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Ceturtdiena 12.12.2019 | Name days: Otīlija, Iveta

Marguerite Fund to sell Conexus shares to Japanese Marubeni fund

Shareholder in Latvian natural gas transmission and storage system operator Conexus Baltic Grid, Marguerite Fund plans to sell its owned 29.06% of Conexus shares to Japanese company Marubeni fund.

Saeima’s majority may move towards Riga City Council’s dismissal

The majority of Latvia’s Saeima may vote towards dismissing Riga City Council, according to unofficial information from LETA. There is also a more reserved position on this, but generally it is admitted that Riga City Council’s dismissal process will be initiated.

«Riga’s residents overpay.» Kleins proposes terminating contract with Rīgas karte

Riga City Council vice-chairman and shareholder in municipal company LLC Rīgas satiksme Druvis Kleins, has ordered the company’s lawyers to assess the option of quickly terminating the contract with LLC Rīgas karte, as confirmed by Kleins, who represents For Riga! bloc in the city council.

October’s industrial production output in Latvia increases 3%

Compared to October 2018, industrial production output increased by 3 % in October 2019, according to calendar adjusted data at constant prices.

Nemiro: Latvia has not yet decided if it wants to acquire Gazprom’s shares in Conexus

Latvia will consider every offer from transmission and storage system operator Conexus Baltic Grid shareholder to purchase company shares, says Economy Minister Ralfs Nemiro.

SEB Bank clients now able to use mobile devices to pay for goods and services

SEB Bank clients who have a mobile phone with Android OS are now able to pay for goods and services using their phones. It is possible to use mobile phones to for transactions up to EUR 150 in Latvia and abroad using contact-free terminals, the bank reports.

Kleins: we may have to review who receives public transport discounts in Riga

Considering the complicated financial situation at Rīgas satiksme public transport company, it may be necessary to review which groups of people receive discounts and benefits, said Riga City Council’s vice-chairman Druvis Kleins in an interview to Latvijas Radio on Wednesday, 4 December.

Latvian pupils’ mathematics score above average among OECD member states

Latvian pupils’ mathematics skills are reportedly higher than average among member states of the Organization for Economic Cooperation and Development, according to results of OECD PISA 2018.

Environment Ministry to decide on Riga City Council’s dismissal this week

Latvia’s Environment Protection and Regional Development Ministry’s lawyers will prepare a report this week on whether or not it is necessary to initiate dismissal of Riga City Council, as journalists were told by Environment Protection Minister Juris Pūce on Tuesday, 3 December.

Turkey upholds veto against NATO Baltic defence plans; Lithuania hopes for compromise

Ankara has reiterated its stance of blocking the adoption of updated Baltic defence plans in NATO as a bargaining chip in its attempts to label Kurdish groups in Syria as terrorists, according to the Turkish policy.

Latvia’s ruling coalition officially agrees on Kazāks as chosen Bank of Latvia governor

Parties of the ruling coalition in Latvia have agreed to pick the central bank’s council member Mārtiņš Kazāks as their chosen candidate for the posting of governor of the Bank of Latvia, politicians told journalists on Tuesday, 3 December after a meeting of ruling parties.

Prime Minister: next EU budget’s cohesion funding for Latvia may drop by one billion euros

In the next European Union multi-year budget, cohesion funding for Latvia may drop by 22% or EUR 1 billion, said Latvia’s Prime Minister Krišjānis Kariņš during a meeting of the National Trilateral Cooperation Council on Tuesday, 3 December.

Environment Ministry proposes changing Latvian residents’ shopping habits

Every year each household in Latvia spends 200 and more euros on food that ends up thrown away, as concluded in a research performed by Environment Protection and Regional Development Ministry.

Nearly 27 600 Latvian residents still have not submitted income declarations

27 655 Latvian residents for whom submission of annual income declaration for 2018 is compulsory still have not done this, according to information from the State Revenue Service.

Riga’s new vice-mayor Kleins partially replaces Rīgas satiksme council

The new vice-mayor of Riga Druvis Kleins, who represents For Riga! Bloc has partially replaced the council of public transport company LLC Rīgas satiksme, dismissing council chairman Normunds Narvaišs, council members Ainārs Ozols and Andrejs Pančenko, as reported by RS representative Viktors Zaķis

Latvia’s ruling coalition picks Kazāks to govern Bank of Latvia

On 2 December evening Latvia’s ruling coalition agreed to pick Mārtiņš Kazākš as the chosen candidate to lead the Bank of Latvia, according to unofficial information from LETA.

Competition Council applies a fine of EUR 700 000 on Depo

Latvia’s Competition Council has decided to apply a fine of EUR 701 811 to construction materials trader LLC Depo DIY, as reported by CC representative Paula Vilsone.

Average salary in Latvia reportedly EUR 801 in Q3 of 2019

Compared to Q3 2018, the average monthly gross wages and salaries grew by 8.3 % or EUR 84, reaching EUR 1 091 for full-time work in Q3 2019. In Q1 and Q2, the growth rate was slower – 7.8 %.


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