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Saturday 17.08.2019 | Name days: Oļegs, Vineta

OECD recommends Latvia to increase financing for Competition Council

To promote productivity and competitiveness of Latvia’s economy, the Organization for Economic Cooperation and Development recommends in its report on the country’s economy published on 29 May to increase the authority of the Competition Council and allocate more funding for the institution.

Cigarettes instead of tea? Latvian Border Guard intercept illegal goods

While performing a routine inspection of a DAF cargo truck, officers of Terehovo border checkpoint uncovered a stash of cardboard boxes. Documents stated there was supposed to be tea in those boxes. However, the boxes in question were filled with contraband cigarettes.

Estonian prime minister concerned about cross-border alcohol trade with Latvia

The possible reduction of excise tax on alcohol in Latvia as a reaction to the same step made in Estonia will affect cross-border trade, said Estonia’s Prime Minister Jüri Ratas.

OECD praises Latvia’s growth; urges to focus more on environment

Latvia’s economic growth in recent years has been impressive. Unemployment continues to decline, quality of life and welfare continue to improve. However, Latvia should focus more on environmental matters, said Secretary General of the Organization for Economic Cooperation and Development Anhel Gurria.

Sociologist: Egils Levits’ international experience will help outline Latvia’s future

The international experience of Latvia’s newly-elected president Egils Levits will help outline the country’s future, says sociologist Aigars Freimanis. He says from the very beginning Levits has proved himself as a competent and talented presidential candidate.

Latvia’s Ventspils and Estonia’s Saaremaa may establish ferry traffic in July

The tender for the potential ferry operator between Estonia’s Saaremaa Island and Latvia’s Ventspils could be announced in June, as Saaremaa Parish senior deputy Marili Niits told Saarte Haal newspaper.

Construction costs in Latvia up 0.2% in April

Compared to March, the level of construction costs in Latvia grew by 0.2 % in April 2019.

Mayor of Riga Nils Ušakovs steps down

The suspended Mayor of Riga Nils Ušakovs has posted an update on his Facebook profile, announcing that he is stepping down from his post. In his update, Ušakovs also thanked his supporters.

Latvia’s minister expects a train procurement contract to come in July

Latvia’s Transport Minister Tālis Linkaits said in an interview to public broadcaster LTV programme Rīta Panorāma on Wednesday, 29 May, that he hopes to see the train procurement contract ready in July.

Latvia’s prime minister to lead discussions on high-rank EU candidates

Centre-right European People’s Party has picked Latvia’s Prime Minister Krišjānis Kariņš and Croatia’s Prime Minister Andrej Plenković as the party’s official discussion leaders in European Parliament discussions regarding candidates for the highest ranking posts in the European Union.

Latvian corruption watchdog detains another ex-official of Riga’s tourism bureau

On Tuesday, 26 May, Corruption Prevention and Combating Bureau detained Riga City Deputy and ex-board member of Riga Tourism Development Bureau Maksims Tolstojs, according to information from LETA.

Saeima committee tackles disadvantageous position of Latvia’s print media

Distribution of print media of different municipalities, delivery costs, as well as lack of control for print press released in third countries is the reason why print media in Latvia is in a more disadvantageous position when compared to Russian media, said deputies of Saeima’s deputies at a joint meeting on Tuesday, 28 May.

Latvia tests new measures to prevent land vehicle collision with wild animals

In order to test technologies to help prevent collisions between land vehicles and wild animals crossing busy roads, it is planned to implement two pilot projects in Latvia, as reported by road network management company Latvian State Roads.

Latvia’s population declines 14 400 over the course of a year

At the beginning of 2019 population of Latvia accounted for 1 million 920 thousand people, which is 14.4 thousand people fewer than a year ago.

Latvian ruling coalition considers discussing country’s prosecutor general in Saeima

Politicians of the ruling coalition in Latvia believe it may be possible to discuss in the Saeima Prosecutor General Ēriks Kalnmeiers’ suitability for his post if there are justifiable reasons.

Expert: Estonia nears real estate bubble; Latvia still has a way to go

In the past ten years, Latvia’s residents were more careful with mortgage loans than their Estonian neighbours. Currently the total volume of mortgage loans in Latvia is twice as small when compared to Estonia, as reported at Bigbank’s organized financial sector’s strategic development forum by Bigbank Latvia governor Ģirts Kurmis.

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