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Monday 19.03.2018 | Name days: Jāzeps

Latvian railway company to receive new trains in 2020

SIA Pasažieru vilciens plans to receive two new electric trains at the end of 2020, as the company’s chairman Rodžers Jānis Grigulis confirmed in an interview to 900 seconds programme of LNT on Friday, 9 March.

SEB Bank: businessmen in Estonia and Lithuania are more ambitious; have plans to hire more people

16% of Latvian small and medium-sized companies have plans to increase the number of their employees. The number of such businesses has increased in Latvia in comparison to the previous year, when the proportion of such companies was 12%, according to results of a study by SEB Bank.

Baltics want faster US decisions on the region’s air defence

Ahead of the meeting of three Baltic presidents with US President Donald Trump on April 3, Lithuania, Latvia and Estonia have called on the key ally to make «faster decisions» on the region’s air defence.

Latvia’s Saeima supports transition to education state language in second reading

On Thursday, 8 March, Latvia’s parliament supported in the second reading amendments to the law to ensure schools in Latvia gradually transition to education only in state language. It is planned for the transition to commence 1 September 2019 and end 1 September 2021.

Inflation is in decline, but experts see signs of growth in Latvia

«Annual inflation continued to decline in February, which is not a big surprise, considering that prices continued growing rather rapidly. While inflation was surprisingly low in January – around 2% –, it was only 1.8% in February. There are concerns this year’s inflation may exceed 3%,» says Luminor Bank’s expert Pēteris Strautiņš.

«If we stop, the world stops» - Spain's women's strike gathers several million

In Spain, the day of the first women's day strike has been passed, as women taking part stopped working and were been urged by organisers to spend no money and not do any domestic work for 24 hours.

Air temperature in Latvia may rise to +10° C on weekends and beginning of next week

Weather in Latvia on Friday, 9 March, will remain influenced by a cyclone. Because of that, it will remain cloudy and some precipitation is expected, as reported by Latvian State Environment, Geology and Meteorology Centre.

LCCI asks Latvenergo’s profits to be diverted to reduce bills for residents

On Thursday, 8 March, Latvian Chamber of Commerce and Industry decided to request Latvenergo’s profits of EUR 78.9 million to be diverted towards reducing electricity bills for residents and differentiation differences caused for businessmen, BNN was told by the council.

Bank of Latvia governor prohibited from performing duties in ECB council

The governor of the Bank of Latvia Ilmārs Rimšēvičs is denied the right to perform duties associated with his post in the council of the European Central Bank, as confirmed by the Bank of Latvia.

Average consumer price level in Latvia up 1.8%

During the year, the average level of consumer prices rose by 1.8 % in Latvia. Prices of goods grew by 1.1 % and prices of services by 3.6 %.

Swedbank: Latvia is the greenest Baltic country, but inequality remains a risk

Latvia is currently experiencing rapid economic growth. Nevertheless, society is experiencing this growth at an unequal pace. Income inequality can negatively affect sustainable growth. Weak results in management (such as legislative power) put obstacles in the path of lasting economic development. This is why economic indexes should be observed from a long-term opinion, Swedbank representatives say.

NCP leader: I view prosecutor general’s weakness as threat to Latvia’s state security

Leader of the New Conservative Party and prime minister candidate Jānis Bordāns views the weakness of prosecutor general Ēriks Kalnmeiers as a threat to Latvia’s state security.

Unity invites Finance Ministry to fix adopted tax reform’s flaws

Members of Unity’s Saeima faction believe adoption of the tax reform was performed poorly and that new problems emerged from introducing it, creating misunderstandings for businessmen and residents.

UN: Women affected more by climate change

The UN has estimated that natural calamities related to climate change such as floods and drought influence the lives of women disproportionately more than those of men.

Hungary's Orbán announces financial support to pensioners and families month before election

As the Hungarian parliamentary election of 2018 approaches, the country's Prime Minister Hungarian Prime Minister Viktor Orbán came forward with one-time financial support for pensioners and families.

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