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Wednesday 18.09.2019 | Name days: Liesma, Elita, Alita

Latvian Justice Ministry insists on improving prison infrastructure

In regards to the topic of the state budget’s fiscal space in 2020 and expenditures for priorities, Latvia’s Justice Ministry insists on maintaining its position in regards to Liepaja Prison’s construction project’s necessity.

Latvian government allocates more than EUR 192 million for priority tasks

On Friday, 13 September, Latvia’s Cabinet of Ministers decided at an extraordinary meeting on division of EUR 192.4 million for priority tasks of ministries and independent institutions.

Lithuanian shops using increase in wages to raise prices, analyst asserts

In Lithuania, inflation has been two times faster in 2019 compared to other markets in the euro area. Economist Žygimantas Mauricas believes retailers have used a surge in wages to increase prices, especially in grocery stores.

Latvian court declares PNB Bank insolvent

Riga City Vidzeme Suburb Court has declared PNB Bank insolvent, as confirmed by Finance and Capital Market Commission. Vigo Krastiņš has been approved as the bank’s insolvency administrator.

UN representative criticizes Latvia for unwillingness to sign Istanbul Convention

Latvia still has not ratified European Council Convention on Prevention of Violence Against Women and Domestic Violence, otherwise known as the Istanbul Convention, even though it is a major tool for combating domestic violence, said UN Committee on the Elimination of Discrimination Against Women representative Ana Peláez Narváez.

Round dance over? Latvian government agrees on 2020 budget in spite of difficulties

Judging from the last talks held by parties it can be concluded the coalition has reached an agreement on the state budget, said Attīstībai/Par! co-chairman Daniels Pavļuts.

Three and a half months left for compulsory installation of smoke detectors in Latvia

Latvian residents are expected to install smoke detectors in their homes – private houses and apartments – by 1 January. For private homes, however, there is an additional requirement – owners are expected to have fire extinguishers on hand as well, reminds State Fire and Rescue Service.

Citadele Bank finances Virši-A petrol station network’s expansion

With financing from Citadele Bank, petrol station network Virši-A plans to expand by opening four more petrol stations. Two of them will provide condensed natural gas.

Lithuania warns about end in rapid wage growth

«The summer will not last forever,» said Lithuanian Finance Minister Vilius Šapoka about a summary of official economic forecasts, which warn that after a fairly rapid growth, national economy and wages would grow at a somewhat slower pace.

Latvian residents lose at least 460 000 euros to questionable websites

As a result of operations of questionable virtual platforms Latvian residents have suffered losses worth more than EUR 460 000, according to information from State Police.

Vilnius Square in Tbilisi – renovated and unveiled

The Vilnius Square devoted to Georgian-Lithuanian solidarity in Tbilisi has been renovated and also presented to the public this week.

Saeima committee to discuss FCMC’s addition to Bank of Latvia

On Wednesday, 11 September, Saeima’s Budget and Finance Committee gave Finance Ministry time until autumn 2020 to evaluate the option of adding Finance and Capital Market Commission to the Bank of Latvia.

Business park to be established in Carnikava; land to be auctioned off in October

Carnikava municipality plans to establish a business and innovations part Mežgarciems. The municipality plans to hold an auction of rights to procure land for the new business part in the beginning of October, as confirmed by the park’s representatives.

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