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New head of anti-corruption bureau to make LVL 1 715 a month
Today, November 29, Prime Minister Valdis Dombrovskis signed a document that indicates the monthly salary of the new head of the Corruption Prevention and Combating Bureau - Jaroslav Strelchenok.
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Medvedev organizes a contest of the silliest regulation
Russia President Dmitry Medvedev is set to organize a contest to find out the silliest administrative regulation that limits business development.
Pensioners crowd up at Citadele
On the very first day of guaranteed deposits payments, the former Latvijas Krajbanka clients, mostly pensioners, crowded up at Citadele branches, the news portal BNN observed.
Construction costs up 4.3% year-on-year
Compared to September, construction costs grew on average by 2.0% in October 2011, according to the Central Statistical Bureau. Labour remuneration of workers increased by 3.7%, prices of building materials rose by 2.4%.
Norwegian media: Breivik deemed not competent to stand trial
Anders Breivik has been deemed not competent to stand trial. The alleged mass killer gunned down 69 people, mostly teenagers, when he attacked a youth camp back in July, 2011.
Discussion on Russia: journalist showed the door
Daugavpils University hosted a discussion "What are Latvia's eastern neigbours like?" Experts from various fields, including politics, economy and culture analysed Latvia's relationship with its most powerful neigbour Russia. The discussion also touched upon Latvia-Belarus relationship. The scientific conference took place in Latvia and rounded up with one of the journalists being showed the door.
Latest events may be major scheme with «political shelter»
All the events of the past months: phone-tapped oligarchs' conversations, discussions on airBaltic future, Passenger Train's scandalous procurement and the "as if" unexpected Krajbanka crash are all parts of a huge schema with "a political shelter", according to a report by some, presumably, well informed local lawyer's office that is published on Pietiek.com.
Bajare: Krajbanka impact on national economy depends on Lithuania
In terms of the consequences from Latvijas Krajbanka crisis, we cannot speak about an impact on the state budget, but we can speak about certain effects on the national economy, says Sanita Bajare, Finance Ministry's press secretary.
Bank of Latvia explains how to reach Western European levels
Back in 1995, Latvia's average level of income or the value added per capita accounted for 26% of the old European states' average level. It hit 51% in 2008. Thus, the gap between Latvia and Western Europe was cut one third in thirteen years time. From that perceptive, Latvia could reach their level after 26 years - in 2034.
Steinbuka: work with lenders was Latvia's chance to save face
Welfare is not an easy goal in Latvia, the situation is complex. Besides, Europe itself has been undermined. It is seeking for ways to exit the crisis. EU member states and also the European Commission are in a force major regime, says Inna Steinbuka, head of EC office in Latvia.
Greens and Farmers promise not to hinder government's work
The government will hold and emergency meeting to discuss what it should do to protect Krajbanka depositors and not to allow such a situation in future as well as what role the banking watchdog played, says Augusts Brigmanis, member of Greens and Farmers Union.
Swedish financial watchdog: banks can never feel 100% safe against fraud
Even a good, multi-level internal, external and public control cannot fully protect a bank from fraudsters, says Uldis Cerps, Banking and Securities, Department Director at the Swedish Financial Supervisory Authority.
Harmony Center deputy: the Constitution is not eternal
Language is a means of communication. It is not a matter of politics. When discussing the language issue in Latvia, we must learn from experience of other countries, says Nikita Nikiforov, Harmony Center member.
Banks: people have no reason to panic over banking sector stability
Krajbanka crisis has made people doubt the stability of other banks operating in Latvia. Also BNN editorial office has received some pretty nervous questions.
Latkovskis approaches Prosecutor over Riga City Council's deposit at Krajbanka
Ainars Latkovskis, head of Unity Saeima faction, has approached the General Prosecutor Erik Kalnmeiers with a request to probe how big deposits and at what interest rates municipalities as well municipal and public companies had deposited at AS Latvijas Krajbanka.
Russia and Belarus sort out their gas conflict
On November 25, Russia and Belarus signed several documents on gas. Gazprom acquired yet additional 50% of Beltransgaz shares for USD 2.5 billion, thus becoming its sole owner.
Parliamentarians keep nearly half a million in cash
As of the day when filing the annual income declaration, 45 Saeima members kept cash of LVL 396 329 in different currencies. The rest of 55 parliamentarians do not have any savings in cash.
Head of Financial and Capital Market Commission resigns
Irena Krumane, head of the Latvian banking watchdog Financial and Capital Market Commission (FCMC) is resigning on the grounds that the pressure on her still taking up the post is hindering FCMC's work.
Krajbanka clients withdraw LVL 7.4 million
As of November 26, 22:00, Latvijas Krajbanka clients had withdrawn 7 415 640 lats, totalling 167 537 transactions, says Daze Duze, Krajbanka President's advisor.
Unit value grows 11.2% for export and 4.9% for import
In the third quarter of 2011, the unit value (UV) of exported goods was up 11.2%, while of imported goods – 4.9 % year-on-year, according to the Central Statistical Bureau.
USD 365 dubious millions travel via Trust Commercial Bank
From 2007 up to 2009, at least USD 365 million were laundered via the offshore company Nomirex Trading's account at Trust Commercial Bank (Latvian: Trasta komercbanka) in Riga.
Financial and Capital Market Commission to file for Krajbanka insolvency
Latvian banking watchdog Financial and Capital Market Commission is set to file for AS Latvijas Krājbanka insolvency this week. Candidacies for the post of insolvency administrator are currently assessed.
Survey: Ushakov and Dzintars blamed for flaring up ethnic tension
According to a survey of the Latvian population, 32% of the respondents blame Riga Mayor and Harmony Center leader Nils Ushakov for sparkling ethnic tension.
Economist: euro can collapse by Christmas
If the European Union does not take any anti-crisis measures, the euro currency could collapse by Catholic Christmas celebrated on December 25, says the well-known French economist Jacques Attali.
State Revenue Service: IMF likes pessimistic forecasts
Tax collection has been very successful in 2011. Hopefully, despite Krajbanka crash, it will remain like that until the end of the year, says head of the State Revenue Service Nellija Jezdakova.
Photos of the week, 2013.05.17.
Riga Mayoral candidate: Baiba Broke – says one thing, but does the opposite
Latvia approves amendments regarding double citizenship
Latvia's foreign trade export is growing faster than import
Latvian fuel traders: National Alliance wants to destroy domestic companies
Latvenergo's profits drop by 18.5% in 2012
Slow-down in Estonia’s growth expected
Searches carried out at homes and offices of Liepājas metalurgs Board and sharholders
Paul Krugman declined participation in the First Riga Economic Forum
HM: smoking in the presence of a child is considered abuse
Bathing season officially open in Latvia
Latvia's living costs reach record high level
Latvia's problem of unemployed youth is reducing in scale
Infographic: How teens' habits threaten the future of Facebook
Bloomberg: The eurozone must be split to save EU
Richter's painting becomes most expensive work of living artist
Japan's economy shows recovery signs
May 16 in pictures
Greek politician slaps woman live on TV
Colombia hosts Miss Pole Dance 2012
VIDEO: Airline fined for in-flight bikini show
VIDEO: The birth of a snowflake
VIDEO: World's most dangerous marketplace
May 15 in pictures
May 14 in pictures
May 13 in pictures
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