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Tuesday 23.07.2019 | Name days: Magda, Magone, Mērija

Current business trends in 2019 show fewer foreign investments and insolvency cases

In the first six months of 2019, there was a reduction of the number of insolvency cases in Latvia. There were also more business liquidations and fewer foreign investments, according to data compiled by Lursoft.

Latvian minister to check State Revenue Service head’s public statements

An inspection has been initiated by Finance Minister Jānis Reirs in regards to the public statements made by State Revenue Service director general Ieva Jaunzeme to the media and during a meeting of Saeima’s Budget Committee, as reported by public broadcaster TV3.

UK to address tanker crisis in Persian Gulf with more military

The British government will seek to develop and deploy a Europe-led maritime protection mission to protect shipping in the strategic Strait of Hormuz after Iran seized a British ship with a Latvian crew member.

Latvia’s army to test UAVs from a local manufacturer

Latvia’s National Armed Forces have been supplied with UAV systems from Latvian manufacturer UAV Factory and Atlas Aerospace for testing purposes, as confirmed by Defence Ministry.

Number of airline passengers serviced in Latvia up nearly 10%

A total of 3.5 million passengers were serviced at Latvia’s international airports in the first half-year of 2019, which is 9.6% more when compared to the same period of 2018, when 3.2 million passengers were serviced, according to data compiled by the Civil Aviation Agency.

Volume of alcoholic drinks produced in Latvia up 2% in five months

In the first five months of 2019, a total of 21 708 million litres of alcoholic drinks was produced in Latvia, which is 2% more when compared to the same period of 2018, according to data from the State Revenue Service’s compiled information on excise tax.

Latvia to test individual budget model to support people with mental disorders

Welfare Ministry and ten municipalities will use EU Social Fund’s co-financing to test a new approach for social service provision to adults suffering from mental disorders. In other countries this approach is known as «individual budget model».

Latvian lawyer and ex-judge Uldis Bērziņš killed in Mārupe

Lawyer and ex-judge Uldis Bērziņš was killed in Mārupe, Latvia, according to information from LETA.

Audit uncovers a lack of transparency in use of Latvian Agriculture Ministry’s money

Unclear accounting and use of finances, council members with ties to associations assess money allocation for associations, trips to Spain and Italy for no reason, as well as hundreds of projects with no tangible results – State Audit assess use of finances in Agriculture Ministry’s funds.

Latvian minister may consider raising tax on diesel fuel to finance road maintenance

In order to find money to finance road maintenance in Latvia, the option of increasing excise tax for diesel fuel is not entirely excluded, said Latvia’s Transport Minister Tālis Linkaits in an interview to public broadcaster LTV programme Rīta Panorāma on Friday, 22 July.

Latvian citizen among sailors of British tanker detained by Iran

Among the crew of the British tanker detained by Iran is one Latvian citizen, according to the report from Latvia’s Foreign Affairs Ministry.

Heavy rain expected in Latvia at week’s beginning; air temperature to reach +29° C

The beginning of the week in Latvia will be rainy, as low atmospheric pressure and rain clouds move through Latvia. Nevertheless, at the end of the week air temperature will reach +29 C, as reported by State Environment, Geology and Meteorology.

Latvia among Baltic States with first quarter’s highest budget deficit

In Q1 2019, the general government budget deficit ratio to GDP in Latvia was higher than the average across the EU, according to data published by Eurostat.

Latvia’s industrial producer price level up 0.4% in June

Compared to May, the level of producer prices in Latvian industry rose by 0.4 % in June 2019. Prices of products sold on the domestic market grew by 1.5 %, but prices of exported products reduced by 0.7 %.

Estonian TransferWise hires Netflix’s ex-chief financial officer

Estonian-led financial transactions start-up TransferWise has announced expansion of its board of directors with the former chief financial officer of the American online television service Netflix, David Wells.