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Wednesday 22.02.2017 | Name days: Rigonda, Adrians, Ārija

Lufthansa cancels close to 900 flights due to strike

German flight carrier Lufthansa has, starting from November 23, cancelled close to 900 flights as it has lost two court challenges to avoid the industrial action.

Producer prices in industry down 0.4% in Latvia

Compared to September, the level of producer prices in Latvian industry decreased by 0.4 % in October 2016. Prices of products sold on the domestic market dropped by 0.8 %, whereas the prices of exported products decreased by 0.1 %.

Trump’s victory may increase risks for Germany’s exports

Germany’s exports to USA have rapidly grown in the past two years. Last year, USA became the most important destination for German exports, leaving behind partners like France, UK and China.

Officials sign second Rail Baltica project CEF co-financing agreement

European Innovation and Networks Executive Agency, RB Rail, Estonian Economy and Communications Affairs Ministry, Latvian Transport Ministry and Lithuanian Transport and Communication Ministry have sign a co-financing agreement for a total amount of EUR 225 million intended for Rail Baltica railway route construction.

Brussels warns Lithuania and 7 other states of excessive budget deficits

The European Commission has on November 16 announced that Lithuania and eight other eurozone countries could surpass the European Commission budget deficit limit.

Turnover of Latvijas dzelzceļš declines 15.6%

Although the beginning of the year was hard for the country’s transport and logistics industry, thanks to hard work aimed at stabilizing work and efforts to save finances, Latvijas dzelzceļš and its subsidiaries managed to secure financial stability and even profits, the company reports.

Authorities neutralize criminal group engaged in trade of feed grains

After performing more than 17 searches in Riga and other regions in the country, Latvian State Revenue Service’s Finance police neutralized an organized crime group. Members of this group were engaged in tax avoidance and money laundering activities. Six people are held suspect in this criminal process.

Parties building Estonian cabinet to raise teacher salaries and excise duty to beer

The three parties involved in Estonia’s coalition talks have unveiled on November 15 that they would work to increase the minimum pay of teachers to 120% of Estonia’s national average salary. Politicians were also of the same opinion to increase the excise duty on beverages containing up to 22% of alcohol.

Twitter adds new options to tackle unethical use of site

Twitter has added new options to its microblogging site that will allow users to avoid seeing offensive statements and content.

Study: businessmen sleep better now; small business owners sleep the soundest

The number of businessmen in Latvia who are not all too bothered by different negative factors has improved over the course of this quarter by 8% - to 53%. Heads of small businesses and service providers sleep the soundest, it seems.

Expert: it should be clear what needs restructuring in the transit business sector

The situation that is currently present in Latvia’s transit industry raises concerns about the industry’s future, says spokesperson for Latvian Transport Development and Education Association Igors Kabashkins.

Concern rising over fake news on Facebook

Even though Facebook CEO Mark Zuckerberg has sought to deny that the platform had a significant role on the election of Donald Trump to the post of U.S. President, users are increasingly concerned over the amount of fake news on the social network.

VNT remains steadfast in plans to build vapour recovery unit on Talsu Street 75

Ventspils nafta terminals took into account the 4 November decision of Ventpils Freeport Authority to approve VNT’s initial construction initiative for the vapour recovery unit within the territory of Ventbunkers. Nevertheless, VNT notes that the decision made by Ventspils Freeport Authority is based on an outdated plan.

airBaltic to perform the first flights in the world with Bombardies CS300 aircraft

The Latvian airline airBaltic will start Bombardier CS300 commercial operations on December 14, 2016 on its route linking Riga with Amsterdam.