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Friday 19.10.2018 | Name days: Drosma, Drosmis, Elīna

Estonia sees increase in industrial production volume in Estonia

The industrial production volume of Estonian companies has grown by three percent between May 2017 and May 2018, official statistics show.

Russia raises pension age, while protests banned in largest cities during World Cup

The Russian government has announced a sweeping pension reform, while social life of Russia is dominated by the football World Cup tournament. A variety of opposition forces have held protests in numerous towns and cities.

German government shaken by Interior Minister's offer to resign

Germany's federal Interior Minister Horst Seehofer offered his resignation to party colleagues, continuing a migration dispute with German Chancellor Angela Merkel that endangers her fragile government coalition.

Heatwaves drive Lithuanians to lakes, rivers and Baltic Sea

When dozens of Lithuanian municipalities are under a state of emergency due to the lasting drought, there is one municipality on the Baltic coast than cannot be any happier about the rainless months, Palanga.

Riga City Council plans to sign 20-year contract with a single waste management company

Riga municipality plans to announce a tender, as part of which it is planned to sign a 20-year conract with a single waste management company in Riga, as confirmed by Riga City Council Housing and Environment Department’s Environment Office chief Evija Piņķe.

Retail trade turnover in Latvia up 7% in May

Compared to May 2017, total retail trade turnover rose by 7 % in May 2018. Turnover of retail trade in food products increased by 6.5 %, whereas turnover of retail trade in non-food products and retail sale of automotive fuel rose by 7.3 %.

Study: nearly half of residents create savings in cash form

Nearly half of Latvia’s residents (42.3%) create savings in the form of cash. 17.4% of residents use bank accounts for savings, according to a study performed by Ferratum Bank about saving habits of Latvian residents.

Weather in Latvia to be rainy and cool next week

At the end of this week, colder masses of air will flow into Latvia by a cyclone. This means weather will be cool and windy. Rain is also expected on Sunday and beginning of next week. Weather will gradually improve in the second half of the week, however, as reported by State Environment, Geology and Meteorology Centre.

Authorities commence criminal prosecution against Bank of Latvia governor

Latvian prosecutor’s office has commenced criminal prosecution of bribery accused Bank of Latvia governor Ilmārs Rimšēvičs and businessman Māris Martinsons.

Forest regeneration costs in Latvia kept declining last year

In 2017, the average forest regeneration costs in Latvia comprised 438–567 EUR/ha, depending on the forest land quality group.

Merkel: Migration solutions of vital importance to EU

German Chancellor Angela Merkel has evaluated before an European Union summit on migration that the future of the EU depends on it being able to bring solutions to the flow of mass migration.

Competition Council permits merging of two LPG traders

On 21 June, Latvia’s Competition Council made a decision to permit a merge, as part of which SIA Latvijas propāna gaze gained decisive influence over SIA Eko gaze. Permission was given because the merge is not expected to impact competition, says CC.

Economy Ministry: it is necessary to reduce the volume of low-skilled workforce

Employment opportunities are set to expand in the next decade. However, demographic tendencies and regional labour market differences will create an even stronger need for labour force, according to Latvian Economy Ministry’s medium and long-term labour market outlooks.

Facebook ends project to build solar panel drone-internet provider

World's leading online social network company Facebook has decided to drop its plan to produce drones that would provide internet in remote areas of the world.

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