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Friday 15.12.2017 | Name days: Jana, Johanna, Hanna

43% join 2nd tier pension scheme voluntarily

1.124 million of the residents of Latvia had joined the 2nd Tier of pensions voluntarily by late 2010. More than half of them (57%) were mandatory while 43% joined the scheme voluntarily.

Defence Minister: we'll leave Afghanistan when there are no terrorists

We will leave Afghanistan when it is no longer a land of terrorists and drug smugglers, asserts the Defence Minister of Latvia Artis Pabriks, adding that Latvia should play and active role in international missions.

72% of Latvia’s population against tax changes

72% of the respondents oppose tax changes in Latvia, believing this deteriorates their family’s financial situation, while 65% are confident it increases the overall level of poverty in the society.

Justice Minister: penalties for serious offences should be more severe

The Latvian penal system should be reviewed, introducing more severe penalties for grave crimes, believes Justice Minister Aigars Aigars Štokenbergs.

EBRD could finance Lituania’s LNG terminal

The European Bank for Reconstruction and Development is considering the possibility to invest funds in the Lithuanian energy pipeline construction to Poland and Sweden.

Half of households to pay more for electricity from April

Starting from April this year, electricity tariffs will increase for half of Latvia’s households, Latvenergo, according to Board Member Uldis Bariss and the Ministry of Economics State Secretary Juris Pūce.

Spiking vegetable prices

In January, this year, vegetable prices rapidly increased; moreover, a sharp decline in local potato stock is observed due to Russian dealers' activity, experts indicate.

Sweets, coffee and milk price gains

Along with the procurement price increase, the price of sweets, coffee, milk and dairy products has also surged; moreover, price gains are expected for tea and fish products as well, food retailers say.

EU sugar reform based on wrong data

The sugar reform carried out by the European Union (EU) was based on dated data without taking into consideration sugar beet producers interests, according to the European Court of Auditors.

Minister of Interior: I take responsibility by solving the police crisis

I take full responsibility by solving the crisis situation currently at the police, the Minister of Interior comments upon the recent tragical events in a town of Latvia Jekabpils, at the same time dismissing the opinion she should resign.

Huge wave of foreign-investor interest in Estonia

Estonia joining the eurozone and the Organization for Economic Cooperation and Development have boosted foreign investors interest in Estonia.