirts

New cadastral value calculation order may be put off for a year in Latvia

On Thursday, 5 May, the Saeima supported the draft that will put off the introduction of a new cadastral value calculation for real estate properties order for one year. With that, the current cadastral value calculation order will remain in force in 2017.

Latvia’s housing loan segment falls behind the rest of Baltic States

Demand for mortgage loans in Baltic States has been rising for the third consecutive year. Estonian residents seem the most active with housing, construction or repair loans. Demand for mortgage loans is also high in Lithuania. In Latvia, however, residents’ activity remains the lowest.

Electricity price up for Estonia on Nord Pool exchange

The Estonia’s average electricity price on the Nord Pool electricity exchange climbed 0.32 euros in April reaching the month’s average price of 29.41 euros per MWh.

10-year-old Finn earns USD 10,000 for discovering Instagram flaw

Facebook has announced that it has paid a 10-year-ol Finnish boy 10,000 U.S. dollars (8,700 euros) for finding an important system flaw on social network Instagram.

20 to 30 refugees to arrive in Latvia in May

As part of the refugee resettlement programme, it is possible that 20 to 30 people could arrive in Latvia in May, as reported by Maira Roze, Director Deputy of the Office of Citizenship and Migration Affairs.

Estonia and Lithuania do not support EC’s proposed fine policy for refusal to resettle migrants

Estonia does not agree with the European Commission’s recent proposal to establish a fine policy for member states: EUR 250,000 for every asylum seeker denied resettlement in EU member states, as announced by Estonian Internal Affairs Minister Hanno Pevkur.

Ports council to view a report on the situation in Latvia’s transit and logistics industry

On Thursday, 5 May, the Latvian Ports, Transit and Logistics Council will discuss matters related to the situation in Latvia’s ports, transit and logistics sector, topical problems in the industry and solution proposals.

In U.S. Republican Party, Trump’s last opponent suspends campaign

In the U.S. Republican party, the last opponent of controversial businessman-politician Donald Trump has left the competition for the candidacy for the party’s presidential election nomination.

Brussels proposes fines to member states refusing to accept asylum seekers

EU’s European Commission has this week suggested amending the bloc’s existing asylum rules, among other changes proposing high fines to member states refusing to accept asylum seekers.

Kaimins’ party expected to have more members than necessary minimum

More people than necessary minimum are expected to take part in the forming of the party of non-party Saeima deputy Artuss Kaimins.

Eurozone’s economic growth outlook is reduced

On Tuesday, 3 May, the European Commission cut down Eurozone’s economic growth outlook for the year, warning about global risks. Among those risks are the slowing of China’s economic growth and UK’s possible exit from the European Union.

Gauss: airBaltic has become the largest airline in Estonia

The Latvian airline airBaltic has become the largest airline in Estonia. In April, airBaltic achieved +64% growth, and serviced 28 474 passengers travelling to and from Estonia.

Estonia denies entry to three Russian journalists

The Schengen visas of three Russian TV journalists have been revoked and they have been denied entry in Estonia on May 2, Estonian public broadcaster reports.

Spanish parliament to be dismissed being unable to form government in four months

Politicians, who were elected to the Spanish parliament on December 20, have missed the date for forming a government therefore the country will hold snap parliamentary election on June 26.

Baltic Taxi has created a system to avoid paying VAT to the country

Baltic Taxi uses a micro enterprise-based scheme that circumvents the payment of the Value Added Tax. In addition, this system does not provide any social guarantees to the company’s drivers. When asked about paying taxes, Panda taxi brand dealers become uncharacteristically non-talkative.

Bitcoin entrepreneurs sceptical on crypto-currency inventor’s coming forward

Australian businessman Craig Wright has this week stated that he is the long-searched-for inventor of the digital currency, who has for years used the pseudonym Satoshi Nakamoto.

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