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Ceturtdiena 08.12.2016 | Name days: Gunārs, Vladimirs, Gunis

February 24 in pictures

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BNN offers you to take a look at topical, interesting and simply beautiful pictures of the day.

Anyone can participate in the creation of our Galleries of the Day! Send your photos to our e-mail redakcija@bnn.lv, with «Pictures of the Day» as the topic.


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More expensive alcohol and fuel causes price rise in Estonia

Over the past year, a small consumer price increase has been registered in Estonia – from November 2015 to November 2016 the country’s consumer price index has risen by a percent. Statisticians evaluate that the key factors behind it have been more expensive fuel, alcohol and tobacco.

Politicians urge finance minister to step down because of deputy quotas

Because of unwillingness to act, the state plans to cancel the introduction of mandatory social fees and increase micro-enterprise tax from 9% to 15%, states political party For Latvia’s Development. In addition, because of the irresponsible behaviour and lack of proper organization of important tasks, the party expresses distrust to Finance Minister Dana Reizniece-Ozola, asking her to step down.

Lembergs to continue testifying in his criminal case

On Thursday, 8 December, Riga Regional Court will continue viewing the criminal case launched against Aivars Lembergs.

Apple explains iPhone «fires» pointing to external factors

Reacting to reports that a number of iPhone users has have experienced battery «fires», U.S. tech giant Apple has this week blamed external factors, not the parts of the device for the accidents.

Prohibition to serve abroad and other decisions viewed by the Saeima this week

On Thursday, 8 December, the Saeima will decide on amendments to the National Security Law aimed at prohibiting Latvian citizens and non-citizens from serving in foreign army, police and security institutions. Changes are necessary to reduce the possible security risks related to military service in third countries.

Stake of Russian oil giant to be sold for billions

Russian government stated on December 7 that British commodities trader Glencore and Qatar's sovereign wealth fund are jointly acquiring a 19.5% stake in Rosneft, Russia's largest oil firm.

This year marked a surge in corporate lending in Latvia

In the first three quarters of 2016, Latvian enterprises were provided with bank loans for a total amount of 1.4 billion euros, which is 40% more when compared with the first nine months of 2015, according to estimates from the Latvian Association of Commercial Banks and Finance and Capital Market Commission.

EU auditors don’t know, where billions allocated to Ukraine were spent

The European Union over the recent years transferred billions of euros to Ukraine, for the most part as direct budget support and yet EU’s European Court of Auditors stated on December 6 it was unable to say how the money was spent.

84.4% of last year’s cargo volume was transported by rail in Latvia

Continuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzceļš had increased in November. The volume of cargoes transported by rail reached 4.46 million tons or 7.6% more in comparison with November 2015.

Ten most outrageous predictions that can potentially shock the finance environment

Can the Chinese economy exceed expectations? Will Britain remain in the EU? Will the Mexican peso grow and will Italian banks become growth leaders?

Ventpils took the most cream from deputy quotas

Although there are 119 municipalities in Latvia, most of the money allocated as part of deputy quotas has ended up only in a couple of municipalities that have direct ties with ruling parties. On top of that, amounts allocated to five municipalities exceed one million euro, according to information from Ir magazine.

European Commission blamed for being passive over gay discrimination in Lithuania

Six members of EU’s European Parliament from five political groups have this week blamed the European Commission for not acting on allegedly clear discrimination against homosexuals in Lithuania.

Estonian minister steps down shortly after taking office

Estonian Rural Affairs Minister Martin Repinski announced on December 6 that he was stepping down from office, having worked in the post for less than two weeks amid scandals surrounding him.

FM: for every one euro paid to EU budget, Latvia receives four euros on average

Next year, Latvia will receive more from the European Union budget than it will pay. For every one euro paid to the EU budget, Latvia will receive four euros in return, says Finance Ministry’s spokesperson Aleksis Jarockis.

Impressive deputy quotas – UGF wants to get more money for its municipalities

The sum of money money allocated for budget quotas has grown to EUR 20 million, because the Union of Greens and Farmers wants to allocated large amounts of money for municipalities managed by the party’s members, notes Saeima deputy Laimdota Straujuma.

Merkel supports limited ban on full-faced Muslim veils

Head of German federal government Angela Merkel has states on December 6 that burka Islamic head-wear should be banned in the country within the limits of law.

Greece accepts extradition of three accused over Turkish coup attempt

A court in Greece has on December 6 accepted that three Turkish troops accused of links to this summer’s Turkey’s attempted coup must be extradited to Turkey.

Elering announces tender for designing and building Estonian-Latvian power connection

As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has this week announced a procurement tender for designing and constructing the Estonian side of the project.

Expert: it is hard to tell small companies how they should work from now on

Because it is not entirely clear how the country’s tax regulations could change in the future, it is very hard to provide any recommendations to small companies in relation to their future, said KPMG senior auditor Gunta Kaulina in an interview to Latvijas Radio.

Authorities stop drug smugglers, one of whom is a convict in Central Prison

On 23 November, officers of State Revenue Service’s Customs Police Office performed multiple searches in Riga. Searches were performed in homes of individuals held suspect for ordering different kinds of narcotic substances from Netherlands with of selling them in Latvia, including to convicts in Riga Central Prison.

VNT doubts the actual situation with source of stench in Ventspils has been checked

Ventspils nafta terminals denies accusations voiced against the company in relation to the spread of petroleum stench in Ventspils last week, although the company did not perform any cargo operations in the respective period.

Social networks and YouTube to build database to prevent recruitment of terrorists

Largest U.S. social networking companies have stated on December 5 that they cooperate to create a joint data base with images and videos that are employed to lure users into terrorist activities.

Economist: investment inflow will be positive, but slower than last year

In Q3, the current account formed a surplus of 1.5% of the country’s GDP, according to data from the Bank of Latvia. This year’s general surplus is 1.1% of GDP. It is expected that investment inflow will remain positive before the end of the year. It will be slower than last year, predicts Swedbank economist Agnese Buceniece.

Kaimins: government is prepared to dump billions into iron and concrete, but not people

«Thank the government for its lack of spirit, reversed priorities, cynicism and indifference towards Latvian taxpayers,» – said Saeima’s independent deputy Artuss Kaimins in his speech to the parliament.

French Interior Minister nominated for post of PM

Following the resignation of the current French PM, on December 6, the country’s Interior Minister Bernard Cazeneuve has been named as the next head of government.

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