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Monday 25.07.2016 | Name days: Jēkabs, Žaklīna

Fitch Ratings affirms Latvia’s rating at ‘A-’

International credit rating agency Fitch Ratings has announced the decision to affirm Latvia's Long-Term Local Currency IDR at 'A-' with a Stable Outlook. Latvia’s Short-Term Foreign and Local Currency has been affirmed at ‘F1’.

Draugiem Group’s Istabai to work with a new start-up company

Founders of Rention innovative real estate management system have begun cooperation with Graugiem Group’s ‘Istabai’ company. The agreement in regards to the integration of multiple solutions into the Internet platform along with distribution rights abroad was signed between the two countries on 21 July.

Teikmanis: there is no reason for panic over Trump’s statements

Latvia and other Baltic states have always fulfilled their commitments towards NATO. With that, there is no reason for panic over Republican Party’s presidential candidate Donald Trump’s statement about the possibility of USA refusing to aid Baltics, notes Latvian ambassador to USA Andris Teikmanis.

Latvia can expect first cargoes from China to arrive this year

Attempts of Latvian politicians and businessmen to get a hold of cargo transports from China seem to be on the eve of fruition. At least this is promised by LDz President Edvins Berzins, who says that Latvia’s delegation returned with very good news from their visit to China, as reported by lsm.lv.

Criminal prosecution to commence against five persons accused of manipulations with excise goods

Customs Police of the State Revenue Service has commenced criminal prosecution of five individuals accused of illegal manipulations with excise goods – tobacco products and alcoholic beverages. Estimates suggest that the extent of potential damage could have been EUR 80,896.32.

Latvia’s budget earned EUR 1.7 million as a result of competition violations

In the first six months of 2016, the Competition Council applied fines to multiple companies for breaches of competition rules. This enriched the state budget with a little more than EUR 1.7 million. Thereby the Law on Competition has helped the state recover at least part of entrepreneurs’ illegally earned money.

VIA SMS fined EUR 3,500 for promotion of irresponsible borrowing

Consumer Rights Protection Centre has found signs of promotion of irresponsible borrowing in a lottery organized by VIA SMS ‘Borrow and take part in lottery; win one of five tablets’. This kind of promotion, according to CRPC, affects consumers’ decision-making process in relation to loan services and their intended use.

Survey: 69% of Latvians see no change in politics after 10th Saeima’s dismissal

The majority of Latvian residents aged 18 to 55 believe that the country’s political environment has not changed at all since the July 2011 referendum on the dismissal of 10th Saeima, as revealed by results of a survey by 900 seconds programme and TNS.

Free plastic bags to be prohibited in the EU

A directive accepted by the European Union provides for reducing the number of single-use plastic bags by half before 2017 and by 80% before 2019.

Latvia to experience warm and even hot weather at the end of July

Thursday, 21 July, marks the beginning of the third ten-day period of July. This is usually when air temperature is at its highest in the country.

African swine fever found in a large pig shed in Estonia

On Thursday, 21 July, Latvia’s Food and Veterinary Service received information from the Estonian Veterinary and Food Service that an outbreak of African swine fever was noted in a pig shed that housed 4,091 pigs in Lääne-Viru County of Estonia.

Pabriks: Trump’s statements put at risk the safety of Baltic States

The statement recently voiced by Donald Trump, candidate for the post of President of the United States of America from the Republican Party, about how the American government under his leadership may decide not to protect certain NATO member states in the event of an attack by Russia is potentially dangerous for the safety of Baltic States, says MEP Artis Pabriks.

Revenue earned by Tele2 this year increases 5%

Tele2 mobile communications operator concluded the first half-year of 2016 with major financial results and investments. The company’s turnover grew 5% in the first half of 2016, reaching EUR 50 million. The company’s investments in 4G, 4G+ and 4G++ network development and production of new products reach EUR 6 million.

Revenue of Swedbank Latvia declines 9%

Revenue of Swedbank Latvia in the first six months of 2016 is EUR 52 million, which is 9% lower in comparison with the same period of 2015. This was affected by the release of previously made deposits in smaller amounts.