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Tuesday 20.11.2018 | Name days: Anda, Andīna

Political parties submit proposals for Saeima committees

In continuation of talks regarding the parliament’s work, political parties elected to the 13th Saeima have voiced their expectations and proposals for future governance of Saeima committees.

Retail trade in Latvia grows more rapidly than average in Europe

Compared to the same month of 2017, retail trade turnover in Latvia grew by 3.5% in September 2018. This is more rapidly than the average in the European Union, according to data published by Eurostat.

KPV LV: previous agreement shattered. Politicians re-elect the old Saeima Praesidium

During the first meeting of the 13th Saeima, deputies elected the new Praesidium. According to information from Saeima’s website, members of the Praesidium are usually elected from the largest parties represented in the Saeima.

Consumer prices in Estonia jump 4.4% in year

The consumer price index in Estonia, has from October 2017 to October 2017 increased by 4.4%, with transport costs being the key contributing factor, according to calculations by official statisticians.

Estonia considering maritime law changes to attract 300 to carry its flag

Estonia plans amendments to its Ship Flag and Ship Registers Act and is aiming to attract up to 300 large cargo vessels under the Estonian flag in seven-years time.

Latvian farmers worried over short term for use of financial support from EP

Farmers are satisfied with the decision made by the European Parliament’s Budget Committee to provide financial support to Latvian farmers who suffered losses from intense rainfall last year. However, farmers are worried about the short period of time provided for the use of said finances.

Ministers elected to Saeima to temporarily work both in government and the parliament

Ministers elected in Latvia’s parliament will continue working both in the 13th Saeima and the government until a new Cabinet of Ministers has been approved.

Political parties successfully compose 13th Saeima

On Tuesday, 6 November, the Saeima of the Republic of Latvia approved 100 parliamentary deputies.

President to 13th Saeima: you represent our nation, not just your voters

«Two thirds of 13th Saeima deputies offer their oath for the first time. It presents us with an opportunity to form a new political dialogue and adopt a new legislative work culture,» said Latvian President Raimonds Vējonis in his speech addressed to 13th Saeima deputies.

Estonia to close railway line and wait for Rail Baltica

Passenger traffic in the Estonian railway line connecting Tallinn and forth largest city Pärnu will be railway line will be interrupted in December to be restored when Rail Baltica railway is operational in 2026.

Share of foreign deposits in Latvian banks down to 20.5%

Latvia’s banking sector has finished its self-cleansing process, dropping the far too risky foreign client segment in the process. Over the course of nearly a whole year, the share of foreign deposits in banks has been cut by nearly half: 20.5% in September as opposed to 39.7% a year prior, according to data from the Finance and Capital Market Commission.

6 November – 13th Saeima’s first meeting

The 13th Saeima will gather for its first meeting at 10:00 a.m. on Tuesday, 6 November. Representatives of parties and associations elected to the Saeima had agreed on the meeting’s agenda beforehand, as reported by Saeima’s press-service.

Funding for cohesion to be Latvia’s priority in 2019 EU budget

Latvia’s priority in the 2019 European Union budget will be funding for cohesion, as mentioned in the national position approved by the Cabinet of Ministers. This position will be reported to Economic and Financial Affairs Council on 16 November.

Industrial production output in Latvia down 1.2% in September

Compared to September 2017, industrial production output reduced by 1.2 % in September 2018. The decline was caused by the production output reduction in electricity and gas supply (of 12.6 %), as the amount of electricity produced in hydro power plants dropped.

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