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Tuesday 19.06.2018 | Name days: Nils, Viktors

Volkswagen to have trouble complying with new EU exhaust tests

German car maker Volkswagen has warned that its main factory faces temporary shutdowns later in 2018, due to new European Union emissions test standards to be effective from September, designed to replicate real driving conditions more closely.

Ending Savisaar's corruption case identifies shortcomings in Estonian law, says prosecutor

After a high-profile corruption case against former Tallinn Mayor Edgar Savisaar was ended this week by a court ruling based on the defendant's poor health, Estonian prosecutor Steven-Hristo Evestus has pledged to appeal against it and pointed to shortcomings in Estonian law.

Ernst&Young auditors to be involved in ABLV Bank's liquidation

In the liquidation of Latvian ABLV Bank, international auditor firm Ernst&Young will be engaged to ensure transparent implementation of the voluntary liquidation plan, said the bank's liquidator.

Families with over four children to receive tickets to Song and Dance Festival

Families with at least five children in Riga will be offered tickets to the events of the Latvian Centennial Song and Dance Festival, announced the capital city's council.

Latvian tax collector to quicken export declaration processing

The processing of export declarations at the Latvian State Revenue Service will be faster from June 4, as the process will be run automatically, the institution announced.

Murder of insolvency administrator Bunkus: Possible motives

Murdered insolvency administrator Mārtiņš Bunkus allegedly had serious arguments with his colleague Māris Sprūds and entrepreneur Mihails Uļmans, sources familiar with Bunkus told de facto programme of the Latvian Television.

EU responds to U.S. metal tariffs by targeting American peanut butter, whiskey

As the U.S. has imposed duty tariffs on steel and aluminium imports from the European Union since Friday, June 1, the European Commission has stated it would in several week's time introduce countermeasures against American exports.

Visa payments said to be fully working after Europe-wide crash

The electronic payment system of Visa is fully operational following a hardware failure affected shoppers Europe on Friday, June 1.

Luminor: housing loan market grows with every passing day

«Looking at results of the first quarter in housing loan market, we can safely say that this sector is starting to heat up,» says Luminor private clients service manager Normunds Rudzītis.

ABLV Bank owners invest in a project of Latvian Museum of Contemporary Art in spite of bank’s collapse

Ināra and Boriss Teterevs, Ernests Bernis and Oļegs Fiļs have decided to continue the initiative regarding formation of a museum and investing in its fund more than EUR 1 million to finish development of a project launched by Latvian Museum of Contemporary Art.

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