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Wednesday 16.10.2019 | Name days: Daiga, Dinija

OECD: Bribery prevention results in Latvia disproportionate to cross-border risks

Latvia’s results in fighting bribery are still disproportionate with the risks of cross-border bribery and money laundering the country is subjected to, says the Working Group on Bribery of the Organisation for Economic Co-operation and Development.

PM Kariņš recommends spending confiscated EUR 29 mln as single investment

Latvian Prime Minister Krišjānis Kariņš has recommended the 29 million euros confiscated by the Riga Regional Court for being criminally-acquired to be spent on a one-off investment, according to an interview to LNT programme 900 sekundes.

Latvian medical workers to hold unprecedented protests against funding cuts

Latvian Trade Union of Health and Social Care Workers has decided to hold protests it calls unprecedented against state budget plans that would result in reduced funding for health care, according to the LVSADA Council.

Unity: Riga City Council tries to retain structure of Riga.lv despite liquidation

In the Riga City Council, opposition Unity faction fears a near-million increase of the municipality’s Public Relations Division could be coming in city budget effectively to transfer the structure of Riga.lv, the foundation up for liquidation.

Latvian budget to receive 20 million euros ruled to be criminally acquired

The Riga Regional Court has ruled that arrested 29 million euros have been acquired illegally and that they have to be transferred from a bank to the Latvian state budget, announced the Latvian Office of the Prosecutor General.

Programme: Audit of Rīgas karte reveals inflated costs, link to city officials

In Riga public transport, electronic ticketing systems depend on two large service providers, controlled by a businessman linked to the employee of Rīgas karte firm, according to it audit seen by LTV programme De Facto.

Latvian government debt expected to reach 11.65 billion euros in 2020

Latvian government debt could in the end of 2020 reach 11.65 billion euros, the Finance Ministry estimated in a report on government debt trends for 2019 to 2022.

airBaltic to commence flights to four new destinations next summer

Latvian airline airBaltic has announced plans to commence flights on new routes fro Riga to Manchester in the UK, Yerevan in Armenia, as well as Bergen and Trondheim in Norway.

Latvia 41st in World Economic Forum’s Global Competitiveness Index

In the World Economic Forum’s Global Competitiveness Index Latvia has climbed to 41st place, still remaining behind Lithuania and Estonia, according to the latest published study.

Packaging deposit system could be adopted in Latvia in February 2022

On Tuesday, 8 October, Saeima’s National Economy Committee supported for the third reading amendments to the Packaging Law, which provide for the adoption of a deposit system in Latvia on 1 February 2022.

Latvian government approves new head for FKTK; Saeima to make the final decision

On Tuesday, 8 October, Latvia’s Cabinet of Ministers supported Citadele Bank’s board member Santa Purgaile as the new head of the country’s Finance and Capital Market Commission.

Lithuania to hold large fintech conference supported by ministries, central bank

Lithuanian government and central bank are holding in November the Fintech Inn Conference in its fourth annual edition focusing on open banking and fight against money laundering.

Danske Estonia had quantity of non-resident transactions as only criterion, suspect banker says

In non-resident operations of Danske Bank’s scandalous Estonian branch, the only criterion in the investigated period was their number due to profitability, according to former worker Mihhail Murnikov’s interview with Bloomberg.

Nekā personīga: Strods may have leaked information about LVC tenders

The ex-board member of road maintenance company Latvijas Valsts ceļi Edgars Strods was detained for possible leaking of information about LVC tenders to Armands Garkāns’ companies, as reported by public broadcaster TV3 programme Nekā personīga.