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Saturday 17.03.2018 | Name days: Ģertrūde, Gerda, Gertrūde

Opinion: decline of high-risk clients in Latvia’s banking sector will speed up soon

Considering recent developments in Latvia’s financial sector, the decline of high-risk clients in the country’s banking sector will become more rapid soon, said chairman of Citadele Bank’s board and Association of Latvian Commercial Banks Guntis Beļavskis.

Association: public disclosure of state and municipal officials is akin to «public nudity»

Latvian Health and Social Care Workers' Union is concerned about Saeima’s supported proposal to make information about wages paid to state and municipal officials publicly available. The union notes that this would not comply with the Constitution of the Republic of Latvia .

Turnover of drug wholesale traders grew 6% last year

In 2017, turnover of drug wholesale traders in Latvia and abroad was EUR 846.76 million without VAT. Compared to the previous year, this means an increase of 6%, according to data compiled by State Agency of Medicines.

De Facto: audit in FCMC could be performed by World Bank experts

The audit of Latvia’s bank supervisor Finance and Capital Market Commission could be performed by experts from the World Bank, as reported by De Facto. The audit may focus on the institution’s work in general, not any of its specific decisions.

Weather in Latvia to be sunny with little precipitation at the beginning of the week

The new week in Latvia will begin without any many weather changes – on Monday and Tuesday it will be sunny without any major precipitation. Still, nights will remain chilly, as reported by State Environment, Geology and Meteorology Centre.

FinCEN refuses to reveal evidence for accusations detailed in ABLV Bank case

On Thursday, 2 March, Financial Crimes Enforcement Network of US Department of Treasury published 20 different documents in the so-called ABLV Bank case. However, those documents reveal no evidence to the accusations used against the bank.

Passenger turnover in Latvia grew, whereas cargo turnover declined in 2017

In 2017, the number of passengers arrived at and departed from the Riga International Airport for the first time had exceeded 6 million.

RB Rail CEO: Rail Baltica may receive 0.8 to 1 million euros from Europe

If Baltic States are able to reach an agreement in relation to the realization of Rail Baltica project, there is a high probability the project may receive from the European Union from 800 million to upwards of one billion euros, as CEO of RB Rail Baiba Rubesa told Saeima’s European Affairs Committee.

Minister: children with psychological problems should be put where specialists are

Children with psychological problems should be concentrated where there are competent specialists to help them, said Latvian Healthcare Minister Anda Čakša in an interview to 900 seconds programme of LNT.

Education and science workers trade union oppose sending kids to school at age of 6

Because no answers have been received on multiple matters associated with starting school like at the age of six, Latvian Education and Science Workers' Union opposes this proposal from the Education and Science Ministry.

Weather in Latvia to become warmer next week

On Friday, 2 March, high atmospheric pressure will dictate weather in Latvia. Under its influence the clouds will part and no precipitation will come. Air temperature will stay at -5° C… -9° C, as reported by Latvian State Environment, Geology and Meteorology Centre.

CSCB plans to check education institutions in Latvia

Construction State Control Bureau (CSCB) plans to check at least 500 buildings. Focus will be put on protection of less-protected people, which is why the majority of inspections will take place in education institutions, says CSCB representative Elīna Korba.

Average wages in Latvia reached EUR 926 last year

In 2017 the average gross wages and salaries for full-time work in Latvia comprised 926 euros. Compared to 2016, the average wages and salaries rose by 67 euros or 7.9 %, moreover in all economic activities.

Saeima to invite Bank of Latvia governor to step down next week

Next week, Latvia’s parliament will decide on whether or not to ask the governor of the Bank of Latvia Ilmārs Rimšēvičs to step down.

Latvia’s parliament approves amendments that limit bank liquidators’ remuneration

The Saeima has approved in the final reading amendments to the Credit Institutions Law to limit remuneration of bank liquidators and insolvency administrators.

Lithuania: three names stand out in budding presidential race

Of 47 names being mentioned by respondents asked who they want to see a new president in Lithuania in 2019, three names are clearly on top of the list. Gitanas Nausėda, chief economist of SEB Lithuania Bank, leads the pack with 15.6 per cent of support, followed by Saulius Skvernelis, the current Prime Minister with 12.5 per cent, and Visvaldas Matijošaitis, Mayor of Kaunas, Lithuania‘s second-largest city, who is favoured by 12 per cent.

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