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Saturday 24.06.2017 | Name days: Jānis
LatviaLatvia

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.

Study: water can help improve memory

For years, dieting and healthy lifestyle specialists have been preaching the importance of sufficient water consumption. Water is known to have a beneficial effect on the function of the human organism. Most importantly – water helps improve the sharpness of our minds.

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.

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.

Latvian businessmen use e-commerce opportunities for business development

With e-commerce volumes growing around the world, Latvian businessmen use it more and more often for business development, including exports of goods and services. As noted by DPD, the number of packages sent to foreign countries grew 22% last year.

Latvia wishes to change its state president’s election process

Reviewing proposals to change the state president’s election process, Saeima’s Legal Affairs Committee decided to submit proposals developed by the work group to different Saeima factions for review, as BNN was informed by Saeima’s press-service.

Saeima plans to introduce personalized voter cards

For next year’s Saeima elections, voters who only have an ID card and no valid passport are planned to be provided with personalized voter cards.

Producer price level in industry up 0.4% in Latvia

Compared to April, the level of producer prices in Latvian industry grew by 0.4 % in May 2017. The prices of products sold on the domestic market increased by 0.3 %, whereas the prices of exported products grew by 0.5 %. The prices of products exported to euro area countries grew by 0.8 % and of products exported to non-euro area countries – by 0.4 %.

Foreign investors do not support amendments proposed for Financial Instruments Market

The Foreign Investors Council in Latvia does not support proposals for protection of rights of minority shareholders, which are include and proposed in amendments to the Law on the Financial Instruments Market.

Latvian government asked to compensate profits lost from rejecting Nord Stream 2

Considering the stance of the Latvian Republic in relation to Nord Stream 2 project, in which the Cabinet of Ministers decided not to permit the participation of Ventspils Freeport, Noord Natie Ventspils Terminal and Baltic Express have decided to ask the government to compensate lost profits. An official request has been submitted to the prime ministers.

Hospital: countryside residents with no easy access to a urologist are at risk

For the third consecutive year urologists from Riga Eastern Clinical University Hospital’s travel to Latvia’s far-away regions to provide men there with free health check-ups and consultations. This year urologists decided to visit Dobele, Cesis, Rezekne and Jekabpils.

Latvia wants to introduce electronic working time tracking in construction

Saeima’s Budget and Finance Commission has expressed unanimous conceptual support for amendments to the Law on Taxes and Duties. These amendments provide for the introduction of electronic working time tracking system in construction, as BNN was informed by Saeima’s press-service.

Businessmen remain worried about availability of qualified workers in Latvia

For a long time now businessmen have been concerned about the lack of qualified labour force in Latvia. Their fears only continue to grow. 64% of interviewed businessmen believe the general availability of required labour force is poor and 33% of businessmen think the situation will only get worse in the future, according to results of Citadele Index.

CSB: demand for labour force continues growing

At the end of Q1 2017, there were 15.7 thousand job vacancies in the country, and the indicator has risen by 1.9 thousand or 13.6 %, as compared to Q1 2016, and by 1.3 thousand or 8.7 %, compared to the end of 2016.

Latvian residents have weak knowledge of personal credit history

A quarter of Latvian residents do not know what private credit rating is, according to results of a study performed by the Credit Information Bureau and Snapshots.

CAA: Latvia does not have any real punishments for improper use of UAVs

Use of unmanned aerial vehicles or UAVs in Latvia is governed by regulations. However, there are no special punishments for violations associated with use of UAVs, said Director of Civil Aviation Agency Maris Gorodcovs in an interview to LTV.

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