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Tuesday 03.05.2016 | Name days: Uvis, Gints

London Olympics photos: August 7

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During the London Olympics, BNN offers to check out daily galleries of events, the achievements of sportsmen and intense battles for medals.

More than 10 000 sportsmen from 204 countries of the world are competing for medals in the 2012 Olympic Games. The games will end on August 12.

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Today is the day of founding for Artuss Kaimins’ new political party

On Tuesday, 3 May, non-party deputy Artuss Kaimins will be holding the founding meeting of hi new party – KPV – at the Large Guild, Riga.

airBaltic concludes its share capital increase

On Monday, 2 May, the Shareholder Meeting of airBaltic decided the share capital increase of the Company by 131 152 036 shares with the nominal value of each share being EUR 1. The newly approved share capital of airBaltic will now constitute EUR 256,472,824, composed of 256,472,824 shares. The share capital increase procedure is thus completed.

EC to recommend visa-free travel with Turkey, despite undemocratic processes

The European Commission is to give its conditional recommendation for Turkey-Schengen area visa-free travel, even though Ankara increasingly targets on its opponents in a manner more autocratic than democratic.

RSU scientists have created a new heart valve prosthesis

Latvian scientists have managed to isolate the perfect material for the manufacture of heart valve prostheses. This new and unique material gradually merges with the human organism’s cells, which accept the artificial prosthesis over time. This result was achieved in research supervised by Riga Stradins University.

Tallinn airport starts repair and construction works

Tallinn airport in Estonia has on May 1 started repair and construction works that for the most part will be conducted at night not to affect operation of the airport.

SP: Russian businessmen continued to invest in Latvia’s transit industry last year

The country’s economic security interests may be negatively influenced by the fact that there are companies among cooperation partners of Latvian ports whose owners are close to the Russian political elite. This creates the risk that if the Russian elite make the decision to divert cargoes to other ports, loyal businessmen will likely follow this directive, Security Police predict.

Food Union once again reduces milk procurement prices due to the milk crisis

In relation to the continuing crisis in the dairy industry, reduced production prices and overproduction of fresh milk in Latvia, Food Union has decided to reduce prices on dairy products.

SA: the time has come to decide on ending privatization

Latvia has a long privatization history. Even in 2003 the government was aware that the goal of privatization had already been reached. With that, officials had suggested ending the process back then.

Study: Half of largest investors do «nothing to mitigate climate risk»

A study evaluating investments of world's 500 biggest pension funds, insurers, sovereign wealth funds, foundations and endowments – managing a total of 33 trillion euros -, has learnt that nearly a half are doing nothing to reduce climate change.

Lembergs’ official, declared income grows; debts remain unchanged

Last year, Aivars Lembergs’ income had grown to EUR 485,620, according to his declaration for 2015.

Gas market’s liberalization – what will is mean for consumers?

The liberalization of Latvia’s gas market will increase Latvia’s and the entire region’s energy security, making Baltic States and Nordic countries better connected. Big players will be able to operate better and procure gas at better prices. Consumers will be able to buy gas and electricity at cheaper prices, experts admit.

Artuss Kaimins to found his new party this week

On Tuesday, 3 May, the Large Guild will hold the founding of a new political party of non-party Saeima deputy Artuss Kaimins. It is planned to approve the party’s work in documents and elect the party’s management.

French police uses tear gas in Workers’ Day rally

Police in Paris used tear gas at protesters as tensions erupted during Workers’ Day rally on May 1 after youths with masked faces threw cobblestones and bottles at riot troops.

84 people feared missing in Mediterranean Sea

The International Migration Organisation has stated that 84 people are missing in the Mediterranean Sea after a boat sank off the coast of Libya over the weekend.

Russia blames U.S. air forces for flying near its border with transponder switched off

Russia has stated it was right to react against a U.S. air force reconnaissance plane over the Baltic Sea on April 29, after U.S. defence officials stated a Russian jet fighter acted in an «unsafe and unprofessional manner», and performed a barrel roll over its plane.

Week in Lithuania. Best U.S. fighter jets land in Lithuania

Last Wednesday, April 27, President Dalia Grybauskaitė greeted and took a closer look at the cutting-edge U.S. F-22 Raptor fighter jets which landed at the Lithuanian Air Force Base in Zokniai.

Economic Diary of Latvia. How to save millions

This week, municipalities of Riga region hoped to submit to Prime Minister Maris Kucinskis proposals for changing the policy for the administration of real estate taxes.

Joint Baltic and NATO Naval Forces training to take place in Latvia’s territorial waters

From 6th-13th May, Baltic Fortress Baltic Naval Forces training will be taking part in Latvia’s territorial waters. This year, military exercises will be attended by navy forces of Baltic States and two NATO ship groups.

Vladimir Egger re-elected as Chairman of Supervisory Council of Latvian Shipping Company

On Friday, April 29, the Supervisory Council of JSC Latvian Shipping Company repeatedly elected Vladimir Egger as the Chairman of the Supervisory Council, whereas Kaspars Bunne was elected as Deputy Chairman of the Supervisory Council.

Lithuania calls Russia to discontinue its tradition to seek new enemies

On Friday, 29 April, in reaction to Russian Foreign Affairs Minister Sergei Lavrov’s announcement that Lithuania is «the most aggressive, Russophobic country», Lithuanian Foreign Minister Linas Linkevicius called his Russian counterpart to «discontinue the tradition to seek new enemies».

Lavrov: Baltic States are ungrateful for Moscow’s permission leave USSR

Russian Foreign Affairs Minister Sergei Lavrov has recently said that Baltic States have not expressed any kind of gratitude to Moscow for letting them «go in peace» after the collapse of the Soviet Union.

Surplus of municipal consolidated budgets grows rapidly

In Q1 2016, there was a surplus of EUR 110.7 million noticed in the municipal budget, which, compared with Q1 2015, means an increase of EUR 45.1 million, according to the State Treasury.

Latvia’s retail trade increases 0.3%

Compared to March 2015, total retail trade turnover rose by 0.3 % in March 2016. Retail trade in food products grew by 1.0 %, whereas retail trade in non-food products – by 0.2 %.

Latvia’s Gross Domestic Product declined slightly in 2016

Latvia’s Gross Domestic Product value dropped by 0.1 % in Q1 2016 compared to Q4 2015, as emphasized by seasonally adjusted data.

Bookmakers expect Piebalgs to become the next leader of Unity

According to Triobet bookmakers, former European Commissioner Andris Piebalgs will become the next leader of Unity. Piebalgs’ victory at the 4 June Unity extraordinary congress is predicted with 75% probability.

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