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Monday 16.12.2019 | Name days: Alvīne

Bank: Latvian residents have become more active with making savings

Following increased economic growth, there has been an improvement with Latvian residents’ financial reserves, according to data compiled by Swedbank. Nearly 17% of them have managed to save up money worth three or more wage amounts (2% more than last year), according to data from Swedbank.

Marguerite Fund to sell Conexus shares to Japanese Marubeni fund

Shareholder in Latvian natural gas transmission and storage system operator Conexus Baltic Grid, Marguerite Fund plans to sell its owned 29.06% of Conexus shares to Japanese company Marubeni fund.

«Riga’s residents overpay.» Kleins proposes terminating contract with Rīgas karte

Riga City Council vice-chairman and shareholder in municipal company LLC Rīgas satiksme Druvis Kleins, has ordered the company’s lawyers to assess the option of quickly terminating the contract with LLC Rīgas karte, as confirmed by Kleins, who represents For Riga! bloc in the city council.

October’s industrial production output in Latvia increases 3%

Compared to October 2018, industrial production output increased by 3 % in October 2019, according to calendar adjusted data at constant prices.

Nemiro: Latvia has not yet decided if it wants to acquire Gazprom’s shares in Conexus

Latvia will consider every offer from transmission and storage system operator Conexus Baltic Grid shareholder to purchase company shares, says Economy Minister Ralfs Nemiro.

Kleins: we may have to review who receives public transport discounts in Riga

Considering the complicated financial situation at Rīgas satiksme public transport company, it may be necessary to review which groups of people receive discounts and benefits, said Riga City Council’s vice-chairman Druvis Kleins in an interview to Latvijas Radio on Wednesday, 4 December.

Environment Ministry to decide on Riga City Council’s dismissal this week

Latvia’s Environment Protection and Regional Development Ministry’s lawyers will prepare a report this week on whether or not it is necessary to initiate dismissal of Riga City Council, as journalists were told by Environment Protection Minister Juris Pūce on Tuesday, 3 December.

Riga’s new vice-mayor Kleins partially replaces Rīgas satiksme council

The new vice-mayor of Riga Druvis Kleins, who represents For Riga! Bloc has partially replaced the council of public transport company LLC Rīgas satiksme, dismissing council chairman Normunds Narvaišs, council members Ainārs Ozols and Andrejs Pančenko, as reported by RS representative Viktors Zaķis

Latvia’s ruling coalition picks Kazāks to govern Bank of Latvia

On 2 December evening Latvia’s ruling coalition agreed to pick Mārtiņš Kazākš as the chosen candidate to lead the Bank of Latvia, according to unofficial information from LETA.

Competition Council applies a fine of EUR 700 000 on Depo

Latvia’s Competition Council has decided to apply a fine of EUR 701 811 to construction materials trader LLC Depo DIY, as reported by CC representative Paula Vilsone.

Estonia’s contribution to NATO budget to grow by EUR 200,000

As smaller NATO member states are agreeing to contribute more to the NATO joint budget as the U.S. seeks to pay less, Estonia has announced raising its annual contribution by 200,000 euros.

Nekā personīga: drop in Russian freights may put at risk railway electrification in Latvia

It is expected freight volumes in Baltic States will reduce as a result of Russian transit businesses diverting their freights to the country’s own ports. This creates risks for the long-awaited railway electrification project in Latvia, as reported by TV3 programme Nekā personīga.

Ex-LDz chief Magonis claims 500 000 euros was payment for lobbying interests

The ex-chairman of state company Latvian Railway Uģis Magonis has testified in court that the EUR 500 000 was paid to him not as a bribe but as payment for lobbying the interests of Estonian millionaire Oleg Osinovsky’s indirectly owned companies’ interest in Russia, as reported by public media lsm.lv.

70 people receive acute intestinal infection in Liepaja

70 people who dined at Baltic Restaurant, which is located on the territory of Lauma Fabrics company, fell ill with acute intestinal infection in Liepaja, as reported by SPKC.


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