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Sunday 17.12.2017 | Name days: Teiksma, Hilda

Snow «consumes» Latvia local authorities budgets

The white winter has already claimed huge funds of Riga City Council budget, where almost all the allotted money (1.9 million lats) for removing snow has already been spent. The business portal BNN found out the same problems are looming also in other local governments of Latvia.

Changes in airBaltic shareholders structure

The 47.2% shareholder of the Latvian national airline airBaltic SIA Baltic Aviation Systems (BAS) has changed hands, according to the Land Register servicing company Lursoft information.

Judges, prosecutors and parliamentarians included into single-salary system

Today, December 16, the Saeima adopted amendments to four laws in the second final reading, providing that judges, prosecutors and parliamentarians are included into the single-salary system, the business portal BNN was informed by the Saeima.

Ventspils City Council opposition blames Latvijai un Ventspilij for SIA Ventspils siltums embezzlement

Ventspils City Council opposition members have expressed their concern the embezzlement in SIA Ventspils siltums is a consequence of the political party Latvijai un Ventspilij intentionally developed system.

Lithuania export and import growth - 43.5% and 37.6%

In a year's time since October 2009 and October 2010, Lithuania export and import have increased by 43.5% and 37.6%. Similarly in the period of January and October this year, export and import have surged 30.2% and 29.9%.

Latvia’s debt amounts to 5.04 billion lats

This year, the total public and local government debt has increased by 745 million lats and in late November formed 5.04 billion lats, according to the information compiled by the State Treasury.

State Audit Office: Building Inspectorate liquidation weakened construction supervision

After the Building Inspectorate was liquidated, the supervision of construction work in the state has weakened, moreover imperfections in the legislation and actual actions of the respective institutions affect also the security of consumers, concluded the State Audit Office.

Saeima does not approve Judin as Supreme Court justice

The Saeima did not approve the criminal law expert Andrejs Judins as the Supreme Court justice in a secret ballot.

Number of newly registered cars grows the fastest in Latvia

In November 2010 Latvia recorded the fastest increase of newly registered cars in the European Union (EU), namely, according to European Automobile Manufacturers data, the number of registered cars has increased by 213%.

Foreign investors against Latvia intentions regarding budget

Foreign investors do not support taking away money from residents and state institutions, instead they suggest the government should implement structural reforms and shift the tax burden.

LTDA Head: significant increase achieved in tourism sector

Significant increase in tourism has been attained this year, the Head of Latvia’s Tourism Development Agency Armands Slokenbergs asserts, noting that the sector development indicators are good, especially during the third quarter of 2010, when the number of foreigners, provided with accommodation services, has grown by 27%.

Firewood prices return to «fat years» level

Currently firewood prices in Latvia have returned to the «fat years» level, but no additional price climb is expected, consequently the current price level could remain flat in a long-term as well, says forest exploitation and woodworking company SIA Krauzers Board Chairman Andis Araks.

Estonian Air halts ticket sales due to «sky-rocketed» demand

Estonian Air gift vouchers worth 1000 Estonian kroon, which were sold on the Internet site cherry.ee at 40% discount – for 600 kroon, received such enourmous attention from customers that the company was forced to stop the campaign.

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