bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 21.05.2018 | Name days: Ingmārs, Ernestīne, Akvelīna
LatviaLatvia

BNN summary of the week: influenza epidemic in Latvia; Germany vs. European Commission

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; Fight; Business; Proposal; Decline; Recommendation; Future.

CHANGE: government asked to extend notification period for place of residence abroad

Saeima’s Citizenship, Migration and Social Cohesion Committee has decided to ask the Cabinet of Ministers to extend the period of time within which residents are obligated to report their registered place of residence in foreign countries, as reported by Saeima’s press-service.

The committee will ask the Cabinet of Ministers to extend the period of time to three months instead of the current one month period.

Previously, European Latvians Union’s representative informed members of the Saeima about certain problems members of Latvian diaspora face when registering their place of residence abroad with Latvia’s Population Register. One problem mentioned by the representative is the short period of time given to individuals to register their place of residence with the institution. This period of time should be extended, said the union’s representative, adding that citizens of EU member states have the right to remain in other member states for a period of up to three months with the only requirement for them is having a valid passport.

Full article here

FIGHT: conflict brewing between European Parliament and Germany about Nord Stream 2

Germany’s decision to permit Gazprom to build Nord Stream 2 gas pipeline in its territorial waters is against European Parliament’s position on this matter. A serious conflict is in the works between EP and Germany. So it is possible there could be even more opposition against Nord Stream 2, says MEP Krišjānis Kariņš from the People’s Party in the European Parliament.

Kariņš reminds that members of the parliament have always been against this project. They have invited the European Commission and member states to halt this project on multiple occasions. At the same time, the parliament is currently actively working on amendments to the Directive on Gas to ensure European Commission has a real weapon to stop this project.

Full article here

BUSINESS: airBaltic commences cooperation with Air Malta

Latvian airline airBaltic and Malta’s national airline Air Malta have signed an agreement for joint flights. This partnership will provide airBaltic passengers with the opportunity to reach Malta from airports around Europe and travel to other destinations around the world from Malta.

Air Malta will provide passengers with better connectivity in Baltic States and Eastern Europe, airBaltic reports.

«We are happy to work with Air Malta. It will help us improve our strong cooperation network with other airlines. All of this will provide convenient travel arrangements for our passengers. This new cooperation agreement will improve airBaltic services in Malta and Baltic States, allowing passengers to travel using this route through airports in Vienna, Brussels, Frankfurt, Amsterdam, London, Geneva, Zurich and others,» says airBaltic CEO Martin Gauss.

Full article here

PROPOSAL: Ratas encourages EU to look into dropping annual switch summer time

Estonian head of government Jüri Ratas has voiced his support to the idea of the EU dropping the European Summer Time in accordance to which clocks are turned by one hour forward from spring to fall in the majority of EU member states.

Estonian public broadcaster ERR reports, citing Estonian daily Eesti Päevaleht, that Ratas pointed to researchers having found negative affects people’s health and sleep cycles due to the turning of the clocks two times a year.

Full article here

DECLINE: does transit face a hard landing in Latvia?

The fact that Latvia’s ports will feel the pressure from cargo decline even more was clear since the exchange of sanctions between the European Union and Russia. Consequences to this are still present. Some industries have felt this more than others. One of the industries that have suffered the most is Latvia’s transit industry, as reported by ventspilnieks.lv portal.

Russia continues diverting more and more of its cargoes to its own ports, rather than ports of Baltic States. This is demonstrated by the compilation of last year’s indexes: turnover of cargoes at Russian ports had grown to reach 787 million tonnes last year, which is 9% more when compared with the year before. Latvia, on the other hand, suffered a 2% decline for cargo turnover, as reported by the portal.

This year is unlikely to be fruitful for cargo turnover either, and there are several reasons for that. The main objective is at least maintaining the current turnover volume and continuing the search for other solutions.

Last year, Latvian ports handled a total of 61,877 million tonnes of cargoes, which is 2% less when compared with 2016, according to data published by Transport Ministry. The largest turnover was recorded for bulk cargo segment: 33.362 million tonnes were transshipped, which is a 1.7% increase. The volume of coal cargoes handled by Latvian ports reached 17,591 million tonnes, which is 5.2% more than the year before. Still, a positive tendency was demonstrated by large turnover numbers at the beginning of the year, when Russian ports simply could not handle the volume of cargoes coming in, which forced them to divert to other ports, including ones in Latvia.

Full article here

COOPERATION: Lithuania seeks to deepen economic ties with Georgia

Lithuanian head of government Saulius Skvernelis has went on a visit to Georgia, where in talks with his Georgian counterpart Giorgi Kvirikashvili he has discussed ways to expand economic relations between the two friendly nations.

Georgian news website Georgia Today reported that after their meeting Skvernelis said in a press conference that Georgia has made a lot of progress in terms of reforms and the implementation of Association Agreement with the EU: «Georgia absolutely deserves the title of the Eastern Partnership leader, and we are sure that Georgia will maintain its leading position. This is the result of sustained efforts of the Government of Georgia, and we will always support Georgia’s European and Euro-Atlantic integration».

Full article here

RECOMMENDATION: people with flu should remain indoors for the duration of influenza epidemic

People suffering from influenza or other illnesses of the upper respiratory system should stay home and contact their family doctor as soon as the first symptoms appear to commence treatment as soon as possible, as noted by State Emergency Medical Service (SEMS).

SEMS director Liene Cipule notes: «An ambulance does not provide medical assistance in situations when people have the flu or other kind of respiratory illness. Our goal is providing medical assistance in situations when people’s lives are in danger. In most cases when residents call us, they need a family doctor’s consultation. 97% of cases involving acute respiratory illnesses are in the hands of family doctors. Treatment should be started as soon as possible to avoid future complications.»

Full article here

FUTURE: growth will continue, but ‘overheating’ risk will remain for businesses

In its latest rating, Coface international credit risks insurance company has upgraded ratings for Ukraine, Georgia, and Netherlands. Experts say there is a possibility of businesses overheating. That and political tension will be among the main business risks in 2018.

According to the new business risk rating, global trade growth has had a very positive effect on multiple open economy countries. Indexes have been improved for Netherlands (A1), South Korea (A2) and Taiwan (A2) in this quarter. With consumers’ and businesses’ confidence gradually returning, the business environment is set to improve in Greece as well. Indexes of Baltic States remain unchanged – A3 or satisfactory for Latvia and Lithuania. Estonia’s index is A2.

In spite of high political risks, Coface has improved indexes for Ukraine (C), Georgia (B) and Moldova (C). Kazakhstan’s business environment has benefited from growing oil collection and investments in China’s New Silk Way project. Risk assessment has been downgraded for Saudi Arabia (C), where increasing political tension hurts the business environment. In addition, economy of the Middle Eastern country relies a great deal on oil prices, which remain volatile.

Coface experts mention that three main business risks in 2018 are associated with overheating in developed countries, bank crisis risk in China, as well as political risks around the world. 2018 will be a year of elections for many countries, especially in Russia and Mexico, where high political risks are maintained by risks of social instability.

Full article here

Ref: 224.109.109.0941


Leave a reply

Association: loan repayment indexes improve in non-bank consumption loan segment

In 2017, members of Latvian Association of Alternative Financial Services issued in loans EUR 180.5 million. Compared to 2016, this is an increase of 6.9%. Members’ credit portfolio was EUR 88.7 million at the end of 2017, which is 8.1% more than a year ago.

Estonian producer prices higher by 2.1 on year, due to energy supplies

Estonian producer price index of industrial output increased by 2.1% between April 2017 and April this year, Estonian statisticians have estimated.

Vitol: limitation of shell companies’ activities cannot possibly affect transit companies

Changes to the law that provide restrictions for shell companies cannot possibly affect transit companies. Because of that, claims voiced prior to adoption of said amendments and their possible impact on transit sector seem rather confusing, says Vitol Baltic chairman Robert Kirkup.

De Facto: Latvian minister’s business partner manufactures ships for Russian army

Latvian Agriculture Minister Jānis Dūklavs’ business partner in Piebalgas alus brewery – Russian businessman Igor Shekhelev – manufactures ships for the Russian army, as reported by De Facto programme of LTV.

Property-sharing site Airbnb agrees to share owner income with tax authority

The home-renting service Airbnb has agreed to automatically report homeowners' income to tax authorities in Denmark in a landmark agreement, which is expected to make it easier to detect tax evasion by homeowners, who are renting out rooms and houses on the website.

Latvia shipped 11.7% more oil products in Q1 2018

As part of the postponed excise tax payment regime, the volume of oil products shipped from Latvia in Q1 2018 was 13,869 or 11.7% larger than the one recorded in the same period of 2017, according to data compiled by the State Revenue Service.

What have Italian makers of government agreed on?

In Italy, the two populist parties preparing form a national government have published joint policies including tax cuts, a guaranteed basic income for the poor and deportations of 500,000 migrants.

Thunderstorms expected in Latvia this week as well

On Monday, 21 May, weather in Latvia will not change much – dry and not cloudy for the most part. On Tuesday and Wednesday, however, precipitation areas will pass through Latvia, bringing heavy rainfall, thunderstorms and strong wind, as reported by Latvia’s Environment, Geology and Meteorology Centre.

Week in Lithuania. Liberal Movement to turn to court over VSD statements

The board of Lithuania's Liberal Movement has decided to turn to court over information published by the State Security Department, allegedly damaging the party's reputation.

BNN summary of the week: distorted state administration, Liepājas metalurgs recovery, and Latvia unemployment level

BNN offers a summary of this week’s topical news in a variety of categories: Change; Growth; Business; Fight; Future; Opinion

New approach to combating drunk drivers – forced correction programme

Latvia’s Justice Ministry reports that the administrative penalties reform proposes introducing stricter punishments for drunk drivers. If a person is caught drunk driving, their license would be confiscated. On top of that, to recover the license, that person would have to pass a social correction programme.

Latvian MEP to «cause a scandal» where he can to stop school reform

Members of the European Parliament Andrejs Mamikins and Miroslavs Mitrofanovs have gathered support from 114 of their fellow MEPs to request the Latvian government and Saeima to review the already approved amendments to the Education Law and General Education Law that govern realization of the national minorities’ school reform, as confirmed by Mamikins.

Germany criticises U.S. attempts to block Nord Stream 2 gas pipeline

As to the controversial Nord Stram 2 Russian gas pipeline via Baltic sea to Germany, the German Economy has evaluated that American attempts to block it could be aimed at increasing U.S. a planned Russia-Germany gas pipeline to increase its own energy exports.

Number of complaints about taxi services at Riga International Airport on a rise

The number of complaints about taxi services at Riga International Airport continues to increase, said the airport’s board chairperson Ilona Līce in an interview to 900 seconds programme of LNT.

Ryanair sees Estonia as important market, considers local hub option

Irish low-fare airline Ryanair considers Estonia an important market, the firm's chief executive Michael O'Leary noted while visiting Tallinn earlier in the week.

Minister: UN should act to call violators of international law to justice

«The United Nation Security Council, as the main institution maintaining peace and security, has a special responsibility, because its activities affect compliance with international law,» says Latvia’s Foreign Affairs Minister Edgars Rinkēvičs.

Banks to report private persons whose account turnover exceeds EUR 15,000

From 18 May onward, banks will have to report private persons whose annual account turnover exceeds EUR 15,000, as provided by the Cabinet of Ministers’ supported order, under which the State Revenue Service is to be provided with information about a private person’s turnover and balance.

Baltic States request expanding NATO’s battalion with air and naval forces

Baltic States plan to request expanding international NATO battalion with air and naval forces, as confirmed by Lithuanian Foreign Affairs Minister Lino Linkevičiaus, who met with US President’s National Security Advisor John R. Bolton in Washington alongside his Latvian and Estonian colleagues.

Poland uncovers Russian hybrid war networks

Poland has detained a Russian national suspected of working with accomplices to stimulate social tension with neighbouring Ukraine and neutralised two Russian hybrid war networks, the Polish Internal Security agency has stated.

Weather in Latvia to remain moderately warm in Latvia; precipitation to be low

On Friday, 18 May, some areas of Latvia will experience thunderstorms. However, starting from the end of the week, weather will become dry again with little precipitation. Rain cloud will form above Latvia in the second half of the week, as reported by Latvian Environment, Geology and Meteorology Centre.

Construction output rise in Latvia was more rapid than EU’s average level in Q4 2017

Compared to last year’s October-December, Latvia’s construction output in Q4 2017 grew 19.9%, which is a much more rapid rise than the average in the European Union, according to data published by Eurostat on Thursday, 17 May.

Latvian Saeima’s committee does not support Kušners’ re-approval in Bank of Latvia council

On Thursday, 17 May, Saeima’s Budget and Finance Committee decided not to recommend Edvards Kušners for a repeated term in the council of the Bank of Latvia.

Control Service Chief: wages in the service should be twice as large

Wages in the Anti-Money Laundering or Control Service should be equal to what is paid to people working in the Finance and Capital Market Commission, so twice as large as it is now, said Control Service’s Chief Ilze Znotiņa in an interview to Ir magazine.

SEB Bank’s factoring portfolio up 41% in the first quarter of 2018

In addition, similar to the volume of goods and services of Latvia’s exporting companies, which had increased unexpectedly rapidly in Q1 2018 – by 15%, there has also been a significant increase for the number of factoring deals.

Latvia experienced a rapid increase in registration of new cars in January-April period

In the first four months of 2018, Latvia has experienced a more rapid increase of newly registered cars than the average in the European Union, according to information from European Automobile Manufacturers' Association.