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Monday 24.04.2017 | Name days: Nameda, Visvaldis, Ritvaldis
LatviaLatvia

Eurobalt Junipro requests insolvency of Baltic Aviation Systems

On 4 January 2017, Riga City Northern District Court will view the insolvency case of Baltic Aviation Systems. Eurobalt Junipro turned to court with a case against the company, as confirmed by the court.

7% of Latvians are pessimistic about 2017

46% of Latvian residents believe 2016 was a successful year for Latvia. In regards to 2017, more than two thirds of respondents said next year may be as equally as successful as 2016 if not more so.

Changes to the social field that will come into force in Latvia next year

Welfare Ministry announces multiple major changes that will come into force in the social policy, social protection, children’s rights and family affairs in 2017.

Priority goal for new head of SEA – invalids’ entry to the labour market

The new head of the State Employment Agency Evita Simsone mentioned the entry of disabled people to the labour market as one of the new priorities for the institution. When asked about her vision and what needs to change in the institution, Simsone said she intends to continue the work the agency has been performing for the past 25 years.

New Year’s celebration in Latvia to pass under weather similar to last year’s celebration

No significant changes with weather are expected for Tuesday and Wednesday in Latvia. The active cyclone hovering above Latvia will ensure precipitation-rich period in the country. Wind speed will pick up to reach 25 m/sec on the night to Wednesday in Latvia’s coastal regions.

Researchers determine which countries’ children behave reckless the most on the internet

Kaspersky Lab has performed a study to determine children of which countries have been behaving risky on the internet this year. Based on statistical data from Christmas Control Module, the study showed that the majority of attempts of young users to access websites with inappropriate content was registered in Israel (775 blocked attempts per user), followed by UK (460), USA (352), Sweden (345) and Canada (302).

Latvian Shipping Company reaches an agreement on loan refinancing

Latvian Shipping Company has achieved an agreement in regards to loan contract conditions with a three-bank syndicate – HSH Nordbank, DVB Bank SE, SEB (Stockholm) – for the refinancing of the USD 360 million loan.

Saeima to discuss proposal to not apply PIT on pensions

On Thursday, 22 December, Saeima asked the parliamentary Social and Employment Matters Committee and Budget Finance Committee to review the proposal to lift the application of PIT on pensions.

Latvian residents pessimistic about chances of finding good jobs

As the year comes closer to its end, residents become more and more positive. Compared with October, residents’ overall prediction for the future has improved by three points. Optimistic changes are also noted in general expectations, which have improved by two points.

No snow for Latvia this Christmas

The first two ten-day periods of December have been warmer than the norm; multiple air temperature records have been exceeded. It is expected that air temperature across most of the country will remain above 0° C for Christmas as well.

Legislative acts for violence prevention and other decisions viewed by Saeima this week

On Thursday, 22 December, members of the Saeima will gather on the final autumn session of the year. There are 38 matters on the meeting’s agenda.

Nearly one-third of households hope for improvement of financial situation next year

Looking at changes of their financial situation, one-third of Latvian residents said the situation in their household has improved. Another one-third mentioned their situation has worsened.

Fourteen major legislative changes to come into force in Latvia next year

Minimal wage increase, not labour pay system for workers of certain sectors and amendments to unemployment benefits – these and other major legislative changes will come into force in Latvia next year and will affect all Latvian residents, as stated by SEB bank economist Dainis Gaspuitis.

PHOTO: winter solstice celebration in Old Riga

This Tuesday’s evening in Old Riga was livened up with traditional log-pulling through the streets of the old city, which culminated in log burning, folk dances, songs and games.

Next year’s budget priorities in Riga – education, school and street repairs

Riga City Council intends to keep budget priorities the same for 2017. This includes social assistance, support for families, education and security. It is also planned to divert significant funds towards repairs of streets and education institutions.

Amendments to Micro-enterprise Tax Law to come into force next year

Starting from 2017, micro-enterprise tax rate in Latvia will be 15% of turnover. At the same time, the government has decided to cancel the introduction of minimal social insurance fees. This is provided by amendments to Micro-enterprise Tax Law and State Social Insurance Law approved by the Saeima on Tuesday, 20 December.