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Saturday 18.08.2018 | Name days: Liene, Helēna, Elena, Ellena, Liena

Investors could soon start a due diligence review in airBaltic

Multiple potential investors could start a due diligence review in Latvian national airline airBaltic, says Latvian Transport Minister Uldis Augulis.

FM: if fuel consumption drops considerably, government will discuss excise tax changes

If fuel consumption drops considerably in the country, the government may reconsider the decision to increase excise tax, said Latvian Finance Minister Dana Reizniece-Ozola in an interview to LNT 900 seconds programme.

UK to introduce mandatory age checks to pornographic sites

The British government has pledged to introduce from 2018 a mandatory requirement to websites having pornographic content to check the age of their visitors.

airBaltic carried record-large number of passengers in June

Latvian airline airBaltic carried 372,219 passengers in June 2017, which is 23% more than last year. It is now the airline’s latest record, BNN was informed by airBaltic.

Brussels suggest member states to co-fund Common Agricultural Policy

The European Commission has proposed that European Union member states co-fund part of the Common Agricultural Policy, but experts evaluate that less well-off countries would not be able to support their farmers as the richest.

New Laima manufacturing plant in Adazi; up to 20 million euros to be invested

In the next three years, EUR 20 million will be invested in the new Laima manufacturing plant in Adazi, as reported by representatives of Orkla Confectionery & Snacks Latvija.

Reconstruction of Vilnius International Airport runway commences

Vilnius International Airport will remain closed from 14 July to 17 August. The airport will be closed down to perform the most massive runway reconstruction in the past 20 years.

Railway company’s plans to invest 35m euros in Russia criticised in Estonia

Estonian state-owned railway cargo company EVR Cargo has voiced plans to borrow and invest 35 million euros in freight cars in Russia, by buying train cars from Russian company to lease them to Russian firms.

British airline EasyJet planning to move EU operations to Austria

To remain part of the European Union market after the UK leaves the bloc, British low-cost airline EasyJet plans to set up a company in Austria.

Latvians favour Italy, local beaches and Latgale as holiday destinations

The most popular travel destinations for spending the annual vacation among Latvian holiday-makers are Italy, Spain and local destinations, a travel agency concluded in an opinion poll.

Latvia plans to raise excise tax on fuel, cigarettes and alcohol

Planning for faster increase of excise tax rate on fuel, cigarettes and alcohol, the Latvian Cabinet of Ministers has backed amendments to the law On Excise Tax.

Inflation up 3.0% in Latvia June-on-June

The average price rate in Latvia comparing June 2016 to June 2017 has increased 3.0% as products got 2.6% more expensive, services – by 4.0%, calculated the Latvian Central Statistical Bureau.

Tallink warns shipping companies would by lemonade outside Estonia in case of «sugar tax»

Estonian wholesaler Tallink Duty Free has stated that it will no longer buy soft drinks in Estonia if the country introduces the Riigikogu-backed «sugar tax».

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