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Sunday 29.03.2020 | Name days: Agija, Aldonis

Planning and risk management software to be adopted for Rail Baltica

Rail Baltica joint company RB Rail has commenced the adoption of planning and risk management software to ensure efficient management of project activities and resources, as reported by the project’s representative Rūta Vētra.

Number of accused persons in ABLV Bank criminal case increases to 14

In the criminal case regarding possible laundering of at least EUR 50 million in the liquidated ABLV Bank the number of people with rights for defence in the case has increased to 14.

Industrial production output in Latvia down 4.5% in January

Compared to January 2019, industrial production output decreased by 4.5 %, based on calendar adjusted data at constant prices, in January 2020.

Swedbank warns about suspicious text messages sent on bank’s behalf

Swedbank has received information about fraudsters using the bank’s name and sending fake text messages to its clients, the bank warns.

Latvia hands Belarus a project for cooperation in transport and logistics

Latvian Transport Ministry’s vice-state secretary Uldis Reimanis, during his visit to Minsk, presented a project for cooperation between Latvia and Belarus in transports and logistics, as reported by the ministry’s representative Ilze Greiškalna.

Housing costs in Latvia average at EUR 151 a month in 2019

In 2019 housing costs on average constituted EUR 151 per household monthly, which is one euro more than a year ago. Share of housing costs in the total household expenditure keeps declining – last year households spent on average 12.2 % of their disposable income on housing costs: 13.4 % in 2018.

Competition Council permits Baltcom and Bite Latvija merge

Latvia’s Competition Council has decided to permit mobile communications operator Bite Latvija and telecommunications company Baltcom to merge, as confirmed by Bite Latvija representative Una Ahuna-Ozola.

Gints Miķelsons put in charge of Latvian Construction Contractors Partnership

From 1 March 2020 onward Gints Miķelsons, who has been the head of Latvian Sustainable Construction Council will be in charge of the Latvian Construction Contractors Partnership, as confirmed by construction contractors.

While Latvia’s GDP grows 2.2%, other Baltic States experience more rapid growth

In 2019, Latvia experienced the slowest GDP growth among Baltic States, according to data from Latvia’s Central Statistical Bureau of Latvia.

Retail trade turnover in Latvia up 2.6% in January

Compared to January 2019, total retail trade turnover rose by 2.6 % in January 2020. Turnover of retail trade in food products grew by 4.4 %.

From March onward prices of alcoholic beverages to increase in Latvia

Through a measured and gradual increase of excise tax rate policy, starting with 1 March 2020 the excise tax rate for alcoholic beverages in Latvia will increase, as confirmed by the State Revenue Service.

Latvian ministers disagree on proposal for online alcohol trade

As ministers disagree, Latvian government decides not to push to the Saeima amendments to the Handling of Alcoholic Beverages Law that provide permitting alcohol trade in Latvia over the internet.

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