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Tuesday 25.07.2017 | Name days: Jēkabs, Žaklīna
LatviaLatvia

Five European companies agree to finance Nord Stream 2

Nord Stream 2 and five European energy companies have signed the project’s financing agreement and have shown their readiness to provide funding equal to 50% of the project’s total costs, as confirmed by the company.

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.

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.

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.

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.

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.

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.

Progress in the realization of insolvency reform in Latvia

New regulations listed in the Insolvency Law provide for increasing the role of creditors in the choice of figures supervising legal protection processes, as well as enhancing the work of administrators in supervisory institutions – expanding the capacity and authority of the Insolvency Administration in performance of supervisory functions and raising qualifications of employed administrators, as reported by Justice Ministry.

Weather in Latvia to be windy and rainy for the next couple of days

The end of this week and beginning of the next will be windy and rainy in Latvia, as reported by the State Environment, Geology and Meteorology Centre.

Riga International Airport will have a new air traffic control tower

Latvijas Gaisa Satiksme promises that Riga International Airport will have a new, modern air traffic control tower in 2013.

Latvia’s financed loan volume increased by 72 million euros in Q1

In Q1 2017, loans worth more than EUR 94 million were issued through Latvian loan platforms, according to data compiled by Latvian Association of Alternative Financial Services.

Number of passengers carried by airBaltic grows 12%

Latvian national airBaltic airline carried 224,921 passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East in March. This means a 12% increase in comparison with last year, BNN was told by the airline.

Birth rates in Latvia 6.9% behind previous year

Compared to the same period one year ago, 365 children fewer were born in Latvia in Q1 2017, which means a drop of 6.9 %.