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Sunday 15.09.2019 | Name days: Sandra, Gunvaldis, Gunvaris, Sondra

Cooperation partners blast government for breach of law in budget development

On Friday, 13 September, multiple cooperation partners of the Latvian government blasted the Cabinet of Ministers for breaching the law in the development of the 2020 state budget.

Hourly labour costs in Latvia up 8.9%

Compared to Q2 2018, hourly labour costs rose by 8.9 % or 79 cents, reaching EUR 9.60 in Q2 2019. Seasonally adjusted data show increase of 7.0 %.

Latvian Justice Ministry insists on improving prison infrastructure

In regards to the topic of the state budget’s fiscal space in 2020 and expenditures for priorities, Latvia’s Justice Ministry insists on maintaining its position in regards to Liepaja Prison’s construction project’s necessity.

Latvian government allocates more than EUR 192 million for priority tasks

On Friday, 13 September, Latvia’s Cabinet of Ministers decided at an extraordinary meeting on division of EUR 192.4 million for priority tasks of ministries and independent institutions.

Lithuanian shops using increase in wages to raise prices, analyst asserts

In Lithuania, inflation has been two times faster in 2019 compared to other markets in the euro area. Economist Žygimantas Mauricas believes retailers have used a surge in wages to increase prices, especially in grocery stores.

Prague to move Soviet army Marshal, despite death threats to Mayor

In the Czech capital of Prague, a local government has decided to take down a monument devoted to a Marshal of the Soviet Union. It is planned to replace it with a memorial of a more general meaning.

Latvian court declares PNB Bank insolvent

Riga City Vidzeme Suburb Court has declared PNB Bank insolvent, as confirmed by Finance and Capital Market Commission. Vigo Krastiņš has been approved as the bank’s insolvency administrator.

Spain’s flash floods claim lives

Several parts of Spain have been hit by heavy rain, floods and a tornado. The natural calamities have claimed not less than two victims.

UN representative criticizes Latvia for unwillingness to sign Istanbul Convention

Latvia still has not ratified European Council Convention on Prevention of Violence Against Women and Domestic Violence, otherwise known as the Istanbul Convention, even though it is a major tool for combating domestic violence, said UN Committee on the Elimination of Discrimination Against Women representative Ana Peláez Narváez.

Round dance over? Latvian government agrees on 2020 budget in spite of difficulties

Judging from the last talks held by parties it can be concluded the coalition has reached an agreement on the state budget, said Attīstībai/Par! co-chairman Daniels Pavļuts.

Three and a half months left for compulsory installation of smoke detectors in Latvia

Latvian residents are expected to install smoke detectors in their homes – private houses and apartments – by 1 January. For private homes, however, there is an additional requirement – owners are expected to have fire extinguishers on hand as well, reminds State Fire and Rescue Service.

Citadele Bank finances Virši-A petrol station network’s expansion

With financing from Citadele Bank, petrol station network Virši-A plans to expand by opening four more petrol stations. Two of them will provide condensed natural gas.

Catalan independence march in Spain attended by 600 000 people

In Barcelona, around 600 000 people have taken part in an annual march to demand the independence of Catalonia, the autonomous region of Spain.

Lithuania warns about end in rapid wage growth

«The summer will not last forever,» said Lithuanian Finance Minister Vilius Šapoka about a summary of official economic forecasts, which warn that after a fairly rapid growth, national economy and wages would grow at a somewhat slower pace.