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Sunday 28.05.2017 | Name days: Vilhelms, Vilis

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.

Eesti Energia: Klaipeda gas terminal already works a regional facility

Although Estonia does not recognize Lithuania’s LNG terminal in Klaipeda as a regional facility and wants to build its own terminal, Eesti Energia manager Hando Sutter admits that Klaipeda terminal already functions as a regional one.

Expert: Latvia’s export contribution is closely tied to the situation in the EU

It is important to note that a major export value increase was noted in February – by 10.1%. This was largely thanks to growth in exports of transport and other services. With that, service export surplus grew to EUR 175.7 million, fully compensating foreign trade deficit, Finance Ministry comments on data from the Central Statistical Bureau of Latvia.

Government approves Latvia’s Stability programme for 2017-2020

The government has approved Latvia’s Stability programme for 2017-2020, which provides for increasing Latvia’s GDP to 3.2% in 2017 and 3.4% in 2018 at unchanged policy. For 2019 and 2020, on the other hand, it is planned for GDP growth rates to come close to the potential growth level, as predicted by Finance Ministry.

Government supports continuation of talks about purchase of shares in Conexus Baltic Grid

On Tuesday, 11 April, the Cabinet of Ministers supported continuation of talks with Conexus Baltic Grid shareholders about a possible procurement of shares in the company.