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Friday 20.04.2018 | Name days: Mirta, Ziedīte

SEB survey: 23% of residents would like to change housing, but cannot afford it

Nearly 23% of Latvia’s residents would like to change their current housing, but are unable to afford it. This is because they either have not money to do it on their own, or cannot afford a loan, as concluded in SEB Bank’s survey.

Latvia’s retail trade turnover increased 4.2% in 2017

Compared to 2016, total retail trade turnover rose by 4.2 % in 2017. Turnover of retail trade in food products increased by 3.9 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, grew by 5.1%, whereas turnover of retail sale of automotive fuel – by 2.9 %.

Maxima sees surge of sales of vegetarian and vegan food products

Sales of vegetarian and vegan food products have grown more than 70% in Maxima Latvia stores, as BNN was informed by the company.

Unknown robs Latvijas PrivatBank clients’ private safes

Private safes of multiple Latvijas PrivatBank clients were robbed last Thursday, as reported by LNT News.

Baltic International Bank increases base capital by six million euros

In support of expansion of Baltic International Bank’s activities in Latvia and other target markets, the bank’s shareholders have decided to increase the bank’s capital by six million euros, as mentioned in information submitted to Nasdaq Riga.

Association shocked over Healthcare Ministry’s decision aimed against junior doctors

Latvian Healthcare Ministry has plans for a meeting to discuss wages of medical personnel. However, Latvian Medial Association’s (LMA) delegated representatives from Junior Physicians Association are not allowed to participate, says LMA representative Sendija Burka-Šaicanova.

Unresolved question: does transit face a hard landing in Latvia?

The fact that Latvia’s ports will feel the pressure from cargo decline even more was clear since the exchange of sanctions between the European Union and Russia. Consequences to this are still present. Some industries have felt this more than others. One of the industries that have suffered the most is Latvia’s transit industry, as reported by portal.

Latvia’s export and import volumes still behind Lithuania and Estonia

Latvia’s export and import volumes were below those in Lithuania and Estonia in 11 months of 2017. Latvia also had the highest foreign trade deficit among Baltic States, according to data from the Central Statistical Bureau of Latvia.

Latvia’s President wants to preserve term restrictions for chairmen of courts of law

Latvia’s President Raimonds Vējonis has submitted amendments to the Law on Judicial Power. Amendments propose restrictions for chairmen of courts of law to take post for more than two consecutive terms.

Green public procurement criteria are applied to only 12% of procurements

Only 12% of public procurements are applied with green public procurement criteria, according to information compiled by Procurement Monitoring Bureau for last year.

Layer of snow to increase and air temperature to drop in Latvia

On Monday, 29 January, a cyclone will pass through Estonia and Latvia’s northern parts. A precipitation zone associated with that cyclone will pass through as well, bringing rain to the country’s western and central regions, and snow to eastern regions, as reported by State Environment, Geology and Meteorology Centre.

Construction costs in Latvia up 3.1% over the course of the year

Compared to December 2016, the level of construction costs in Latvia increased by 3.1 % in December 2017. Labour remuneration of workers1 increased by 7.5 %, maintenance and operational costs of machinery and equipment - by 2.3 %, but prices of building materials - by 1.8 %.

Latvian MEP submits proposals to improve European Parliament’s direct investments control

Investments from Russia and other countries could potentially create threats to security and public order in the European Union, said MEP Roberts Zīle.

Plenty of precipitation for end of January – rain in the west, snow in the east

Some precipitation is expected in Latvia on Friday, 26 January, and the night to Saturday. Snow and wet snow is expected in Latvia’s eastern parts, where air temperature will stay at 0° C. The layer of snow there is expected to increase by 4-8 cm, as reported by Latvian State Environment, Geology and Meteorology Centre.