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Monday 24.07.2017 | Name days: Krista, Kristiāna, Kristiāns, Kristīne

Beer more expensive in Estonia: Year’s second excise rise on beer, cider in July

With swift excise tax increase on alcohol continuing, on July 1, the rate on beer and cider is to be raised by 70%, reaching 15.52 euro cents for percent of alcohol by volume per litre.

Amid global ransomware cyberattack analysts point to Ukrainian accounting software

A number of cybersecurity firm analysts have noted that in this week’s international cyberattack, which has severely affected computer systems in Ukraine, has been linked to the Ukraine-built accounting and finance software MEDoc.

Dzintars losses have declined: can the company survive the crisis?

Compared with 2015, net turnover of Dzintars declined by 104,000 euros in 2016. The company’s losses, on the other hand have declined by 904,000 euros when compared with 2015, says the company’s board member Dagnija Maike.

CEOs admit – it is getting harder and harder to find new workers

Study results show that 60% of businesses admit it is getting harder and harder to find workers. This marks more complex personnel selection processes for employers, which often costs more time and money.

Opinion: consumption of dairy products in Latvia continues to decline

Consumption of dairy products continues to decline in Latvia, says Food Union Vice-President for strategy and businesses development matters Normunds Stanevics.

FCMC applies fines to three Latvian banks

Finance Capital and Market Commission in cooperation with United States Federal Bureau of Investigation found out that three Latvian banks – Baltikums Bank, Privatbank and Reģionālā investīciju banka – have not complied with requirements for combating money laundering and terrorism funding.

Week in Lithuania. Lithuanian satellite launched to space

Lituanica SAT-2, a satellite developed by scientists of the Vilnius University and NanoAvionics company, was launched to space on a rocket from India on Friday, June 23.

Italian government bails out two banks for billions of euros

The government of Italy has intervened in the country’s commercial banking system to bail out two vulnerable banks for a total of 5.2 billion euros.

Lithuania set to limit cash payments to 3,000 euros

The Farmers and Peasants-led Lithuanian Cabinet has approved a draft bill envisioning restrictions on use of cash, limiting the kind of settlements up to 3,000 euro.

Producer price level in industry up 0.4% in Latvia

Compared to April, the level of producer prices in Latvian industry grew by 0.4 % in May 2017. The prices of products sold on the domestic market increased by 0.3 %, whereas the prices of exported products grew by 0.5 %. The prices of products exported to euro area countries grew by 0.8 % and of products exported to non-euro area countries – by 0.4 %.

Most universities in Estonia to cut number of new students this year

Three of the four universities working in Estonia have expressed plans to bring down the number of admissions in the coming academic year.

Latvian government asked to compensate profits lost from rejecting Nord Stream 2

Considering the stance of the Latvian Republic in relation to Nord Stream 2 project, in which the Cabinet of Ministers decided not to permit the participation of Ventspils Freeport, Noord Natie Ventspils Terminal and Baltic Express have decided to ask the government to compensate lost profits. An official request has been submitted to the prime ministers.

Latvian board game declared the best children’s board game of the year

On 19 June in Hamburg, Germany, winners of the world’s most prestigious board game award Spiel des Jahres in child board game category Kinderspiel des Jahres were announced. Latvian board game Ice Cool, published by Brain Games, was declared as the best board game for children of 2017.

Amendments to street trading approved to combat grey economy in Latvia

To reduce grey economy in agricultural and food products trading, the Cabinet of Ministers on Monday, 19 June, approved Economy Ministry’s amendments to Cab. Req. for the organization of trade at markets and street vending.