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Friday 22.06.2018 | Name days: Ludmila, Laimdots, Laimiņš

Production of mines and grenades planned in Estonia

As the Estonian parliament has adopted new rules on military arms and ammunition production in the country, local defence firm Eesti Arsenal has voiced its plan to build a factory in Estonia to make military explosives.

Volkswagen fined billion euros for diesel exhaust scheme

German car maker Volkswagen has been fined one billion euros by German prosecutors for its diesel emissions scandal and the car firm's management has stated it did not plan to appeal against the fine.

Charging electric car to cost 15 cents per minute in Latvia

As Latvia builds its network of 150 quick charging stations for electric vehicles, the Latvian government has approved the cost of the service at 15 euro cents per minute with the value added tax.

Fruit growers in Latvia see effects of drought and heat as «disastrous»

The unusually high temperatures and lack of precipitation this May in Latvia have added to the adverse effects that last year's chilly and wet summer has had in the field of fruit growing, the leadership of the Latvian Orchardman Association, has warned.

Petition calling for Latvia-wide restrictions on gambling launched

Latvia's New Conservative Party is calling for strict limitations to the work of gambling rooms in the country and is inviting people to sign an online petition on the issue.

Election campaign period in Latvia launched

The official election campaign period for the autumn Latvian parliamentary election has begun on Saturday, June 9. During the next 118 days, political parties will have to count and register in their election income and spending to ensure the money is withing the legal campaign spending limits.

Freight volumes decrease in Latvian ports, pipelines, but jump in airport in Q1 2018

In the cargo transport sector in Latvia, the volume of freights carried by land and pipelines decreased by 2.3 million tonnes or 7.7 % and freight turnover – by 10.4 % in the first three months of 2018 as compared to the same period in 2017, the data of the Latvian Central Statistical Bureau showed.

Latvians spent by 18% more money on travel in 2017

With travel industry in Latvia expanding, Latvians went on 5.8% more one-day trips and spent 11.1% more in 2017 than in 2016, estimated the country's Central Statistical Bureau.

Volkswagen to have trouble complying with new EU exhaust tests

German car maker Volkswagen has warned that its main factory faces temporary shutdowns later in 2018, due to new European Union emissions test standards to be effective from September, designed to replicate real driving conditions more closely.

Ernst&Young auditors to be involved in ABLV Bank's liquidation

In the liquidation of Latvian ABLV Bank, international auditor firm Ernst&Young will be engaged to ensure transparent implementation of the voluntary liquidation plan, said the bank's liquidator.

Latvian tax collector to quicken export declaration processing

The processing of export declarations at the Latvian State Revenue Service will be faster from June 4, as the process will be run automatically, the institution announced.

EU responds to U.S. metal tariffs by targeting American peanut butter, whiskey

As the U.S. has imposed duty tariffs on steel and aluminium imports from the European Union since Friday, June 1, the European Commission has stated it would in several week's time introduce countermeasures against American exports.

Visa payments said to be fully working after Europe-wide crash

The electronic payment system of Visa is fully operational following a hardware failure affected shoppers Europe on Friday, June 1.

Deposit volume in Latvian banks down to EUR 17.6 billion

The total volume of deposits in Latvian banks has declined this May by 1.1% or EUR 195.157 million – to EUR 17.6 billion, according to data compiled by Finance and Capital Market Commission.

U.S. introduces steel, aluminium tariffs on imports from EU

Washington has stated it would introduce tariffs on steel and aluminium from the European Union, with Brussels reacting that it would answer with counterbalancing measures.