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Tuesday 24.04.2018 | Name days: Nameda, Visvaldis, Ritvaldis

Authorities to check Riga City Council member Frolovs’ possibly fictive employment in Getliņi Eko

Corruption Prevention and Combating Bureau has commenced an inspection following Riga City Council deputy Juta Strīķe. In it, she detailed concerns about the possible fictive employment of city council deputy Vladimirs Frolovs in Getliņi Eko.

Latvijas Krājbanka’s administrator recovered EUR 114,800 in March

The administrator of the liquidated Latvijas Krājbanka EUR 114,823 in March, which is 16.9% less than a month ago, according to the report published in Latvian Herald.

Every second resident in Latvia has a loan, and every third – a missed payment

Last year, the number of private person loans had increased nearly 10%, according to the Credit Information Bureau’s data exchange system. Currently this institution’s data archive contains entries for 899 thousand assets in private persons’ contracts. 290 thousand private persons have missed some of their payments.

State Secretary: Latvia and China share good economic cooperation perspectives

To present topical issues of Latvian-Chinese economic cooperation to businessmen, as well as contribute to formation of new business contacts, officials have launched the Latvia-Ningbo Economic & Trade Cooperation Symposium, as reported by Foreign Affairs Ministry.

ABLV Bank urges FinCEN to withdraw «exaggerated accusations»

Lawyers of ABLV Bank, which is currently in the process of self-liquidating, urge US Department of Treasury’s Financial Crimes Enforcement Network to withdraw its published proposal, which details how ABLV Bank’s management had allegedly used bribes to influence Latvian officials and breach sanctions against North Korea.

Friday will be warm and sunny in Latvia; weather to become cold and rainy later

Friday will be warm in Latvia, but weather will change on Saturday and Sunday – wind speed will increase and air temperature will drop. A wide low atmospheric pressure area above Northern Europe will be dictating weather next week. This means there will be more rain in Latvia, as reported by State Environment, Geology and Meteorology Centre.

Major political corruption case reaches court in Lithuania

A major political corruption case with involving MG Baltic, one of Lithuania's largest business groups, and two political parties, the Liberal Movement and the Labour Party, has reached Lithuanian court this week.

Birth rates in Latvia down – estimated population around 1 million 925 thousand

Since 2016 birth number in Latvia is reducing – in 2017 number of live births may be approximately one thousand smaller than in 2016. Number of newborn registered during the first three months of 2018 also was smaller than that recorded in the same period of 2017 – by 336 children.

Latvia’s parliament ratifies EU-Armenian partnership agreement

On Thursday, 19 April, the Saeima ratified the comprehensive partnership agreement between the European Union and European Atomic Energy Community on one side and Republic of Armenia on the other.

Unity: there are municipalities, in which heads of administration think they are kings

During their meeting with Latvia’s Environment Protection and Regional Development Minister Kaspars Gerhards, members of Unity’s Saeima faction concluded that there is still a lot of work left on the road towards enhancing democratic principles in municipal administrations.

Russian nuclear power plant to be towed through Gulf of Finland

In a move that has caused concern in Estonia, Finland and other Nordic Countries, Russia plans to tow a floating nuclear power plant, the Akademik Lomonosov, from the port of St. Petersburg through the Baltic and North Seas to Murmansk with it journey planned to begin on Friday, April 20.

Government wants to reduce administrative burden for foreign students

Administrative burden for foreign students and researchers, as well as education and research institutions that host them is planned to be reduced in Latvia. This is provided by amendments to the Immigration Law conceptually approved by Saeima’s Defence, Internal Affairs and Corruption Prevention Committee on Wednesday, 18 April.

Lithuania asks Russia to explain patrol ship’s breach of country’s border

Lithuania has submitted a note to Russia, requesting explanations regarding a border breach incident on Monday, 16 March, when a Russian patrol ship crossed the two country’s border and spent at least two minutes in Lithuania’s territorial waters.

Latvia experienced more rapid growth in car registration numbers that EU in Q1

In the first three months of 2018 Latvia experienced a more rapid increase of the number of car registrations than the average in the European Union, according to the latest data from European Automobile Manufacturers Association.

Association: will Latvia step on Estonia’s excise tax rake?

Rapid and economically unjustified increase of the excise tax has cut a big hole in Estonia’s budget, according to Latvian Alcohol Industry Association. Because strong alcoholic drinks cost less in Latvia, Estonians regularly travel to Latvian to buy cheaper alcohol, says the association’s CEO Dāvis Vītols.

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