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Saturday 21.04.2018 | Name days: Marģers, Anastasija
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Latvian Post to require a loan of 10.5 million due to euro adoption

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUStarting from January 2014, in accordance with the lat-euro free exchange initiative, residents will be able to exchange these currencies free of charge at Latvian Post branches located in low-populated areas for a period of three months. It is estimated that the total volume of euro exchange could be near EUR 14,94 million.

Latvian Post will require a loan in order to afford this service until euro becomes a fully legal and abundant means of payment. Latvian Post will require a loan from the state budget’s short-term loan fund, Finance Ministry explains.

FM has come up with a special law to clarify the second stage of early euro supply to Latvian Post and secure the necessary conditions for the successful progress of the early euro exchange initiative. The bill has been added to the agenda of today’s state secretary meeting. It will need to be approved by the government and parliament.

The bill provides for the issue of of a short-term loan to Latvian Post. It states that the Finance Minister is to sign an agreement regarding the issue of a LVL 10.5 million loan to Latvian Post this year.

The conditions of the loan are as follows: loan pay back term – March 31, 2014; the loan is to have a set interest rate in accordance with the loan issue and service order; the loan is not to be fitted with a risk interest rate; it is to be provided without security for the loan.

The completion of the agreement will be monitored by the State Treasury. The Transport Ministry will oversee the use of the loan money. Latvian Post will need to pay back the interest from the 2014 state budget to cover the costs of Transport Ministry’s supply of exchange currency, as mentioned in the bill.

Ref: 102.109.109.8616


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    • Brian says:

      Thank you Barbara.

      Please contact Mike Walsh.

      Mike believes in anything. Or if he doesn’t he will tell anything you want, if you pay him cash.

      Thumb up 0 Thumb down 0

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    THANKS

    Mrs Rabeca moses,

    Thumb up 0 Thumb down 0

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    I am Mrs betty Richy

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  16. Mr Potter Hook says:

    Hello Every One, My Name is Mr Potter Hook i live in USA and life is worth living comfortably for me and my family now and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through a serious problem as my son encountered a terrible accident last weeks, and the doctors states that he needs to undergo a delicate surgery for him to be able to walk again, and i could not afford the bill for his surgery then i went to the bank for a loan and they turn me down stating that i have no credit card, from there i run to my father and he was not able to help, then when i was browsing through yahoo answers and i came across a loan lender Mr Prince William who provides loans at an affordable interest rate and i have been hearing about so many scams on the internet but at this my desperate situation, i had no choice than to give it an attempt and surprisingly it was all like a dream, i received a loan of $200,000 USD and i payed for my son surgery and thank GOD today he is okay and can walk and is working and the burden is no longer so much on me any more and we can feed well and my family is happy today and i said to my self that i will shout aloud to the world of the wonders of GOD to me through this GOD fearing lender Mr Prince William and i will advise anyone in genuine and serious need of loan to contact this GOD fearing woman via email.princewilliamloanlender@gmail.com and i want you all to pray for this Man for me. THANKS Mr Potter Hook

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  19. Mr Ehis Lee says:

    c

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  21. Sharon Coolidge says:

    I live in USA Florida and i am a happy woman today? I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them. If you are in need of loan and you are 100% sure to pay back the loan please contact them and please tell them that Mrs. Sharon Coolidge Lynn referred you to them. georgeloansfirm22@hotmail.com

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  22. james says:

    Si usted conviene primero calcularé las condiciones del préstamo y el documento del reembolso para usted entonces después que usted nos enviará el pago y de allí su préstamo será aprobar y ser transferencia en su cuenta sin ninguna demora de la clase

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  23. Linda says:

    why are u using someone elses name for your inappropriate advertising. Sod off.

    Thumb up 0 Thumb down 0

  24. ramsey mike says:

    and Alexandria whatever. Stop using other peoples names for your own ends.
    L

    Thumb up 0 Thumb down 0

  25. mark says:

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    Management
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  26. Harold Phill says:

    Thank you for your inquiry.

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    I hope this information has helped.

    Cheers,
    Harold Phill

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  27. APPLY FOR A LOAN says:

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  28. Andrew says:

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Wet summer boosted air travel via Tallinn Airport

In Estonian passenger aviation, a considerable 19% growth has been observed by the Tallinn Airport in 2017, which has explained the increase in passenger numbers partly with unusually bad weather conditions.

ABLV Bank urges FinCEN to withdraw «exaggerated accusations»

Lawyers of ABLV Bank, which is currently in the process of self-liquidating, urge US Department of Treasury’s Financial Crimes Enforcement Network to withdraw its published proposal, which details how ABLV Bank’s management had allegedly used bribes to influence Latvian officials and breach sanctions against North Korea.

Stoltenberg: NATO has no plans to boost military presence in Baltic States

NATO does not plan to increase its presence in Baltic States, which have requested additional aid against Russia’s potential aggression, as announced by the alliance’s Secretary General Jens Stoltenberg.

Mass evacuation in Berlin to defuse 500 kg bomb

In Berlin, after an unexploded bomb weighing 500 kg has been discovered, part of the German capital is being evacuated on Friday, April 20, in order to defuse the World War II weapon.

Friday will be warm and sunny in Latvia; weather to become cold and rainy later

Friday will be warm in Latvia, but weather will change on Saturday and Sunday – wind speed will increase and air temperature will drop. A wide low atmospheric pressure area above Northern Europe will be dictating weather next week. This means there will be more rain in Latvia, as reported by State Environment, Geology and Meteorology Centre.

New Cuba's President sees no room for capitalists in country

In Cuba, its First Vice-president Miguel Díaz-Canel has become the first President of the communist Carribean country ending the rule of Castro brothers.

Major political corruption case reaches court in Lithuania

A major political corruption case with involving MG Baltic, one of Lithuania's largest business groups, and two political parties, the Liberal Movement and the Labour Party, has reached Lithuanian court this week.

AHK warns: Latvia’s reputation worsens in investors’ eyes

In the evaluation of the business environment, Latvia was given 14 points among in a competition with twenty one countries. Latvia received the highest score for the quality of domestic deliveries, labour costs, payment discipline and higher education system.

Rīgas satiksme expects all 20 new low-floor trams to arrive this summer

In summer 2018 Rīgas satiksme hopes to receive all 20 new low-floor trams from Škoda. The company has not announced any specific terms as to when those trams may become available for passenger transport.

Organic food: MEPs support stricter regulations

On Thursday, 19 April, European Parliament approved new requirements and rules for production of high-quality organic food products, as BNN was told by EP Information Office in Latvia.

Birth rates in Latvia down – estimated population around 1 million 925 thousand

Since 2016 birth number in Latvia is reducing – in 2017 number of live births may be approximately one thousand smaller than in 2016. Number of newborn registered during the first three months of 2018 also was smaller than that recorded in the same period of 2017 – by 336 children.

East Capital’s fund buys Galleria Riga shopping centre

Asset-management company East Capital’s real estate fund East Capital Baltic Property Fund III has completed the deal for the purchase of Galleria Riga shopping centre.

Latvia’s parliament ratifies EU-Armenian partnership agreement

On Thursday, 19 April, the Saeima ratified the comprehensive partnership agreement between the European Union and European Atomic Energy Community on one side and Republic of Armenia on the other.

Unity: there are municipalities, in which heads of administration think they are kings

During their meeting with Latvia’s Environment Protection and Regional Development Minister Kaspars Gerhards, members of Unity’s Saeima faction concluded that there is still a lot of work left on the road towards enhancing democratic principles in municipal administrations.

Russian nuclear power plant to be towed through Gulf of Finland

In a move that has caused concern in Estonia, Finland and other Nordic Countries, Russia plans to tow a floating nuclear power plant, the Akademik Lomonosov, from the port of St. Petersburg through the Baltic and North Seas to Murmansk with it journey planned to begin on Friday, April 20.

Conversation with a politologist about voters in Latvia and stupid re-emigration plans

Among the new political parties in Latvia, only the New Conservative Party has chances of entering the 13th Saeima. Ratings of the Union of Greens and Farmers were not affected by the published oligarch talks. Unity will have recovered prior to elections, raising its rating to 5%, as BNN was told by politologist and University of Latvia Assoc. Prof. Ojārs Skudra.

39% of Estonians bought alcohol outside their country

With the alcohol excise in Estonia being considerably higher in than in its neighbouring Baltic country, Latvia, it has been found in a poll that close to 40% of Estonians have either purchased alcoholic beverages in Latvia or asked compatriots to buy some for them over the past 12 months.