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Monday 18.06.2018 | Name days: Madis, Alberts
LatviaLatvia

Fixed MPC portion to drop 27.8% for electricity users in July

From 1 July onward, the fixed portion of mandatory procurement component will decline by 27.8% for all electricity users, as reported by Public Utilities Commission.

Producer price level in industry grew 0.6% in Latvia in April

Compared to March, level of producer prices in the Latvian industry rose by 0.6 % in April 2018. Prices of products sold on the domestic market went up by 1.0 % and prices of exported products by 0.3 %.

Number of companies whose employees sort waste on a rise in Latvia

The battery-collecting campaign organized by AS Latvijas Zaļais punkts, SIA Officeday Latvia and SIA Fazer Latvia has concluded. Over the course of the eight-month campaign, more than 100 businesses managed to collect 1,104 kg of used batteries.

Latvian Defence Committee conceptually supports amendments to National Security Law

To further improve legislation in the country’s defence sector, Saeima’s Defence, Internal Affairs and Corruption Prevention Committee supported in the first reading amendments to the National Security Law on Tuesday, 22 May.

Minister promises to fill gap caused by cancellation of extended normal work time for doctors

A clear strategy is in the works to fit the ruling of the Constitutional Court and organize human resources to fill the formed gap, said Latvian Healthcare Minister Anda Čakša after meeting with hospital representatives.

Four candidates proposed for the post of head of State Revenue Service

Four candidates have been approved for the last stage of the personnel selection process in the State Revenue Service, as confirmed by Latvian State Chancellery.

Unemployment in Latvia was 8.2% in Q1 2018

In Q1 2018 Latvian unemployment rate constituted 8.2 %. Compared to the previous quarter, unemployment rate rose by 0.1 percentage points, while compared to the corresponding quarter of the year before – by 1.2 percentage points.

63.5% of Latvia’s residents were employed in Q1 2018

898.0 thousand people or 63.5 % of Latvia population aged 15–74 were employed in Q1 2018. Over the year, employment rate grew by 1.9 percentage points and number of employed persons by 15.5 thousand.

Cancellation of ‘extended normal’ work time could require up to EUR 10 million

The decision made by the Constitutional Court of Latvia to liquidate «extended normal» work time starting from next year may require up to EUR 10 million, said Prime Minister Māris Kučinskis in an interview to Rīta panorama programme.

Deputy names ‘abstention specialists’ in Latvian Saeima’s votes

«I was elected to make decisions, not abstain from them. Abstention in votes automatically counts as ‘against’ in the Saeima. I believe this practice needs to be changed. You’re either in favour or against. Businessmen, for example, have no way to abstain from making decisions,» said Saeima deputy Artuss Kaimiņš.

Latvian Red Cross to provide refugee mentors for half a million euros

In the next one and a half years, social mentoring services to asylum seekers and persons with refugee or alternate status will be provided by Latvian Red Cross, as confirmed by Social Integration Fund’s representatives.

Foreign clients’ deposits in Latvian banks declined 27.1% in Q1 2018

Deposits of foreign clients attracted by Latvia’s banks have declined 27.1% in Q1 2018. At the end of March, it was EUR 5.869 billion, as reported by Finance and Capital Market Commission.

Riga City Council changes internal rules again; each deputy given ten-minute limit for questions

On Monday, 21 May, Riga City Council changed its rules for Q&A sessions, providing a ten-minute limit for each deputy to ask questions. This is the third time the city council has changed its internal rules.

Association: loan repayment indexes improve in non-bank consumption loan segment

In 2017, members of Latvian Association of Alternative Financial Services issued in loans EUR 180.5 million. Compared to 2016, this is an increase of 6.9%. Members’ credit portfolio was EUR 88.7 million at the end of 2017, which is 8.1% more than a year ago.

Vitol: limitation of shell companies’ activities cannot possibly affect transit companies

Changes to the law that provide restrictions for shell companies cannot possibly affect transit companies. Because of that, claims voiced prior to adoption of said amendments and their possible impact on transit sector seem rather confusing, says Vitol Baltic chairman Robert Kirkup.

Latvia shipped 11.7% more oil products in Q1 2018

As part of the postponed excise tax payment regime, the volume of oil products shipped from Latvia in Q1 2018 was 13,869 or 11.7% larger than the one recorded in the same period of 2017, according to data compiled by the State Revenue Service.

Thunderstorms expected in Latvia this week as well

On Monday, 21 May, weather in Latvia will not change much – dry and not cloudy for the most part. On Tuesday and Wednesday, however, precipitation areas will pass through Latvia, bringing heavy rainfall, thunderstorms and strong wind, as reported by Latvia’s Environment, Geology and Meteorology Centre.

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