bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 23.08.2017 | Name days: Valgudis, Ralfs, Vitālijs
LatviaLatvia

BNN summary of the week: collapse due to absurd decisions and Aboltina’s return to diplomacy

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUBNN offers a summary of this week’s topical news in a variety of categories: Change; Truth; Business; Future and Growth.

CHANGE: KNAB starts new inspection associated with oligarch case

Corruption Prevention and Combating Bureau has commenced a new inspection associated with the so-called oligarch case. This time the inspection is about possible illegal acceptance of benefits by officials, as confirmed by KNAB management on Tuesday, 8 August.

KNAB Investigations Office Manager Ilze Kivleniece said the bureau has commenced a new inspection in relation to possible illegal acceptance of benefits by officials.

This inspection is planned to be completed within one month’s time. KNAB does not reveal the names of officials in question.

Full article here

BUSINESS: Vitol’s goal is stopping stock market quotation of LSC shares

The goal of Vitol Netherlands B.V. is stopping the quotation of Latvian Shipping Company’s shares at the stock market once the buy-back of shares is complete, said Chairman of Latvian Shipping Company Robert Kirkup.

The mandatory buy-back offer for LSC shares is currently ongoing, and Kirkup allows that not all minority shareholders will decide to sell their shares.

Kirkup comments: «I allow that there may be shareholders who will decide to keep their shares. There are definitely small shareholders who do not understand the point of the buy-back offer or have forgotten that they own shares. We saw this with the buy-back of Ventspils Nafta shares. But we do expect most minority shareholders will want to sell shares.»

He says no major changes to LSC’s operations are expected after the conclusion of the buy-back of shares.

«LSC will definitely remain a shipping company. This much will not change. We also hope our LSC Shipmanagement will attract more owners for technical management of our ships. Vitol Group has also voiced readiness to provide more ships for us if it becomes a co-owner of LSC,» Kirkup says.

Full article here

DECLINE: Average consumer price level up 2.6% in Latvia

Compared to July 2016, the average level of consumer prices increased by 2.6 % in July 2017. Prices of goods grew by 2.6 % and prices of services by 2.9 %.

Compared to July 2016, in July 2017 the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related to housing, prices in miscellaneous goods and services group, prices of alcoholic beverages and tobacco products, as well as decline in prices of clothing and footwear, according to data from the Central Statistical Bureau of Latvia.

The average level of food and non-alcoholic beverage prices increased by 6.6 %. Rise was recorded in prices of vegetables, meat and meat products, milk products, butter, milk, cheese and curd, bakery products, fresh or chilled fish, eggs, sugar, fresh fruit, and chocolate.

Within the group of alcoholic beverages and tobacco products, the average level of prices went up by 2.7 %, which was mainly influenced by 5.4 % growth in prices of tobacco products. Prices of alcoholic beverages, of which beer, spirits and wine increased by 1.2 %.

Over the year, prices of garments dropped by 3.5 % and prices of footwear by 8.8 %.

Full article here

TRUTH: BATL says absurd decisions may cause a complete collapse in Latvia

Problems keep piling up in the transport and logistics industry, which is the second largest national economy industry in Latvia. On top of that, this industry may experience a complete collapse because of two unreasonable and absurd decisions, experts say.

The situation with dramatically declining cargoes has forced LatRailNet to increase railway tariffs by 7%, which will scare away cargoes and weaken local transporters.

It was previously reported that the government and Saeima have decided to increase excise tax for diesel fuel, ‘thereby making Latvia’s cargo transporting operations even less competitive and limiting the industry’s capabilities to attract new cargoes to replace lost Russian cargoes,’ specialists add.

«Weakening the transport and logistics industry will create a very serious fissure for Latvia’s national economy and will also impact nearly all economic fields, affecting the state budget, residents and commercial associations,» says Baltic Association – Transport and Logistics President Inga Antane.

She also notes that it has been observed since May that Russia has been gradually abandoning its previously coordinated plans and transporting considerably less cargoes than what was agreed upon. Only 27.9% of the previously planned cargoes were transported in July. On top of that, the rate at which cargoes decline continues to increase. While it was 15% on average at the beginning of the year, the rate grew to 30% in spring. Now it reaches 70%.

Full article here

GROWTH: Multiple parties support oligarch case’s publication; UGF has yet to decide

The National Alliance VL-TB/LNNK may support Unity deputy Andrejs Judins’ proposal to approve a law on publication of materials of the so-called oligarch case.

Unity and the Union of Greens and Farmers plan to hold discussions about this idea.

Unity’s Saeima faction chairperson Solvita Aboltina says Judins’ proposal will be viewed at the next faction meeting. The deputy’s proposal is innovative, and it has to be reviewed properly to make sure publication of materials of a criminal case does not impact the rule of law, said Aboltina. She added that this idea has come under fire from Prime Minister Maris Kucinskis.

When asked if the party has any plans about any more attempts to replace Inguna Sudraba in the post of chairperson of the parliamentary investigation committee for the oligarch case, Aboltina said concerns of some Unity member about the committee being formed in its current composition have been confirmed.

UGF Saeima’s faction leader Augusts Brigmanis said the following about Judins’ proposal – «the deeper in the forest we go, the more wood there is and the deeper we go, the more original the performance». Once Judins’ proposal has been phrased, it will be possible to decide on it at the next meeting of the political faction.

Full article here

FUTURE: Rinkevics and Aboltina discuss her return to diplomatic service

Latvian Foreign Affairs Minister Edgars Rinkevics and Unity Saeima faction chairperson Solvita Aboltina intend to discuss the politician’s return to the diplomatic service, said the minster’s advisor Martins Dregeris.

At the same time, Rinkevics said it is not possible to provide more detailed comments on this matter. He added that Aboltina has considerable experience working in the foreign affairs service. Aboltina also worked as the director of Foreign Affairs Ministry’s Consular Department before she began her political career. There have also been precedents in which politicians had returned to the foreign affairs service to perform diplomatic duties, which includes Foreign Ministry’s Inspector General Maris Riekstins and Latvia’s ambassador to France – Imants Liegis.

«This is nothing new, because the foreign affairs service is open for ex-diplomats. We never comment candidates until all national procedures are complete and we receive approval from other countries in regards to ambassadors,» Dregeris explains.

Full article here

Ref: 224.109.109.4100


Leave a reply

Pulks: lunches in Riga’s kindergartens should be free

Riga City Council’s Unity faction leader Olafs Pulks has sent a letter to the city council’s Education, Culture and Sports Department’s Director Guntis Helmanis, asking him to immediately perform calculations and prepare proposals for Riga’s budget project for 2018 to secure free lunches for all children of the capital’s kindergartens.

Study: poor households will gain very little from the tax reform

Poor households will gain very little from the recently approved tax reform. There is a large number of unemployed people who will not the change with PIT, according to results of a study performed by Stockholm School of Economics in Riga and economic policy research centre Biceps.

Puce: either Kucinskis has a memory like a goldfish, or he doesn’t take his own words seriously

Political party For Latvia’s Development invites Prime Minister Maris Kucinskis to prove the promise he once gave to Latvian taxpayers to not change taxes in the next three years. This invitation was extended, considering information that was voiced at the 22 August meeting of the Cabinet of Ministers in relation to the search for ways to expand fiscal space.

Brivais vilnis: grey economy’s presence in fishing industry may be 40%

The total proportion of grey economy in Latvia’s fishing industry may be around 40%, says fish processing company Brivais vilnis chairman Arnolds Babris.

SRS: violations uncovered at restaurants mostly associated with illegal employment

Most of the violations uncovered by Latvian State Revenue Service during inspections at restaurants in Riga and Jurmala are associated with illegal employment and non-declaration of revenue, said SRS Director Ilze Cirule in an interview to Rīta Panorāma this morning 23 August.

Europe commemorates victims of Nazism and Stalinism

Nine years ago, MEP Inese Vaidere and four of her foreign colleagues accomplished that the European Parliament officially approved and issued a written declaration on declaring 23 August the Day of Remembrance of the Victims of European Stalinism and Nazism.

FCMC allows Latvian Central Depository to function as service provider

Finance and Capital Market Commission has decided to allow Latvian Central Depository to start providing services as a central securities depository starting from 18 September.

Without cheap labour, Liepaja prison construction may take a while

Because projects submitted by different construction companies for Liepaja prison exceed the funding that is available for the project, it is planned to cease the procurement. A new one will be announced soon, said Justice Ministry’s state secretary Raivis Kronbergs after a government meeting on Tuesday, 22 August.

Sudraba claims KNAB investigated oligarch case to the maximum extent

Investigators of the so-called oligarch case, which continue working at the Corruption Prevention and Combating Bureau, performed their work responsibly. Information leak during the investigation, on the other hand, had impacted the investigation considerably, said head of the parliamentary investigation committee Inguna Sudraba as a visit to KNAB.

Survey: 43% of internet store users purchase something once a month

Overall, Latvian consumers are satisfied with the purchases they made on internet stores. 65.3% of respondents believe internet stores are safe and reliable. 44.7% of respondents say they have never had any problems when shopping on the internet, according to results of a survey performed by Gudriem.lv.

Government establishes prohibition to wear face-concealing clothes in public

On Tuesday, 22 August, Latvian government supported Justice Ministry’s proposed legislative draft on restrictions for face-concealing clothes, which prohibits residents from wearing such clothes in public places.

Experts explain why a teenager’s «I don’t know» is so dangerous

Most often we say things like «I don’t know» because we are afraid of making choices. Reaching their teens, youngsters become more independent, and the inability to make responsible decisions and say «no» can have serious consequences, says psychologist Sabine Vilcina and youth motivation programme «MOT. Izvēlies drosmi!» manager Ilze Paidere-Stake.

Traders: following VAT decline, prices of goods will decline as well

Latvian Association of Food Traders supports Agriculture Ministry’s proposal to reduce VAT rate for food and separate food product groups. Traders confirm that this step will also reduce food product prices in stores.

The most major risks and solutions for real estate purchase and rent with option to buy

To acquire housing in one’s property, often residents use rent with an option to buy. Sworn attorney Zanda Zaluma of Eversheds Sutherland Bitāns shares advice resident should keep in mind when signing real estate contracts.

Finance Minister: businessmen will be forced to pay larger wages

The current market situation shows that Latvia should speed up its education reform and think about attracting additional human resources from other countries, said Latvian Finance Minister Dana Reizniece-Ozola in an interview to Latvijas Radio.

Latvia to procure Stinger anti-air missile launchers

A mutual contract has been signed between Latvian Defence Ministry and Danish Defence Ministry for the procurement of anti-air missile launchers used by the Danish armed forces, as confirmed by Latvian Defence Ministry.

Oil prices and stock exchange indexes decline in Europe

On Monday, 21 August, oil prices declined. Exchange indexes in USA increased slightly, whereas exchange indexes in Europe declined because of concerns over the policy implemented by the administration of US President Donald Trump.

Terrorists in Barcelona were planning three explosions

Terrorists, who performed two attacks in Catalonia last week, were initially planning to blow up three shuttle buses in crowded areas in Barcelona, as reported by El Espano.

Lawyer: Maxima wants to earn by reducing compensations for the tragedy

Maxima Latvija and Zolitude 21.11 have reached an agreement on payment of EUR 900,000 to support victims of Zolitude tragedy – EUR 5,000 to EUR 75,000 to each person, as reported by Maxima Latvija.

Producer prices in industry in Latvia grew 0.4% in July

Compared to June, the level of producer prices in Latvian industry rose by 0.4 % in July 2017. The prices of products sold on the domestic market increased by 0.5 %, whereas the prices of exported products grew by 0.3 %.

Enefit: Latvia reduces electricity price difference with neighbouring countries

In recent years, Latvia has managed to reduce the electricity price difference with other Baltic neighbouring countries, as reported by Enefit Chairman Janis Bethers.

Farmers Saeima: butter price will not remain high for long

The high price on butter in Latvia will not remain so high for long, said Farmers Saeima Vice-Chairperson Maira Dzelzkaleja-Burmistre in an interview to 900 seconds programme of LNT.

Aseradens elected as chairman of Unity; Krisjanis Karins to lead party’s city council faction

Unity elected Economy Minister Arvils Aseradens as the new chairman of the party. MEP Krisjanis Karins has been elected as the party’s leader in Riga City Council with Santa Zarane as his deputy.

LPS manager: forming the budget, it is important for municipal funding to stay the same

In the formation process of the next year’s state budget, it is necessary to guarantee finances do not reduce for municipalities, said the chairman of Latvian Association of Local and Regional Governments Gints Kaminskis in an interview to Latvijas Radio.

Police to organize inspections in stores; parents asked to watch their children as well

For the new school year, Riga Municipal Police will be performing regular inspections at stores, bars and cafes from 21 August to 31 August, as well as the first days of September, to make sure minors are not sold alcohol and tobacco products, BNN was told by police.