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Saturday 21.04.2018 | Name days: Marģers, Anastasija

Economy Ministry: producer prices will affect dynamics of raw material prices

Producer prices in industry will grow in 2018 similarly as they had in 2017. Producer price level is largely affected by fluctuations of raw material prices in the world, as noted by Latvia’s Economy Ministry.

Industrial producer prices in Latvia up 3.5%

Compared to February, level of producer prices in the Latvian industry rose by 0.2 % in March 2018. Prices of products sold on the domestic market grew by 0.1 %, but prices of exported products went up by 0.4 %.

Eight-year-long Latvian-Russian state border demarcation process concludes

Latvian-Russian state border demarcation documents have come to force. 21 April 2018 marked the conclusion of the two countries’ joint border demarcation process that lasted eight years, as reported by Latvia’s Foreign Affairs Ministry’s press-centre.

France to fine for naming veggie foods in meat terms

In France, vegetable-based products such as soya steaks or vegetarian sausages marketed as meat substitutes are to be banned in France for misleading consumers as it will be prohibited for food producers to use any meat terms to label products that do not contain meat.

Breach intensity on a rise near Latvia’s state border

Two groups of Vietnamese citizens were caught in an illegal attempt to cross Latvia’s border and multiple cigarette-smuggling attempts were thwarted by authorities in April, as reported by Latvia’s State Border Guard.

U.S. urges Moscow to address election, chemical weapons' and Ukraine issues

The United States government has asked the Kremlin to act on U.S. concerns on election meddling, the Salisbury chemical attack in UK, as well as the military developments in Ukraine and Syria.

Every second resident in Latvia has a loan, and every third – a missed payment

Last year, the number of private person loans had increased nearly 10%, according to the Credit Information Bureau’s data exchange system. Currently this institution’s data archive contains entries for 899 thousand assets in private persons’ contracts. 290 thousand private persons have missed some of their payments.

State Secretary: Latvia and China share good economic cooperation perspectives

To present topical issues of Latvian-Chinese economic cooperation to businessmen, as well as contribute to formation of new business contacts, officials have launched the Latvia-Ningbo Economic & Trade Cooperation Symposium, as reported by Foreign Affairs Ministry.

Friday will be warm and sunny in Latvia; weather to become cold and rainy later

Friday will be warm in Latvia, but weather will change on Saturday and Sunday – wind speed will increase and air temperature will drop. A wide low atmospheric pressure area above Northern Europe will be dictating weather next week. This means there will be more rain in Latvia, as reported by State Environment, Geology and Meteorology Centre.

Major political corruption case reaches court in Lithuania

A major political corruption case with involving MG Baltic, one of Lithuania's largest business groups, and two political parties, the Liberal Movement and the Labour Party, has reached Lithuanian court this week.

Organic food: MEPs support stricter regulations

On Thursday, 19 April, European Parliament approved new requirements and rules for production of high-quality organic food products, as BNN was told by EP Information Office in Latvia.

Birth rates in Latvia down – estimated population around 1 million 925 thousand

Since 2016 birth number in Latvia is reducing – in 2017 number of live births may be approximately one thousand smaller than in 2016. Number of newborn registered during the first three months of 2018 also was smaller than that recorded in the same period of 2017 – by 336 children.

Latvia’s parliament ratifies EU-Armenian partnership agreement

On Thursday, 19 April, the Saeima ratified the comprehensive partnership agreement between the European Union and European Atomic Energy Community on one side and Republic of Armenia on the other.

Unity: there are municipalities, in which heads of administration think they are kings

During their meeting with Latvia’s Environment Protection and Regional Development Minister Kaspars Gerhards, members of Unity’s Saeima faction concluded that there is still a lot of work left on the road towards enhancing democratic principles in municipal administrations.