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Friday 09.12.2016 | Name days: Sarmīte, Tabita

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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Ratas tells Vejonis about plans of new Estonian government

«The new Estonian government will continue the previous government’s priorities in foreign and security policy, strengthening cooperation between the European Union and NATO,» – said the new Estonian Prime Minister Jüri Ratas during his meeting with Latvian President Raimonds Vejonis.

Estonian members of parliament recalled from state firm supervisory boards

Estonian Minister of Economic Affairs and Infrastructure Kadri Simson and Minister of Entrepreneurship and IT Urve Palo stated on December 9 that they recall all members of parliament, who also work in state company supervisory boards.

Avian influenza comes close to Baltics; FVS urges residents to be careful

H5N8 virus – a highly pathogenic form of avian influenza – continues spreading in Europe. Although so far it has been found in wild waterfowl in Sweden and Finland, there is currently no reason for concern in Latvia, says Food and Veterinary Service.

Estonian PM’s party defends co-operation protocol with United Russia

Estonia’s ruling Centre Party «does not dare» stepping out of its co-operation protocol with United Russia, the party represented by Russia’s current political elite, stated deputy chairperson of the centrists and Estonian Education and Research Minister Mailis Reps on December 8.

Baltic parliamentarians receive U.S. support for regional security

«The main message received from U.S. senators is that Latvia, Lithuania and Estonia have no reasons to worry about non-compliance with NATO obligations from their allies,» – notes Saeima Foreign Affairs Committee’s chairman Ojars Eriks Kalnins.

Norwegian guilty of sex abuse of 62 minors via Skype

Norwegian court convicted on December 8 a 66-year-old man with a prison sentence of eight years over child sex abuse in Skype internet communication programme.

Snow to return in Latvia at the end of the week

Maximum air temperature will remain within +4° C… +7° C in Latvia on Friday, 9 December. Rain is expected in many parts of Latvia. Nevertheless, much colder masses of air will flow into Latvia on the night to Saturday.

European Central Bank to continue quantitative easing for longer than planned

The European Central Bank has on December 8 stated that it would continue its quantitative easing programme no less than until December 2017 and would buy bonds for a smaller sum - 20 billion euros a month.

Lithuania lags big behind Estonia in OECD global education rating

Several Lithuanian universities and colleges offer identical or similar study programmes, but the graduates end up being on different rungs of the ladder after the graduation, career opportunities-wise and in terms of the wage.

Nordea: Baltics should not expect a «walk in the park»

The austerity policy realized in Baltics during the crisis has resulted in some of the lowest budget deficit and debt levels in the European Union. However, Baltics are part of the six EU member states, which includes Luxembourg, Denmark and Slovakia, that are able to fulfil all Maastricht criteria.

Average consumer price level in Latvia up 1.2%

Compared to November 2015, the average level of consumer prices increased by 1.3 % in November 2016. Prices of goods grew by 0.6 % and prices of services by 2.9 %.

Swedbank: transit industry’s losses will remain in the future

All economies of the Baltic Sea region – including Russia, where recession ended this year – are growing. This growth, however, is modest. Brexit and outcome of elections in USA show that populism is gradually becoming a normal occurrence in the world, according to Swedbank’s latest Baltic Sea report.

Finnish post denies having «lost» 10,000 newspapers

An unusual event has become one of Finland’s top media stories on December 7 – national postal service Posti is blamed for «losing» the latest release of social-democratic weekly Demokraatti in its entirety.

Latvijas Gāze to receive 35 million euro loan from OP Corporate Bank

This week, 6 December, OP Corporate Bank plc commenced cooperation with Latvijas Gāze in relation to the provision of a loan worth EUR 35 million. The bank acquired rights to provide the loan by winning in Latvijas Gāze tender for re-financing of capital investments.

Newly-elect Austrian President – Estonian «refugee child»

The mother of Alexander Van der Bellen, who received most votes in the Austrian presidential election on December 4, was Estonian and his parents fled the Baltic country in 1940.

More expensive alcohol and fuel causes price rise in Estonia

Over the past year, a small consumer price increase has been registered in Estonia – from November 2015 to November 2016 the country’s consumer price index has risen by a percent. Statisticians evaluate that the key factors behind it have been more expensive fuel, alcohol and tobacco.

Politicians urge finance minister to step down because of deputy quotas

Because of unwillingness to act, the state plans to cancel the introduction of mandatory social fees and increase micro-enterprise tax from 9% to 15%, states political party For Latvia’s Development. In addition, because of the irresponsible behaviour and lack of proper organization of important tasks, the party expresses distrust to Finance Minister Dana Reizniece-Ozola, asking her to step down.

Lembergs to continue testifying in his criminal case

On Thursday, 8 December, Riga Regional Court will continue viewing the criminal case launched against Aivars Lembergs.

Apple explains iPhone «fires» pointing to external factors

Reacting to reports that a number of iPhone users has have experienced battery «fires», U.S. tech giant Apple has this week blamed external factors, not the parts of the device for the accidents.

Prohibition to serve abroad and other decisions viewed by the Saeima this week

On Thursday, 8 December, the Saeima will decide on amendments to the National Security Law aimed at prohibiting Latvian citizens and non-citizens from serving in foreign army, police and security institutions. Changes are necessary to reduce the possible security risks related to military service in third countries.

Stake of Russian oil giant to be sold for billions

Russian government stated on December 7 that British commodities trader Glencore and Qatar's sovereign wealth fund are jointly acquiring a 19.5% stake in Rosneft, Russia's largest oil firm.

This year marked a surge in corporate lending in Latvia

In the first three quarters of 2016, Latvian enterprises were provided with bank loans for a total amount of 1.4 billion euros, which is 40% more when compared with the first nine months of 2015, according to estimates from the Latvian Association of Commercial Banks and Finance and Capital Market Commission.

EU auditors don’t know, where billions allocated to Ukraine were spent

The European Union over the recent years transferred billions of euros to Ukraine, for the most part as direct budget support and yet EU’s European Court of Auditors stated on December 6 it was unable to say how the money was spent.

84.4% of last year’s cargo volume was transported by rail in Latvia

Continuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzceļš had increased in November. The volume of cargoes transported by rail reached 4.46 million tons or 7.6% more in comparison with November 2015.

Ten most outrageous predictions that can potentially shock the finance environment

Can the Chinese economy exceed expectations? Will Britain remain in the EU? Will the Mexican peso grow and will Italian banks become growth leaders?

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