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Saturday 16.12.2017 | Name days: Alvīne

FCMC revokes Hanza Cooperative credit union’s license

Finance Capital and Market Commission has made the decision to revoke the license of Hanza Cooperative credit union issued on 20 April 2004.

Former head of energy pricing body deals a blow to Lithuania and President

The pendulum in 120 million euro lawsuit against Lithuania may have swiftly shifted in favour of France‘s energy giant Veolia, after Diana Korsakaitė, former chairwoman of Lithuania‘s National Commission for Energy Control and Prices, VKEKK, testified in the International Centre for Settlement of Investment Disputes in Washington DC about pressure she has felt from President Dalia Grybauskaitė.

Climate change: MEPs support larger role for forests in reducing CO2

On Wednesday, 13 September, members of the European Parliament supported the plan that is aimed to reduce climate change by means of increasing the role of forests in absorbing CO2.

Estonia works on attracting shipping industry with tax exceptions

Shipping-industry exceptions to the Estonian tax system are on the agenda of the Estonian government as decisions have been made on taxable base for seafarers and remote registration of ships to be available to e-residents.

Funding for social integration measures proposed to be increased

In 2018, funding will be necessary for a wide range of integration measures, including support of national minorities, NGOs and social organization, as well as activities to involve youngsters in public processes, BNN was informed by Saeima’s press-service.

Police intercept an impressive amount of contraband cigarettes in Latgale

At the beginning of the week, a massive amount of contraband cigarettes was intercepted – 1,900,140 Minsk 5 Superslim cigarettes with Belarusian excise labels. 1966-born citizen of Lithuania who was driving the truck in which cigarettes were found has been arrested.

Latvia disagrees with proposal to reduce cod and herring fishing volumes in the Gulf of Riga

On Wednesday, 13 September, minister Jānis Dūklavs met with NGOs at Agriculture Ministry’s Fishing Advisory Council meeting and discussed with them European Commission’s proposal for fishing opportunities in the Baltic Sea in 2018.

European Parliament to allocate another 500 million euros to combat youth unemployment

Members of the European Parliament approved the allocation of an additional amount of EUR 500 million for the youth employment initiative. It is part of the achieved EUR 1.2 billion increase for 2017-2020, as reported by EP.

Juncker wants to attract special attention to Baltic States next year

Jean Claude Juncker, President of the European Commission, has promised to pay more attention to Baltic States next year, when they will be celebrating their centenary.

Residents’ opinion: wages should be stated in the job offers

Most interviewed Latvian residents are confident that stating the size of offered wage in job offers should be mandatory, according to results of a survey performed by CV Market.

Expert: tax accounting will become more complex after the tax reform

After the introduction of the tax reform, tax accounting will become more complex. And this is not because it will take several years for businesses, private persons and tax inspectors to get used to the system. The new laws in general are not meant to make things simpler, says Latvian Tax Consultant Association board member Ainis Dābols.

Latvian basketball team withdraws from European championship

On Tuesday, 12 September, Latvian men’s basketball team lost to Slovenia in the quarter finals game of European Championship 2017 in Istanbul, failing to reach the semi-finals in the Old Continent for the first time since the restoration of independence.

Cabinet of Ministers: Latvia will have 100 stationary speed cameras next year

Latvian Cabinet of Ministers has supported amendments to regulations that provide clarifying planned income and expenditures for measures associated with improving road traffic supervision. In 2018, Latvia will have 100 stationary speed cameras set up on roads, as reported by Interior Affairs Ministry.

Government clarifies registration order for persons involved in by-product turnover

Latvian government has decided to support Agriculture Ministry’s proposed amendments that establish the order that admits companies and registers persons involved in circulation of animal by-products and derived products not intended for human consumption.

CC: consumers should more attention to prices when making calls to other networks

Competition Council turns consumers’ attention towards the necessity to carefully reassess their electronic network operators’ tariffs and the price of making calls to other networks. This would help reduce cases when consumers pay more for service than what is stated in their chosen tariff.

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