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Ceturtdiena 20.02.2020 | Name days: Smuidra, Vitauts, Smuidris

European Central Bank annuls PNB Bank’s license

The European Central Bank has made a decision to liquidate PNB Bank’s license, as confirmed by Latvia’s Finance and Capital Market Commission.

Rīgas satiksme new management’s stance on contract with Rīgas karte remains unclear

Municipal public transport company LLC Rīgas satiksme’s new board offers no clarity in relation to potentially terminating the contract with LLC Rīgas karte, as Saeima’s Public Expenditures and Audit Committee was told by RS board chairperson Džineta Innusa.

FDP: economic growth may be slowed by multiple global and domestic risks

Latvia’s Fiscal Discipline Council agree on Finance Ministry’s analysis, expecting the strong effect from slowed economic growth to remain in 2020, the council says.

Land acquisition for Rail Baltica going slow in Estonia

As Estonia seeks a stretch of land across the country for the construction of the pan-Baltic railway Rail Baltica, only 32 plots of land have been acquired out of some 650 needed, Estonian public broadcaster ERR reports.

Anna Emīlija Maligina’s and Dzīvokļ owned real estate in Jurmala auctioned off

A piece of land and two buildings located on Kāpu Street 60 in Jurmala jointly owned by pharmaceutical company Olainfarm’s deceased owner Valērijs Maligins’ daughter Anna Emīlija Maligina and LLC Dzīvokļ have been sold at an online auction, according to information from the website.

Share prices plummet on stock markets over concerns for coronavirus

On Thursday, 13 February, share prices around the world plummeted as concerns over the Covid-19 coronavirus epidemic in China. London Stock Exchange index declined shortly after British Finance Minister Sajid Javid’s sudden resignation.

Latvian government to decide on dropping litigation against Parex Bank’s former owners

The assessment on whether or not Latvian government should continue or drop the litigations against former Parex Bank owners Valērijs Kargins and Viktors Krasovickis may be completed in about a month, as TV3 programme 900 seconds was told by Economy Minister Ralfs Nemiro on Monday, 10 February.

Pavels Rebenoks is unlikely to receive access to official secrets in Latvia

One of the winners of the Latvenergo council members personnel selection process, Latvian Economy Minister Ralfs Nemiro’s advisor Pāvels Rebenoks is unlikely to be provided with access to official secrets, as reported by LTV programme Panorāma on Thursday, 6 February.

Latvian Saeima increases excise tax for sweetened non-alcoholic beverages

From 2022 onward it is planned to apply increased excise tax rate on sweetened non-alcoholic beverages, as provided by amendments to the Law on Excise Duties approved by the Saeima in the last reading on Thursday, 6 February.

Latvian government approves rules for Riga and Ventspils Freeport

To ensure operations for Ventspils Freeport and Riga Freeport without jeopardizing security in the harbour or on land, Latvia’s Cabinet of Ministers approved on Tuesday, 4 February, the rules of the two of Latvia’s biggest ports and ordered ministries to clarify and correct the final redaction, as reported by Transport Ministry.

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