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Monday 22.07.2019 | Name days: Marija, Marika, Marina

Europol: Risks of Russian money laundering still exist in Baltics

In the Baltic states, there still exist risks for the laundering of money from Russia, said official from European police agency Europol, Pedro Felicio, who works on anti-money laundering measures in the body. He added that the problem is amplified by «zero cooperation from the side of Russia».

Data: 47.3% Latvian restaurants had tax debt over last six months

47.3% of Latvian restaurants and cafes had a tax debt exceeding 150 euros in the past six months, yet the total taxes paid by the sector have surged by 19.87% on year, data by business database Lursoft showed.

Latvian Health Ministry pushing for fairer competition in medicines’ market

Seeking lower prices of medicines for patients on the Latvian market, the country’s Health Ministry, is working on measures to improve access to medicines.

Latvian aviation can reach level of Sweden in ten years, says Transport Minister

The aviation sector of Latvia could by 2030 reach with increased efforts the level of Sweden in terms of passenger numbers, flights and cargo handling per capita, stated Latvian Transport Minister Tālis Linkaits.

Amid fears of Latvian real estate tax hike, Kariņš pledges no dramatic increase

As the Latvian Justice Ministry has drafted new rules of the cadastre evaluation of real estate, Latvian Prime Minister Krišjānis Kariņš promised in an interview with the LNT channel not to permit a dramatic hike in real estate tax.

Turnover of Latvia’s State Forests up 20,1%, profits – up 22,8% in Q1

Latvian state forest management company Latvia’s State Forests has in the first quarter of 2019 reached a turnover of 89,751 million euros, which is an increase of 20.1% as compared to the respective period in 2018, data published by the company showed.

Latvian foreign trade turnover up 9.5 in April on year

In April 2019 the foreign trade turnover of Latvia was 9.5% larger than a year ago, of which the exports value of goods was 2.9% and imports value of goods 15.3% higher, show provisional data of the Latvian Central Statistical Bureau.

SEB bank Latvia warns of e-mail scam

The Scandinavian SEB bank in Latvia has issued on Tuesday, June 11, a warning of e-mail messages of a fraudulent character.

Ministry appoints two additional Latvian Railway Council members

Latvian Transport Ministry, as shareholder in railway company Latvian Railway appointed Andris Liepiņš and Reinis Ceplis to the company’s council on Friday, 7 June, as confirmed by the ministry.

Lithuania’s prime minister tight-lipped on country’s joining of Baltic gas market

Lithuania’s Prime Minister Saulius Skvernelis says he does not know if his country manages to join the shared gas market in the region.

Chinese tech giant Huawei to develop 5G network in Russia

Chinese technology giant Huawei, which is suspected of creating threats to national security in several western nations, has signed a contract with Russian telecommunications company MTS for the development of a 5G network in the country, BBC reports.

Europe loses EUR 60 billion to counterfeit products and piracy every year

Because of different fake products and piracy, Latvia loses up to EUR 109 million in 11 industries every year, whereas the damages in the European Union reach EUR 60 billion.

airBaltic agrees to compensate inconveniences to passengers

An agreement has been reached in a court of justice in Lithuania with Latvian airline airBaltic on payment of compensation to passengers worth a total of EUR 120 000, according to representatives of flight compensation assistance company Skycop.