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Sunday 18.03.2018 | Name days: Ilona, Adelīna

Most employers in Latvia perform no activities to attract new workers

24% of Latvian employers say they perform no activities to attract new workers, according to data from a survey performed by Social Integration Fund.

Latvian banks report suspicious financial transactions to SRS every day

Latvian banks submit reports regarding suspicious transactions performed by their clients every day to the State Revenue Service (SRS), said representative of Association of Latvian Commercial Banks and Citadele Bank’s board member Uldis Upenieks.

Coca-Cola Company announced new global vision – World Without Waste

Coca-Cola Company has announced a goal to work on collecting and recycling an equivalent of every sold bottle or can by 2030, as BNN was informed by the company.

Riga Freeport wants to borrow up to EUR 77 million to finance Krievu Island project

Riga Freeport authority has announced an open procedure for talks regarding a loan of up to EUR 77 million to finance the development of Krievu Island and continue relocation of port activities from the city centre to the island.

Estonia to start buying land for Rail Baltica railway construction

Continuing its way to beginning the construction of the pan-Baltic Rail Baltica slated for 2020, the management of Rail Baltic Estonia, has unveiled that this year will be spent on negotiations with land owners and the marking-out of the railway.

EU funds worth one billion euros were provided to Latvia last year

The total worth of contracts signed with European Union funds was more than EUR 1 billion last year. Thanks to financing provided by EU funds, Latvia was able to commence and realize 526 projects, allowing this money to stimulate the country’s economy, according to information from the Central Finance and Contracting Agency (CFCA).

Minister: foreigners find Latvia’s business environment more and more attractive

«Measures were performed last year to improve the business environment and make it more attractive for local and foreign investors, as well as significantly ease everyday work for them,» said Latvian Economy Minister Arvils Ašeradens.

Number of students in Latvia declined 35% in the past decade

The number of students accounted for 81.6 thousand in the academic year 2017/2018, indicating a decline of 1.6 % over the year. During the past decade, due to the population decline, the number of students has reduced by 43.8 thousand or 35 %.

Latvia shares experience in civil rights reforms with Uzbekistan

Uzbekistan is one of Latvia’s priority countries for development of cooperation. Considering Uzbekistan’s launched reforms for state administration, Latvia is ready to continue offering support and sharing experience, says Foreign Ministry’s special assignment ambassador Igors Apokins.

Estonian state rail cargo company worked with million-euro losses in 2017

Estonian state-owned rail cargo carrier EVR Cargo concluded the year 2017 with net losses of 1.2 million euros, but managed to earn a million euros in from October to December 2017.

Alcohol industry to adopt social responsibility symbols on labels

More than 60% of all labels of wine and other strong alcoholic beverages purchasable in Latvia will be added with a special social responsibility symbols, reminding residents of responsible consumption of alcohol, BNN was informed by Latvian Alcohol Industry Association (LAIA). initiative «On saving Agenskalns market» submitted to Riga City Council

An initiative started by Anda Baidekalna «On saving Agenskalns market» has been submitted to Riga City Council for review. More than 2,000 people signed in favour of this initiative on portal. Now Riga City Council will have to decide on approval of this initiative and develop a plan for development of Agenskalns market to preserve its functionality.

Latvian Economy Ministry proposes self-regulatory measures for postal sector

The problem with postal items lacking addresses can be resolved using self-regulatory measures in the postal industry, as mentioned in Economy Ministry’s prepared report on new measures and proposal for mechanisms to help make the work performed by the postal sector more efficient.

Ratification of Istanbul Convention falls through in Latvia

Unity is the only one of the coalition parties in Latvia that has expressed support for the ratification of Istanbul Convention so far, politicians say.

Latvenergo: Latvia is the largest energy exporter in Baltic States

Latvia continues exporting electrical energy produced in the country – as of Monday, 22 January, it was 832 MW. Especially intensive energy production is recorded for Daugava’s hydro-electric power plants and Riga’s CHP plants. The largest import volume is registered for Lithuania, to which the amount of exported energy equals the amount consumed in Latvia, Latvenergo explains.

Producer price level in Latvia’s industry up 3.1%

Compared to December 2016, the level of producer prices in Latvian industry rose by 3.1 % in December 2017. Prices of products sold on the domestic market rose by 3.0 %, while prices of exported products went up by 3.3 %. Prices of products exported to euro area countries grew by 3.8 %, whereas prices of products exported to non-euro area countries rose by 2.9 %.

MEP: an even greater UGF dominance would slow down Latvia’s development

If the Union of Greens and Farmers (UGF) gains an even greater presence in the upcoming Saeima elections, Latvia’s continued development would suffer, said member of the European Parliament Artis Pabriks in an interview to 900 seconds programme of LNT.

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