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Tuesday 21.11.2017 | Name days: Andis, Zeltīte

Latvia and Lithuania continue work on single gas market’s development plan

Latvia and Lithuania continue working on single gas market development plan, BNN was told by Latvian Economy Ministry.

Belarus values Latvia’s experience developing e-management

Belarus values Latvia’s positive experience in development of e-management. Constructive cooperation in this field has provided residents in Latvia and Belarus with cheaper roaming tariffs and improved mobile broadband development, as reported by Environment Protection and Regional Development Ministry.

Poor skills in digital technologies can reduce one’s competitiveness on the market

Only 2% of board members in Latvia’s leading retail trade companies have skills working with digital technologies. The same applies to 6% of board members in transport and logistics companies, 4% - in energy companies and 0% in manufacturing companies, according to results of a study performed by personnel selection company Amrop.

Estonia to invest millions in IT and technology business development in regions

Close to 160 million euros are planned to be invested in developing the sector of information and communications technologies in Estonia outside larger cities, according to a state budget strategy for 2018-2021 by the Estonian government.

Study: Latvian businessmen feel threatened the most by increasing tax burden

Nearly all Latvian CEOs expect competition to grow in the future. In addition, this will happen in conditions of deficit of qualified workers, according to results of a study performed by PricewaterhouseCoopers.

Riga International Airport will have a new air traffic control tower

Latvijas Gaisa Satiksme promises that Riga International Airport will have a new, modern air traffic control tower in 2013.

Latvia’s financed loan volume increased by 72 million euros in Q1

In Q1 2017, loans worth more than EUR 94 million were issued through Latvian loan platforms, according to data compiled by Latvian Association of Alternative Financial Services.

Research: Pesticide residues found in 97% of food available in EU

In over 97% of all food products sold in the European Union pesticide residues can be found, show analyses conducted by member state food safety watchdogs.

10-50-million-euro worth solar park planned in Estonia, by Finnish firm

Fortum, a Finnish group of energy companies, has announced plans to build a solar panel park in eastern Estonia and to invest in the project 10 to 50 million euros.

Coalition politician reluctant about the plan to increase excise tax on fuel

Unity is sceptical about the publicly voiced plan to increase excise tax on fuel. Other members of the coalition are reluctant to comment this matter, because there is no official confirmation that this plan will be realized.

International logistics operator Pony Express enters Latvia’s market

Pony Express has announced its entry to the European market. Its first office will be opened in Riga, company representatives say.

Tele2 expands frequency in Estonia aiming 4.75G

Telecommunications firm Tele2 has purchased more volume in the 2,300-megahertz frequency band to be able to upgrade its 4.5G network to 4.75G network and to reach the goal as the first among its competitors.

Latvian Finance Ministry increases government debt outlook

Finance Ministry has decided to increase the government debt outlook in Latvia’s Stability programme 2017-2020 for the current and future years.

Latvia should be careful of adopting Estonia’s model in the tax system

Latvia should watch out for the so-called Estonian model’s introduction in the country’s tax system, says World Bank senior economist Emilija Skroka. World Bank experts are sceptical about this idea.

Lithuanian employers hail new labour bill, trade unionists frown

The enactment of Lithuania’s new Labour Code has been put off for six months, but, now, seemingly all roadblocks have been removed to enacting it from July 1 after the country’s Trilateral Council, consisting of Labour Unions, Government and employer organizations, agreed on the final redaction of the bill.

Transport Ministry invites Kyrgyzstan to use advantages of Latvia’s special economic zones

On Wednesday, 12 April, a joint meeting of the joint Latvian-Kyrgyzstan transport work group was held in Transport Ministry. At the end of the meeting, the two sides signed an agreement for closer cooperation between the two countries in transport, transit, logistics and aviation, BNN was told by the ministry.