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Wednesday 15.08.2018 | Name days: Dzelde, Zenta, Zelda

LCCI: number of businesses experiencing difficulties with finding workers on a rise

The number of businesses that believe labour accessibility in Latvia has reached a critical level continues increasing, according to a survey performed by Latvia’s Chamber for Commerce and Industry.

Industrial production output in Latvia up 0.4%

Compared to June 2017, industrial production output increased by 0.4 % in June 2018. Production output rise was recorded in manufacturing and mining and quarrying, while as the amount of electricity produced declined industrial production output in electricity and gas supply fell by 8.9 %.

Latvia’s Road Safety Directorate to open a new technical inspection station in Jelgava

This September a new vehicle technical inspection station of Latvia’s Road Safety Directorate is planned to be opened in Jelgava, Aviācijas Street 40.

Riga municipality to restrict waste management sector for 20 years

Riga municipality has decided to unjustifiably limit the number of service providers in waste management industry for 20 years, said Competition Council Communication Office manager Paula Vilsone, commenting on the recent tender for household waste management in a public-private partnership.

Latvian government agrees on 20% increase of doctors’ wages

Wages are to grow 20% every year from 2021 onward. A work group responsible for developing a plan for medium-term increase of wages for doctors has reached an agreement on this, as confirmed by Healthcare Ministry’s press-representative Oskars Šneiders.

New Unity and Union of Greens and Farmers submit their candidate lists

As submission of candidate lists continues, two more parties – New Unity and Union of Greens and Farmers – submitted their candidate lists for 13th Saeima elections to the Central Election Commission.

Eurostat: Latvia’s producer prices grew more rapidly than average prices in EU in June

In June 2017, producer prices in Latvia’s industry grew by 4.7% when compared to the same month of 2017. This is a more rapid growth than the average in the European Union, according to data from Eurostat.

Study: Latvian residents’ mood has improved in all areas

Latvian residents have become more positive about developments in the country. Positions in all indexes included in the study have improved. The biggest improvement was noticed in relation to the development of the general situation in the country, according to results of Baltic International Bank’s latest Latvian Barometer Study.

Competition Council invites residents to provide feedback on banking services

Latvia’s Competition Council invites residents to participate in a survey and provide feedback on factors that affect their decision to change banks. The survey is part of the market monitoring efforts intended to study bank client mobility in Latvia.

LMT plans to invest millions in network, service and research development

In 2019, mobile network operator Latvijas mobilais telefons plans to invest a dozen million euros into network, service and research work development, as confirmed by LMT president Juris Binde.

Estonian startups attract investment of EUR 245 million in 2018

Estonian startup companies, currently around 550 in number, have in the first six months attracted 245.6 million euros in investment, Startup Estonia has estimated.

Latvijas gāze to meet in October to decide on payment of dividends

During a shareholders meeting scheduled for 3 October, shareholders of AS Latvijas gaze will decide on changes to the composition of the company’s council and the payment of dividends, according to the company’s announcement to Nasdaq Riga.

Brawl in Tallinn ends with shot fired on street

In the Estonian capital, a man has been seriously wounded by a gunshot after an apparent fight between two strangers in a rare gun-crime in public space Tallinn.

Finance Commission: Latvia’s business sector has gotten rid of unwanted shell companies

As of 7 July 2018, the ratio of deposits from risky shell companies in Latvia’s banking sector was 0.03%. Most of this amount consists of the remaining balance of funds exiting the country, as reported by Finance and Capital Market Commission.

Latvian government starts talks on applying reduced VAT on public catering

Finance Ministry has reached a conceptual agreement on applying on restaurants a reduced 12% value added tax rate instead of the current 21% under the condition that catering companies are to cease paying employees envelope wages, LNT reported on Wednesday, 1 August.

Latvia’s State Audit urges residents to evaluate transport infrastructure quality in Riga

State Audit urges Latvia’s residents to participate in a survey and provide their opinions on the quality of Riga’s transport infrastructure. This is important for Riga residents and guests of the city – pedestrians, cyclists, drivers, and people using public transport services, as mentioned in the announcement.