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Saturday 25.01.2020 | Name days: Sigurds, Zigurds

Development of areas along Rail Baltica line will require investments worth EUR 300 million

In order to implement infrastructure development projects along Rail Baltica line in Riga, it will be necessary to secure investments up to EUR 350 million in the next ten-year period, as reported by Riga City Council chairman Oļegs Burovs.

Olainfarm shareholders fail to convene due to lack of quorum

Because of the lack of quorum, the extraordinary meeting of Olainfarm shareholders originally scheduled for Friday, 24 January, did not take place. It was planned to discuss changes to the company council during this meeting, as reported by the company’s representative Ieva Lapiņa-Ennīte.

EY: investors more optimistic about Latvia’s economic competitiveness

Last year, investors’ opinion of the competitiveness of Latvia’s economy improved for nearly all indexes, as reported by EY Latvija representatives.

Linkaits: banks once again service Ventspils Freeport terminals

The situation with Ventspils Freeport is gradually becoming more relaxed. On top of that, banks once again service port terminals there, as Latvian Transport Minister Tālis Linkaits affirmed in a conversation with journalists on Thursday, 23 January.

Audit: Rail Baltica slowed by poor risk management and slow progress with municipalities

Delays and cost increase of Rail Baltica project is heavily affected by no risk management and no strategy, as well as slow progress in cooperation with municipalities and passive alienation of properties, Latvian State Audit concluded in its latest report.

Lithuania tries to halt haulage firm exodus to Poland with new tax

Lithuania is introducing a new «exit tax» to keep road haulage firms from relocating to other European Union member states. The firms say that other ways of moving business abroad will be used.

Moneyval report: Latvia has generally completed issued recommendations

Moneyval Committee of Experts on the Evaluation of Money Laundering and Terrorist Financing Measures of the Council of Europe has upgraded its report regarding Latvia completing the 11 recommendations it was previously presented, according to published information.

Video: Thunberg and Trump clash over climate in Davos

«Our emissions have to stop» versus «import our oil and natural gas» – these were the conflicting calls from Swedish climate activist Greta Thunberg and U.S. President Donald Trump in the World Economic Forum.

Swedbank predicts 2.2% economic growth for Latvia in 2020

Latvia’s national economic growth in 2020 will rely on private consumption. Overall growth is expected at 2.2%, according to Swedbank chief economist Liva Zorgenfreija.

Even Jūlijs Krūmiņš’s penalty is not enough to pull state funding from ZZS

The fine enforced by the office of the prosecutor on businessman Jūlijs Krūmiņš does not provide for terminating payment of state funding for the Union of Greens and Farmers, as reported by the Corruption Prevention and Combating Bureau.

Railway freight volumes in Latvia drop 15.8% in 2019

When compared to 2018, railway freight volumes in Latvia had declined 15.8% in 2019. Total railway freight volumes reached 41.492 million tonnes, according to data from the Transport Ministry.

Estonian producer price index decreased in 2019

Estonia’s producer price index of industrial output decreased from December 2018 to December 2019 by 1.2%, the country’s official statistical body Statistics Estonia estimated.

Programme: minister wants state secretary gone over an objection

Prior to major changes in Latvenergo’s council and board, the company’s current supervisor and Economy Ministry’s state secretary Ēriks Eglītis may lose his post. It is worth mentioning that he objected to providing Economy Minister Ralfs Nemiro’s once boss Pāvels Rebenoks an official post, as reported by TV3 programme Nekā personīga.


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