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Wednesday 26.04.2017 | Name days: Rūsiņš, Sandris, Alīna

Greiskalns: flaws in construction regulations scare away foreign investors

There are multiple reasons for the drop in direct foreign investments in Latvia in recent years – foreign investors are scared off by the still existing problems like grey economy, corruption, risks of abuse of insolvency procedures and Latvia’s unpredictable tax environment. There are also flaws in construction regulations, says foreign investments expert Girts Greiskalns.

De Facto: Estonian fast loan company may have been laundering money

Authorities suspect that Estonian MiniCredit fast loan company was being used as a money laundering machine over the course of many years. Millions of euros went through it, as reported by De Facto programme of LTV.

Calendar of cultural and sport events in Lithuania. 16th Japanese Film Festival

BNN offers you a selection of cultural and sports events in Lithuania for the week during January 30- February 5

Dry weather expected in Latvia; nights will be especially chilly

On Monday, 30 January, weather in Latvia will remain cloudy as a precipitation zone crosses the country. This will ensure wet snow and snow for the most part. Roads may ice over as well, as reported by the State Environmental, Geological and Meteorological Centre.

Survey: Latvian residents do not dedicate enough time to sleep

54% of women admit spending 5-7 hours on sleep. 14% say they do not sleep more than five hours every night. The majority of men also do not devote sufficient time to sleep. 30% spend 5-7 hours sleeping at night. 22% sleep no more than five hours every night, according to results of a survey by Benu pharmacy.

Weekend destination: sports, food and live music in Sigulda

World junior championship in skeleton will be held for the first time at the Bobsleigh and luge track in Sigulda this Saturday. The castle of the Livonian Order in Sigulda will host the opening event of the European Gastronomy region with the Winter Tastes celebration. All people who enjoy fine meals, great music and good atmosphere are invited to come. People who enjoy active leisure are also invited to try out Sigulda’s skiing tracks, as reported by representative of Sigulda municipal council Ginta Ziverte.

Latvian citizen tried in Taiwan for theft of 2.4 million in an international crime group

On Wednesday, 25 January, Taiwan court tried three foreigners, including a Latvian citizen, for theft of TWD 81 million (EUR 2.4 million) using malware to access a large local ATM network.

Rention: residents reluctant to spend time to submit monthly counter readings

«Discussing the industry’s existing problems and solutions, we have concluded that people are reluctant to spend time to submit monthly counter readings. People also seldom attend apartment owner meetings,» - say Rention real estate management platform and Latvian Chamber for Commerce and Industry.

Aseradens: Latvia should reduce tax burden for companies with low revenue

«The new tax regime should contribute to Latvia’s progression to a modern, innovative economy,» – said Economy Minister Arvils Aseradens during his meeting with President Raimonds Vejonis on Thursday, 26 January.

Coca-Cola changes its visual design

From January 2017 onward, Coca-Cola intends to change its identity and brand policy.

Remuneration of construction workers up 3.5% in Latvia

Compared to December 2015, the level of construction costs in Latvia increased by 0.4 % in December 2016. Labour remuneration of workers grew by 3.5 %, maintenance and operational costs of machinery and equipment rose by 1.1 %, whereas prices of building materials decreased by 1.1 %.

Kols: it is as though Foreign Ministry avoids defining clear foreign policy priorities

Without specific, strategic objectives to help protect Latvia’s interests, Foreign Ministry avoids defining clear foreign policy priorities, limiting itself to declarative announcements, says associate to Saeima’s Foreign Affairs Committee Rihards Kols.

LOSP: farmers worried about tax policy’s future

Farmers oppose Economy Ministry’s intention to reduce the unreasonable effect electrical energy’s mandatory procurement components have on large consumers and put it instead on small and medium-sized companies.

Signatures collected to allow voters to give negative votes in Saeima elections

On Tuesday, 24 January, a campaign was launched on to collect signatures to ensure voters the opportunity to give negative votes to political parties during Saeima elections.

Study: Latvians unjustifiably often consume antibiotics

52% of Latvian residents use antibiotics whenever they get a cold. A quarter of them consume antibiotics on their own – using up the antibiotics left from the previous antibiotics treatment course, or getting antibiotics used in prior illness cases without prescription from a doctor, as concluded in a study performed by Silvanols and SKDS.

Agreement signed to improve funding opportunities for small businesses in Baltics

UniCredit Leasing and European Investment Fund have signed InnovFin guarantee agreement to improve funding options for small and medium businesses in Baltics.

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