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Sunday 21.12.2014 | Name days: Saulcerīte, Tomass, Toms

Poland completes world's tallest Jesus statue building

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The statue of Jesus Christ, which is 52 meter high, has been built in Poland. Its height exceeds the statute of Christ in Bolivia by 18 meters, reports thenews.pl.

«We have fulfilled a work of life time,» said creator, Father Sylwester Zawadzki.

The completion of the statue was postponed by a month, because it was problematic for the giant crane to put Jesus’ head onto the statue. Moreover the head fell down and injured a worker.

The statue will be unveiled officially on November 21 and it is located in Świebodzin, western Poland.

The Mayor of the city Dariusz Bekisz believes the statue will attract huge amounts of tourists, «More and more people will come and leave their money here.»


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Economic Diary of Latvia. Repay your debts with your private property

This week, the Latvian Saeima finally approved amendments to the Taxes and Duties Law. In accordance with these amendments, management boards of commercial enterprises will have to cover their companies’ unpaid tax debts with their private property.

Candle left in Advent wreath causes fire in Riga

A candle left lit in an Advent wreath has caused a fire in an office in the centre of Riga. Damage caused by the fire is said to reach EUR 20,000.

Europe officially publishes list of sanctions introduced against Crimea

This Friday, December 19th, the European Union officially published the list of new sanctions against Russia. These sanctions apply to Moscow’s annexed Crimean Peninsula.

Producer prices in industry down by 0.1% in Latvia

Compared to October producer prices in industry in November 2014 dropped by 0.1%. Prices of products sold on the domestic market fell by 0.5%.

Lithuania warned of eurozone quicksand, from which Greece sees no way out

Greece's grave and lengthy financial troubles show how limiting the abandoning of national monetary policy can be, warns financial and business news site Bloomberg, adding that the Lithuanian government has not managed to convince its nation that the adoption of the euro is the right decision.

BATL: Matiss should think not only about Riga, but Liepaja and Ventspils ports as well

It is unacceptable to have a situation in which transit and logistics policies are created specifically to cater to interests of specific entrepreneurs, ignoring government goals and interests of Latvia’s national economy, writes Latvian Transit Business Association in its open letter to Latvian Transport Minister Anrijs Matiss.

Riga recognized as one of the best places to purchase Christmas gifts

For the second consecutive year, Riga’s Christmas fairs have been recognized as the second economic for residents. Riga is outshined only by Prague in terms of Christmas fairs and offers they provide.

Authorities asked to launch criminal prosecution of Mezaparks locomotive bus driver

Evidence has been acquired in the so-called Mezaparks locomotive case that proves the guilt of the 1944-born driver of the locomotive in the accident that took the life of a 2007-born boy. Police ask the prosecutor’s office to launch criminal prosecution of this person.

EU prohibits any kind of economic cooperation with Crimea

This Thursday, December 18th, leaders of the European Union agreed to prohibit any kind of economic cooperation with the Crimean peninsula.

Putin: Social spending could be reduced if Russia's economic crisis persists

Russian President Vladimir Putin on Thursday, December 18, sought to play down the effects of this week's «free fall» of the Russian rouble, but admitted social spending and funding for economic growth could be reduced, should the country's current crisis persist.

Supreme Court of Latvia declares decision to penalize 22 banks for price fixing as justified

In accordance with the verdict ruled by Latvia’s Supreme Court of Justice, the decision made by the Competition Council in 2011 in regard to the application of a fine on 22 Latvian commercial banks is valid and is not subject to appeal.

Approval of Riga Freeport’s budget accompanied by reduction of worker motivation expenses

The budget of Riga Freeport for 2015 was approved by the management board unanimously on December 18th, as confirmed by its Chairman Andris Ameriks. He said the budget plan is rather cautious.

Russians on edge amid ruble meltdown, Palanga vexed over Russians’ loss

A pre-Christmas Palanga, the Lithuanian resort on the Baltic coast, dazzling with the festively embellished alley of Christmas trees, is usually bustling with hordes of Russian tourists a week before the major holidays. But this December, the promenade has been spookily quiet, with few Russian couples sauntering along it. A free-fall of the ruble and the drought of hard currency has held up the panicky Russians at home. Not only Palanga, but entire Lithuania feels the drought of Russians ahead of a joyful holiday season.

With rouble in trouble, Estonians shop in Russia en mass

Residents of the Estonian border city of Narva are taking advantage of the devaluation of the Russian rouble that has suddenly made goods in Russian shops over 20 percent cheaper against the euro.

Ushakov: next year will be tough for Riga

Because of the crisis with Russian currency, the situation with Russian tourists in Riga has become worse, says Mayor of Riga Nil Ushakov, adding that the next year will be tough for Riga.

Saeima gathers for the last meeting of the autumn session

This Thursday, December 18th, the Latvian Saeima will gather for the last meeting of the autumn session. The meeting’s agenda includes amendments to the state order of electing the State President, offering to allow citizens to elect the President.

Hopes for investment inflow following euro adoption have not come true

January 1st, 2014 will mark one year since the replacement of lats with euro in Latvia. Looking back at this important event, one can conclude that hopes of euro causing a rapid increase of inflow of investments in Latvia and membership in Eurozone would make Latvia more attractive have not come to pass.

Latvian Saeima adopts state budget for 2015

This Wednesday, December 17th, the Saeima approved the next year’s budget in the last reading. The revenue of next year’s state consolidated budget is planned at EUR 7.3 billion and expenses – at EUR 7.5 billion.

EU state leaders gather for summit on sanctions against Russia and bloc's investment plan

Eiropas Savienības un tās dalībvalstu līderi pulcējas Briselē, lai 18. un 19.decembrī piedalītos galotņu sanāksmē, kuras darba kārtībā galvenie jautājumi būs jaunas sankcijas pret Krieviju un investīciju plāns bloka ekonomiskās izaugsmes atjaunošanai.

Poroshenko: Ukraine seeks applying for EU membership in next five years

President Petro Poroshenko of Ukraine sated in Warsaw on Wednesday, December 17, that Ukraine should seek applying for membership in the European Union until 2020.

December 17 in pictures

BNN offers you to take a look at topical, interesting and simply beautiful pictures of the day.

Number of agricultural holdings in decline in Latvia; areas of managed agricultural land on a rise

The number of medium-sized and large agricultural holdings had increased by 18.8% in 2013, altogether managing 63.6% of the total utilised agricultural area. Which was 17.7% more than in 2010.

Average Latvian residents drinks 10.2 litres of clear alcohol annually

An average Latvian resident above the age of 15 drinks 10.2 litres of clear alcohol a year. This volume is equal to 25.5 litres of vodka, 204 litres of beer and 85 litres of wine.

Thousands of protesters in Hungary demand government to step down

Several thousand Hungarians on Tuesday, December 16, took part in a protest in Budapest demanding the government to resign over tax hikes, alleged corruption and for directing the country towards Russia's sphere of interest.

Authorities say other catering companies have performed cash register data manipulations

Lately, Latvian law enforcement authorities have uncovered several cases of tax avoidance similar to the one employed by Gan Bei restaurant owners, when certain manipulations were carried out with cash register data.

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