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Sunday 25.06.2017 | Name days: Maiga, Milija

Investment banker: low-price era in telecommunications has ended

Low mobile communication tariffs were a result of sharp competition, which historically formed after operators divided the market. Development of new technologies have made those tariffs irrelevant, says IBS Prudentia partner Girts Rungainis.

Vitol and Helios now own 100% of Vivo Energy

Following the acquisition of 20% of Vivo Energy shares by Vitol Africa B.V., Helios Investment Partners and Vitol have become owners of 100% of Vivo Energy, as reported by Vitol Baltics representative.

Deputies to ask Caksa about industry’s funding and planned reforms

On Wednesday, 10 May, members of Saeima’s Social and Employment Matters Committee intend to invite Healthcare Minister Anda Caksa to the meeting in order to listen to her vision for healthcare sector’s future development, as BNN was informed by Saeima’s press-service.

Reports on escalation, new casualties in Ukraine’s war

Ukraine’s security officials report of escalating warfare in the country’s east, where this week one Ukrainian soldier as been killed and nine wounded in action.

Among Baltic States, Latvia exported and imported the least in the past two months

In the first two months of 2017, Latvia’s export volume was EUR 1.642 billion. Lithuania exported goods worth EUR 3.865 billion and Estonia exported goods worth EUR 1.921 billion.

Austrian court: Facebook has responsibility to delete hate speech posts

An Austrian court has ruled that Facebook must delete posts considered as hate speech, no only block them inside the country.

Coalition partners still discuss solutions to reduce real estate tax payments

On Monday, 8 May, representatives of coalition parties offered different solutions to accomplish smaller real estate tax payments.

Macron to lead French government as his party without seats in parliament

France's president-elect Emmanuel Macron now has to form a government, but has no seats in the country’s parliament to back it among legislators.

Kucinskis: it is important to form a unified Baltic gas network

Baltic States and Poland should cooperate more closely in efforts to resolve important matters, says Latvian Prime Minister Maris Kucinskis.

Cargo turnover of Ventspils port’s terminals increases

April of 2017 was far more successful for terminals working at Ventspils port than the same month of last year. Terminals processed 2.4 million tonnes of cargoes, which is 60% more when compared with April of 2016, as BNN was informed by Transport Ministry.

Rinkevics: Macron’s victory is good news for Latvia

The victory of centrist Emmanuel Macron in the second stage of presidential elections in France is good news for France, Europe and Latvia. It shows that openly destructive and extremist powers have failed to gain recognition and support, says Latvian Foreign Affairs Minister Edgars Rinkevics.

SEB: volume of home loans in Latvia on a rise

The volume of home loans issued in Q1 2017 has grown by 30%, according to data from SEB Bank.

May 8 in pictures

BNN offers you to take a look at topical, interesting and simply beautiful pictures of the day.

Industrial production volume in Latvia up 10% in March

Compared to March 2016, industrial production output1 increased by 10 % in March. Industrial production output in manufacturing grew by 7.4 %, in mining and quarrying by 5.6 %, and in electricity and gas supply by 19.1 %.

Warning – Latvian Travel RSP has no right to work in Lithuania

Latvian travel agency Travel RSP has no right to work in Lithuania because it is not registered as a travel service provider, as concluded by Lithuanian State Tourism Department.

Latvian Traders Association: tax reform is being realized at the expense of small businesses

The tax reform provides for a major increase of labour costs for small employers. In accordance with Finance Ministry’s offer, these companies will have to find more than EUR 13 million to, at the very least, maintain their business activities, Latvian Traders Association comments on the situation.

Calendar of cultural events in Lithuania. «New Baltic Dance 2017»

BNN offers you a selection of cultural events in Lithuania for the week from May 8 to 14.

Canadian military vehicles arrive in Latvia

On Monday, 8 May, Canadian military vehicles and equipment for support of the Canadian multi-national battalion arrived at Riga port. The battalion is set to arrive in Latvia in June, as reported by Latvian Defence Ministry.

Latvian banks fall victim to large-scale theft

Last Wednesday, 3 May, a massive theft took place. Experts are still unsure about the exact scale and possible consequences of this crime. The crime involves IT service provider Rostelecom, which is partially owned by Russia. This company managed to intercept data flow from multiple banks. Among them are two Latvian banks, as reported by Nekā personīga.

Estonia’s big clean-up attracts 50 000 people, Latvians – more active

Estonia’s big clean-up campaign Teeme Ära 2017 reported that over on Saturday altogether 2,130 common voluntary work actions were taken bringing together at least 50,358 people.

De Facto: all parties promise free benefits for voters in Riga

All political parties in Riga promise free benefits for voters, De Facto concluded after looking at programmes submitted by parties.

Tens of thousands of Germans evacuated to defuse World War Two explosives

In the German city of Hannover, some 50 000 people have been evacuated for sappers to defuse several bombs dating back to World War Two.

France’s new President-elect seeks French unity in face of extremist tendencies

In the run-off of the French presidential election centrist candidate Emmanuel Macron has won overcoming far-right candidate Marine Le Pen and stating he would work to ensure in future there would be no reason to vote for extremism.

EY: most Latvian businessmen are not ready for changes to EU fund distribution

Latvia has a generation of businessmen that expect to receive assistance, including from European Union funds, partner of professional business advisory and audit service company EY Andris Laucins said in an interview.

Photos of the week, 06.05.2017

BNN offers you to take a look at topical, interesting and simply beautiful pictures of this week.

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