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Monday 27.03.2017 | Name days: Tālrīts, Gustavs, Gusts

German police arrests men suspected of terror plot

Police in Germany announced on Friday, December 23, that it has arrested two men suspected of plotting a terror attack at a shopping centre in the city of Oberhausen.

Saeima to discuss proposal to not apply PIT on pensions

On Thursday, 22 December, Saeima asked the parliamentary Social and Employment Matters Committee and Budget Finance Committee to review the proposal to lift the application of PIT on pensions.

Latvian residents pessimistic about chances of finding good jobs

As the year comes closer to its end, residents become more and more positive. Compared with October, residents’ overall prediction for the future has improved by three points. Optimistic changes are also noted in general expectations, which have improved by two points.

No snow for Latvia this Christmas

The first two ten-day periods of December have been warmer than the norm; multiple air temperature records have been exceeded. It is expected that air temperature across most of the country will remain above 0° C for Christmas as well.

Thin layer of snow may influence electricity price rise next year

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.

Putin combats «cosmetics spirits» as bath lotion claims new victims

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.

Legislative acts for violence prevention and other decisions viewed by Saeima this week

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.

Nearly one-third of households hope for improvement of financial situation next year

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.

Fourteen major legislative changes to come into force in Latvia next year

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.

PHOTO: winter solstice celebration in Old Riga

This Tuesday’s evening in Old Riga was livened up with traditional log-pulling through the streets of the old city, which culminated in log burning, folk dances, songs and games.

Next year’s budget priorities in Riga – education, school and street repairs

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.

Berlin’s market attacker wanted as police releases initial suspect

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.

Amendments to Micro-enterprise Tax Law to come into force next year

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.

Expert: Russia’s and Turkey’s relations may become stronger

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.

Economist: Latvia will feel growth of authoritarian regimes in the world

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.

Estonian 2017 budget passed with defence spending at 2.17% of GDP

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.