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Saturday 22.07.2017 | Name days: Marija, Marika, Marina

Construction output in Q1 in Latvia – tenth largest in EU

In Latvia, construction production volume in Q1 2017, when compared with the same period of last year, grew 8.4%. This puts Latvia on the tenth place among EU member states, according to the latest data from Eurostat.

Contract signed for 60 million euros loan for Rīgas satiksme

Nordic Investment Bank and Riga municipality’s company Rīgas satiksme have signed a contract for the allocation of a loan worth 60 million euros. Funding is intended to be used to purchase hydrogen-powered buses and low-floor trams, as well as investments into tram infrastructure.

Swedbank: small companies contribute to appearance of new loans

Swedbank’s profits in Latvia reached EUR 52 million in the first six months of 2017. This is a similar result when compared with the same period of last year.

Investors could soon start a due diligence review in airBaltic

Multiple potential investors could start a due diligence review in Latvian national airline airBaltic, says Latvian Transport Minister Uldis Augulis.

FM: if fuel consumption drops considerably, government will discuss excise tax changes

If fuel consumption drops considerably in the country, the government may reconsider the decision to increase excise tax, said Latvian Finance Minister Dana Reizniece-Ozola in an interview to LNT 900 seconds programme.

UK to introduce mandatory age checks to pornographic sites

The British government has pledged to introduce from 2018 a mandatory requirement to websites having pornographic content to check the age of their visitors.

airBaltic carried record-large number of passengers in June

Latvian airline airBaltic carried 372,219 passengers in June 2017, which is 23% more than last year. It is now the airline’s latest record, BNN was informed by airBaltic.

Brussels suggest member states to co-fund Common Agricultural Policy

The European Commission has proposed that European Union member states co-fund part of the Common Agricultural Policy, but experts evaluate that less well-off countries would not be able to support their farmers as the richest.

New Laima manufacturing plant in Adazi; up to 20 million euros to be invested

In the next three years, EUR 20 million will be invested in the new Laima manufacturing plant in Adazi, as reported by representatives of Orkla Confectionery & Snacks Latvija.

Reconstruction of Vilnius International Airport runway commences

Vilnius International Airport will remain closed from 14 July to 17 August. The airport will be closed down to perform the most massive runway reconstruction in the past 20 years.

Railway company’s plans to invest 35m euros in Russia criticised in Estonia

Estonian state-owned railway cargo company EVR Cargo has voiced plans to borrow and invest 35 million euros in freight cars in Russia, by buying train cars from Russian company to lease them to Russian firms.

British airline EasyJet planning to move EU operations to Austria

To remain part of the European Union market after the UK leaves the bloc, British low-cost airline EasyJet plans to set up a company in Austria.

Latvians favour Italy, local beaches and Latgale as holiday destinations

The most popular travel destinations for spending the annual vacation among Latvian holiday-makers are Italy, Spain and local destinations, a travel agency concluded in an opinion poll.

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