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Monday 23.07.2018 | Name days: Magda, Magone, Mērija
LatviaLatvia

Competition Council warned 34 persons for possible cartel agreements this year

In the first half-year of 2018 the Competition Council warned 34 persons about possible cartel agreements in six possible violation episodes. Affected companies work in three sectors – burial, security and driving school services.

European Commission predicts 9% lower wheat harvest for Latvia this year

According to estimates from the European Commission, Latvia’s wheat harvest is likely to be 9% below that of last year, according to information from Agriculture Ministry’s Market and Direct Support Department.

ECB revokes Latvian ABLV Bank’s credit institution license

European Central Bank has decided to revoke Latvian ABLV Bank’s license, as confirmed by Finance and Capital Market Commission.

NATO agrees to station multinational division North headquarters in Latvia

In accordance with an agreement reached by Denmark, Latvia and Estonia, it has been decided to station the headquarters of NATO’s multinational division North at Ādaži base, as confirmed by Latvia’s Foreign Affairs Minister Edgars Rinkēvičs.

Competition Council permits merging of two energy wholesale traders and producers

On 4 July, Latvia’s Competition Council decided to permit the merging deal as a result of which Enefit Green AS will gain decisive influence over Nelka Energia AS by purchasing 100% of the company’s shares. Permission was given because the merge is not expected to have a major impact on competition on the market, the council explains.

Police requested prosecution for 50 insolvency administrators in past several years

Since 2016, Latvia’s State Police have received several hundred reports regarding possible illegalities during insolvency processes. Over the course of the last two years, police have asked the prosecutor’s office to commence criminal prosecution of 50 insolvency administrators.

External trade turnover in Latvia grew 9.6% in May

In May 2018 foreign trade turnover of Latvia amounted to EUR 2.32 billion, at current prices constituting 9.6 % more than in May 2017, of which exports value of goods rose by 8.5 % and imports value of goods by 10.4 %.

Prosecutor’s office ends case on OCMA official’s involvement in fictive marriage organization

The Prosecutor General’s Office has ended the case launched against and official of the Office of Citizenship and Migration Affairs, who was allegedly involved in organization of fictive marriages, as reported by LNT News on Tuesday, 10 July.

Unemployment level in Latvia remained 6.4% in June

At the end of June, the level of registered unemployment in Latvia was 6.4% of the economically active population, which is the same as it was a month prior, as reported by State Employment Agency.

Fifth African swine fever outbreak recorded for domestic pigs in Brocēni

A case of African swine fever has been recorded in a farm in Blīdene Parish of Brocēni County. The disease was found in an enclosure with five pigs, as confirmed by Food and Veterinary Service.

This year’s harvest time in Latvia planned two weeks earlier than usual

Winter barley has already reached the necessary stage of development. Once the period of precipitation has ended, harvest will begin. This year’s harvest is planned two weeks earlier than usual, according to specialists of Baltic Agro company.

Consumer prices increase by 2.8% in Latvia; fuel prices up by 17.5%

Compared to June 2017, the average level of consumer prices rose by 2.8 % in June 2018. Prices of goods increased by 2.5 % and prices of services grew by 3.3 %. Compared to 2015, consumer prices had increased by 6.5 % in June 2018. Prices of goods grew by 5.3 %, while prices of services rose by 9.5 %.

Economy Ministry warns 62 MPC recipients about their tax debts

Tax debt warnings have been presented to 62 businessmen provided with permits to sell electricity within mandatory procurement component system, as BNN was informed by Economy Ministry.

PHOTO: conclusion of XXVI Latvia’s Song and XVI Dance Celebration

The XXVI Latvian Song and XVI Dance Celebration was attended by approximately half a million people. A new record was set for the number of people attending the closing concert and Sing Along Night event afterwards. Organizers and representatives of security services say the celebration was successful – the event was emotionally saturated and at the same time peaceful.

More than one-third of Latvians plan to travel to Vilnius by bus this summer

51% of Latvian residents have plans to travel to Vilnius this summer, according to results of a survey by Norstat Latvia and Lux Express.

UGF received nearly two-thirds of all donations paid to parties in June

In June 2018, the Union of Greens and Farmers received the most generous donations among Latvia’s political parties. EUR 98,599 or 62.7% of donations paid to political parties in that month were received by UGF, according to information from the Corruption Prevention and Combating Bureau.