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Tuesday 25.07.2017 | Name days: Jēkabs, Žaklīna

BNN summary of the week: Lembergs loses; Latvian economy’s gets positive outlook

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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, including change, business, fight, truth, growth and future.

Change: LRA and LA to start in elections together

On 1 February, political parties Latvian Association of Regions and For Latvia’s Development signed a cooperation agreement on joint start in upcoming Riga City Council elections. The candidate for the post of chairman of Riga City Council will be announced once both sides reach an agreement in talks of the work group of the two parties.

Full article here: http://bnn-news.com/lra-and-la-to-start-in-municipal-elections-in-riga-together-159558

Business: agreement signed for the realization of Rail Baltica project

On Tuesday, 31 January, Latvian Prime Minister Maris Kucinskis, Estonian Prime Minister Jüri Ratas and Lithuanian Prime Minister Saulius Skvernelis signed an inter-governmental agreement on the realization of Rail Baltica project.

Full article here: http://bnn-news.com/baltics-sign-agreement-on-realization-of-rail-baltica-project-159392

Fight: Riga Regional Court decides to keep Lembergs’ restriction to take important posts in force

On Monday, 30 January, Riga Regional Court satisfied infamous Ventspils resident Aivars Lembergs’ request to lift security measures applied to him, namely remainder under police supervision. However, the court refused to lift the restriction for him to take posts.

Full article here: http://bnn-news.com/riga-regional-court-maintains-lembergs-restriction-to-take-certain-posts-in-power-159387

Truth: Delna spots signs of state take-over in review of Insolvency Law

In December 2015, Providus think tank and Delna association noticed signs of state take-over in Saeima’s review of amendments to Insolvency Law. Authors of the proposal to lift official status for insolvency administrators delegated the duty to justify their initiative to representatives of the private sector in spite of serious opposition from Justice Ministry.

Full article here: http://bnn-news.com/delna-signs-of-state-take-over-noted-in-review-of-insolvency-law-159441

Growth: outlook for Latvia economy puts hopes on EU funds

Multiple economists have provided their views on this year’s GDP outlook based on the flash GDP estimate published by the Central Statistical Bureau of Latvia on 30 January. It is stated in the estimate that growth did become stronger last year when compared with Q4 2015, growing by 1.6%.

Full article here: http://bnn-news.com/predictions-about-latvia-s-economy-major-hopes-put-in-eu-funds-159352

Future: vision for Mukusala promenade after a couple of years

Riga City Council’s tender for Mukusala’s promenade with a view to Old Riga and Daugava islands was won by RUUME architects in cooperation with Olga Trebuhina, Marcis Kalnins and Baltex Group. They also offer a look at how it may look a couple of years.

Full article here: http://bnn-news.com/photo-vision-for-mukusala-s-view-promenade-in-a-couple-of-years-159403

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Duda to veto Polish judicial reforms

President of Poland Andrzej Duda has stated he would not announce the controversial reforms of the Polish Supreme Court and the National Council of the Judiciary passed in the Polish Sejm that have also sparked mass protests in the country.

Dairy product prices not expected to decline in Latvia soon

Prices of dairy products in Latvia will either remain on the current level or increase even more in the next couple of months. With that, there is no reason to expect price decline in the near future, predicts head of Agriculture Market Promotion Centre Inguna Gulbe.

Five insolvency administrators suspended due to criminal processes in Latvia

Five insolvency administrators have been suspended because of several criminal processes, said Director of Insolvency Administration Inese Steina in an interview to LNT 900 seconds.

Family doctors may change the form of strike if need be

Latvian Family Doctors Association could change the form of its strike of need be, as confirmed by the association’s representative Solvita Olsena.

Baltic animal rights organisations turn attention to fur farming ban in Czech Republic

Following the fur farming ban passed by the parliament of the Czech Republic, Latvian and Estonian animal rights organisations turn the attention of communities in Latvia and Estonia to the increasingly the ethical attitude of European countries to animal rights.

Toyota sales in Latvia up 25%

5,735 new Toyota cars were sold in Baltic States in the first six months of 2017, which is 33% more than last year. Toyota’s total market share in Baltics is 14.2%, BNN was informed by the company.

Number of accidents caused by tractors and size of claims on a rise

Over the course of the past several years, the number of traffic accidents caused by specialized agricultural vehicles and the size of insurance claims has grown in Latvia, as reported by Motor Insurers' Bureau of Latvia.

Businessmen offer to help fund railway works in Estonia rejected by minister

Entrepreneurs in Lääne County, Estonia, have offered the state to help with funding the reconstruction of a railway section, by attracting private money, but the offer has been rejected by Estonian Economic Affairs Minister Kadri Simson.

International Baltic Bikini military exercises to be organized in Latvia

Baltic Bikini 2017 military exercises will be taking place in Liepaja, Latvia, throughout 24 – 28 July. More than 100 Baltic and American troops will be participating together with State Border Guard and Emergency Health Service to practice survival skills, as reported by Defence Ministry.

SRS: envelope wages will be a priority this year

More than half of Latvian employers pay their employees wages below the minimal monthly amount, said Director of the State Revenue Service Tax Control Office Sandra Karklina Admine in an interview to Rīta panorama on Monday, 24 July.

Latvians hesitant to use electronic means to request benefits

So far, Latvia residents have been rather slow in the use of electronic tools to request benefits from the State Social Insurance Agency.

Orbán promises solidarity with Poland as it approves controversial court reforms

Following the criticism Warsaw has received in mass protests and from Brussels on the approval of a controversial court reform, the Prime Minister of Hungary Viktor Orbán has pledged to defend Poland in the European Union.

New Conservative Party takes away one seat from Latvian Farmers Union in Kekava

The New Conservative Party has taken away one seat in Kekava council from Latvian Farmers Union, according to provisional data of the Central Election Commission on repeated elections in Kekava’s 785 election site.

17 journalists of Turkish newspaper charged with aiding terrorist organisation

In Turkey, 17 journalists of the opposition newspaper Cumhuriyet are to be tried over charges of aiding a terrorist organisation and, if found guilty, they face up to 43 years in jail.

Week to be warm in Latvia, but some rain is still expected

At the beginning of the week, weather in Latvia will be dictated by a small cyclone with its centre above Lithuania. The precipitation zone associated with this cyclone will bring about rain to south-east parts of Lithuania, as reported by State Environment, Geology and Meteorology Centre.

BNN summary of the week: Kucinskis in Ridzene’s room and government’s rushed decisions

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

Tourists die in Aegean Sea earthquake

A powerful quake that struck in the Aegean Sea has taken the lives of two persons in Greece, local authorities have stated.

Fashion in business: how to be heard in the modern-day world?

It would seem that nowadays strict fashion trends have «died». This is because people for ways to look beautiful and comfortable. One of the minds behind TRÉS fashion line, Enija Mugurevica shares advice how to start a business in the fashion industry from scratch and be heard and noticed in the modern-day world.

FCMC fines Norvik Banka for EUR 1.3 million and Rietumu Banka for EUR 1.56 million

Finance and Capital Market Commission in cooperation with Federal Bureau of Investigation’s Counterproliferation Center found out in a target inspection that Latvian banks – Norvik Banka and Rietumu Banka – have not followed requirements of regulations for the prevention of money laundering and terrorism funding.

Saeima approves controversial amendments to Credit Institutions Law

On Friday, 21 July, Latvian Saeima approved amendments to the Credit Institutions Law, which were previously returned to the parliament for a repeated viewing by President Raimonds Vejonis, completely unchanged.

Bank of Latvia: tax reform is a disappointment; it will not improve competitiveness

The tax reform submitted to the Saeima for approval is one big disappointment that will not improve competitiveness, said head of the Monetary Policy Office of the Bank of Latvia Uldis Rutkaste in an interview to LNT 900 seconds.

Betsafe predicts: will Duklavs remain Latvia’s Agriculture Minister?

Although Unity has asked the Union of Greens and Farmers to replace Agriculture Minister Janis Duklavs with someone else after the scandalous oligarch talks in Ridzene hotel, Duklavs will likely keep his post, according to Betsafe bookmakers. There is a 33% probability of Duklavs losing his post.

Latvian alcohol industry has an offer to increase excise tax rate

Experience shows – rapid increase of excise tax results in rapid increase of prices and rapid decline of revenue for the state treasury. Based on careful calculations, Latvian Alcohol Industry Association asks the government to stick with the current excise tax increase plan.

Air temperature to reach +24° C… +25° C in Latvia on weekend

Weather is expected to be largely dry this weekend in Latvia. Next week, however, is expected to be rainy, as reported by State Environment, Geology and Meteorology Centre.