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Saturday 17.08.2019 | Name days: Oļegs, Vineta

Finance sector’s representatives participate in crisis scenario exercise

Representatives of Latvia’s finance sector are taking part in an exercise organized by Defence Ministry to simulate a crisis situation. The exercise is meant to check the sector’s readiness to work in a potential state of emergency, the ministry confirms.

Bye bye, Barclays! What (if anything) went wrong?

You know how it is: companies come and go, but the exiting of Britain’s Barclays from Vilnius is bitter both to the Lithuanian capital and the entire Lithuanian business community. Opened in 2010, in the midst of 2008 economic downturn, it had over 1 100 employees.

July’s inflation in Latvia reported at 2.9%

Compared to July 2018, the average level of consumer prices rose by 2.9 % in July 2019. Prices of goods have increased by 2.9 % and prices of services by 2.8 %. Compared to 2015, consumer prices have risen by 8.7 %. Prices of goods have increased by 7.0 % and prices of services by 13.0 % in July 2019.

Cross-border trade between Latvia and Estonia declines

Estonia’s Finance Minister Martin Helme has announced that excise tax revenue from the first month after the rate’s reduction has increased 40% when compared to July 2018, whereas cross-border trade with Latvia has reduced.

Minister orders evaluation behaviour of police during fight in Krāslava

Latvia’s Interior Affairs Minister Sandis Ģirģens has ordered State Police chief Ints Ķuzis and Internal Security Bureau chief Valters Mūrnieks to evaluate behaviour of police officers in relation to the fight in Krāslava after which a person died.

Latvian State Border Guard apprehends 22 perpetrators

On Wednesday, 7 August, Latvian State Border Guard apprehended a total of 22 perpetrators on the country’s external borders and interior territories.

Publishers want 5% VAT for books; ministry’s estimates are exaggerated

Reduction of VAT on books to 5% will leave only a slight impact on the state budget, but at the same time it will help stabilize the industry, said Latvian Publishers Association board chairperson Renāte Punka in an interview to Latvijas Radio on Thursday, 8 August.

Bank analysts predict July’s consumer prices in Latvia to drop 0.7-0.8%

Consumer prices in Latvia had declined 0.7-0.8% in July when compared to June, which means the country’s inflation has been around 3-3.1%, bank analysts predict.

Procurement announced for Rail Baltica Salaspils freight handling terminal project

SIA European Railway Lines has announced a procurement for Rail Baltica freight handling terminal project in Salaspils, as confirmed by Transport Ministry.

LTA: alcohol prices in Latvia have yet to decline and there is a reason for this

Although the excise tax on alcohol was reduced by 15% on 1 August, prices have yet to drop. This is because it is necessary to sell alcoholic drinks that were procured with the previous excise tax.

Latvian minister starts meeting with Latvian residents to discuss territorial reform

Continuing public discussion of the upcoming territorial reform, Latvia’s Environment Protection and Regional Development Minister Juris Pūce will start meeting with Latvia’s residents starting with Wednesday, 7 August.

Shortage of medical personnel urges extraordinary meeting of Saeima’s committee

The shortage of medical personnel, which is something that came to light this week in Daugavpils regional hospital, has forced Saeima’s Social and Employment Matters Committee chairman Andris Skride to schedule an extraordinary meeting next week.

Latvian corruption watchdog suspects eight people of violations in Island Bridge project

Latvia’s Corruption Prevention and Combating Bureau has asked the prosecutor’s office to raise charges against eight people for different crimes related to the reconstruction of Island Bridge. This includes Riga City Council’s Transport Department official Uģis Brožs.

Rīgas satiksme wants a council member with «spotless reputation»

Riga municipality’s public transport company Rīgas satiksme has announced a personnel selection process to pick the fifth company council member, according to information published in Latvian Herald.

Estonia – no-country for Russian citizens from Ukraine’s Donetsk, Luhansk

Russian passports of people from Donetsk and Luhansk oblasts in Ukraine, which are illegally controlled by pro-Kremlin separatists, will not be recognised in Estonia, the Estonian Foreign Ministry has stated.

Borrow to pay off a debt? Latvian residents’ loan obligations on a rise

Last year there was an increase of the number of people who experienced problems with paying back their loans and who were forced to push back loan repayments three or more times, said head of Consumer Rights Protection Centre Baiba Vītoliņa at a press-conference on Tuesday, 6 August.

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