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Wednesday 17.10.2018 | Name days: Karīna, Gaits

Weather to be rainy and windy in Latvia this week

On Monday, a low atmospheric pressure area will approach Latvia from the west. The sky will be cloudy in western regions, and some rain is expected. There will be fewer clouds in the country’s eastern regions. Wind will become strong along the coast at night hours, as reported by Latvia’s State Environment, Geology and Meteorology Centre.

Ministry’s secretary: state of «permitted prostitution» in Latvia needs to change

Prostitution in Latvia is «permissibly limited», but this needs to change, said Latvian Interior Affairs Ministry’s parliamentary secretary Evika Siliņa, during a speech at an international conference on effective measures against sexual exploitation.

Annual retail trade turnover in Latvia up 1.4%

Compared to August 2017, total retail trade turnover rose by 1.4 % in August 2018. Turnover of retail trade in food products increased by 2.8 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 0.5 %, whereas turnover of retail sale of automotive fuel – by 0.8 %.

ABLV Bank’s creditors submit claims worth more than EUR 2 billion

Nearly 3,300 creditors have responded to the invitation from ABLV Bank’s liquidators to submit their claims, submitting claims for more than EUR 2 billion, as confirmed by the bank.

Latvian Saeima supports changing Culture Capital Fund’s financing model

On Thursday, 27 September, Saeima approved amendments to the State Culture Capital Foundation Law, thereby changing the fund’s current financing model, as reported by the parliament’s press-service.

Expert: Baltic governments should review Rail Baltica governance and implementation model

Governments of Baltic States should review Rail Baltica governance and implementation models, says Vice-President of the Baltic Institute of Corporate Governance Andris Grafs.

Weather to be volatile in Latvia next week; wind speed to increase again

On the night to Friday, 28 September, an active cyclone will approach Latvia from the west. Because of that, weather will become cloudy and rainy. Northern regions will experience heavy rainfall, as reported by Latvia’s State Environment, Geology and Meteorology Centre.

Farmers whose land suffered from intense drought are eligible for tax support from SRS

Considering that the lengthy drought has caused enough damages to Latvia’s agriculture for authorities to declare a state of emergency, Latvia’s State Revenue Service has decided to allow farmers declared by Latvian Rural Advice and Education Centre as victims of a nation-wide natural disaster to apply for extension in tax payments.

Education Committee supports new Culture Centres legislative draft

Saeima Education, Culture and Science Committee has conceptually supported the new Culture Centres legislative draft, which details the status of culture centres in Latvia to ensure their uninterrupted function and development, as reported by Saeima press-service.

Payment card fraud level in Baltic States is one of the lowest in Europe

The level of fraud with domestically issued payment cards in Baltic States is one of the lowest in Europe, as reported by Bank of Latvia payment system expert Kristīne Grīviņa with reference to European Central Bank’s data published this week.

Saeima committee conceptually supports proposals for limiting MPC

Economic, Agricultural, Environmental and Regional Policy Committee has conceptually supported proposals on limiting mandatory procurement component system.

Open election of Latvia’s president one step away – one final reading left

On Wednesday, 26 September, Saeima’s Legal Affairs Committee unanimously supported for the final reading amendments to the Constitution that provide for open election of the country’s president.

Total tax debts in Latvia reach EUR 1.13 billion at beginning of September

At the beginning of September, the total tax debts in Latvia, including topical, halted and extended debts accounted for EUR 1.13 billion, which is 6.7% less when compared to August, as reported by State Revenue Service.

Committee: FCMC should be certain of banks’ ability to survive

The objective of the Finance and Capital Market Committee is making certain banks not only promise but also are able to survive in spite of market changes, as reported by chairman of Saeima Public Expenditure and Audit Committee Andris Bērziņš.

Latvian minister asks for re-assessment of Rugby Federation head’s competence

Taking into account the publicly reported information that the president of Latvian Rugby Federation Aivars Pilenieks has physically assaulted a player of U-18 team, Education and Science Minister Kārlis Šadurskis has decided to ask the federation to re-assess Pilenieks’ professional competences and compliance with requirements of his post.

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