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Wednesday 15.08.2018 | Name days: Dzelde, Zenta, Zelda

Latvijas gāze to meet in October to decide on payment of dividends

During a shareholders meeting scheduled for 3 October, shareholders of AS Latvijas gaze will decide on changes to the composition of the company’s council and the payment of dividends, according to the company’s announcement to Nasdaq Riga.

Finance Commission: Latvia’s business sector has gotten rid of unwanted shell companies

As of 7 July 2018, the ratio of deposits from risky shell companies in Latvia’s banking sector was 0.03%. Most of this amount consists of the remaining balance of funds exiting the country, as reported by Finance and Capital Market Commission.

Latvian government starts talks on applying reduced VAT on public catering

Finance Ministry has reached a conceptual agreement on applying on restaurants a reduced 12% value added tax rate instead of the current 21% under the condition that catering companies are to cease paying employees envelope wages, LNT reported on Wednesday, 1 August.

Latvia’s State Audit urges residents to evaluate transport infrastructure quality in Riga

State Audit urges Latvia’s residents to participate in a survey and provide their opinions on the quality of Riga’s transport infrastructure. This is important for Riga residents and guests of the city – pedestrians, cyclists, drivers, and people using public transport services, as mentioned in the announcement.

National Health Service deputy director Linda Freimane leaves her post

Inga Milaševiča, director of Latvia’s National Health Service, has received and accepted the resignation request from Linda Freimane, her assistant for information and communication technology affairs. Freimane explains her decision to step down with family affairs, the service comments.

airBaltic decides to increase permitted cabin baggage size

Latvia’s national airBaltic airline announces plans to increase permitted size of cabin baggage. From 1 August onward, permitted cabin baggage size for airBaltic flights will be 55x40x23 cm, as reported by the company.

Expert: full refusal of MPC system is not possible

It is not possible to completely drop the mandatory procurement system or the fee for green energy, said Economy Ministry’s work group member and energy expert Juris Ozoliņš in an interview to Rīta panorama programme of LNT.

Police: origin of Valdgale fire found on territory of Pindstrup Latvia

Latvia’s State Police has found that the origin of Valdgale fire was on the territory of Pindstrup Latvia peat production company.

Latvian State Revenue Service recalculates forecasted monthly non-taxable minimum

As of 1 August residents will see a recalculated individual forecasted monthly non-taxable minimum in their electronic tax book, as confirmed by State Revenue Service.

Waste management companies may apply for Riga’s region and half a billion euros

Getliņi waste landfill managing company SIA Getliņi EKO has announced a tender to find a private partner for household waste management in Riga in the form of a public-private partnership.

Bank of Latvia governor permitted to appoint his substitute in European Central Bank

Following European Union Court’s order, the Prosecutor General’s Office has clarified the security measure applied to bribery accused governor of the Bank of Latvia Ilmārs Rimšēvičs. He has been given the right to appoint his substitute in the European Central Bank Council, as confirmed by Prosecutor General’s Office representative Aiga Eiduka.

Ministry plans to finish test version of healthcare service recipients’ database by September

The test version of the healthcare recipients’ database should be ready in September, according to what Healthcare Minister Anda Čakša told 900 seconds programme of LNT.

Six persons involved in case on illegalities in Ogre bank’s insolvency process

Latvian Economic Crimes Prevention Office performed several searches and found six people suspects in a criminal case revolving around money laundering and abuse of power during the insolvency process of AS Ogres komercbanka, as confirmed by State Police press-representative Ilze Jurēvica.

Culture Ministry gives green light to three culture infrastructure projects

On 27 July, Latvia’s Central Finance and Contracting Agency gave green light to three major culture infrastructure projects. This marks the commencement of Culture Ministry’s programme to develop territories in Riga using funding from the European Union worth a total of EUR 54,541,128, as confirmed by the ministry.

airBaltic turnover up 19% in first half year of 2018

Revenue of Latvia’s national airBaltic airline reached EUR 180.8 million in the first six months of 2018, which is also 19% more when compared to the same period of last year, BNN was told by the company.

Retail trade turnover in Latvia up 5.6% in June

Compared to June 2017, total retail trade turnover rose by 5.6 % in June 2018. Turnover of retail trade in food products increased by 6.4 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 5.1%, whereas turnover of retail sale of automotive fuel – by 4.8 %.

Half of potential prosecutor candidates fail general knowledge test

Last week, half of the candidates who applied for the prosecutor’s post had failed the general knowledge test, as confirmed by the prosecutor’s office.

ICT industry’s export capacity on a rise; volumes have increased by 23%

Exports of services from Latvia’s information and communication technologies industry have increased by 23% in Q1 2018, according to the latest data from the Bank of Latvia.

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