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Wednesday 16.01.2019 | Name days: Lida, Lidija

Opinion: Latvia’s five years in Eurozone should be considered successful

In spite of the initial difficulties, Eurozone’s creation should be viewed as a story of success. Additionally, the five years Latvia has spent in Eurozone should be considered successful, says Bank of Latvia Council member Mārtiņš Kazāks.

Survey: Latvian residents enjoyed 2018 more than 2017

31% of interviewed respondents believe 2018 was better than 2017. Only 13% believe it was worse, according to results of a survey performed by SKDS last December.

January’s first week to be cold in Latvia

In the afternoon of 2 January the wind will reach a speed of 20-25 m/sec along the coast in Latvia. A considerable amount of precipitation is also expected, which is likely to increase the layer of snow in the country’s eastern parts by at least 10-15 cm.

Latvian residents had healthier diets this Christmas than last year

During this year’s Christmas season, shopping baskets have become healthier - people have bought significantly more fish, mandarins, and other fruits and vegetables for their Christmas meals.

Latvian parties yet again promise to pick a prime minister candidate in one week’s time

Four potential core parties of the new government promise to offer Latvian President Raimonds Vējonis a prime minister candidate supported by all of them by 4 January next year.

For the first time in Latvia’s history revenue from excise tax exceeds EUR 1 billion

According to information from the State Revenue Service, revenue from excise tax exceeds EUR 1 billion.

Latvian corruption watchdog requests prosecution of businessman Jūlijs Krūmiņš for trade of influence

Corruption Prevention and Combating Bureau has requested Prosecutor General’s Office to commence criminal prosecution against businessman Jūlijs Krūmiņš, businessman and former basketball player Valdis Valters and businessman Haralds Balodis for trading influence.

Eco Baltia urges environment-friendly disposal of Christmas trees

Eco Baltia Group environment maintenance companies – Eco Baltia vide, Eko Kurzeme and Sigulda City’s Jumis – urge residents to dispose of Christmas trees in an environment-friendly way by leaving them next to the household waste containers or contacting local environment management authority, as confirmed by Eco Baltia Group representative Daiga Buča.

Association: most non-banking lenders will disappear from Latvia’s market next year

Most non-banking lending companies in Latvia will have been liquidated by the end of next year or beginning of 2020. This means short-term loans will no longer be available to residents, predicts Alternative Financial Services Association of Latvia.

Opinion: current stability in Russia considered a value by residents

The stability observed in Russia is considered a value by its residents, said Latvian ambassador to Russia Māris Riekstiņš.

Daugavpils City Council on hold until minister and KNAB decide what to do with it

Latvia’s Environment Protection and Regional Development Ministry has asked Corruption Prevention and Combating Bureau to provide information so that it is possible to decide on Daugavpils City Council’s ability to continue working.

Opinion: construction industry wants answers about Rail Baltica

Although not rapid, growth in the construction sector is expected next year. However, together with that we will also get all unresolved problems, including the shortage of workers and the uncertainty about the organization of big projects, BNN was told by the head of Latvian Partnership of Building Contractors Baiba Fromane.

More progress for Latvia’s new government expected in January

Representatives of political parties in Latvia expect more progress for the government formation process in January.

Residents prefer quality and more expensive mulled wine in Latvia

When weather becomes cold, demand usually increases for mulled wine, hot juice-based drinks, as well as ingredients needed to make them, according to information from ELVI.

Most Latvians plan to spend up to EUR 60 on Christmas dinner

This Christmas, 22% of the public plans to spend between 41 to 60 Euro on their Christmas dinner, while almost a quarter plan to spend between 21 to 40 Euro, and 10% up to 20 Euro.

Study: nearly half of Latvians believe importance of family values is in decline nowadays

Mutual support (62%), care for one another, including financially (61%), trust (60%), mutual respect (54%) and responsibility (50%) are the five basic values respected and kept dear in Latvian families.