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Monday 25.06.2018 | Name days: Maiga, Milija

OECD predicts Latvia the most rapid GDP growth among Baltic States

According to predictions from the Organization for Economic Co-Operation and Development, Latvia may experience the most rapid GDP growth among Baltic States in 2018-2019 – 4.5% this year and 3.6% next year. Estonia’s GDP growth is planned at 3.7% this year and 3.2% next year, whereas Lithuania’s GDP growth may reach 3.3% this year and 2.9% next year.

Ukraine admits faking murder of Russian journalist Babchenko

Ukrainian authorities that announced the violent death of Russian opposition journalist Arkady Babchenko have now shown him to the public safe and sound. International organisations have sharply criticised Kyiv of spreading such misleading information.

45% of Latvians believe workaholics inevitably «burn out»

Most interviewed Latvian residents have a negative outlook on workaholism, and 45% consider it the main cause for an early «burn-out» at work, according to a survey from CV-Market.

Retail trade turnover in Latvia up 3.1% in April

Compared to April 2017, total retail trade turnover rose by 3.1 % in April 2018. Turnover of retail trade in food products increased by 2.1 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 3.7%, whereas turnover of retail sale of automotive fuel – by 3.5 %.

Moscow shooes away UN calls to help find MH17 attack perpetrators

Russia on Tuesday rejected calls at the United Nations to accept responsibility for the downing of Flight MH17 over Ukraine after an investigation found that a Russian army missile was used in the attack.

Estonian cyber-defence experts share knowledge with Singapore colleagues

The Estonian Ministry of Defence has provided cybersecurity training and a cyber range exercise to military cyber experts in Singapore's Ministry of Defence and Armed Forces.

Estonian renewable energy firm acquired for EUR 289 million

Estonia's state energy giant Eesti Energia entered a deal to purchese 100% of the shares of the Estonian renewable energy firm Nelja Energia.

PUC approves regulations for the use of Inčukalns underground gas storage facility

Public Utilities Commission has approved the regulations submitted by AS Conexus Baltic Grid on the use of Inčukalns underground gas storage facility. These new regulations govern he use of the gas storage facility and will come into force along with new storage service tariffs – 1 June 2018, as confirmed by PUC.

Daugavpils mayor and SLC still argue; mandate-revoking procedure postponed indefinitely

Latvia’s State Language Centre will submit its requests to revoke Daugavpils City Council Chairman Rihards Eigims’ mandate to court once the final decision regarding his use of state language has come to force, as reported by the centre. Eigims is prepared to defend himself in court.

Latvia’s Finance Ministry to become holder of state-owned shares in Conexus

From now on, the 117 shares owned by the Latvian state in Conexus Baltic Grid will be held by Finance Ministry, as decided by the government.

MEP: if Latvia does not fight against plastic waste, the country will drown in it

European Commission’s proposed ban on using single-use plastic products in EU member states is a very important step to begin combating plastic waste problem, says MEP from Latvia Inese Vaidere.

Construction costs in Latvia grew 3.8% in April

Compared to March, the level of construction costs in Latvia grew by 0.8 % in April 2018. Prices of building materials increased by 1.1 %, maintenance and operational costs of machinery and equipment – by 0.6 %, whereas labour remuneration of workers – by 0.5 %.

Average milk procurement price in Latvia has not changed much

Average milk procurement price in Latvia did not change much in May when compared to the previous month, as noted by chairman of Central Union of Latvian Dairy Farmers Jānis Šolks.

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