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Saturday 18.08.2018 | Name days: Liene, Helēna, Elena, Ellena, Liena

Ending Savisaar's corruption case identifies shortcomings in Estonian law, says prosecutor

After a high-profile corruption case against former Tallinn Mayor Edgar Savisaar was ended this week by a court ruling based on the defendant's poor health, Estonian prosecutor Steven-Hristo Evestus has pledged to appeal against it and pointed to shortcomings in Estonian law.

Plan to allow Latvian-only election campaigning rejected in Saeima

With the Latvian parliamentary election in October coming nearer, a proposal to allow campaigning only in the state language has been discussed in the Saeima, where it was rejected by the Committee of State Administration and Local Governments on Tuesday, June 5.

Ernst&Young auditors to be involved in ABLV Bank's liquidation

In the liquidation of Latvian ABLV Bank, international auditor firm Ernst&Young will be engaged to ensure transparent implementation of the voluntary liquidation plan, said the bank's liquidator.

Families with over four children to receive tickets to Song and Dance Festival

Families with at least five children in Riga will be offered tickets to the events of the Latvian Centennial Song and Dance Festival, announced the capital city's council.

Latvian Insolvency Administration turns to police suspecting breach in automated queue

The Latvian Insolvency Administration (LIA) has notified the State Police and the Information Technology Security Incident Response Institution Cert.lv about a suspected system breach in the automated queue that ensures insolvency administrators are suggested to courts in random sequence.

Latvian tax collector to quicken export declaration processing

The processing of export declarations at the Latvian State Revenue Service will be faster from June 4, as the process will be run automatically, the institution announced.

Ex-Foreign and Defence Minister Pabriks leaves Unity to join liberals

Latvian MEP Artis Pabriks, the former Latvian Foreign Minister and Defence Minister, has decided to leave the centre-right government party Unity to join the liberal alliance Latvijas Attīstībai/Par.

Murder of insolvency administrator Bunkus: Possible motives

Murdered insolvency administrator Mārtiņš Bunkus allegedly had serious arguments with his colleague Māris Sprūds and entrepreneur Mihails Uļmans, sources familiar with Bunkus told de facto programme of the Latvian Television.

Deposit volume in Latvian banks down to EUR 17.6 billion

The total volume of deposits in Latvian banks has declined this May by 1.1% or EUR 195.157 million – to EUR 17.6 billion, according to data compiled by Finance and Capital Market Commission.

Luminor: housing loan market grows with every passing day

«Looking at results of the first quarter in housing loan market, we can safely say that this sector is starting to heat up,» says Luminor private clients service manager Normunds Rudzītis.

Augstsprieguma tīkls to pay the state EUR 3.6 million in dividends next year

Augstsprieguma tīkls will have to pay the state EUR 3.6 million in the form of dividends in 2019, as decided by the Cabinet of Ministers behind closed doors.

ABLV Bank owners invest in a project of Latvian Museum of Contemporary Art in spite of bank’s collapse

Ināra and Boriss Teterevs, Ernests Bernis and Oļegs Fiļs have decided to continue the initiative regarding formation of a museum and investing in its fund more than EUR 1 million to finish development of a project launched by Latvian Museum of Contemporary Art.

Court puts ex-LDz manager’s bribery case viewing on hold until autumn

The viewing of the bribery case involving the now ex-manager of LDz Uģis Magonis in Vidzeme District Court has been put on hold until 11 September, as confirmed by Estonian businessman Oleg Osinovskis’ lawyer Jeļena Kvjatkovska.

June’s beginning to be dry and hot from time to time in Latvia

Drought will remain in Latvia at the beginning of June. Probability of rain will be low. There may be intense heat on some days and a rapid drop in air temperature at night, as reported by Latvia’s State Environment, Geology and Meteorology Centre.

Heat waves to become the most serious climate change challenges for Latvia

The biggest challenges Northern Europe, Latvia included, can expect from climate change in the next five to ten years are heat waves and other extreme weather events, such as floods, according to experts from Intergovernmental Panel on Climate Change.

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