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Saturday 17.03.2018 | Name days: Ģertrūde, Gerda, Gertrūde

Latvia’s foreign trade turnover formed 1.82 billion euros in February

In February 2017, Latvian foreign trade turnover amounted to EUR 1.82 billion, which was 6.1 % higher than in February 2016, and the exports and imports values of goods were 5.7 % and 6.5 % higher, respectively.

Expert: it is hard to be an honest taxpayer in Latvia

There are multiple flaws in Latvia’s tax system. Low tax collection is caused by high grey economy proportion, not low tax rates. The tax burden for honest taxpayers in Latvia is rather high. This especially applies to labour tax, economist Uldis Rutkaste says about Latvia’s tax reform.

Twitter wins row with U.S. government over request to unveil user identity

A U.S. federal institution has quit its request to the micro-blogging site Twitter to unveil the identity of users, who have criticised the policy of U.S. President Donald Trump.

Samsung Electronic Baltics picks Lithuanian agency as partner in Baltic States

Digital marketing agency Ad Fingers has become the new partner of Samsung Electronic Baltics in all three Baltic States.

Changes added to the management board of LDz Cargo

Aleksandrs Kazackovs was appointed as a member of the board of LDz Cargo on Monday, 10 April. He was previously the director of LDz Cargo Legal and Administrative Affairs Department.

Lithuania wishes to become a Baltic and Nordic leader in financial technologies

Lithuania, which has all the conditions for the development of innovative financial services, wishes to become a leader in the field of financial technologies in Baltic and Nordic region, as announced by Lithuanian Finance Minister Vilius Šapoka.

KNAB commences criminal process for trade of influence; Truksnis is involved

Corruption Prevention and Combating Bureau has commenced a criminal process for trade of influence. Among those involved in the criminal process is Gatis Truksnis, the former mayor of Jurmala, as well as businessmen and officials serving under him, as reported by De Facto programme.

Consumer rights: Travel bargain sites publish misleading offers

Scores of travel websites offering low-cost flights, hotels and other travel bookings, are not publishing precise information, giving customers accurate information, the Consumer Protection Cooperation network of European consumer protection authorities has found.

Lithuania experiences the most rapid housing price rise among Baltic States

Among European Union member states, Latvia had experienced the fourth most rapid housing price rise in Q4 2016 compared with the same period of 2015, according to information published by Eurostat.

Bank analysts predict Latvia’s inflation at 2.9-3.3% for March

Consumer prices in Latvia may have grown by 2.9-3.3% in March when compared with the same month of last year, bank analysts predict.

Ecolines invests four millions in bus fleet renewal

Continuing investments in the renewal of its bus fleet, Ecolines has bought ten new buses using funding from Swedbank. The company has bought five Setra S431DT and five Man R08, as BNN was informed by the company.

Robot vehicle traffic supported in Estonia

The government of Estonia has backed changes in legislation that would allow robotic vehicles taking part in street traffic.

Deutsche Bank stops securing US dollar transactions for Latvian banks

German Deutsche Bank, which secures US dollar transactions for multiple Latvian banks, has decided to cease relations with banks in Latvia.

Ventspils port terminals’ cargo turnover exceeds last year’s indexes

March 2017 was the most successful month for terminals working at Ventspils Freeport – a total of 2.6 million tonnes of cargoes were transshipped, which is 21% more when compared with March 2016, as reported by Ventspils Freeport authority.

Nearly all food products in Latvia have become more expensive this year

Compared with December 2016, prices of most food products in Latvia increased in March. Prices declined only for imported strawberries, oranges and smoked ham in the first quarter of 2017, according to information from the Agricultural Market Promotion Centre.

SEB expands cooperation with Altum to service loan requests more quickly

SEB Bank and Altum have signed authorization agreement for the issue of guarantees. This will help the bank speed up the processing of loan requests from small and medium-sized companies, as BNN was informed by the bank.

Number of transfer passengers at Riga airport up 11%

In the first quarter of 2017, the number of transit and transfer passengers serviced at Riga International Airport increased by 11%, according to data on the airport’s results for the first three months of 2017.

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