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Tuesday 23.10.2018 | Name days: Daina, Dainida, Dainis

Deposit volume in Latvian banks down to EUR 17.6 billion

The total volume of deposits in Latvian banks has declined this May by 1.1% or EUR 195.157 million – to EUR 17.6 billion, according to data compiled by Finance and Capital Market Commission.

Luminor: housing loan market grows with every passing day

«Looking at results of the first quarter in housing loan market, we can safely say that this sector is starting to heat up,» says Luminor private clients service manager Normunds Rudzītis.

Augstsprieguma tīkls to pay the state EUR 3.6 million in dividends next year

Augstsprieguma tīkls will have to pay the state EUR 3.6 million in the form of dividends in 2019, as decided by the Cabinet of Ministers behind closed doors.

ABLV Bank owners invest in a project of Latvian Museum of Contemporary Art in spite of bank’s collapse

Ināra and Boriss Teterevs, Ernests Bernis and Oļegs Fiļs have decided to continue the initiative regarding formation of a museum and investing in its fund more than EUR 1 million to finish development of a project launched by Latvian Museum of Contemporary Art.

Court puts ex-LDz manager’s bribery case viewing on hold until autumn

The viewing of the bribery case involving the now ex-manager of LDz Uģis Magonis in Vidzeme District Court has been put on hold until 11 September, as confirmed by Estonian businessman Oleg Osinovskis’ lawyer Jeļena Kvjatkovska.

June’s beginning to be dry and hot from time to time in Latvia

Drought will remain in Latvia at the beginning of June. Probability of rain will be low. There may be intense heat on some days and a rapid drop in air temperature at night, as reported by Latvia’s State Environment, Geology and Meteorology Centre.

Heat waves to become the most serious climate change challenges for Latvia

The biggest challenges Northern Europe, Latvia included, can expect from climate change in the next five to ten years are heat waves and other extreme weather events, such as floods, according to experts from Intergovernmental Panel on Climate Change.

Saeima conceptually supports changing country’s material reserve administration system

On Thursday, 31 May, Saeima deputies supported in the first reading a legislative draft for a new State Material Reserve Law. This new draft suggests changing the country’s material reserve administration system, as confirmed by Saeima’s press-service.

Minister: children’s safety should be a priority at all times, not just for one holiday

Any child capable of formulating their opinion should be provided with freedom to voice them in all matters that affect them. In addition, children’s opinion should be provided with enough attention in accordance with their age and maturity, says Latvia’s Welfare Ministry.

Latvijas balzams decides to keep last year’s profits of EUR 8.6 million undivided

AS Latvijas balzams has decided to keep last year’s profits of EUR 8.6 million undivided, according to the decision project submitted to the exchange. This matter will be discussed in more detail during the upcoming 14 June meeting of Latvijas balzams shareholders meeting.

45% of Latvians believe workaholics inevitably «burn out»

Most interviewed Latvian residents have a negative outlook on workaholism, and 45% consider it the main cause for an early «burn-out» at work, according to a survey from CV-Market.

Retail trade turnover in Latvia up 3.1% in April

Compared to April 2017, total retail trade turnover rose by 3.1 % in April 2018. Turnover of retail trade in food products increased by 2.1 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 3.7%, whereas turnover of retail sale of automotive fuel – by 3.5 %.

PUC approves regulations for the use of Inčukalns underground gas storage facility

Public Utilities Commission has approved the regulations submitted by AS Conexus Baltic Grid on the use of Inčukalns underground gas storage facility. These new regulations govern he use of the gas storage facility and will come into force along with new storage service tariffs – 1 June 2018, as confirmed by PUC.

Daugavpils mayor and SLC still argue; mandate-revoking procedure postponed indefinitely

Latvia’s State Language Centre will submit its requests to revoke Daugavpils City Council Chairman Rihards Eigims’ mandate to court once the final decision regarding his use of state language has come to force, as reported by the centre. Eigims is prepared to defend himself in court.

Latvia’s Finance Ministry to become holder of state-owned shares in Conexus

From now on, the 117 shares owned by the Latvian state in Conexus Baltic Grid will be held by Finance Ministry, as decided by the government.

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