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Monday 19.03.2018 | Name days: Jāzeps

Kaljulaid against using Russian TV PBK to talk to Estonia population

Estonian President Kersti Kajulaid has criticised that Russian television channel Pervõi Baltiiskii Kanal (PBK), with its versions also broadcast in Latvia and Lithuania, was seen as a channel for informing local residents.

Brokers: competition decline will continue increasing insurance prices

The contract for the sale of Seesam Insurance shares to VIG Group marks continued decline of competition within Latvia’s insurance market, according to Professional Insurance Brokers Association (PIBA).

Latvian sports organizations to adopt additional anti-doping measures

In accordance with the initiative from Latvian Sports Federation Council (LSFC), a contract has been signed with National Center of Sports Medicine for anti-doping measures in Latvia and outside for high-class athletes that participate in international sports competitions, as confirmed by LSFC representatives.

EC to provide 3.46 million euros to support Latvian farmers impacted by floods

The European Commission has decided to pay EUR 3.46 million to support Latvian farmers who were impacted by autumn floods.

Latvian parliament wants to hide cigarettes from buyers’ eyes

On Tuesday, 19 December, Saeima’s Social and Employment Matters Committee continued work on a legislative draft for more serious restrictions for trade of tobacco products, as reported by Saeima press-service.

Latvian households’ disposable income grew 4.9% in 2016

Compared to 2015, household disposable income increased by 4.9 %, reaching 437 euros per household member monthly in 2016.

Swedbank: housing accessibility remains high in all Baltic capitals

Housing Accessibility Index improved in all three Baltic capitals in Q3 2017. Housing accessibility in Riga benefited from wage rise and reduced loan interest rates. In spite of the improved accessibility index in Riga, the market is ruled by relative silence, according to Swedbank Baltic Housing Accessibility Index.

Flights in December have 50% probability of being delayed

Christmas is the second least appropriate time after summer for flights, according to Eurocontrol data. On top of that, there is a 50% probability that flights may end up delayed in December. This means that people should plan ahead to avoid unexpected problems along the way, according to data from Skycop.

U.S. to spend in Estonia Ämari Air Base 12 million euros

The U.S. have decided to spend 214 million U.S. dollars (181 million euros) in European air bases, with 13.9 million U.S. dollars (11.8 million euros) being earmarked for the Ämari Air Base in Estonia.

Karavela: the year was difficult for fishing industry in Latvia and elsewhere in the world

2017 was very difficult for the fishing industry in Latvia and western countries, said co-owner and marketing director of Karavela canned fish producing company Jānis Endele, commenting on the situation in the industry in 2017.

Russia to move out from Ukraine its truce monitors

Russia has stated it would move out its servicemen tasked with monitoring truce in the ongoing war in eastern Ukraine operating as part of a joint Russia-Ukraine centre.

WannaCry ransomware attack blamed on North Korea

The U.S. has stated that North Korea has been directly responsible for the cryberattack of ransomware WannaCry that in May, affected important computer systems in many countries.

Latvia’s inflation level was fourth highest in EU in November

November’s inflation in Latvia was fourth highest among member states of the European Union, according to Eurostat data published on Monday, 18 December.

Leader of Latvian Association of Regions announces his departure

On Monday, 18 December, Riga City Council member Mārtiņš Bondars announced his decision to leave Latvian Association of Region (LAR). The politician had previously mentioned that LAR’s recent decisions seem unreasonable and unbeneficial to state interests.

Traders association: cigarette contraband will increase dramatically

Latvian Traders Association is worried – by reducing availability of tobacco products in stores and other trade locations, the proportion of products sold ‘under the radar’ will only increase. And this is basically what amendments to the Law on Tobacco Products Circulation.

Problems in higher education funding cause concerns for education quality

There can be no certainty about the progression of Latvia’s higher education towards excellence, because no ambitious goals have been set up for its development so far, as concluded by State Audit after performing an assessment of the country’s education funding system.

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