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Sunday 19.05.2019 | Name days: Sibilla, Teika, Lita

Latvian prime minister promises more independence for FCMC

Following the coming into force of a new law on 1 October, Latvia’s Finance Capital and Market Commission will become more independent. This was explained as much by Latvia’s Prime Minister Krišjānis Kariņš in an interview to LTV programme Rīta Panorāma on Wednesday, 3 April.

Latvian Saeima deputy suggests renaming Victory Monument as Occupation Memorial

Latvian Saeima deputy Artuss Kaimiņš from KPV LV political party proposes renaming the Victory Monument as the Latvian People’s Occupation Remembrance Memorial, BNN was told by the political party.

Latvian government approves crowdfunding legislation

On 2 April, 2019, Latvia’s Cabinet of Ministers decided to submit to the Saeima a legislative draft on crowdfunding.

Shortage of teachers means training should be made more flexible in Latvia

«Education for children should be changed from the ground up so that teachers are able to play a new role – work as supporters and advisors to assist in the education process,» says University of Latvia Docent and lead researcher Ieva Margeviča-Grinberga.

Happiness index: Latvian residents have never been happier than now

The happiness index for Latvian residents has reached its record high value this year, according to results of a survey by SKDS agency.

Officials of Latvian State Fire and Rescue Service detained by police

Four officials of Latvian State Fire and Rescue Service’s Riga Region Department have been detained under suspicion of fraud, as confirmed in an announcement by Internal Security Bureau.

Latvian airBaltic profit grows 40% in 2018

According to the financial results for 2018, for the first time in the company’s history airBaltic has achieved EUR 400 million profit, while the net income has grown by more than 40% compared to 2017, reaching EUR 5.4 million, says the airline’s representative Alisa Briede.

Agricultural price index in Latvia up 14%; livestock price index down 4.1%

In 2018, price index of agricultural output increased by 6 %, which was mainly due to the 14 % rise in crop product prices. Price index of livestock products fell by 4.1 %.

New Unity: if Economy Ministry prepares a quick MPC abolishment offer, party will support it

Latvia’s New Unity association of political parties would support a well-argumented offer from Economy Ministry on the abolishment of mandatory procurement component system, says chairman of New Unity’s Saeima faction Ainars Latkovskis.

Latvian airBaltic airline to commence direct flights from Riga to Stuttgart and Lviv

On March 31, 2019, Latvian airline airBaltic launched the second summer route connecting Riga and Stuttgart, Germany. In addition, this evening airBaltic will start flights between Riga and Lviv, Ukraine.

Latvian Olainfarm shareholders meeting called off due to internal dispute

The extraordinary meeting of shareholders of Latvian pharmaceutical company Olainfarm was called off because the request for said meeting was signed by people who are not AS Olainfarm shareholders and not listed in the company’s shareholder registry, as reported by Latvia’s Finance and Capital Market Commission.

Latvian police investigate possible negligence by officials at Riga Freeport

In a criminal case launched several years ago State Police investigates possible negligence committed by officials at Riga Freeport.

Air temperature to reach +13° C in Latvia this week

This week’s weather in Latvia will be largely dictated by an anticyclone – it is expected to be dry and sunny for the most part. However, cloudiness will increase at the end of the week. Wind speed will be low at first, but it is expected to become strong on Wednesday and Thursday.

Riga City Council elects a second vice-mayor

On Friday, 29 March, Riga City Council deputies elected Harmony member Vadims Baraņņiks and the second vice-mayor. 47 members of the city council took part in the vote: 32 of them voted in favour of Baraņņiks, 15 voted against and one voting ballot was useless.

Retail trade turnover in Latvia up 5.9% in February

Compared to February 2018, total retail trade turnover rose by 5.9 % in February 2019. Turnover of retail trade in food products grew by 3.4 %.

President: joining NATO is Latvia's biggest accomplishment in past 15 years

«Latvia’s joining of NATO fifteen years ago was the most important event for our country since the restoration of independence. Today we are stronger than we’ve ever been. Together with our National Armed Forces our allies – NATO member states – stand guarding our country’s security,» says Latvia’s President Raimonds Vējonis.

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