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Monday 19.03.2018 | Name days: Jāzeps

Swedbank and ABLV Bank enjoyed largest profits last year

Last year, the largest profits among banks in Latvia were recorded for Swedbank and ABLV Bank. Seven banks worked with losses in Latvia last year, according to data compiled by Association of Latvian Commercial Banks.

Saeima committee proposes two initiatives to support pensioners

Latvian parliament’s Social and Employment Matters Committee has agreed on support of two initiatives in the field of pensions. Members of the committee propose increasing pensions for residents who retired in 1996, as well as introduced benefits for retired widows, as confirmed by Saeima’s press-service.

USA and Baltic States prepare for upcoming summit in Washington

To discuss preparations for the upcoming US-Baltic summit in Washington this spring, Latvian Foreign Affairs Minister Edgars Rinkēvičs together with his colleagues from Lithuania and Estonia met with US Secretary of State Rex Tillerson on 5 March.

Amendments proposed to allow pensioners to receive pension from their dead spouse

On 6 March, Latvian Association of Regions submitted amendments to the Law on State Pensions and Law on State Funded Pensions. These amendments provide that pensioners who outlive their spouse are to be paid 50% of their pension capital.

Russia investigates its army plane crash in Syria, death of over 30 people

The Russian Defence Ministry has stated that in Syria a Russian military transport plane has crashed taking the lives of over 30 people.

Baltics and five more EU members stand for finishing current EU reforms instead of starting new ones

Voicing their view of the Franco-German plans to reform the European Union, the Baltic states and five other northern EU members called on other partners to concentrate on finishing the banking union, enhancing compliance with budget rules and also on the establishment of the European Monetary Fund.

Volume of energy realized by Enefit in Latvia grew 15% in 2017

Enefit reached stable growth indexes in Latvia’s gas market in 2017, concluding the year with 23.5% growth of profits and an expanded customer portfolio.

Expert: no efforts to influence election system are expected for Latvia’s upcoming elections

Compared to attempts to hack the digital election systems in USA, France, Netherlands and Ukraine, no attempts to influence the system in Latvia are expected. This is largely because of the old-school approach to counting election results, says director of NATO Strategic Communication Excellence Center Jānis Sārts in an interview to Diena.

Latvian companies use trademark protection options more and more often

The number of applications detailing national trademarks had increased considerably last year, reaching 1,798 in total. An increase has been observed in regards to national and international procedures, BNN was informed by the Patent Office's Intellectual Property Information Center.

Wild wolves become more visible in Estonia, but people said to be safe

In north-western Estonia, wolves have become more visible to human population and a dog owner in Pürksi village in Lääne County has said that his dog has been attacked by wolves.

Prosecutor General: investigation of Bank of Latvia governor’s case will not take years

«Currently there is no reason to believe that the investigation of the case involving the governor of the Bank of Latvia Ilmārs Rimšēvičs could take years,» said prosecutor general Ēriks Kalnmeiers in an interview to Dienas Bizness.

Latvian Economy Ministry revokes MPC permit for Rīgas enerģija

Economy Ministry has decided to revoke the mandatory procurement permit once provided to SIA Rīgas enerģija combined heat and power plant. It should be mentioned that this company is partially owned by Māris Martinsons’s family.

FCMC receives ABLV Bank’s self-liquidation project

On Monday, 5 March, Finance and Capital Market Commission received ABLV Bank’s documents on self-liquidation. If no need arises to request additional documents, FCMC will review provided information in no more than 30 days.

First Baltic fin-tech accelerator opens up

Swedbank headquarters in Riga has become the home for B2B accelerator Startup Wise Guys start-up support programme. Nine start-ups from nine corners of the world were picked from 80 contenders, as reported by Swedbank representatives.

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