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Sunday 15.09.2019 | Name days: Sandra, Gunvaldis, Gunvaris, Sondra

Suspect in Riga public transport company's criminal case released on bail

On Wednesday, 3 April, Riga City Vidzeme Suburb Court received a payment of EUR 500,000 for the release on bail of businessman Māris Martinsons, who is involved in the criminal case regarding procurements of public transport company Rīgas satiksme.

Saeima deputy: Latvia should use the potential of Constitutional Court’s judges

Latvia should create all the necessary conditions to make sure judges of the Constitutional Court are able to continue working in the court justice system or state administration after the end of their term so that our country can make use of their potential, said Saeima’s Court Policy Sub-committee’s chairperson Inese Lībiņa-Egnere.

Latvian prime minister promises more independence for FCMC

Following the coming into force of a new law on 1 October, Latvia’s Finance Capital and Market Commission will become more independent. This was explained as much by Latvia’s Prime Minister Krišjānis Kariņš in an interview to LTV programme Rīta Panorāma on Wednesday, 3 April.

Latvian Saeima deputy suggests renaming Victory Monument as Occupation Memorial

Latvian Saeima deputy Artuss Kaimiņš from KPV LV political party proposes renaming the Victory Monument as the Latvian People’s Occupation Remembrance Memorial, BNN was told by the political party.

Estonia experiences the most rapid producer price decline among Baltic States

Compared to the same month of 2018, Latvia’s industry experienced a 6.6% increase for producer prices in February 2019. This is also more rapid than the average price rise among EU member states, according to data published by Eurostat.

Latvian government approves crowdfunding legislation

On 2 April, 2019, Latvia’s Cabinet of Ministers decided to submit to the Saeima a legislative draft on crowdfunding.

Shortage of teachers means training should be made more flexible in Latvia

«Education for children should be changed from the ground up so that teachers are able to play a new role – work as supporters and advisors to assist in the education process,» says University of Latvia Docent and lead researcher Ieva Margeviča-Grinberga.

Happiness index: Latvian residents have never been happier than now

The happiness index for Latvian residents has reached its record high value this year, according to results of a survey by SKDS agency.

Officials of Latvian State Fire and Rescue Service detained by police

Four officials of Latvian State Fire and Rescue Service’s Riga Region Department have been detained under suspicion of fraud, as confirmed in an announcement by Internal Security Bureau.

Latvian airBaltic profit grows 40% in 2018

According to the financial results for 2018, for the first time in the company’s history airBaltic has achieved EUR 400 million profit, while the net income has grown by more than 40% compared to 2017, reaching EUR 5.4 million, says the airline’s representative Alisa Briede.

Agricultural price index in Latvia up 14%; livestock price index down 4.1%

In 2018, price index of agricultural output increased by 6 %, which was mainly due to the 14 % rise in crop product prices. Price index of livestock products fell by 4.1 %.

New Unity: if Economy Ministry prepares a quick MPC abolishment offer, party will support it

Latvia’s New Unity association of political parties would support a well-argumented offer from Economy Ministry on the abolishment of mandatory procurement component system, says chairman of New Unity’s Saeima faction Ainars Latkovskis.

Latvian airBaltic airline to commence direct flights from Riga to Stuttgart and Lviv

On March 31, 2019, Latvian airline airBaltic launched the second summer route connecting Riga and Stuttgart, Germany. In addition, this evening airBaltic will start flights between Riga and Lviv, Ukraine.

Latvian Olainfarm shareholders meeting called off due to internal dispute

The extraordinary meeting of shareholders of Latvian pharmaceutical company Olainfarm was called off because the request for said meeting was signed by people who are not AS Olainfarm shareholders and not listed in the company’s shareholder registry, as reported by Latvia’s Finance and Capital Market Commission.