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Sunday 26.03.2017 | Name days: Eiženija, Ženija

French companies to explore chances of 3D printing hair follicles

French cosmetics producer L'Oréal has announced partnering with a bio-printing firm in research that could result in 3D printing-related making of hair follicles.

Insurer: people confuse health and life insurance

Society’s understanding of insurance and the advantages it brings increases. However, people often confuse different types of insurance. Most often people confuse health and life insurance, as concluded by ERGO insurance company.

Week in Lithuania. Five per cent of hacker attacks threaten national security

Lithuania’s state institutions are subjected to thousands of attempted cyber attacks on a daily basis, including hundreds constituting a medium threat and at least 5 percent constituting a serious threat, says Rimtautas Černiauskas, director of the National Cyber Security Center.

Latvia has the eighth highest unemployment level in the European Union

In August, the highest unemployment level in the European Union was registered in Spain, where it reached 19.5%. Latvia’s unemployment level was 9.3% in August. It is the eighth highest among EU member states, according to data published by Eurostat on Friday.

Lithuanian MPs overturn contentious law ID’ing all booze buyers

After a fortnight of grocery retailers’ mandatory carding, Lithuanian lawmakers gave in to the angry alcohol buyers’ demand to repeal the order and passed this week an amendment that now requires sellers to ID only those alcohol buyers who seem to be underage.

Swiss engineering firm ABB expands in Estonia

Swiss engineering system manufacturer ABB group will launch its new regional business service centre in Tallinn in October.

Study: counterfeit medicine causes major losses for EU

Because of counterfeit medicine, the legal medical industry in Europe loses EUR 10 billion every year, which accounts for 4.4% of the entire trade volume of the pharmacy sector, as concluded in the latest European Union Intellectual Property Office study about counterfeit medicine and its effect on economies of EU member states.

Aseradens: decline of electricity prices expected in Latvia

If reforms are successfully realized in the electrical energy market, Latvia may experience a decline in electricity prices, as announced by Economy Minister Arvils Aseradens.

Businessmen: faster adoption of e-procurements system would benefit competition

To ensure more transparent procurements, businessmen urge government to introduce an electronic procurement system as soon as possible. This system is expected to ensure honest competition and help resolve other problems that are often present in state and municipal procurements.

Data on students and graduates to be compiled for more effective budget planning

To help develop the State Education Information System, it is planned to expand one of its sections by creating a register for students and graduates. This is provided by amendments to the Law on Institutions of Higher Education supported by the Cabinet of Ministers.

Global trade growth slowing, WTO

The World Trade Organisation has this week released an altered forecast for the global trade growth for 2016, which, comparing to its previous forecast for the same period has been cut by over a third.

August’s construction costs declined by 0.4% in Latvia

Compared to July, the level of construction costs in Latvia dropped by 0.4% in August 2016. Prices of building materials decreased by 0.8%, maintenance and operational costs of machinery and equipment reduced by 0.1%, whereas labour remuneration of workers did not witness any significant changes.

One-third of state institutions to not have to report data on employees’ remuneration

On Tuesday, 27 September, the Latvian government accepted amendments to the Law on Remuneration of Officials and Employees of State and Self-government Authorities that relieve 233 state institutions from the duty to report information about remuneration of their employees.

Strong sides of Latvia’s start-up sector – financial and virtual technologies

Latvia’s start-up sector has attracted investments worth at least EUR 110 million, notes Chairperson of Latvian Start-up Association Yekaterina Novicka.

VNT awarded for its contribution to development of cycling culture in Latvia

For the second consecutive year, Ventspils nafta terminals has received a prize in the Cyclist-friendly contest organized by the Environmental Protection and Regional Development Ministry and the European Commission.