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Tuesday 23.01.2018 | Name days: Strauta, Grieta

Produced electricity volume in Estonia grows by 67%

The necessity for electricity, which has increased in the Baltic States after the closure of Ignalina nuclear power plant, has significantly added to the volume of produced electricity in Estonia.

Finance Minister: Latvia will continue the started structural reforms

The Latvian government will continue to execute the already started structural reforms to implement them during the following years, mostly focussing on the improvement of the state apparatus management efficiency; in this way cutting back the state expenditure, the Minister of Finance Andris Vilks pointed out.

Zatlers Chancellery spends 60 000 lats at Castle cafe

The President of Latvia Valdis Zatlers State Chancellery spent more than 5 000 lats monthy at the Riga Castle cafe in 2010. The owner of the cafe SIA Kuso has received more than 60 000 lats for the provided services, reports

Driver without OCTA to pay 20 000 lats after accident with BMW X5

Car VAZ driver without OCTA insurance policy will have to pay 20 000 lats (EUR 28 457) for inducing a traffic accident with BMW X5.

Unit value of export goods grows by 13.0%, of imported goods – by 12.7%

In the third quarter of 2010, the unit value of exported goods increased by 13.0 % and of the imported goods – by 12.7 %, compared to the corresponding period in 2009.

Proceedings on former SRS Director’s complaint about his reassignment end

The District Court has ended legal proceedings on the former State Revenue Service Director-General Dzintars Jakans complaint that asked to deem his reassignment as unlawful, the Assistant to the Court’s Chairman Ksenija Novikova informed.

Customs discover the biggest amount of cocaine in Estonia history

Estonian Tax and Customs Board has discovered 47.81 kilograms pure cocaine in coffee containers, which is the biggest amount of drugs discovered in the state's history. Four men are suspected of the crime, three of them are put under custody.

LatRosTrans starts pumping out the pipeline oil

Having conducted detailed preparation and research work, experts give SIA LatRosTrans the green light to pump out oil of its owned pipeline and to transfer it to a reservoir, the business portal BNN was informed by the company.

Unemployment rate in Estonia grows by 1 599 people in a week’s time

Within a week’s time, from November 19 to 25, the number of unemployed persons in Estonia has increased by 1 599 people, making the registered unemployment rate mount to 10.3% of the economically active population.

Grindeks profit this year - 5.2 million lats

The company Grindeks profit hits 5.2 million lats in nine months of 2010 reporting a triple, compared to the exact period in 2009.

63% of Latvia’s population deem road maintenance in winter as bad

Three-fifths (63%) of the surveyed economically-active population in Latvia are critical of the state joint-stock company Latvijas Valsts ceļi performed road maintenance last winter season, indicates a survey conducted by TNS Latvia and LNT broadcast 900 sekundes.

Double Coffee ceases expansion in Ukraine’s market

The Latvian coffee-shop chain Double Coffee has stopped financing its business expansion in the Ukrainian market. The company has shut down four cafes in Kiev during the past year, reducing their number to seven, while the rest were passed on to the franchisees.

Jurmala Mayor waits for Environment Minister's visit to explain Council's situation

Latvia Environment Minister Raimonds Vējonis criticism on the situation in Jurmala City Council and forecasts that he could suggest the government to dismiss the Council of the resort show that he is not acquainted with the actual situation in the City Council, believes Jurmala Mayor Gatis Truksnis.

airBaltic advertises at Riga City Council expense

The newly-launched advertisement funded by Riga City Council highlights ten things that tourists should know about Riga, including airBaltic planes, BalticBike, BalticTaxi, as well as ESPA beauty salon.

EP member: Latvia Prime Minister- good at communicating with IMF

The International Monetary Fund (IMF) points at what has to be achieved, not what to do. Up till now the Prime Minister of Latvia Valdis Dombrovskis has been successful in negotiating and affecting the agreement, the reduced budget consolidation amount testifies for that, said European Parliament (EP) member Inese Vaidere.

Latvia Prime Minister: 2nd Tier pension scheme– the hardest consolidation issue

Basically, the agreement on consolidation measures and their extent with the international lenders has been reached, now there are only discussions on certain measures, of which the biggest issue is the 2nd Tier pension scheme, the Prime Minister Valdis Dombrovskis explains.

Aerodium: Latvia's brand name is trendy in China

After the participation at the international exhibition World Expo 2010, Latvia has become trendy in China – currently it is possible to sell anything under its brand name, said the amusement and leisure park service company Aerodium Chairman Ivars Beitans and the Communication Manager Ansis Egle.

Zatlers: trade unions are like some deputies with differing pre and post election views

Social partners have taken part in the budget drafting process all the time. Like some Saeima members also trade unions tend to change their opinion before and after the elections. Initially they said the minimum wage had to be increased, but at the moment when the government is doing that - they are dissatisfied again, said the President of Latvia Valdis Zatlers.

Latvian Sustainable Construction Council established

This year, on November 26, the Latvian Sustainable Construction Council will be established, the Council’s representatives informed the business portal BNN.

Latvia Ministry of Welfare: contributions to 2nd Tier of pensions will form 2%

The amount of contributions directed to the 2nd Tier of pensions in 2011 and 2012 will form 2%. This will ensure additional funds to the state social insurance budget deficit reduction, as well as provide full state social insurance services to people.

40% of Latvia’s population will spend about 50 lats on Christmas presents

This Christmas, 40 % of the Latvian population intends to spend approximately 50 lats on presents, while they themselves would like to receive a family trip

Association: public health problems solving at the expense of producers is cynical

The government's intention to rise tax burden of soft drinks manufacturers considerably contradicts the publicly declared support to business segment. This means not only destroying the industry, but also placing it in a much lower position than the one of the neighbouring states and the European producers in general, believe Latvian Association of Manufacturers of Non-Alcoholic Beverages (LAMNB).

Latvia Finance Minister: foreign investments propel national economy

Foreign investment is a stimulus for the national economy development, said the Minister of Finance Andris Vilks, when unveiling the international Cohesion Fund from 2000 to 2006 planning period closing conference «Cohesion Fund 10-year investment in Latvia».

CPCB launches disciplinary action against its Deputy Head Vilks

Corruption Prevention and Combating Bureau (CPCB) today, November 25, has launched a disciplinary action against its Deputy Head Alvis Vilks.

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