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Sunday 18.02.2018 | Name days: Kintija, Kora
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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.

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      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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    c

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    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. mark says:

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    Management
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  24. 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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In the atmosphere of the March Russian presidential election, social network Instagram has submitted to the demands of Russia's internet censorship body and blocked in the country content with corruption claims voiced by Russian opposition figure Alexei Navalny.

Teenager charged with U.S. school shooting has confessed

A day after a tragic school shooting in Florida, the U.S., where 17 people have been killed, the suspect 19-year-old Nicolas Cruz has confessed to police.

Snowfall expected for weekends in Latvia; sky to become clear again next week

On Friday, 16 February, weather in Latvia will be dictated by a small cyclone, which will approach the country from Sweden. Because of that, the sky will be cloudy and snowfall will come to many areas. The cyclone will not be strong. With that, wind speed will remain relatively slow, as reported by Latvian State Environment, Geology and Meteorology Centre.

How will Lithuania look like in another 100 years?

In order to tell it, one needs to know the past and the presence. Yet the predicting how the centennial celebrations-engulfed Lithuania will look like in another hundred years is not easy at all even for political and business pundits.

Minister: Latvian authorities will perform an investigation about FinCEN report

Responsible Latvian institutions will perform an investigation in relation to the report from US Finance Ministry’s Financial Crimes Enforcement Network (FinCEN). In this report, the institution accuses ABLV Bank of bribing Latvian officials, says Foreign Affairs Minister Edgars Rinkēvičs.

Party calls for extraordinary meeting of Riga City Council’s Transport Committee

To invite officials to explain the illegal decision in regards to the mutual agreement between Rīgas satiksme’s and Rīgas mikroautobusu satiksme’s, political party For Latvia’s Development urges opposition factions of Riga City Council to call an extraordinary meeting of the Transport Committee, as confirmed by the party.

Meteorologists warn about -25° C frost in Latvia in March

Global Forecast System predicts a possibility of -25° C frost in Latvia’s eastern parts at the beginning of March.

Latvian residents remain dissatisfied with their families’ financial state

For several years in a row the majority of Latvian residents remain dissatisfied with their families’ financial state, according to results of Baltic International Bank Latvian Barometer.

Latvia’s cosmetics market – 160 million euros

Latvia’s cosmetics market is worth approximately EUR 160 million. Similar to Europe, skin and hair care products are the most popular ones. The smallest market proportion is occupied by decorative cosmetics, according to data from Latvian Cosmetic Manufacturers Association (LCMA).

RB Rail CEO says interference «from above» has been in line with the law so far

We have seen interference «from above» in RB Rail’s activities. The law was not breached, however. With that, there was no need to report anything to law enforcement institutions, RB Rail CEO Baiba Rubesa told Ir magazine.

15 Estonians die in flu period from complications

The number flu patients in Estonia is currently increasing. So far during this year's flu season, 15 people have passed away with flue-related complications.

Economy Minister asked to fix increasing electricity bills; parties threaten with dismissal

Latvian Economy Minister Arvils Ašeradens has to fix the mistakes that have caused electricity bills to increase, said chairman of Free Trade Union Confederation of Latvia Egils Baldzēns in an interview to 900 seconds programme of LNT.

Third of beer consumed in Estonia in 2017 bought in Vidzeme, Estonian factory breweries evaluate

Saku and A. Le Coq, two largest beer makers in Estonia have not published their exact sales numbers for the last year, but have been quick in stating that about one third of all beer drunk in Estonia was purchased in Latvia.

U.S. hit by another mass shooting at school

In the U.S., a high school has been attacked in the state of Florida, where gunshots have taken the lives of 17 people. Local police has detained a suspect – a 19-year-old man, who had been expelled from the same school.

Czech Republic and Slovakia may add to NATO’s battalion in Latvia this summer

The Czech Republic and Slovakia may add to the NATO battalion stationed in Latvia at the beginning of summer 2018, as confirmed by Latvian Defence Minister Raimonds Bergmanis.

Education Committee supports transition to education only in Latvian language

Saeima’s Education, Culture and Science Committee has conceptually supported amendments to the law that provide for a transition to education only in state language. This transition will be performed gradually, with the final phase scheduled for 2021/2022 school year, as reported by Saeima’s press-service.