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Monday 19.08.2019 | Name days: Melānija, Imanta

Lux Express suspects Road Transport Directorate of illegalities

Passenger-carrying company Lux Express has turned to Corruption Prevention and Prevention Bureau over suspicions of employees of the Road Transport Directorate of committing illegalities. The institution in question, on the other hand, claims that the carrier does not ensure appropriate safety of its clients.

Estonia not to borrow to build Rail Baltica, ministry says

The Estonian part of the Rail Baltica super project will not require loans for construction, according to the country’s Finance Ministry.

Retail trade turnover in Latvia up 2.1% in June

Compared to June 2018, total retail trade turnover rose by 2.1 % in June 2019. Retail trade in food products grew by 0.8 %, retail trade in non-food products increased by 3.6 %, and turnover of retail sale of automotive fuel grew by 1.0 %.

Latvia’s Pasažieru vilciens and Czech Škoda Vagonka sign train supply contract

Pasažieru vilciens and Škoda Vagonka have signed a contract for the supply of 32 new electric trains. The contract states that all trains have to be supplied before the end of 2023.

Competition Council launches case against Riga City Council and Getliņi EKO

Latvia’s Competition Council has initiated a case against Riga City Council and Getliņi EKO for possible breach of EU establishing treaty. A temporary measure is requested, which could mean the halting of the re-signing of the waste management contract.

Minister wonders if money for ex-LDz board members counts as resource squandering

Latvia’s Transport Minister Tālis Linkaits intends to ask the shareholder of Latvian Railway to check if payment of compensation to ex-LDz board chairman Edvīns Bērziņš and board member Aivars Strakšas for early termination of work relations can be considered squandering of state resources.

Minister: Belarus is prepared to increase oil transit through Latvia

During his visit to Belarus and meeting with President Aleksandr Lukashenko, affirmation was received that with the restoration of Novopolotsk oil processing plant Belarus is prepared to increase oil transit through Latvia, said Latvia’s Foreign Affairs Minister Edgars Rinkēvičs.

Week in Lithuania: Olympic hero gets disqualified, PM wins confidence, Nausėda visits Latvia

Last week, Lithuania’s new President Gitanas Nausėda paid visit to his Latvian counterpart, Egils Levits, PM Skvernelis won confidence vote in Parliament and Olympics' winner got disqualified for two years.

Estonia in the lead among Baltics in Global Innovation Index

Latvia retains 34th place in the latest Global Innovation Index. This is better than Lithuania, which holds 38th place, but worse than Estonia, which is declared the 24th most innovative country in the world.

Russian military radars in Kaliningrad – obstacle to 5G in Lithuania

Lithuania is looking to upgrade to 5G in mobile internet, but powerful Russian radars use the same radio frequency band selected for frequency auctions to attract network developers.

Delna to observe selection of new council members for Latvian energy giant

Following the invitation from Latvia’s Economy Ministry, Delna – Society for Openness will participate as an observer in the committee for the selection of new council members for Latvia’s energy giant Latvenergo, the non-government organization reports.

Ministry: Latvian citizen detained in Iran is in no danger

The Latvian citizen who is a member of the crew of the British tanker Stena Impero detained by Iran is not in any danger and he is allowed to communicate with his relatives, confirms Latvia’s Foreign Affairs Ministry.

Latvian Railway suspected of limiting competition in major procurement

Two companies have turned to Latvia’s Procurement Monitoring Bureau over suspicions of Latvian Railway giving preference to a single contender and artificially inflating prices in the procurement for the construction of Daugavpils marshalling yard.

airBaltic issues bonds worth EUR 200 million

Latvian airline airBaltic successfully placed a 200 million euro issue of bonds on July 23, 2019, BNN was informed by the airline.

Coface downgrades business risk rating for automotive industry in Europe

In its latest countries and industries risk rating, international credit risk insurance company Coface has downgraded the score for Germany, Austria and the Czech Republic. Risk assessment has been downgraded for Europe’s automotive industry.

Current business trends in 2019 show fewer foreign investments and insolvency cases

In the first six months of 2019, there was a reduction of the number of insolvency cases in Latvia. There were also more business liquidations and fewer foreign investments, according to data compiled by Lursoft.