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Ceturtdiena 23.11.2017 | Name days: Zigfrīda, Zigrīda, Zigrīds

Estonia seeks modernising law on payment and E-money institutions

As the Estonian government pushes to regulate emerging payment services and increase the security requirements of online payments, the Estonian cabinet of ministers have backed a bill of amendments to the Baltic country's Payment Institutions and E-money Institutions Act.

CC: competition distortions created by the state threaten entrepreneurship

Competition Council’s chairperson Skaidrite Abrama confirms the presence of a general disregards for competition neutrality principle among officials. CC once again emphasizes that competition distortions created by the state and municipalities can cause serious risks for the development of businesses in Latvia.

June’s foreign trade turnover in Latvia 19.2% higher than last year

In June 2017, Latvian foreign trade turnover amounted to EUR 2.15 billion, which at current prices was 19.2 % more than in June 2016, of which the exports and imports values of goods were 12.2 % and 25.1 % higher, respectively.

Estonian exports increased by 11% in June on year

Estonian exports in June 2017, compared to June last year, grew by 11 and imports by six percent on year, decreasing somewhat the trade deficit of the Baltic country, Estonian statisticians have estimated.

Estonian Coop Pank to provide banking services in 350 stores

The upcoming Coop Pank bank of the Estonian cooperative company Coop will replace and plans to open bank offices in 350 Coop locations in Estonia.

Volkswagen announces discounts to customers in Germany to change their old diesels

German carmaker Volkswagen has stated this week that buyers in Germany would receive discounts reaching 10 000 euros if they return their older diesel vehicles and purchase a new vehicle.

BATL: absurd decisions may cause a complete collapse in Latvia

Problems keep piling up in the transport and logistics industry, which is the second largest national economy industry in Latvia. On top of that, this industry may experience a complete collapse because of two unreasonable and absurd decisions, experts say.

Average consumer price level up 2.6% in Latvia

Compared to July 2016, the average level of consumer prices increased by 2.6 % in July 2017. Prices of goods grew by 2.6 % and prices of services by 2.9 %.

LPCS: milk processors have successfully replaced Russia with other markets

Latvian milk processing companies have successfully recovered from Russia’s embargo, and have found other export markets, says Central Union of Latvian Dairy Farmers chairman Janis Solks.

top!: Lidl entry to Latvia’s market will impact low-price stores the most

The entry of German low-price network of stores Lidl to the Latvian market will affect local low-price stores the most, says top! marketing and public relations manager Ilze Priedite.