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Tuesday 25.04.2017 | Name days: Līksma, Bārbala
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BNN summary of the week: Loginovs stays at the Freeport and Riga Coach Terminal to leave

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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: 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

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  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

Vejonis and Reirs agree – orphanages should remain in the past

«The interest and needs of children should finally be at the centre of focus. The state and municipalities cannot be allowed to maintain a system of institutions that does not secure full and harmonic development for children,» said Latvia’s President Raimonds Vejonis during his meeting with Welfare Minister Janis Reirs on Monday, 24 April.

airBaltic commences the first charter flights with CS300 aircraft

Latvia’s national airBaltic airline and Tez Tours have commenced the first charter flights with the new Bombardier CS300 aircraft. Charter flights will connect Riga with Antalya, Heraklion, Bourgas and Rimini in the summer season.

Expert: technological companies lay the foundation for modern industry

Projects that are being worked on by science and high-technology companies based in Latvia lay the foundation for modern industry focused on the future, said the founder and manager of Commercialization Reactor acceleration platform Nikolajs Adamovics after the investors and partners day event.

State debt ratio in Latvia was the seventh lowest in EU last year

At the end of 2016, Latvia’s state debt was the seventh lowest among European Union member states, according to data published by Eurostat on 24 April.

Estonian parents increasingly refuse to vaccinate their kids

Estonian health officials have voiced concern that the number of parents refusing the chance of vaccinating their children against a number of infectious diseases is increasing in the northern-most Baltic country.

Rail Baltica’s predicted expenses – benefits outweigh the costs

The costs of Rail Baltica standard European railway line project could be equal to EUR 5.7 billion, as reported by Rail Baltica Global Forum 2017 EY partner in Baltic States Nauris Klava.

Murniece: Latvia still views EU as a strong and independent union of countries

Residents of the European Union expect safe and economic growth, said Saeima speaker Inara Murniece on Monday, 24 April, in her speech at a meeting of colleagues from EU parliaments in Bratislava, Slovakia.

Nordic countries re-launch assistance to Baltic Russian-language media

The Nordic Council of Ministers has stated it would continue supporting financially Russian-language media adhering to journalism standards and having a media-critical approach.

Cido commences exports of juices to Northern Africa

Baltic beverages producer Cido Group continues developing its export potential. The company has commenced exports of juices to Libya this year. This is the first African country that values juices produced in Latvia. Until now, Latvian juices have been exported to markets like China and United Arab Emirates, as reported by the company.

Large cities do not support initiative to increase taxes on alcohol and fuel

Next year’s budget gap is EUR 460 million, which in planned to be compensated by raising taxes for alcohol and fuel. Large Latvian municipalities do not support the government’s proposed tax reform, as reported by Nekā personīga.

Authorities identify multiple suspects in Skonto stadium sale’s criminal case

There are multiple suspects in the criminal process launched for the Skonto stadium’s sale, as reported by De Facto programme.

Catholic Pope sees migrant centres as concentration camps

Roman Catholic Pope Francis has characterised many migrant centres in Europe as concentration camps.

April’s last week will be cool and rainy in Latvia

Latest forecasts confirm that cold masses of air will remain in Latvia until the end of April and warmer masses of air are expected to enter the country at the beginning of May, as reported by Environment, Geology and Meteorology Centre.

Run-off to decide next French President

Centrist Emmanuel Macron has won the first round of the French presidential election, who will on May 7 compete against far-right candidate Marine Le Pen. According to reports, it is the first time in six decades that neither of France's main left-wing or right-wing parties has had a candidate in the second round.

Karins: Theresa May’s stance on Brexit is unclear

British Prime Minister Theresa May personally did not support Brexit. Because of that, her personal stance in the upcoming Brexit talks is unclear, says Latvian MEP Krisjanis Karins.

Week in Lithuania. Imports from Belarus' Astravyets NPP restricted

Seimas on Thursday, April 20, adopted a bill to restrict electricity imports from the Astravyets nuclear power plant under construction in Belarus and other unsafe nuclear facilities in third countries.

Wider economic cooperation between Latvia and Singapore planned

As reported by Finance Ministry, work will be performed to establish wider economic cooperation between Latvia and Singapore, both in the field of tax administration and investments.

Lange: poor road quality causes drivers to lose more than one billion euros every year

Poor road quality in Latvia causes losses for drivers worth more than one billion euros every year, announced Janis Lange, chairman of Latvijas valsts ceļi, at an annual conference on Friday, 21 April.

Latvia and Lithuania continue work on single gas market’s development plan

Latvia and Lithuania continue working on single gas market development plan, BNN was told by Latvian Economy Ministry.

Belarus values Latvia’s experience developing e-management

Belarus values Latvia’s positive experience in development of e-management. Constructive cooperation in this field has provided residents in Latvia and Belarus with cheaper roaming tariffs and improved mobile broadband development, as reported by Environment Protection and Regional Development Ministry.

Poor skills in digital technologies can reduce one’s competitiveness on the market

Only 2% of board members in Latvia’s leading retail trade companies have skills working with digital technologies. The same applies to 6% of board members in transport and logistics companies, 4% - in energy companies and 0% in manufacturing companies, according to results of a study performed by personnel selection company Amrop.

Government decides not to support Ventspils’ involvement in Nord Stream 2

This week, Latvian government decided behind closed doors not to support the involvement of Ventspils Freeport in the Nord Stream 2 project, according to publicly available information.

Estonia to invest millions in IT and technology business development in regions

Close to 160 million euros are planned to be invested in developing the sector of information and communications technologies in Estonia outside larger cities, according to a state budget strategy for 2018-2021 by the Estonian government.

Bite buys Unistars and gains access to 5G frequency

Mobile communications operator Bite has bought telecommunications company Unistars, making a major step towards introducing 5G network in Latvia, as reported by Bite manager Kaspars Buls.

Study: Latvian businessmen feel threatened the most by increasing tax burden

Nearly all Latvian CEOs expect competition to grow in the future. In addition, this will happen in conditions of deficit of qualified workers, according to results of a study performed by PricewaterhouseCoopers.