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Saturday 17.08.2019 | Name days: Oļegs, Vineta

Malta receives failed Moneyval final review

Monitoring body Moneyval has found the anti-money laundering capability of Malta as being ineffective, giving the country a year to repair shortcomings or risk being blacklisted.

Number of airline passengers serviced in Latvia up nearly 10%

A total of 3.5 million passengers were serviced at Latvia’s international airports in the first half-year of 2019, which is 9.6% more when compared to the same period of 2018, when 3.2 million passengers were serviced, according to data compiled by the Civil Aviation Agency.

Week in Lithuania: CB denies Swedbank’s Syria links, PM Skvernelis to change some ministers

Last week, PM Saulius Skvernelis revealed that the Government mulls taxing property and polluting cars, Lithuanian Railways said it will keep contract with Latvia's Sigmen, Court disqualifies itself from Paleckis case.

Latvia among Baltic States with first quarter’s highest budget deficit

In Q1 2019, the general government budget deficit ratio to GDP in Latvia was higher than the average across the EU, according to data published by Eurostat.

Latvia’s industrial producer price level up 0.4% in June

Compared to May, the level of producer prices in Latvian industry rose by 0.4 % in June 2019. Prices of products sold on the domestic market grew by 1.5 %, but prices of exported products reduced by 0.7 %.

Estonian TransferWise hires Netflix’s ex-chief financial officer

Estonian-led financial transactions start-up TransferWise has announced expansion of its board of directors with the former chief financial officer of the American online television service Netflix, David Wells.

Open arms for Lidl – Estonian competition watchdog predicts lower prices

Expecting the entry of the German supermarket chain Lidl on the Estonian market, the country’s Competition Authority expects healthier competition and lower prices.

Latvia commences procurement for public transport services in next decade

A procurement process has been announced for public transport services in Latvia for 2021-2030, as confirmed by Road Transport Directorate.

Energy production support in Latvia to be paid only from state budget

Latvia’s Cabinet of Ministers has decided to support Economy Ministry’s proposal to cover state support costs for energy production solely from the state budget starting with 2021. This measure means these costs will no longer appear on residents’ and other energy consumers’ receipts for electricity.

Latvian Railway receives EC’s report on railway electrification

European Commission has submitted a positive report on Latvian Railway commenced railway network’s electrification in the initially planned volume, as reported by company’s representative Ella Pētermane.

Latvia’s finance market supervisor applies one million euro fine to Rigensis Bank

Latvia’s Finance and Capital Market Commission has decided to apply a fine of one million euros to Rigensis Bank AS for violating money laundering and terrorism financing prevention regulations, as confirmed by the commission.

Latvia’s industrial output growth reportedly the most rapid among Baltics

Industrial production output in Latvia in May 2019 when compared to the same period of 2018 has increased 1.7%, which is a more rapid growth rate than the average in the EU, according to data published by Eurostat.

Latvian competition supervisor investigates possible cartel agreement

Latvia’s Competition Council has performed a surprise inspection in two construction material trading companies under suspicion of cartel agreement, as confirmed by the council.

Foreign trade turnover changes in Latvia: exports drop and imports grow in May

In May 2019, the foreign trade turnover of Latvia amounted to EUR 2.5 billion, which at current prices was 3.5 % more than in May 2017, of which the exports value of goods was 2.6 % lower, but imports value of goods was 8.6 % higher.

Waste volumes created by Latvian residents up 21% in five years

Data from Eurostat shows that in 2017 Latvian households created 851 000 tonnes of household waste, which is 21% more when compared to 2013, when households created 704 000 tonnes of waste, as reported by waste management company AS Latvijas Zaļais punkts.

Lithuania concerned over possible bread price increase following drought

The drought observed in recent months has caused losses for Lithuanian farmers. According to Agriculture Minister Giedrius Surplys, the price of bread and other bakery goods could increase because of it.

Lithuanian MEPs promise to oppose nuclear power plant project in Belarus

Lithuania’s representatives in the European Parliament have promised to oppose the construction of a nuclear power plant in Astravyets, Belarus, 50 km away from Vilnius, as reported by Lithuanian public media LRT.

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