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Saturday 24.03.2018 | Name days: Kazimirs, Izidors

Survey: Latvians expect their financial state to improve in 2018

33% of Latvian residents are optimistic and believe their family’s financial state will improve at least somewhat in 2018, whereas only 6% are very optimistic and believe the year will be more successful than the previous year, according to results of a survey performed by Norvik Bank.

Alcohol advertising ban in Lithuania creates trouble around magazines from abroad

Since an alcohol advertising ban has come into effect in Lithuania in January 1, foreign publishers have refused to adjust to the new rules making their local distributors tear out pages from the magazines.

South Korea aiming to ban bitcoin trade

The South Korean government voiced plans of drafting a law that would prohibit the trade of virtual currencies, which includes bitcoin.

Conexus applies for certification with Gazprom shareholders still on board

In spite of the fact that there are representatives from Russian Gazprom concern among shareholders of Conexus Baltic Grid, the company has decided to submit an application to the Public Utilities Commission for certification.

Poland’s new PM hopes to convince EU of necessity of controversial Polish judicial reform

The new Prime Minister of Poland, Mateusz Morawiecki, has noted that the dispute between Warsaw and the European Union is a misunderstanding and expressed readiness to convince Brussels of the need of the judiciary reforms.

Catalonia parties agree on deposed President as their candidate for the post

In an indication that the Catalan independence drive would continue, the two largest pro-independence parties in the region’s newly elected parliament have decided to support ex-leader Carles Puigdemont as their candidate for the post of the regional President.

Annual inflation in Latvia affected the most by prices of food and non-alcoholic beverages

Compared to December 2016, the average level of consumer prices rose by 2.2 % in December 2017. Prices of goods increased by 2.0 %, whereas prices of services by 2.6 %.

Kālija parks: Ventspils Freeport’s lawsuit on lease termination is legally absurd

The company Kālija parks denies allegations regarding any violations of the signed lease and calls Ventspils Freeport authority’s claim for termination of land and dock lease unjustified and legally absurd, as noted by the company’s council member Aivars Gobiņš.

Minister: release of municipal newsletters should be detailed in the law

Municipal administrations must not meddle in the media market. Instead it would be best to clearly detail in the Law on Local Governments how often municipal administrations are allowed to release newsletters, said Latvian Culture Minister Dace Melbārde in regards to media policy.

Estonia to observe foreign reports on it, prevent damage to its image for 800 000 euros

From 60 000 to 800 000 euros, such is the planned increase of Estonia government's funding on strategic communication aimed at monitoring foreign media reports on the Baltic country and on containing possible damage of the Estonian image.

Authorities uncover internet store fraud scheme; police arrest group of three

After launching several criminal processes in relation to internet store last year, Latvian State Police has arrested a group of three persons.

Saeima committee conceptually supports new Insurance Contracts Law legislative draft

Saeima’s Budget and Finance Committee unanimously decided to provide conceptual support to the new legislative draft for Law on Insurance Contracts. The new legislative draft was developed to improve and modernize existing regulations, as reported by Saeima’s press-service.

Winter sports lovers trapped by Alps snow, unable to ski

Heavy snow in the Alps has denied several thousand of tourists to leave towns and villages in Switzerland, France and Italy, where skiing is also not possible, since slopes are not open due to the risk of avalanches.

French intellectuals warn against new wave of Puritanism

French film diva Catherine Deneuve is among a hundred French female intellectuals, who have warned against a new wave of Puritanism in the wake of the recent sexual harassment scandals stemming from the U.S. film industry.

Foreign trade turnover in Latvia up 11.5% since last year

In September 2017 Latvian foreign trade turnover amounted to EUR 2.28 billion, which at current prices was 13.3 % more than in September 2016, of which the exports value of goods was 7.7 % and imports value of goods was 18.4 % higher.

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