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Monday 16.07.2018 | Name days: Hermīne, Estere

Fire at BAO landfill for dangerous waste; fire fighters still on the scene

A fire started on the territory of AS BAO landfill for dangerous waste in Olaine last night. Latest reports state it has since been localized, as confirmed by State Fire and Rescue Service representative Inta Palkavniece.

Study: nearly half of residents create savings in cash form

Nearly half of Latvia’s residents (42.3%) create savings in the form of cash. 17.4% of residents use bank accounts for savings, according to a study performed by Ferratum Bank about saving habits of Latvian residents.

Most of non-resident banks will continue working in Latvia

The majority of banks whose business activities are associated with servicing non-residents will continue working in Latvia, as confirmed by Finance and Capital Market Commission Pēters Putniņš in an interview to Latvijas Radio on Friday, 29 June.

Talsi County Council switches chairmen – Dainis Karols replaces Edgars Zelders

On Thursday, 28 June, Talsi County Council elected a new chairman at an extraordinary meeting. First deputy for administrative, finance and education affairs Dainis Karols was picked, as confirmed by the council’s public relations and marketing office head Anna Ķīviča.

Three KVV Liepājas metalurgs real estate auctions conclude

Friday, 29 June, marks the end of three auctions for the sale of real estate properties owned by insolvent KVV Liepājas metalurgs, according to information published in Latvian Herald.

Weather in Latvia to be rainy and cool next week

At the end of this week, colder masses of air will flow into Latvia by a cyclone. This means weather will be cool and windy. Rain is also expected on Sunday and beginning of next week. Weather will gradually improve in the second half of the week, however, as reported by State Environment, Geology and Meteorology Centre.

Jurmala’s bronze tortoise sculpture to be auctioned off; municipality says it is illegal

During the artRiga art festival this autumn, it is planned to auction off one of Jurmala’s symbol – the famous bronze tortoise sculpture, says sculptor Jāņis Bārda’s wife Aivija Bārda.

Authorities commence criminal prosecution against Bank of Latvia governor

Latvian prosecutor’s office has commenced criminal prosecution of bribery accused Bank of Latvia governor Ilmārs Rimšēvičs and businessman Māris Martinsons.

Forest regeneration costs in Latvia kept declining last year

In 2017, the average forest regeneration costs in Latvia comprised 438–567 EUR/ha, depending on the forest land quality group.

Competition Council permits merging of two LPG traders

On 21 June, Latvia’s Competition Council made a decision to permit a merge, as part of which SIA Latvijas propāna gaze gained decisive influence over SIA Eko gaze. Permission was given because the merge is not expected to impact competition, says CC.

Latvian president declares amendments to make Pope’s visit a holiday

Latvian President Raimonds Vējonis has declared amendments to the Law on Holidays, Remembrance Days and Days to be Marked in order to make 24 September, the day Pope Francis plans to visit Latvia, an official holiday.

Economy Ministry: it is necessary to reduce the volume of low-skilled workforce

Employment opportunities are set to expand in the next decade. However, demographic tendencies and regional labour market differences will create an even stronger need for labour force, according to Latvian Economy Ministry’s medium and long-term labour market outlooks.

PHOTO: court decides to keep Vairāk saules IT specialist under arrest

On 27 June, Riga Regional Court decided to leave the existing security measure – arrest – in force for Vairāk saules restaurant network IT specialist Edgars Štrombergs.

Construction costs in Latvia grew 4.1% in May 2018

Compared to April, the level of construction costs in Latvia grew by 0.5 % in May 2018. Labour remuneration of workers increased by 1.7 %, maintenance and operational costs of machinery and equipment – by 0.3 %, but prices of building materials – by 0.2 %.

72 stationary speed cameras to be installed on Latvia’s roads

Several new speed cameras will soon be installed on Latvia’s roads in Piņķi, Vitrupe, Vecstropi, Grenctāle, Lapmežciems, Klidziņš, and Šķibe.

Survey: real estate purchase is the most optimal form of investment

Latvia’s residents view real estate purchase as one of the best forms of investment. 46% of Latvia’s residents would invest in real estate. Other popular forms of investment include gold, which is considered reliable by 26% of residents, and life insurance – 18%, according to results of Swedbank’s survey.

Estonian economy to grow by 3.5% in 2018, central bank estimates

Estonia's economic growth would be at 3.5% in 2018-2019, but it would slow to 2.5% in 2020, according to forecasts by the Estonian central bank, Eesti Pank.

State Labour Inspectorate launches inspection of SIA Koblenz for possible fictive employees

Latvia’s State Labour Inspectorate has commenced an administrative procedure in relation to SIA Koblenz security firm’s possible fictive employment of security staff from other firms, as confirmed by SLI representative Megija Ekkerte.

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