This year for Baltic electricity market marked significant development infrastructure. As a result of this development, electricity price in Latvia has declined 13%. In Estonia, on the other hand, an increase of electricity prices has been noticed, according to information from Enefit.
Following over 50 deaths in Russia from drinking a bath lotion, the country’s President Vladimir Putin has on December 21 issued orders trying to curb the sale of alcohol-containing liquids.
On Thursday, 22 December, members of the Saeima will gather on the final autumn session of the year. There are 38 matters on the meeting’s agenda.
Looking at changes of their financial situation, one-third of Latvian residents said the situation in their household has improved. Another one-third mentioned their situation has worsened.
Minimal wage increase, not labour pay system for workers of certain sectors and amendments to unemployment benefits – these and other major legislative changes will come into force in Latvia next year and will affect all Latvian residents, as stated by SEB bank economist Dainis Gaspuitis.
Riga City Council intends to keep budget priorities the same for 2017. This includes social assistance, support for families, education and security. It is also planned to divert significant funds towards repairs of streets and education institutions.
Police in Germany released on December 20 the man initially suspected of committing the killing of 12 people by driving a lorry into a Berlin Christmas market and looking for the attacker.
Starting from 2017, micro-enterprise tax rate in Latvia will be 15% of turnover. At the same time, the government has decided to cancel the introduction of minimal social insurance fees. This is provided by amendments to Micro-enterprise Tax Law and State Social Insurance Law approved by the Saeima on Tuesday, 20 December.
The murder of Russian ambassador to Turkey Andrey Karlov could impact Turkey’s internal policy more than the country’s relations with Russia, says US policy lecturer in Turkey Andris Banka.
We live in an age of major changes. It is important to keep eyes and ears open to make the right decisions for the country’s best interest, said Ojars Kehris, president of the Association of Economists, at the ‘Role of the new US President in world economy and security’ discussion organized by the association.
The parliament of Estonia adopted on December 19 the country’s budget for 2017, where defence spending has been raised reaching 2.17% of Estonian GDP.
Saeima’s approved budget plan states Latvia’s GDP growth needs to be 3.5%. Triobet bookmakers assess such a possibility with 3.5% probability.
In relation to a cargo truck crushing into a Christmas market in Berlin on December 19, which resulted in the killing of 12 people and injuring of 48 more, German police has detained and is questioning a man suspected of committing the attack and leaving the scene on foot.
Old Latvian belief states that there should be at least nine dishes on the Christmas table. Latvian folklore does not offer much advice on choosing appropriate beverages to go with pies or stewed cabbage. To make things easier for residents, Rimi sommelier Marcis Mitrevics offers advice on picking the best wine for different Christmas dishes.