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Monday 18.06.2018 | Name days: Madis, Alberts
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Latvian government commences work on MPC termination

To prepare a report on mandatory procurement component and subsidized electricity system’s influence on national economy for 1 August, a work group responsible with cancellation of MPC payment system gathered for a first meeting, as reported by Economy Ministry.

European Affairs Committee supports stricter restrictions on use of neonicotinoids

Latvian Saeima’s European Affairs Committee has voiced support in regards to European Commission’s proposal to establish new restrictions on the use of neonicotinoids. This is necessary to respond to concerns that this substance is harmful to bees, as reported by Saeima’s press-service.

Latvia’s Saeima supports starting school at the age of six

Latvia’s parliament supported in the first reading amendments to the General Education Law and Education Law that provide a flexible transition to compulsory primary education at the age of six, as confirmed by Saeima’s press-service.

April’s final week expected to be warm and rainy in Latvia

Warmer masses of air will flow into Latvia in the last days of April and the first days of May. It is possible that air temperature may reach +23° C. However, this warmth will pass with thunderstorms, as reported by State Environment, Geology and Meteorology Centre.

Study: wages in Latvia grew more rapidly in 2017 than they did in previous years

As a result of economic growth and increasing labour force demand, remuneration level in Latvia in 2017 has reached the most rapid rate in the past several years. Average net wage in Latvia has increased by 6%, reaching EUR 894, according to results of a study performed by CV-Online Latvia.

Number of foreign travellers in Latvia up 53.2% in past seven years

In 2017, foreign travellers crossed the border of Latvia 7.7 million times, which is 13.7 % more than a year before. Last year, foreign travellers in Latvia spent EUR 691.9 million – EUR 46.7 million or 7.2 % more than in 2016.

Experts shocked about HIV patients’ reluctance to undergo treatment

The number of HIV patients that underwent treatment in Q1 2018 did not change in Latvia even though a considerable amount of funding was allocated from the state budget for HIV/AIDS treatment in 2018. This creates concerns about HIV patients’ use of healthcare services, according to Association HIV.LV.

Latvian Saeima establishes ban for banks to service shell companies

Banks registered in Latvia will no longer be allowed to work with shell companies and service their accounts. This is provided by amendments to the Law on the Prevention of Money Laundering and Terrorism Financing approved by the Saeima on Thursday, 26 April, as confirmed by the parliament’s press-service.

Level of prices of agricultural products in Latvia grew 11.6% in 2017

The total price index of agricultural output in 2017 had increased by 11.6 %, which was mainly due to the rise in prices of livestock products of 25.8 %. The price index of crop products grew by 2.2 %.

51% of residents would not purchase goods production of which would pollute the environment

Environment-friendly lifestyle in Latvia, like elsewhere in the world, is becoming more popular every day. So-called green thinking also affects Latvian residents’ habits. 53% of Latvian residents prefer goods and services that help protect the environment, according to results of a study performed by AS Latvijas Zaļais punkts.

Latvia prepared to pay 4.8 million euros for participation in Expo 2020 in Dubai

Latvian government is prepared for participation in the international Expo 2020 in Dubai. Prime Minister Māris Kučinskis said after a meeting of the Cabinet of Ministers this Tuesday that it is planned to allocate EUR 4.8 million for this venture.

Saeima speaker in Tallinn: EU and NATO cooperation in defence should be enhanced

Close cooperation between European Union and NATO in defence is now more important than ever. This is especially true for cyber security and hybrid-thread prevention, said Latvian Saeima’s speaker Ināra Mūrniece during a meeting of EU member states parliaments in Tallinn on Tuesday, 24 April.

Demand for mortgage loans grew 53% in March

Increased demand for mortgage loans with state guarantees was observed in Latvia in March. Nearly every other loan application filed last month was intended for housing purchase using Altum guarantee. The largest amount of interest came from families with children, as reported by Citadele Bank.

Most businesses in Latvia still not ready for data protection regulation

The majority of businesses in Latvia are still not ready for EU General Data Protection Regulation, which is due to come to force on 25 May, says KPMG lawyer and certified data protection specialist Sanita Pētersone.

Norway interested in developing cooperation with Latvia in tourism industry

«Latvia welcomes successful regional and economic cooperation with Norway. Our countries have common values and goals – developing Baltic and Nordic countries as a wealthy and secure European region,» said Latvia’s Economy Minister Arvils Ašeradens during his meeting with Norwegian State Secretary for Trade, Industry and Fisheries Roy Angelvik.

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