bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 27.06.2017 | Name days: Malvīne, Malvis
LatviaLatvia

BNN summary of the week: Loginovs stays at the Freeport and Riga Coach Terminal to leave

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; Business; Fight; Decline; Truth and Growth.

Change: Relocation of Riga Coach Terminal to the ‘other side’ becomes more realistic

The relocation of Riga Coach Station to the ‘other side’ is becoming more and more realistic, as a proposal has been voiced to relocation Riga International Coach Terminal to Tornakalns. The planned construction of a transport hub in Tornakalns has already attracted funding of EUR 7 million from the European Cohesion Fund, as reported by Transport Ministry.

Mayor of Riga Nils Usakovs previously told Latvijas Radio that the coach terminal will likely be relocated, and that it would be necessary to combine it with suburban and public transport stops in Riga. One option would by building a transport hub beneath the new Central Station. Another includes relocating the terminal to Tornakalns, where it is also planned to build Rail Baltic Station.

Full article here: http://bnn-news.com/relocation-of-riga-coach-terminal-to-the-other-side-becomes-more-realistic-163778

Business: Government supports continuation of talks about purchase of shares in Conexus Baltic Grid

On Tuesday, 11 April, the Cabinet of Ministers supported continuation of talks with Conexus Baltic Grid shareholders about a possible procurement of shares in the company.

The state will evaluate its possible involvement in Conexus Baltic Grid to ensure energy security and form a regional gas market among Baltic States and Finland by 2020, BNN was told by Economy Ministry.

It will be possible to achieve the government’s goal by securing infrastructure development (Estonian-Finnish Balticconnectorun and Lithuanian-Polish GIPL connecting infrastructure), achieving high market efficiency and equality in competition, as well as securing price equalization with Central Europe.

Full article here: http://bnn-news.com/government-supports-continuation-of-talks-about-purchase-of-shares-in-conexus-baltic-grid-163780

Fight: Usakovs calls Latvia’s education minister a liar and fraudster

Baiba Brigmane, representative of Unity’s faction in Riga City Council, has requested to add the matter on Riga City Council’s behaviour in improving the quality of education in Riga’s general education facilities to the agenda of the next meeting of the city council’s Education, Culture and Sports Committee.

She also requests inviting to the meeting the management of schools in which result index of exams in the 2015/16 school year was below 30%.

In response to the claim that schools in Riga have low-quality education, Mayor of Riga Nils Usakovs posted a statement on this Facebook page, saying: «The Education Minister – is unprofessional and, possibly, a fraudster».

Full article here: http://bnn-news.com/usakovs-calls-latvia-s-education-minister-a-liar-and-fraudster-163913

Decline: Loginovs to continue working at Riga Freeport as advisor for Pecaks

Riga Freeport’s long-time CEO Leonids Loginovs will not stop working after retiring. He intends to continue working at the Freeport as the new CEO’s advisor, as reported by LTV.

Loginovs has been appointed as a freelance advisor to acting CEO Aigars Pecaks. Loginovs’ wage in the new post will be EUR 3,500 a month after taxes.

Full article here: http://bnn-news.com/loginovs-to-continue-working-at-riga-freeport-as-advisor-for-pecaks-163772

Truth: Estonian PM recognises gender pay gap as serious problem

It is necessary for Estonian society to address gender pay gap, said to be worst among EU nations, Estonian Prime Minister Jüri Ratas has evaluated.

«According to Eurostat data, our pay gap of 26.9 percent puts us at the very top in the European ranking; this situation has remained unchanged for several years now. Our message here should be clear and unambiguous — men and women must receive equal wages for the same job,» noted Ratas published on April 10, the European Equal Pay Day, as cited by the ERR.

Full article here: http://bnn-news.com/estonian-pm-recognises-gender-pay-gap-as-serious-problem-163696

Growth: World Bank asks Latvia to introduce labour force tax progressiveness

Latvia has to improve its tax system in order to offer its residents better services, say specialists of the World Bank in the report on Latvia’s tax system.

To reduce social inequality, the World Bank suggests introducing progressiveness for PIT in addition to social support for people with low income.

The World Bank notes – if Latvia wishes to realize residents’ hopes for better public services in healthcare, education and transport field, the country should consider the option to increase budget revenue by improving its tax system.

It is mentioned in the report that income tax and benefits are the most appropriate tools for the reduction of inequality. Progressiveness in PIT in addition to social support for people with low income could help reduce inequality in Latvia.

According to the World Bank’s estimates, introduction of three levels of PIT rates – 19%, 23% and 33% – and non-taxable minimum could help reduce inequality and raise budget revenue in Latvia.

Full article here: http://bnn-news.com/world-bank-asks-latvia-to-introduce-labour-force-tax-progressiveness-163881

Ref: 224.109.109.5090


Leave a reply

  1. alex says:

    Мошенник Писарчук Сергей кинул Гайкa Магакелянa почти на миллион долларов, развёл на покупку завода владельца компании «Афина Паллада».

    Thumb up 0 Thumb down 0

Role of NATO forces in Latvia’s state defence to be discussed in detail

On Tuesday, 27 June, Commander of Latvian National Armed Forces Major General Leonids Kalnins will meet with Lieutenant General Manfred Hofmann, who is the NATO's Multinational Corps North-East Headquarters Commander.

After successful Italian local election, Berlusconi sets sights on returning to power

Former Italian Prime Minister Silvio Berlusconi, who has been convicted of tax fraud, has hailed the results of the large support his party has received in alliance with two other parties in the Italian local election.

LCCI decides to request a review of state expenditure

During an extraordinary meeting on Monday, 26 June, Latvian Chamber for Commerce and Industry decided to withdraw its support for the medium-term tax strategy until the government is ready to return to guidelines approved by the Cabinet of Ministers.

London outlines UK’s offer for post-Brexit stay of EU nationals

British Prime Minister Theresa May has stated she wishes for citizens of European Union member states to remain in the UK after the country leaves the bloc, outlining an offer for Brexit talks with Brussels.

Latvian ruling coalition agrees to introduce progressive PIT rate

The ruling coalition in Latvia has reached an agreement to differentiate personal income tax rate at 20%, 23% and 31%, as Prime Minister Maris Kucinskis told journalists after the coalition meeting.

Latvian Transport Ministry signs memorandum with Chinese Xinhua news agency

Transport Ministry’s State Secretary Kaspars Ozolins and Xinhua Vice-President Liu Siyang signed a memorandum on cooperation for mutual exchange of information associated with transport and logistics sector, BNN was informed by the ministry.

Opinion: Latvia is behind other countries both politically and economically

«Unfortunately, often the desire of our politicians to defend national interests is on par with that of the American president in relation to activities of Russian hackers. When two transit companies asked the government to compensate income of EUR 8.3 million lost because of the government’s stance on Ventspils Freeport’s involvement in Nord Stream 2 project, those businessmen were immediately called shameless,» Dienas Biznes journalist Egons Mudulis comments the situation with Nord Stream 2 project in Latvia.

Trial against Yanukovych suspended in Ukraine

A court in Kyiv has suspended the trial against the former President of Ukraine, Viktor Yanukovych, over state treason charges. Kyiv Obolonskiy district court, Yanukovych's lawyers opposed the petition of state prosecutor Ruslan Kravchenko on the application of special judicial proceedings in the case in the absence of Yanukovych from court.

First share trading platform opens in Baltics

The first share trading platform in Baltic States – Shareswall portal – has officially opened.

Harmony comes to power in Daugavpils

With a majority of votes, Harmony’s candidate Andrejs Elksnins was elected as chairman of Daugavpils City Council on Monday, 26 June. This means this party is now in charge of two of Latvia’s largest cities.

Week in Lithuania. Lithuanian satellite launched to space

Lituanica SAT-2, a satellite developed by scientists of the Vilnius University and NanoAvionics company, was launched to space on a rocket from India on Friday, June 23.

Employers: to increase wages, tax rise must not be allowed

«Social and cooperation partners have taken active part in the development of tax reform guidelines. Nevertheless, the ruling coalition is taking its time with making this important decision. On top of that, the ruling coalition is ignoring opinions from employers and employees,» say Latvian Employers' Confederation.

Residents of fire unsafe London blocks asked to move out

Following the tragic London fire, local authorities are asking residents of fire unsafe tower blocks to move out, despite resistance from some residents.

LOS: chopping down trees while bird eggs are still in nests is intentional murder

Estimates presented by Latvian Ornithological Society show that every year more than 50,000 bird nests are destroyed by logging every year.

37.34 million euros – costs for inter-institutional information exchange

The costs of information exchange among state institutions are estimated around EUR 37.34 million, as stated by the State Chancellery.

Entire week expected to be rainy in Latvia

This week’s weather is expected to be volatile in Latvia. Air temperature this week will not exceed +25° C, according to the forecast from the State Environment, Geology and Meteorology Centre.

Italian government bails out two banks for billions of euros

The government of Italy has intervened in the country’s commercial banking system to bail out two vulnerable banks for a total of 5.2 billion euros.

BNN summary of the week: Latvia’s tax reform progress and gas pipeline project fights

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

Real estate purchase «pain threshold» in Latvia – EUR 100,000

In relation to the possibility of purchasing a new home, Latvian residents view EUR 100,000 as the «pain threshold». The critical border for new project apartments is 1,300 EUR/m2. For standard apartments it is 1,000 EUR/m2. For private homes it is 1,600 EUR/m2, according to results of a study by PrivatBank.

Lembergs & Co. gathered to discuss «problems» of the high and mighty

Political businessman Ainars Slesers held a friendly discussion with his associates – Aivars Lembergs, Andris Ameriks, Janis Urbanovics, Janis Duklavs and Valerijs Kargins – at Ridzene Hotel. The group discussed toppling Valdis Dombrovskis’ government, replacement of multiple high-ranking officials and the possible sale of pieces of land within Riga Freeport’s territory, according to transcripts from the conversation published by Ir magazine and provided by anonymous sources.

Lithuania set to limit cash payments to 3,000 euros

The Farmers and Peasants-led Lithuanian Cabinet has approved a draft bill envisioning restrictions on use of cash, limiting the kind of settlements up to 3,000 euro.

Saeima establishes indexation increase for pensioners with high seniority

On Thursday, 22 June, Latvia’s Saeima approved Social and Employment Matters Committee’s prepared amendments to the Pension Law in two readings, ensuring greater pension indexation for multiple pensioner groups next year.

Romanian Parliament ousts Grindeanu government

The Romanian government of Prime Minister Sorin Grindeanu has not survived a no-confidence vote and has fallen after less than six months in power.

Rail Baltica agreement will allow trains to travel at 240 km/h

Saeima of the Republic of Latvia will soon ratify Rail Baltica agreement, which is expected to allow passenger trains to travel at a speed of 240 km/h instead of 120 km/h. Higher travel speed will also ensure cargoes from Tallinn reach Poland within two days.

Mamikins: Latvia is becoming a landfill for rich European countries

A very large fire took place at an illegal landfill in Jurmala this week. According to information from the State Environmental Protection service, the fire had engulfed 23 tonnes of waste, mainly plastic waste, says Latvian MEP Andrejs Mamikins.

Newest comments