Latvia

Economic calendar of Latvia. April 16 - 20, 2012

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April 16, 2012

Monday, April 16

-Presentation about the possible use of solar energy in Rezekne.

-Citadele Bank and Mans Mazais magazine host a press-conference on the topic of: «Is there a place on the job market for young mothers?», during which they plan to report about the young mothers’ support policy in Latvia, kindergarten development plan, and about the influence of support on demography.

-Kipsala exhibition center hosts a press-conference, during which information about the Auto 2012 exhibition will be revealed. President of the Latvian Association of International Road Carriers Valdis Trezins, representative of the Latvian Association of official car dealers Zane Rone and the Director of the Car Project Group of the BT 1 Company Agris Reihmanis will all participate in it.

-The contract for the construction of the Eurolcds 3D technology plant will be signed in the Ventspils Free port Administration. The contract will be signed with Pohjola Bank for attracting investments as well as with Skonto Buve Company for the construction of the production plant.

-Jekabpils hosts the «Zemgale Energy Days».

-Riga Restaurant week commences. The goal of this event – is to popularize Riga as a place for gastronomical tourism.

Tuesday, April 17

-Meetings of the Saeima standing commissions:

The Sub-Commission of the National development plan and supervision over its implementation of the Commission on Public Administration and Local Government discuss the issues of supporting small and medium-sized agricultural enterprises.

The Budget Commission reviews amendment to the «Founding of the European Bank of reconstruction and development» agreement during the first hearing.

The revisionary commission reviews the results of the «Monitoring of construction and control after the reorganization of the State Construction Inspection» revision.

Commission of Defense, Internal Affairs and Corruption Prevention reviews amendments to the «Law of Detective Work».

-Economy and Management faculty of the University of Latvia hosts the «Marketing communication problems in Internet environment» seminar.

-Meeting of the Cabinet of Ministers, during which, among other issues, the main priorities of the 2013-2015 budget will be discussed.

-Minister of Finance Andris Vilks meets with HSBC Bank representatives.

-A meeting dedicated to the «Land management» bill will take place in the Ministry of Regional Development.

Wednesday, April 18

-Meetings of the Saeima standing commissions:

The Budget Commission reviews amendments to the «Law of Taxes» and excises and the «Law of State Revenue Service» during the second hearing.

National economy Commission’s Sub Commission discusses changes to the order of paying compensations for farming activities on Specially Protected Areas.

The Revisionary Commission discusses the implementation of the budget in the first quarter of 2012.

-Meeting of the Rural organizations’ cooperation Council.

-Minister of Finance Andris Vilks, experts of the Ministry of Finance, representatives of the Bank of Latvia and Finance and Capital Market Commission participate in the spring meeting of IMF and World Bank managers in Washington.

Thursday, April 19:

-Visit of the European Commissioner for Fisheries and Maritime Affairs Maria Damanaki to Latvia, where she meets with the Minister of Agriculture Laidmota Straujuma, Prime Minister Valdis Dombrovskis and visits the Gamma-A enterprise as part of her visit.

-The Revisionary Commission discusses the revision of the Saeima’s financial report for 2011.

-University of Latvia hosts the Economists Society Conference 2010 «Financial crisis in Latvia. Analysis. Lessons. Recommendations», Prime Minister Valdis Dombrovskis takes part in it.

-The Central Statistical Bureau of Latvia reports about the state budget deficit and state debt in April 2012.

Friday, April 20

-Prime Minister Valdis Dombrovskis meets with Fortum enterprise representatives.

-British Chamber of Commerce in Latvia in cooperation with PriceWaterHouseCoopers Company hosts a seminar on how to fill in zero declarations.

Ref: 017.109.109.1159

airBaltic's aircraft participates in the Paris Air Show

airBaltic's newly purchased Bombardier Q400 NextGen aircraft is set up at the world's largest and oldest aircraft exhibition – Paris Air Show.

Money ,
Latvia

Photo

June 19, 2013

Turkish Airlines declared the best airline in Europe

During the Paris Air Show, Skytrax airline audit presented Turkish Airlines with the following awards: the Best Airline in Europe, Best Airline in South Europe and Best Business Class Catering Service.

Money ,
World

June 19, 2013

Latvia offers a new deposit option for residents – savings bonds

On Wednesday, June 19, Latvian residents were presented with a new deposit option – savings bonds. The point of this deposit initiative is to offer any resident an opportunity to purchase state bonds and invest money in Latvia.

Money ,
Latvia

June 19, 2013

Latvian Prime Minister to unions: pre-crisis wages were not sustainable

The Latvian Prime Minister is convinced that there is no need to restore wages to pre-crisis level, because pre-crisis wages were not sustainable.

Social ,
Latvia

June 19, 2013

Corruption scandal in Czech politics still growing

Although Prime Minister Pert Nečas will step down, police in the Czech Republic has detained members of the state's political elite. The affair seems to have reached also into the family life of the Czech head of government.

Social ,
World

June 19, 2013

Global coffee prices fall, but not in Latvia

The global coffee prices are falling. Latvia, however, is not experiencing anything of the sort. This is mainly due to the excise tax. Experts believe this situation was made possible because the current supply of coffee in the world exceeds the total demand.

Social ,
Latvia

1 comment

June 19, 2013

Number of refugees in the world – largest in the last 20 years

The number of refugees and asylum seekers in the worlds is at its peak since 1994. The crisis in Syria plays a large role in this, as stated in the UNHCR report on global forced displacement.

World

June 19, 2013

Pay increase in Estonia for second year in a row

The average salary in Estonia has increased for the second consecutive year – 2012 has marked a slight rise by 1.7%.

Money ,
Estonia

June 19, 2013

Saeima expresses concerns over the fate of children adopted by foreigners

Last year, 110 children were adopted in Latvia. 144 children were adopted by foreigners. There are currently 99 potential adopters waiting for approval in Latvia.

Social ,
Latvia

June 19, 2013

G8 leaders agree to tackle tax evasion

Heads of G8 large economies have agreed on measures for preventing illegal tax evasion and money laundering.

Money ,
World

June 19, 2013

G8 leaders agree to stop paying terrorists ransom money for hostages

Leaders of the G8 countries have agreed to abolish the practice of paying terrorists ransom money for hostages, as reported by the British Prime Minister David Cameron.

World

June 19, 2013

Company invests 30 000 in a new Melnā coffee brand

Melna kafija (Black coffee) producer has decided to invest LVL 30 000 in the creation of a new brand in order to strengthen its position on the market. The new Melnā coffee brand is called to increase the retail market share in the Baltics and export markets – Russia, Denmark, Finland and Belarus.

Money ,
Latvia

Photo

June 18, 2013

Industry player: revoking Balva's licenses will increase competition

The decision of the Finance and Capital Market Commission (FCMC) to revoke the licenses of Balva Insurance Company will change the market. This will increase competition among other insurance companies, as Ergo Baltic Board member Ingrida Kirse told BNN.

Money ,
Latvia

June 18, 2013

Airlines ready to invest in fuel-efficient aircrafts, Airbus orders suggest

The world's leading plane manufacturers Airbus and Boeing have received many orders at the Le Bourget air show near Paris. Demand for fuel-efficient long-haul planes indicates that airlines are willing to invest in modern airplanes.

Money ,
World

June 18, 2013

Latvian Finance Minister appoints new representative to the Board of Riga Free port

Latvian Finance Minister Andris Vilks has appointed the Deputy State Secretary Baiba Bane as the ministry's representative in the Board of Riga Free port.

Social ,
Latvia

June 18, 2013

Household income grows the slowest in Vidzeme and Latgale

The rapid economic growth of 2011 and 2012 contributed to the rise of income of Latvian households. However, it was not equal in all of the regions. Inequality remains. In addition to that, last year's general income increased the slowest in less developed regions.

Social ,
Latvia

June 18, 2013

CPCB to initiate criminal proceedings against Road administration's officials

The Corruption Prevention and Combating Bureau (CPCB) has submitted a request to the Prosecutor General's Office to initiate criminal proceedings against nine officials for possible criminal activities in relation to contracts of the Road Administration.

Money ,
Latvia

June 18, 2013

Russia and U.S. fail to agree over Syria

U.S. and Russian presidents have met as part of the G8 summit to discuss the resolution of Syrian civil war, but have agreed to disagree.

Social ,
World

June 18, 2013

OlainFarm's product sales achieve 7% growth

Preliminary consolidated sales figures of OlainFarm for May show that sales have reached LVL 3.38 million (EUR 4.8 million), which is 7% more than a year ago. The biggest sales increases were achieved in Kyrgyzstan (growth by 152%), Uzbekistan (growth by 111%) and Georgia (growth by 108%).

Money ,
Latvia

June 18, 2013

One of the first Art Nouveau buildings in Riga is falling apart

Due to the neglect of its owners, one of the oldest Art Nouveau buildings in Riga is falling apart. It was built in 1899. Its architect is Rudolf Heinrich Von Zirwitz. The building situation on Vilandes Street 11 in Riga is a national architectural and cultural landmark.

Social ,
Latvia

June 18, 2013

EU-U.S. historic trade talks begin

The EU and the U.S. have held first negotiations on a significant bilateral trade deal, described as the most lucrative trade agreement in history.

Money ,
World

June 18, 2013

Scandinavians decide to sell agricultural land in Latvia

Bergvik Skog plans to sell a little more than 2 000 ha of agricultural land in Latvia.

Money ,
Latvia

June 18, 2013

Bomb explodes in Kabul hours before Afghanistan security hand-over

The blast, believed to have been performed by a suicide bomber, comes on the day when NATO is expected to formally hand over command of security responsibilities to Afghan forces.

Social ,
World

June 18, 2013

Two potential investors appear to have an interest for airBaltic

According to Latvian Transport Minister Anrijs Matiss, negotiations with two potential investors are currently being held in regard to Latvia's National airBaltic airline.

Money ,
Latvia

June 18, 2013

One year passes since Ecuador embassy offered Julian Assange asylum

The embassy of Ecuador in London will continue to offer asylum for the founder of WikiLeaks Julian Assange, as the country's Foreign Minister Ricardo Patiño. He announced this after his discussion with the British government, where no progress regarding Assange was made.