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Wednesday 18.07.2018 | Name days: Rozālija, Roze

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.

Baltic States cannot afford creating air defence system

Formation of a comprehensive air defence system is not something Baltic States can afford on their own, as concluded in a report from Tallinn-based International Center for Defense and Security.

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.

OECD predicts Latvia the most rapid GDP growth among Baltic States

According to predictions from the Organization for Economic Co-Operation and Development, Latvia may experience the most rapid GDP growth among Baltic States in 2018-2019 – 4.5% this year and 3.6% next year. Estonia’s GDP growth is planned at 3.7% this year and 3.2% next year, whereas Lithuania’s GDP growth may reach 3.3% this year and 2.9% next year.

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 %.

Estonian cyber-defence experts share knowledge with Singapore colleagues

The Estonian Ministry of Defence has provided cybersecurity training and a cyber range exercise to military cyber experts in Singapore's Ministry of Defence and Armed Forces.

Estonian renewable energy firm acquired for EUR 289 million

Estonia's state energy giant Eesti Energia entered a deal to purchese 100% of the shares of the Estonian renewable energy firm Nelja Energia.

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.

MEP: if Latvia does not fight against plastic waste, the country will drown in it

European Commission’s proposed ban on using single-use plastic products in EU member states is a very important step to begin combating plastic waste problem, says MEP from Latvia Inese Vaidere.

Construction costs in Latvia grew 3.8% in April

Compared to March, the level of construction costs in Latvia grew by 0.8 % in April 2018. Prices of building materials increased by 1.1 %, maintenance and operational costs of machinery and equipment – by 0.6 %, whereas labour remuneration of workers – by 0.5 %.