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Saturday 25.03.2017 | Name days: Māra, Marita, Mārīte

Estonian manufacturing production up in 2016

The total manufacturing production of Estonian companies increased by two percent in 2016, according to initial estimates by Statistics Estonia.

Balsts: average price per 1 m2 increases for standard apartments

At the beginning of the year, average price of standard apartments per m2 increased by a minimal amount. The highest standard apartment price at the beginning of the year was noted in Teika – EUR 865 per 1 m2. Prices remained the lowest in Bolderaja – EUR 486 per 1 m2, as reported by real estate company Balsts.

Estonian teenagers increasingly prescribed antidepressants

Teenagers in Estonia have in 2016 received considerably more treatment with antidepressants and tranquilizers as compared to previous years.

Study: nearly half of cyber-crime victims never get their money back

52% of internet users whose money was stolen by cyber-criminals only got back some of the money or none at all, according to a study performed by Kaspersky Lab.

Greiskalns: flaws in construction regulations scare away foreign investors

There are multiple reasons for the drop in direct foreign investments in Latvia in recent years – foreign investors are scared off by the still existing problems like grey economy, corruption, risks of abuse of insolvency procedures and Latvia’s unpredictable tax environment. There are also flaws in construction regulations, says foreign investments expert Girts Greiskalns.

De Facto: Estonian fast loan company may have been laundering money

Authorities suspect that Estonian MiniCredit fast loan company was being used as a money laundering machine over the course of many years. Millions of euros went through it, as reported by De Facto programme of LTV.

Calendar of cultural and sport events in Lithuania. 16th Japanese Film Festival

BNN offers you a selection of cultural and sports events in Lithuania for the week during January 30- February 5

Dry weather expected in Latvia; nights will be especially chilly

On Monday, 30 January, weather in Latvia will remain cloudy as a precipitation zone crosses the country. This will ensure wet snow and snow for the most part. Roads may ice over as well, as reported by the State Environmental, Geological and Meteorological Centre.

Survey: Latvian residents do not dedicate enough time to sleep

54% of women admit spending 5-7 hours on sleep. 14% say they do not sleep more than five hours every night. The majority of men also do not devote sufficient time to sleep. 30% spend 5-7 hours sleeping at night. 22% sleep no more than five hours every night, according to results of a survey by Benu pharmacy.

Weekend destination: sports, food and live music in Sigulda

World junior championship in skeleton will be held for the first time at the Bobsleigh and luge track in Sigulda this Saturday. The castle of the Livonian Order in Sigulda will host the opening event of the European Gastronomy region with the Winter Tastes celebration. All people who enjoy fine meals, great music and good atmosphere are invited to come. People who enjoy active leisure are also invited to try out Sigulda’s skiing tracks, as reported by representative of Sigulda municipal council Ginta Ziverte.

RB Rail offices founded in Lithuania and Estonia

Latvian-based joint Baltic company RB Rail entrusted with the coordination of Rail Baltica project has opened offices in Lithuania and Estonia.

Latvian citizen tried in Taiwan for theft of 2.4 million in an international crime group

On Wednesday, 25 January, Taiwan court tried three foreigners, including a Latvian citizen, for theft of TWD 81 million (EUR 2.4 million) using malware to access a large local ATM network.

Rention: residents reluctant to spend time to submit monthly counter readings

«Discussing the industry’s existing problems and solutions, we have concluded that people are reluctant to spend time to submit monthly counter readings. People also seldom attend apartment owner meetings,» - say Rention real estate management platform and Latvian Chamber for Commerce and Industry.

Aseradens: Latvia should reduce tax burden for companies with low revenue

«The new tax regime should contribute to Latvia’s progression to a modern, innovative economy,» – said Economy Minister Arvils Aseradens during his meeting with President Raimonds Vejonis on Thursday, 26 January.

Coca-Cola changes its visual design

From January 2017 onward, Coca-Cola intends to change its identity and brand policy.

Remuneration of construction workers up 3.5% in Latvia

Compared to December 2015, the level of construction costs in Latvia increased by 0.4 % in December 2016. Labour remuneration of workers grew by 3.5 %, maintenance and operational costs of machinery and equipment rose by 1.1 %, whereas prices of building materials decreased by 1.1 %.

Kols: it is as though Foreign Ministry avoids defining clear foreign policy priorities

Without specific, strategic objectives to help protect Latvia’s interests, Foreign Ministry avoids defining clear foreign policy priorities, limiting itself to declarative announcements, says associate to Saeima’s Foreign Affairs Committee Rihards Kols.