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Wednesday 19.06.2019 | Name days: Nils, Viktors

Consumer price growth in Latvia was 2.9% in February

Compared to February 2018, the average level of consumer prices rose by 2.9 % in February 2019. Prices of both goods and services grew by 2.9 %.

LMT to take part in EU cyber-security strategy development project

Latvijas Mobilais Telefons has become a partner in SPARTA – European Union’s cyber-security enhancement project that includes 44 partners from 14 countries, as confirmed by LMT representative Elīna Lidere.

Association: number of non-contact payment cards has increased 91% last year

Over the course of the years, the number of non-contact payment cards in Latvia has increased 91% in 2018 when compared to Q4 2017, according to data from the Finance Industry Association.

Ķekava County Council approves municipal budget worth EUR 38 million

On 7 March Ķekava County Council approved municipal budget for 2019 worth EUR 38 million, as BNN was told by the county council.

Latvian Saeima to take more time discussing state president candidates

On Thursday, 7 March, Latvia’s Saeima approved amendments to the State President Election Law in the final reading. These amendments provide for extending the period between proposal of presidential candidates and Saeima’s vote for them, as BNN was told by the parliament’s press-service.

Housing costs in Latvia constituted EUR 150 a month in 2018

In 2018, housing costs on average constituted EUR 150 per household monthly. Over the year, housing costs grew by 8.8 %. Last year, households spent on average 13.4 % of their disposable income on housing costs.

Taxify changes brand name to Bolt

Travel platform Taxify has changed its name to Bolt. Additionally, the platform also has a new logo. Changes help move the logo closer towards the company’s vision for the transport sector in general, says the company’s representative Kristīne Šeiko.

Reminder: further code card restrictions come to force today

Following stricter EU requirements in regards to digital authentication of clients, Swedbank will cease using code cards completely starting with 9 September 2019. With that, Swedbank will gradually phase out code cards completely.

Turnover of AS Conexus Baltic Grid increased 9.8% last year

Unified natural gas transmission and storage system operator AS Conexus Baltic Grid turnover in 2018 reached EUR 542 million, which is 9.8% more when compared to 2017. The company’s profits were EUR 13.3 million, according to the company’s annual account.

FCMC council coordinates ABLV Bank’s creditor inspection methodology

On 6 March, Finance and Capital Market Commission made the decision to coordinate the methodology for inspections in liquidated ABLV Bank submitted by creditors, as confirmed by FCMC Communication Office head Ieva Upleja.

EU migration commissioner: Bloc's migration crisis is behind us

The immigration crisis to the European Union has ended, believes the migration commissioner, who also stated that the issue in combination with misinformation could still prevail in this spring's European Parliamentary election.

Municipalities and government in Latvia reach an agreement on tax revenue and loans

Latvian Cabinet of Ministers and Latvian Association of Local Governments have signed an agreement in which the two sides agree on tax revenue and loans.

Survey: 45% of Latvian residents hope for a pension worth EUR 1,000

Nearly half of Latvia’s residents or 45% expect their future pension to be at least 75% to 100% equal to their current wage. One-third of them hope their pension exceeds their current income. In absolute digits, the average amount mentioned by residents is EUR 1,000, according to results of a survey performed by Swedbank.