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Wednesday 16.10.2019 | Name days: Daiga, Dinija

Latvia 41st in World Economic Forum’s Global Competitiveness Index

In the World Economic Forum’s Global Competitiveness Index Latvia has climbed to 41st place, still remaining behind Lithuania and Estonia, according to the latest published study.

Estonia agrees to deepen cooperation with U.S. focusing on security

Estonian and American top diplomats have agreed to enhance cooperation between the two allied countries in a joint statement signed in Washington. the NATO member countries reaffirmed their commitment to NATO's collective defence

Latvian government fears losing EU financing for e-health system

Latvia’s Finance Ministry is worried about potentially losing the funding provided by the European Union for the country’s Single healthcare Industry’s Electronic System.

Unemployment level in Latvia down to 5.7%

At the end of September the level of registered unemployment level was 5.7% of Latvia’s economically active population, which is 0.2 percentage points less than a month prior, as reported by State Employment Agency.

Latvian parties to divide state funding: Harmony to get the lion's share

Political parties elected to the 13th Saeima will be able to receive funding from the state budget worth EUR 4 119 581 in 2020. The majority of this amount – EUR 800 000 – will be provided to Harmony, whereas the smallest amount will be provided to New Unity, which may receive EUR 416 535, according to Justice Ministry.

Packaging deposit system could be adopted in Latvia in February 2022

On Tuesday, 8 October, Saeima’s National Economy Committee supported for the third reading amendments to the Packaging Law, which provide for the adoption of a deposit system in Latvia on 1 February 2022.

Latvian government approves new head for FKTK; Saeima to make the final decision

On Tuesday, 8 October, Latvia’s Cabinet of Ministers supported Citadele Bank’s board member Santa Purgaile as the new head of the country’s Finance and Capital Market Commission.

Inflation level in Latvia at 2.6% in September

Compared to September 2018, the average level of consumer prices in Latvia rose by 2.6 % in September 2019. Prices of goods have increased by 2.4 % and prices of services by 3.0 %.

Minister: Latvia is prepared to welcome Ukrainian political prisoners released from Russia

Latvia is prepared to provide rehabilitation services to Ukrainian political prisoners and sailors released from Russia, said Latvia’s Foreign Affairs Minister Edgars Rinkēvičs during his visit to Ukraine.

Lithuania to hold large fintech conference supported by ministries, central bank

Lithuanian government and central bank are holding in November the Fintech Inn Conference in its fourth annual edition focusing on open banking and fight against money laundering.

Guide for parents «Children and Online Games» now available

To explain why children are absorbed by online games and provide recommendations how parents should act to make games for their children as safe as possible a special guide for parents «Children and Online Games» is now available. The guide compiles recommendations from industry professionals and children.

Influenza season begins in Latvia as first patients appear

At the beginning of October Latvia’s Disease Control and Prevention Centre registered the first influenza cases this year even though overall flu intensity in Latvia remains very low, as confirmed by SPKC communication office head Ilze Arāja.

Economy Minister proposes standardizing and centralizing tenders

A regulation for procurements could help standardize and centralize them using ministries involved, for example, said Latvian Economy Minister Ralfs Nemiro in an interview to LTV programme Rīta Panorāma on Tuesday, 8 October.

LTV: more than two million euros is lost in LTRK through fictive business trips

Over the course the three past years more than two million euros have been lost through Latvia’s Chamber of Commerce and Industry. Most of this money ended up in 16 different subsidiaries, according to public broadcaster LTV programme De Facto.

Average electricity price goes down in Baltic States

Last week, the average electricity price in Baltic States went down, according to AS Latvenergo.

Waste management in Riga: four areas and seven-year waste management rights

In two weeks a new tender for waste management in Riga will be organized. Waste management services will be provided for seven years, journalists were told by Riga’s Mayor Oļegs Burovs after a meeting with Competition Council and Environment Protection and Regional Development Ministry’s representatives.

Estonian construction accident ends lethally

In Estonia, at the site of stadium construction works, one person has lost his life as two workers were accidentally buried under soil.

State funding for parties proposal – no more than EUR 80 000 per political party

Parties of the ruling coalition in Latvia have agreed to calculate state budget support based on contribution on elections of all levels, journalists were told by Latvia’s President Egils Levits after a meeting of coalition parties’ Saeima faction representatives on Monday, 7 October.